Additional evidence Before ITAT HIGH COURT OF BOMBAY Braganza Construction (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle-2(1), Panaji M.S. SONAK AND C.V. BHADANG, JJ. TAX APPEAL NO. 47 OF 2012 DECEMBER 6, 2019 S.R. Rivankar and Rama Rivankar, Advs. for the Appellant. Ms. Susan Linhares, Standing Counsel for the Respondent. JUDGMENT M.S. Sonak, J. – Heard Mr. Rivankar, the learned Counsel for… Read More »
SUPREME COURT OF INDIA Principal Commissioner of Income-tax v. Nitrex Chemicals India Ltd. A. M. KHANWILKAR, HEMANT GUPTA AND DINESH MAHESHWARI, JJ. SLP TO APPEAL (C) NO. 13576 OF 2017 JANUARY 22, 2020 Arijit Prasad, Sr. Adv., Syed Abdul Haseeb, Adv., Mrs. Anil Katiyar, AOR and B.V. Balaram Das, AOR for the Petitioner. Venketesh Chaurasia, Adv. and Jay Kishor Singh, AOR for the Respondent. ORDER… Read More »
The position in the current case is that the liability had already arisen with certainty. The committee was constituted for the purpose of wage revision. That the wages would be revised was a foregone conclusion. Merely because the making of the report and implementation thereof took time, it could not be said that there was… Read More »
The ld. CIT (Exemptions) has passed the impugned order on the ground that the purchase and sale of milk, milk product, cattle feed etc. does not come under the object of the assessee trust. Held where there is no dispute about the activities being carried out by the assessee trust and it has maintained 11… Read More »
HIGH COURT OF BOMBAY Principal Commissioner of Income-tax, Central-2 v. JSW Steel Ltd. UJJAL BHUYAN AND MILIND N. JADHAV, JJ. IT APPEAL NO. 1934 OF 2017 FEBRUARY 5, 2020 A.R. Malhotra for the Appellant. JUDGMENT Milind N. Jadhav, J. – The present appeal under section 260A of the Income-tax Act, 1961 takes exception to the order dated 28-9-2016… Read More »
IN THE ITAT MUMBAI BENCH ‘D’ Dena Bank v. Principal Commissioner of Income-tax – 2, Mumbai G. MANJUNATHA, ACCOUNTANT MEMBER AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 2159 (MUM.) OF 2018 [ASSESSMENT YEAR 2014-15] JANUARY 23, 2020 S. Ananthan and Mrs. Lalitha Rameswaran, CA’s for the Appellant. Manoj Kumar Singh and Kumar Padmapani Bora for the Respondent. ORDER G. Manjunatha, Accountant… Read More »
The assessee is a company which is engaged in the business of real estate. The main object of the business of the company is development of real estate. It made a payment of Rs. 3.50 crores as advance to HDIL for purchase of land to construct commercial complex for the development of real estate. Since… Read More »
SUPREME COURT OF INDIA Rajasthan State Electricity Board v. Deputy Commissioner of Income Tax ASHOK BHUSHAN AND MOHAN M. SHANTANAGOUDAR, JJ. CIVIL APPEAL NO. 8590 OF 2010 MARCH 19, 2020 JUDGMENT Ashok Bhushan, J. – This appeal has been filed by the assessee challenging the Division Bench judgment dated 13-11-2007 of the High Court of Judicature for… Read More »
it is clear that as the assessee was holding more than 10% of the shares in both the companies, the provisions of section 2(22)(e) of the Act would come into play. However, the section further provides that the dividend does not include any advances or loan made to a share holder by the Company in… Read More »
HIGH COURT OF BOMBAY Commissioner of Income Tax (Exemptions) v. Mumbai Metropolitan Region Development Authority UJJAL BHUYAN AND MILIND N. JADHAV, JJ. IT APPEAL (IT) NO. 2010 OF 2017 JANUARY 24, 2020 Ashok Kotangle and Prabhakar Ranshur, Advs. for the Appellant. S.E. Dastur, Sr. Adv. Madhur Agarwal and A.K. Jasani for the Respondent. JUDGMENT 1. Heard Mr. Ashok Kotangle, learned standing counsel, Revenue for the appellant;… Read More »