Ashok Leyland Finance Ltd. vs AA and Anr.
Validity of pre-emptive purchase of immovable property-Condition precedent, Understatement of consideration-The condition precedent before passing an order of pre-emptive purchase of immovable property was that the consideration should be understated. The sa [LexDoc Id : 316228]
Ashok Leyland Finance Ltd. vs UOI and Ors.
Validity: Pre-emptive purchase of immovable property-Sale instances relied on not comparable, No payment-deposit of consideration in time-The Appropriate Authority passed under s.269UD acquiring the property on alleged under statement of sale price on some comparable cases. The cases rel [LexDoc Id : 306152]
CCE vs Virdi Brothers and Ors.
Levy of excise duty-Not applicable to components of machinery-The appeals filed by the Revenue against the exemption on excise duty granted to refrigeration plant / cold storage plant / central air conditioning p [LexDoc Id : 305622]
CIT vs NEPC India Ltd.
Reasonableness of business expenditure-Burden of proof-AY 1993-94. Where s.40A(2) was involved, the burden was on the assessee to prove that the payment made was reasonable. [case remanded to AO]
LexDoc Id : 346574]
HC (Chennai)
2006
Madhu Bala Modi vs ITO
Tax deducted at source-Refund-The tribunal directed the Assessing Officer to act upon the application made under s.154 of the Income Tax Act 1961 for rectification of mistake. The [LexDoc Id : 333443]
ITAT (Jodhpur)
2006
CIT vs Ayyanar Spinning and Weaving Mills Ltd.
Rectification of mistakes by Tribunal-Limitation for rectification orders-AY 1989-90. The limitation for passing rectification order by the Tribunal is four years from the end of the financial year in which the original orde [LexDoc Id : 332186]
CWT vs Ravi Malhotra
Challenge to AO’s jurisdiction-Objection after assessment-AY 1978-79. The challenge to AO’s jurisdiction could be made within one month from the service of notice or within one month from the date of completi [LexDoc Id : 323296]
Raj and Raj Investments vs ITO and Ors.
Validity of retention of books of accounts-Authorisation in another’s name-The retention of petitioner’s books of accounts for a period of 18 months was arbitrary and invalid, as even though the survey was conducted at the pe [LexDoc Id : 321239]
CIT vs Lakhani Rubber Udyog Ltd.
Deduction: Investment Deposit Account-Computation of profits-AY 1988-89. The deduction under s.32AB(1) of the Income Tax Act 1961 was to be computed after taking into account the business profits as computed und [LexDoc Id : 318295]
HC (Punjab and Haryana)
2006
CIT vs Gorawara Plastics and General Industries (P) Ltd.
Interest on borrowed capital-Utilisation of loan for purpose other than sanctioned-The assessee company had invested the loan taken in acquisition of shares instead of utilising the amount for its project. In fact, the assessee was a [LexDoc Id : 316678]
HC (Allahabad)
2006
Shriram Properties Ltd. vs CST and Anr.
Benefit of exemption notification-Condition precedent-A petition against an option granted to a service provider to either avail of Cenvat credit of tax paid on input services or the benefit of an exempti [LexDoc Id : 308886]
