TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

iii. Copy of the order dated 29th July, 2011 passed by the CIT(A) under Section 143(3) of the Act for the AY 2005-2006 in the case of the Appellant. iv. Copy of the order dated 30th August, 2011 passed by the CIT(A) under Section

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

iii. Copy of the order dated 29th July, 2011 passed by the CIT(A) under Section 143(3) of the Act for the AY 2005-2006 in the case of the Appellant. iv. Copy of the order dated 30th August, 2011 passed by the CIT(A) under Section

ACIT, NEW DELHI vs. M/S. FUTURZ NEXT SERVICES (P) LTD., NEW DELHI

The appeal of the assessee is partly allowed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

14 are as under:- " 12.6 The reply of assessee is carefully considered. (i) The provision of section 2(22ttet applies to closely held company the assessee company is a private company in which the public is not substantially interested. Section 2(22)(e) of the Income Tax Act. 1961 plainly seeks to bring within the tax net accumulated profits which

DCIT, NEW DELHI vs. M/S JAY METAL INDUSTRIES PVT. LTD.,, NEW DELHI

In the result, the appeal of the revenue is allowed

Bench: Shri N.K. Saini & Shri Chandra Mohan Garg

section 56(2)(iii) of the Act was not considered. Learned Departmental Representative also placed rejoinder to aforesaid contentions of the assessee and submitted that 12 Asstt.Year: 2009-10 claiming depreciation is not a sole basis or test to determine nature and taxability of rental income which had accrued to the assessee on letting of a building along with furniture

DCIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

iii) Disallowance of deduction u/s 80IA on the following items of income:- Rs.13,15,00,00/- 1. Interest from others Rs.147,86,00,000 2. Liquidated damages 3.Excess provision written back Rs.395,32,00,000 4. Rent on staff quarters Rs. 10,97,00,000 5. Sale of scrap Rs. 44,78,00,000 6. Other income Rs.118

ACIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

iii) Disallowance of deduction u/s 80IA on the following items of income:- Rs.13,15,00,00/- 1. Interest from others Rs.147,86,00,000 2. Liquidated damages 3.Excess provision written back Rs.395,32,00,000 4. Rent on staff quarters Rs. 10,97,00,000 5. Sale of scrap Rs. 44,78,00,000 6. Other income Rs.118

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. DCIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

iii) Disallowance of deduction u/s 80IA on the following items of income:- Rs.13,15,00,00/- 1. Interest from others Rs.147,86,00,000 2. Liquidated damages 3.Excess provision written back Rs.395,32,00,000 4. Rent on staff quarters Rs. 10,97,00,000 5. Sale of scrap Rs. 44,78,00,000 6. Other income Rs.118

BHARAT SANCHAR NIGAM LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

iii) Disallowance of deduction u/s 80IA on the following items of income:- Rs.13,15,00,00/- 1. Interest from others Rs.147,86,00,000 2. Liquidated damages 3.Excess provision written back Rs.395,32,00,000 4. Rent on staff quarters Rs. 10,97,00,000 5. Sale of scrap Rs. 44,78,00,000 6. Other income Rs.118

COMMISSIONER OF INCOME TAX vs. ECE INDUSTRIES LTD.

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE SURESH KUMAR KAIT

14 which delineates „Heads of Income‟. These „heads of income‟ are thereafter categorized from various parts, i.e., from (A) to (F). Income arising out of capital gains is one such head discussed in (E) starts from Section 45 and goes up to Section 55A of the Act. Section 45 defines capital gains and sub-section (1) thereof reads as under

Commissioner of Income Tax vs. ECE Industries Limited

14 which delineates „Heads of Income‟. These „heads of income‟ are thereafter categorized from various parts, i.e., from (A) to (F). Income arising out of capital gains is one such head discussed in (E) starts from Section 45 and goes up to Section 55A of the Act. Section 45 defines capital gains and sub-section (1) thereof reads as under

COMMISSIONER OF INCOME TAX DELHI-XI vs. INDIAN NATIONAL CONGRESS/ALL INDIA CONGRESS COMMITTEE

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

iii) Profits and gains of business or profession (Section 14 clause D) (iv) Capital gains (Section 14 clause E), and (v) Income from other sources (Section 14 clause F) 75. When the above heads of income are compared with the heads of exempt income under Section 13A of the Act, as far as a political party is concerned, three

INDIAN NATIONAL CONG. (I) AICC vs. C.I.T.- XI

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

iii) Profits and gains of business or profession (Section 14 clause D) (iv) Capital gains (Section 14 clause E), and (v) Income from other sources (Section 14 clause F) 75. When the above heads of income are compared with the heads of exempt income under Section 13A of the Act, as far as a political party is concerned, three

THE COMMISSIONER OF INCOME TX-IV vs. INDRAPRASTHA GAS LTD.

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

depreciated value of the building on the property which had been demolished to construct the hotel under the Collaboration Agreement dated December 18, 1976. 5. Clause (ii) of this Supplemental Agreement provided that the IHCL would pay the NDMC a sum of `12 lakhs per annum in lieu of house tax payable in respect of the hotel building. The Supplemental

CAIRN UK HOLDING LTD.,AHMEDABAD vs. DCIT (INTERNATIONAL TAXATION), NEW DELHI

In the result ground No. 5 of the appeal of the assessee is allowed

Bench: Shri H. S. Sidhu & Shri Prashant Maharishi

section 133 (6) of the act and asked details from Cairn India Limited , purchaser of the shares of Cairn India Holdings Limited. 08. The facts of the impugned transaction, undisputedly are noted by the Ld. assessing officer in para No. 7 of his order as under:- ―7. Analysis of the transaction of sale of shares of CIHL by Assessee (CUHL

INDIAN NATIONAL CONG. (I) AICC vs. C.I.T.- XI

iii) Profits and gains of business or profession (Section 14 clause D) (iv) Capital gains (Section 14 clause E), and (v) Income from other sources (Section 14 clause F) 75. When the above heads of income are compared with the heads of exempt income under Section 13A of the Act, as far as a political party is concerned, three

PATANJALI YOGPEETH (NYAS),DELHI vs. ADIT(EXEMPTION), NEW DELHI

Appeal is allowed

Bench: Shri I.C. Sudhir & Shri L. P. Sahu

section 142(2A) while confirming the order of the Assessing Officer in denying exemption under sections 11/12 of the Act. 8.2 The ld. AR on queries raised by the Bench responded that assessee trust is not running shops or distribution of products and for those shoppings and distribution and selling of products, as on commercial basis different entity is there

COMMISSIONER OF INCOME TAX vs. GOVIND NAGAR SUGAR LIMITED

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE M.L. MEHTA

III). Based on the decision of the aforesaid judgments and the circular, the ITAT reasoned as under:- “Section 80 of the Act in terms does not refer to section 32(2) which deals with unabsorbed depreciation. Therefore, it is not necessary for the carry forward of unabsorbed depreciation that the return should have been filed within the time allowed under

INCOME TAX vs. LIMITED

The appeal is dismissed

14 of 21 preceding the assessment year. Though financial year is not defined, the Act defines „Assessment Year‟ in Section 2(9) of the Act. Section 2(9) defines Assessment Year to mean the period of twelve months commencing on the 1st day of April of every year. 14.5. Thus, to our mind, it is only when the following conditions