As per the Hon’ble Madras High Court, the income earned from letting-out of warehouse and godown was chargeable under the head ‘income from business’ having regard to the facts and circumstances of the case. In the case before the Hon’ble High Court, assessee was engaged in the business of warehousing, handling and transport business and… Read More »
[2010] 42 SOT 59 (DELHI) IN THE ITAT DELHI BENCH ‘E’ Deputy Commissioner of Income-tax, Central Circle-11, New Delhi v. Mayawati R.P. TOLANI, JUDICIAL MEMBER AND SHAMIM YAHYA, ACCOUNTANT MEMBER IT APPEAL NOS. 4259/DELHI/2007 AND 2078 & 2079/DELHI/2009 AUGUST 27, 2010 S.D. Kapila and R.R. Maurya for the Appellant. Dr. Rakesh Gupta, Dr. R.K. Agarwal, Ashwani Taneja and Tarun Kumar for the… Read More »
IN THE ITAT DELHI BENCH ‘A’ Abhinav Bindra v. Deputy Commissioner of Income-tax, Central-2, Dehradun G.D. AGRAWAL, VICE-PRESIDENT AND R.P.TOLANI, JUDICIAL MEMBER IT APPEAL NO. 2219 (DELHI) OF 2013 [ ASSESSMENT YEAR 2009-10 ] JULY 26, 2013 Ashwani Kumar for the Appellant. Bhim Singh for the Respondent. ORDER G.D. Agrawal, Vice-President – This appeal by the assessee is directed against… Read More »
HIGH COURT OF KARNATAKA Habitat Shelters (P.) Ltd. v. Principal Commissioner of Income Tax, Bangalore DR. VINEET KOTHARI, J. WRIT PETITION NO. 2009 OF 2018 (T – RES) FEBRUARY 12, 2018 Anirudha R.J. Nayak, Adv. for the Petitioner. ORDER 1. The petitioner-M/s.Habitat Shelters Private Limited has filed this Writ Petition aggrieved by the directions of holding… Read More »
IN THE ITAT KOLKATA BENCH ‘D’ Mangilall Estates (P.) Ltd. v. Deputy Commissioner of Income tax, Central Circle-1(3), Kolkata ABY T. VARKEY, JUDICIAL MEMBER AND WASEEM AHMED, ACCOUNTANT MEMBER IT APPEAL NO. 156 (KOL.) OF 2015 [ASSESSMENT YEAR 2012-13] FEBRUARY 21, 2018 Subash Agarwal, Adv. for the Appellant. A.K. Tiwari, CIT-DR for the Respondent. ORDER Waseem Ahmed, Accountant Member –… Read More »
HIGH COURT OF HYDERABAD Pendurthi Chandrasekhar v. Deputy Commissioner of Income tax C.V. NAGARJUNA REDDY AND CHALLA KODANDA RAM, JJ. IT APPEAL NOS. 701 AND 702 OF 2016 FEBRUARY 23, 2018 JUDGMENT C.V. Nagarjuna Reddy, J.— As the parties to these appeals are common and the subject matter is connected in both the cases, though not identical,… Read More »
HIGH COURT OF DELHI Virag Tiwari v. Principal Commissioner of Income-tax SANJIV KHANNA AND MS. PRATHIBA M. SINGH, JJ. WRIT PETITION (CIVIL) NO. 6312 OF 2017 MARCH 12, 2018 Balbir Singh, Sr. Adv. Rajesh Jain and Ms. Rubal Bansal, Advs. for the Petitioner. Zoheb Hossain, Sr. Standing Counselfor the Revenue. ORDER Sanjiv Khanna, J. – The writ petitioner, an advocate by profession and… Read More »
CBDT Circular are Binding on Revenue J.C.I.T. Vs. M/s. Celica Developers Pvt. Ltd. (ITAT Kolkata) Appeal Number : ITA No. 658/Kol/2016 Date of Judgement/Order : 21/11/2017 Related Assessment Year : 2007- 08 Summary of Decision : J.C.I.T. Vs. M/s. Celica Developers Pvt. Ltd. (ITAT Kolkata) It is a settled law that the Circulars issued by CBDT… Read More »
IN THE ITAT MUMBAI BENCH ‘A’ Heddle Knowledge (P.) Ltd. v. Income Tax Officer, Ward- 8 (1) (4), Mumbai G.S. PANNU, ACCOUNTANT MEMBER AND RAM LAL NEGI, JUDICIAL MEMBER IT APPEAL NO. 7509 (MUM.) OF 2011 [ASSESSMENT YEAR 2009-10] JANUARY 19, 2018 Pavan Ved for the Appellant. Rajesh Kumar Yadav for the Respondent. ORDER G.S. Pannu, Accountant Member – The… Read More »
Issue Assessing Officer in disallowing the claim of Depreciation amounting to Rs. 91,87,713/- on the alleged plea that the Film Projector is to be depreciated @ 15% instead of 60%, IN THE ITAT MUMBAI BENCH ‘SMC’ Cinetech Entertainment India (P.) Ltd. v. Income Tax Officer, Ward- 16 (1) (1), Mumbai SHAMIM YAHYA, ACCOUNTANT MEMBER IT… Read More »