Kachwala Gems vs JCIT
Best judgment assessment-Non-maintenance of proper accounts-AY 1996-97, 1997-98. The best judgment assessment initiated on the grounds that the assessee did not maintain quantitative stock register or details, [LexDoc Id : 305782]
K.G. Bindu vs P. Sreekantan Nair and Anr.
Dishonour of cheque-Aid of handwriting expert-A dishonoured cheque was sent to an expert for comparing the handwriting on the cheque with other specimen writings in order to confirm execution of t [LexDoc Id : 324456]
HC (Kerala)
2006
CIT vs S. Hoshnak Singh (HUF)
Cost of acquisition-Agricultural land allotted in lieu of land in Pakistan-AY 1972-73. The assessee was alloted certain agricultural land in lieu of such land left by him in Pakistan. The said land became capital asset w.e.f [LexDoc Id : 324224]
R and B Falcon (A) Pvt. Ltd. vs CIT
FBT on non-resident company-Travelling expenses of expatriate staff-
The applicant, a non-resident company, was engaged in the business of providing mobile offshore drilling rigs. The expenses incurred by it on transp [LexDoc Id : 315338]
Reach Cable Networks Ltd. vs DDIT
Procedure for assessment-Opportunity to assessee: Supply of copies of documents relied on-Inspite of repeated requests the AO did not supply the copies of documents relied on for initiating re-assessment proceedings. The said document was p [LexDoc Id : 334302]
HC (Delhi)
2006
CIT vs Abdul Rahman Industries
Deduction: Income from exports-Business income: Unclaimed trade balances written back-AY 1993-94. There were outstanding credits in the books of accounts for purchase of goods. These balances representing credit balances were written ba [LexDoc Id : 327146]
HC (Chennai)
2006
Fathudhinga Rice Mills vs CIT
Appeal to High court-Computation of unaccounted income-AY 1993-94. During the search under s.132, certain notebook was found which showed unaccounted sales. The CIT(A) worked out peak of the unaccounted sa [LexDoc Id : 325310]
HC (Punjab and Haryana)
2006
CIT vs Punjab Tractors Ltd.
Total turnover-Excise duty and Sales tax-AY 1998-99. The amount of excise duty and sales tax could not be included in the total turnover for computing deduction under s.80HHE.
CWT vs Standard Fireworks (P) Ltd.
Wealth tax- Exemption-Land used for business-AY 2001-02. The assessee had held certain land which was used a a godown for storage of its products. The said land was in fact sold after 31 March 20 [LexDoc Id : 324221]
HC (Chennai)
2006
Motor Industries Co. Ltd. vs UOI and Ors.
Maintainability of writ petition-Notification of bonds for exemption from capital gains-AY 2007-08. The investment in notified bonds issued under s.54EC of the Income Tax Act 1961 would make the assessee exempt from capital gains. However [LexDoc Id : 316673]
