Dy. CIT v. Citicorp Maruti Finance Ltd.

  Section 37(1)   Direct Taxes

Loan sourcing fees was paid to M and was amortized over the period of loan agreement and only the amount which was amortizable for the current year had been debited to the Profit & Loss…

Venkata Siva Reddy Nellore v. ITO

  Section 148   Direct Taxes

Initiation of proceedings under section 147 where assessment proceedings had not even been started and time for issuance of notice 143(3) had not expired was void-ab-initio.…

Ravi Shankar v. Asstt. CIT

  Section 54   Direct Taxes

Where assessee sold his residential property and invested in two residential house property and claimed deduction under section 54, AO was not justified in restricting deduction to one property…

New Consolidated Construction Company Ltd. v. Dy. CIT

  Section 145   Direct Taxes

On bogus purchases GP rate of 12.5% would be applied and added to assessees income, and not entire bogus purchases would be added.…

Apurva Natvar Parikh and Co. (P) Ltd. v. Dy. CIT

  Section 40(a)(ia)   Direct Taxes

Disallowance under section 40(a)(ia) on the ground that the assessee had failed to deduct the tax at source on payment made was not justified as the recipient had already paid the taxes on the…

ACIT v. Neha Enterprises

  Section 147   Direct Taxes

Re-assessment framed pursuant to section 148 notice in the name of non-existent firm was null and void.…

Dy. CIT v. Infina Finance (P) Ltd.

  Section 14A   Direct Taxes

Investments held as stock-in-trade do not attract disallowance under section 14A, therefore, disallowance made by AO was not justified.…

Pr. CIT v. Vaishnodevi Refoils & Solvex

  Section 68   Direct Taxes

Addition made by AO to assessee-firms income under section 68 in respect of capital introduced by one partner of firm on the ground that creditworthiness of partner who introduced capital had…

Jawahar B. Purohit v. Asst. CIT & Ors.

  Section 153A   Direct Taxes

Where search was conducted and addition was made by AO in respect of completed assessment on the basis of the entries found recorded in regular books of account of the assessee and no…

Dy. CIT v. Reliance Natural Resources Ltd.

  Section 115JB   Direct Taxes

Disallowance computed under section 14A read with rule 8D could not be imported into clause (f) of Explanation 1 to section 115JB for purpose of computing book profit under section 115JB.…

1 2