Lachman Dass Bhatia Hingwala (P) Ltd. vs ACIT
Powers of Tribunal-Review or recall of an order-The Tribunal would be empowered to recall its order if there is a manifest error. The entire order can be recalled if the Tribunal is satisfied that p [LexDoc Id : 400488]
ACIT vs UE Trade Corpn. India (P) Ltd.
Arm's length price-Powers of TPO v. Powers of AO-Law applicable-AY 2003-2004. Where the TPO fails to make a report on arm's length price after reference from AO, the AO has jurisdiction to determine arm's length pr [LexDoc Id : 399518]
CIT vs Bihar Foundry and Castings Ltd. and Aarvee Industries Ltd.
Deduction on actual payment-Deferrment of sale-tax-The state Govt deferred payment of sales-tax. It was actual payment. No disallowance u/s 43B.
[Circular No.674 dt. 29.12.93 applied]
s. [LexDoc Id : 417261]
Nirmal Ahluvalia vs O. Meenakshi
Dishonour of cheque: Mere averment that accused was also jointly and severally liable as director not sufficient to fasten vicarious liability under s.141-Averment showing only chairman-cum-director in charge of and responsible for conduct of company’s business, No liability against petitioner as director of company, Proceedings against petitioner quashed-The petitioner was the mother of the chairman-cum-director of the company. The chairman-cum-director placed orders on behalf of the company for supply [LexDoc Id : 410293]
JCIT vs Arathi Shenoy and Ors.
Income : Capital receipts-Share of profit from firm pending disolution of firm-The assessee was apartner in a firm. He received hid share of profit for 234 days pending dissolution of firm by courts order. It was his taxable inco [LexDoc Id : 408802]
HC (Karnataka)
2010
ADIT and Ors. vs Apparasu Ravi
Residence - Citizen of India-Stay in India-The assessee was in India for 365 days in past 4 years and for 96 days in the previous year. He was resident in India
S.6(1)(c), Expln. of the In [LexDoc Id : 407562]
ABN Amro Bank vs CIT
Computation of : income of Indian branch-Interest paid to head office-The assessee was the bank of Netherland. Its Indian branchpaid interest to it. the interest received was not chargeable to tax. The interest paid was [LexDoc Id : 405086]
