CWT vs Prem Lata Kanodia
Valuation of assets of firm-Reference to appropriate valuation officer-AY 1987-88. The assessee was partner in a firm. The AO made reference for valuation of form's assets to the wrong DVO. The Tribunal rightly directed t [LexDoc Id : 343133]
HC (Allahabad)
2006
CIT vs Jaiswal Trading Co.
Deduction on actual payment-Sales tax paid as per sales-tax rules within due date-AY 1986-87. The sales tax collected in March 1986, was paid within due time as per sales tax rules. The amount paid could not be disallowed.
[LexDoc Id : 343131]
HC (Allahabad)
2006
CWT v Mehnga Singh
Limitation for: Wealth Tax assessment-Assessment on invalid revised return-AY 1967-68 to AY 1973-74. The assessee had filed revised returns for all the years on 28 March 1979. The revised returns were invalid. Therefore, asse [LexDoc Id : 338867]
HC (Punjab and Haryana)
2006
CWT vs Meghna Singh
Limitation for assessment of Wealth Tax-Effect of invalid revised return-AY 1967-68 to 1973-74. The original returns were filed on 28 February 1974. These were revised on 20 March 1979. The original returns were belated. Th [LexDoc Id : 325316]
HC (Punjab and Haryana)
2006
S.A. Builders (P) Ltd. vs CIT
Non-deduction of TDS on credits-Interest chargeable-AY 1984-85 to 1986-87. The assessee had not deducted TDS on interest payable and credited to the accounts of the payers. The interest was chargeable e [LexDoc Id : 325315]
HC (Punjab and Haryana)
2006
CIT vs Poddar Swadesh Udyog (P) Ltd.
Powers of CIT(A), Duty of CIT(A)-Admission of additional evidence-AY 1992-93. The AO had made an addition of Rs.5272 lakhs as purchases from nine parties, which were not proved. The CIT(A) deleted the addition by per [LexDoc Id : 325299]
HC (Gauhati)
2006
CIT vs Rekha Lands (P) Ltd.
Penalty: Concealment of income-Bona fide belief of assessee-AY 1980-81. The assessee was in the business of sale of properties. Since the advance received by it on sale had been assessed as its business income, [LexDoc Id : 321243]
HC (Punjab and Haryana)
2006
General Glass Co. (P) Ltd. vs DCIT
Accrual of capital gains-Deemed transfer, Transferee unwilling to make payments-AY 1995-96. The assessee company, vide an agreement dated November 1994, decided to sell a plot of land for which it received earnest money and the ba [LexDoc Id : 320943]
