CIT vs Sociedade de Fomento Industrial Ltd.
Business Profits- Interest as business income-Interest on deposits-The assessee was mining and exporting iron ore. The activity of making deposits for interest was part of its business activity. It was so found by Tri [LexDoc Id : 400407]
Aurora Educational Society vs Chief CIT and Ors.
Condonation of delay-Law applicable- proviso xiv to S. 10(23C)-The delay in application under s.10(23C) could not be condoned after insertion of proviso xiv.
Proviso xiv, S.10(23c) of the Income Tax Act 1961 [LexDoc Id : 422491]
S.M. Patel Iron Traders (P) Ltd. vs Sugam Construction (P) Ltd.
Summary jurisdiction of company court-Company court not competent to try triable issues in summary jurisdiction-The company court in its summary jurisdiction was not competent to try triable issues. All that it could see was whether the company sought to be woun [LexDoc Id : 409847]
Kotak Mahindra Bank Ltd. vs Hermonite Associates Ltd. and Anr.
Winding up petition: Failure to serve notice on advocates of company-Failure not amounting to fraud-Failure to serve notice on the advocates of the respondent appearing before the DRT would not amount to fraud. It might have been advisable and pruden [LexDoc Id : 402932]
Arif Akhatar Hussain and Jaffar Akhatar Hussain vs ITO
Capital gains - transfer of immovable property-Transfer of: development rights-A.Y.2006-2007. The assessee agreed with the developer for development of his property for consideration of Rs.63 lakhs. The property was valued at Rs4 [LexDoc Id : 400704]
