Commissioner of Income Tax vs. ECE Industries Limited

55A of the Act. Section 45 defines capital gains and sub-section (1) thereof reads as under: “Section 45 (1) (1) Any profits or gains arising from the transfer 737 of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H be chargeable to income

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE SANJEEV SACHDEVA

Sections 45 to 55A), scheme of merger or amalgamation is not treated as transfer. The respondent assessee cannot^and should not be allowed depreciation

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

Sections 45 to 55A), scheme of merger or amalgamation is not treated as transfer. The respondent assessee cannot^and should not be allowed depreciation

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

Sections 45 to 55A), scheme of merger or amalgamation is not treated as transfer. The respondent assessee cannot^and should not be allowed depreciation

COMMISSIONER OF INCOME TAX-II vs. MIRA EXIM

Sections 45 to 55A), scheme of merger or amalgamation is not treated as transfer. The respondent assessee cannot^and should not be allowed depreciation

DEEPIKA JAIN vs. INCOME TAX APPELLATE TRIBUNAL

The appeals are disposed of

depreciation which should have been at least 50% and not 22.5%. Further, the comparable rates were taken of properties which were 3 side open properties, whereas the property in question was open on 2 sides, for which at least 5% deduction, if not more, was required to be made but this distinguishing aspect was ignored. Other aspects were also highlighted

DEEPIKA JAIN vs. INCOME TAX APPELLANT TRIBUNAL

The appeals are disposed of

depreciation which should have been at least 50% and not 22.5%. Further, the comparable rates were taken of properties which were 3 side open properties, whereas the property in question was open on 2 sides, for which at least 5% deduction, if not more, was required to be made but this distinguishing aspect was ignored. Other aspects were also highlighted

CAIRN INDIA LTD.,GURGAON vs. DCIT, GURGAON

In the result, the appeal of the assessee in ITA Nos

Bench: Shri N.K. Billaiya & Ms. Suchitra Kamble[A.Y 2011-12] & [A.Y 2012-13] Cairn India Ltd., Vs. The A.C.I.T, Dlf Atria Building, Circle-1(1), Jacaranda Marg, N Block, Gurgaon. Dlf City Phase Ii, Gurgaon. [Pan: Aaccc 8799D] [Appellant] [Respondent] Date Of Hearing : 17.10.2018 Date Of Pronouncement : 24.10.2018 Assessee By : Shri Ajay Vohra, Sr. Adv Shri Ravi Sharma, Adv

depreciation cost and capacity increase have contributed to the continuous losses. The comparative position over a period of 5 years from 1998 to 2003 with relevant figures have been given before the CIT (Appeals) and they are referred to in a tabular form in his order in paragraph 5.5.1. In fact there are four tabular statements furnished by the assessee

ACIT, NEW DELHI vs. M/S R. INFOSYSTEMS PVT. LTD., NEW DELHI

The appeal of the Revenue is dismissed

Bench: Ms. Suchitra Kamble & Shri Prashant Maharishiacit Vs R. Infosystems Pvt. Ltd., Circle-3, Room No. 332, B-319, Okhla Industrial Ara Centre, Jhandewalan Extn. Area, Phase-1, New Delhi. New Delhi. Pan No. Aaccr8053M Appellant Respondent

55A for ascertainment of fair market value of the property. When the registration value has not the disputed question, now, at this stage, it is not permissible for the assessee to contend that the registration value is excessive and disproportionate to the market value of the property. In the absence of contra material, the deemed full value of consideration

JINDAL STAINLESS LTD.,HISAR vs. DCIT, NEW DELHI

Accordingly, ground number 2 of the appeal of the learned AO for 2007 – 08 is dismissed

Bench: Smt Diva Singh & Shri Prashant Maharishi

Section 92(4) of the Act). 137. The question of aggregation and disaggregation of transactions when the TNM Method or even in other methods is sought to be applied, must have reference to the strength and weaknesses of the TNM Method or the applicable method. Aggregation of transactions is desirable and not merely permissible, if the nature of transaction

DCIT, NEW DELHI vs. M/S JSL LTD.,, HISAR

Accordingly, ground number 2 of the appeal of the learned AO for 2007 – 08 is dismissed

Bench: Smt Diva Singh & Shri Prashant Maharishi

Section 92(4) of the Act). 137. The question of aggregation and disaggregation of transactions when the TNM Method or even in other methods is sought to be applied, must have reference to the strength and weaknesses of the TNM Method or the applicable method. Aggregation of transactions is desirable and not merely permissible, if the nature of transaction

COMMISSIONER OF INCOME TAX-I vs. COTTON NATURALS (I) PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

section 92C, the arm's length price in relation to an international transaction 55a[or a specified domestic transaction] shall be determined by any of the following methods, being the most appropriate method, in the following manner, namely :— (a) comparable uncontrolled price method, by which,— (i) the price charged or paid for property transferred or services provided in a comparable