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ACIT v. Hooghly Engineering & Technology College Society

  Section 11   Direct Taxes

Where assessee registered under section 12AA had given advances to unregistered trusts, then it could be held guilty for violation of provisions of section 13 and consequently be denied…

Terex India (P) Ltd. v. Dy. CIT

  Section 92C   Direct Taxes

While making transfer pricing adjustments for computing ALP of international transaction, the adjustments is to be confined to international transactions undertaken with the associated…

ITO v. Vinayak Hari Palled

  Section 10(37)   Direct Taxes

Interest awarded under section 28 of Land Acquisition Act, 1894 partook the character of compensation paid by government on compulsory acquisition of assessee’s agricultural land and was,…

Pr. CIT v. Kamla Devi Sharma

  Section 143(2),   Direct Taxes

The issue of notice under section 143(2) in reassessment proceedings, prior to finalizing re-assessment order, cannot be condoned by referring to section 292BB and it was fatal to the order of…

Udai Hospitals (P) Ltd. v. ITO

  Section 2(47)(v)   Direct Taxes

Vide JDA, in lieu of parting of a portion of its land, assessee had to receive consideration in kind (i.e., by way of superstructure on the land retained by it) in future and the transaction was…

CIT v. Dr. M.A.M. Ramaswamy

  Section 115BB   Direct Taxes

Total income of winnings from betting (horse racing) of assessee, instead of net income from betting after deduction of business loss, should be brought to tax at the rate of 40% under section…

ITO v. Mundela Service Cooperative Bank Ltd.

  Section 80P(2)(a)(i)   Direct Taxes

A primary agricultural society, registered under the Kerala Co-operative Societies Act, 1969 is entitled to the benefit of deduction under section 80P(2).…

Neha Home Builders (P.) Ltd. v. Dy. CIT

  Section 2(22)(e)   Direct Taxes

As assessee was neither beneficial nor registered shareholder of EIPL amount received was not liable to be taxed as deemed dividend. Moreover, transaction between the two group concerns…

ITO v. Kuber Fertilizers (P) Ltd.

  Section 147   Direct Taxes

Where in terms of section 151(2), competent authority to sanction reassessment proceedings was Principal Chief Commissioner, approval of Additional Commissioner could not be taken as…

Pr. CIT v. Green Associates

  Section 80-IB(10)   Direct Taxes

Merely because the land was held by the original owner when the housing development project was executed, the same would not be detrimental to the assessee’s claim of deduction under…

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