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HC - 'Genuine hardship' u/s 119(2)(b) should be construed liberally, particularly in matters of entertaining of applications seeking condonation of delay
Artist Tree Pvt Ltd vs. CBDT
(2014) TaxCorp(LJ) 4630 (HC-BOMBAY)
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HC - Tribunal and parties "comrades in arms" to achieve justice, mistake from any source should be considered by Tribunal u/s 254(2)
Supreme Industries Ltd. vs ADIT
(2014) TaxCorp(LJ) 4628 (HC-BOMBAY)
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HC - Applicability of Transfer Pricing provisions in case of issue of shares
Shell India Markets (P.) Ltd. v. Assistant Commissioner of Income-tax, LTU
(2014) TaxCorp(LJ) 4618 (HC-BOMBAY) · http://taxcorp.in/FileOpenINTL.aspx?ID=7627&Category=INTLDecisions&CategoryType=Zip
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S. 220(6): Law laid down on the guidelines that have to be followed while considering a stay application
Slum Rehabilitation Authority vs. DDIT
(2014) TaxCorp(LJ) 4615 (HC-BOMBAY) · Section 220(6)
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S. 147: A writ petition is not like an appeal where the assessee has a statutory right to require the Court to entertain the challenge. A writ will be maintained only if the notice is clearly without jurisdiction & not otherwise
Nickunj Eximp Enterprises Pvt. Ltd vs. ACIT
(2014) TaxCorp(LJ) 4614 (HC-BOMBAY) · Section 147
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S. 220(6): Parameters to be considered in deciding a stay application laid down
Mumbai Metropolitan Region Development Authority vs. DDIT
(2014) TaxCorp(LJ) 4613 (HC-BOMBAY) · Section 220(6)
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S. 147/ 150(1): A "finding" is one that is necessary for the disposal of an appeal in respect of an assessment of a particular year
Eskay K’n’ IT (India) Ltd vs. DCIT
(2014) TaxCorp(LJ) 4611 (HC-BOMBAY) · Section 147, 150(1)
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S. 119(2)(b): The expression 'genuine hardship' should be construed liberally, particularly in matters of entertaining of applications seeking condonation of delay.
Artist Tree Pvt. Ltd vs. CBDT
(2014) TaxCorp(LJ) 4610 (HC-BOMBAY) · Section 119(2)(b)
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S. 147: The words “failure to disclose material facts" is not a magician's mantra & the failure to use those words will not by itself oust jurisdiction to reassess if the reasons as a whole implies a failure to disclose material facts
Allanasons Limited vs. DCIT
(2014) TaxCorp(LJ) 4609 (HC-BOMBAY) · Section 147
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HC - Books of account could not be rejected casually; Procedure of sec. 145(3) must be followed
COMMISSIONER OF INCOME TAX Vs TELETRONICS DEALING SYSTEMS P LTD.
(2014) TaxCorp(LJ) 4605 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=58503&Category=Judgment&CategoryType=Zip
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HC – Acceptance of Assessee is itself sufficient tangible material for AO to reopen assessment
POWERDEAL ENERGY SYSTEMS (I) PVT LTD Vs ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4599 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=4225&Category=Landmark&CategoryType=Zip
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HC - Since efficacious alternate remedy to go before Tribunal is present under the Act, writ is dismissed
Congnizant India Pvt. Ltd. vs. ACIT
(2014) TaxCorp(LJ) 4581 (HC-BOMBAY)
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S. 254: ITAT cannot decline to admit additional ground of appeal on the ground that it would in any case be answered against the appellant on merits
Jehangir H C Jehangir vs. ITO
(2014) TaxCorp(LJ) 4571 (HC-BOMBAY) · Section. 254
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HC - Sec 244A interest available on excess payment of self-assessment tax as it is a discharge of statutory 'obligation'
Stock Holding Corporation of India Ltd. vs. CIT
(2014) TaxCorp(LJ) 4553 (HC-BOMBAY) · Section. 244A
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HC - Sec 142(1) notice issued subsequent to reopening of assessment valid
HDFC Bank Ltd vs ACIT
(2014) TaxCorp(LJ) 4550 (HC-BOMBAY) · Section. 142(1)
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HC - Section 80HHC(3) deduction is to be computed after setting off of the unabsorbed investment allowance u/s 32A(3)
CIT vs V.M. Salgaonkar & Bros (P) Ltd.
(2014) TaxCorp(LJ) 4547 (HC-BOMBAY) · Section. 80HHC
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HC - Interest income arising from surplus funds assessable as business income eligible for sec. 80HHC benefit
CIT vs. V.S. Dempo & Company Ltd.
(2014) TaxCorp(LJ) 4543 (HC-BOMBAY) · Section. 80HHC
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S. 244A: Refund of self-assessment tax is entitled to interest
The Stock Holding Corporation of India vs. CIT
(2014) TaxCorp(LJ) 4540 (HC-BOMBAY) · Section 244A
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S. 255(3): Action of ITAT President in forming Special Bench lacking in propriety
Jagati Publications Ltd vs. ITAT
(2014) TaxCorp(LJ) 4537 (HC-BOMBAY) · Section 255(3)
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S. 80IB(10): Super built-up area cannot be equated with built-up area
CIT vs. Hermes Developers
(2014) TaxCorp(LJ) 4536 (HC-BOMBAY) · Section 80IB(10)
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