KIDS CLINIC INDIA PRIVATE LIMITED

Bench: KRISHNA S DIXIT

6. Treating such phased allotment of shares as non-compliance with the Proviso clause – (b) of Section 47(xiii) of the Act, the Assessing Authority imposed the Date of Order: 23-07-2018. ITA No.884/2007 c/w ITA No.60/2015 The Commissioner of Income Tax & Anr. Vs. M/s Prakash Electric Company 8/30 capital gains tax on the Partnership Firm vide Assessment Order

THE COMMISSIONER OF INCOME TAX vs. M/S. ABB LTD

In the result, appeal stands dismissed

Bench: S.SUJATHA,RAVI V HOSMANI

6 - Rs.53.10 Crores as long term capital gain and brought the entire sum of Rs.33.21 Crores received towards non- competition fee and interest as income from other sources. The Tribunal erred in setting aside the addition made by the Assessing Authority with regard to non- competition fee of Rs.30 Crores as revenue receipt, though the same satisfies the ingredients

COMMISSIONER OF INCOME TAX vs. M/S.WINTAC LTD.,

The appeal is allowed in part

Bench: B.MANOHAR,DILIP B.BHOSALE

6 of the judgment reads as under: Two questions arose for determination, namely, whether the amounts received by the appellant for loss of agency was in 24 normal course of business and therefore whether they constituted revenue receipt ? The second question which arose before this court was whether the amount received by the assessee (compensation) on the condition

M/S TEJAS NETWORKS LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

In the result, I proceed to pass the following:

Bench: The Hon’Ble Mr.Justice Aravind Kumar

gains of business or profession. 43. In sections 28 to 41 and in this section, unless the context otherwise requires— (1) "actual cost" means xxx section 47. (2) "paid" means actually xxx profession. (3) "plant" includes xxx fittings. (4)[(i) "scientific research" means any activities for the extension of knowledge in the fields of natural or applied science including agriculture

PR COMMISSIONER OF INCOME TAX vs. M/S IND SING DEVELOPERS P LTD

The appeal is dismissed

Bench: B.V.NAGARATHNA,JAYANT PATEL

6 hereof. 8.3 The amount payable to the First Party under Article 8.1 be paid together with the sale price of the land after the completion of each phase of the development in all respects as per the statement of accounts duly audited by a reputed firm of Chartered Accountants appointed by the Second Party. ARTICLE 9 For the purpose

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

43 of the Act, according to which, it would be actual payment made or liability incurred. According to the appellant- Revenue, the liability of the assessee arose on the date when it was responsible/liable to pay as per the agreement, and not on the date of transfer of the technical know-how. 22. Per contra, learned counsel for the respondent

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD

Bench: B.MANOHAR,VINEET SARAN

43 of the Act, according to which, it would be actual payment made or liability incurred. According to the appellant- Revenue, the liability of the assessee arose on the date when it was responsible/liable to pay as per the agreement, and not on the date of transfer of the technical know-how. 22. Per contra, learned counsel for the respondent

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

43 of the Act, according to which, it would be actual payment made or liability incurred. According to the appellant- Revenue, the liability of the assessee arose on the date when it was responsible/liable to pay as per the agreement, and not on the date of transfer of the technical know-how. 22. Per contra, learned counsel for the respondent

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

43 of the Act, according to which, it would be actual payment made or liability incurred. According to the appellant- Revenue, the liability of the assessee arose on the date when it was responsible/liable to pay as per the agreement, and not on the date of transfer of the technical know-how. 22. Per contra, learned counsel for the respondent

COMMISSIONER OF INCOME-TAX vs. M.R.PRABHAVATHY

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

COMMISSIONER OF INCOME vs. SHRI. M.R. SEETHARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

THE COMMISSIONER OF INCOME-TAX vs. M.R.ANANDARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

COMMISSIONER OF INCOME TAX vs. M.R.KODANDARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

COMMISSIONER OF INCOME-TAX vs. M.R.PATTABHIRAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

COMMISSIONER OF INCOME vs. M.R.PADMAVATHY TRUST

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

gains. 7. Opposing the appeals, Shri. A. Shankar, learned Senior Advocate submitted that: • though the lands were converted in 2004, assessees have not diverted the use of land but continued their agricultural operation. 4 Bangalore International Area Plan Approval Authority I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 14 They have offered huge sums of income as 'agricultural income

COMMISSIONER OF INCOME TAX (CENTRAL) vs. M/S. BAGMANE DEVELOPERS PVT LTD

Bench: ARAVIND KUMAR,JAYANT PATEL

6 D.V.RAMAKRISHNA AGED ABOUT 43 YEARS S/O SRI VENKATARAMANAPPA) …APPELLANT (By Sri CHYTHANYA K K, ADV.) AND: THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3) CR BUILDINGS, QUEENS ROAD BANGALORE-560 001. ... RESPONDENT (By Sri K.V.ARAVIND A/W Smt E I SANMATHI, ADVS.) THIS ITA IS FILED UNDER SEC.260-A OF I.T. ACT 1961, ARISING OUT OF ORDER DATED 03/12/2010

M/S BAGMANE DEVELOPERS PVT LTD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Bench: ARAVIND KUMAR,JAYANT PATEL

6 D.V.RAMAKRISHNA AGED ABOUT 43 YEARS S/O SRI VENKATARAMANAPPA) …APPELLANT (By Sri CHYTHANYA K K, ADV.) AND: THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3) CR BUILDINGS, QUEENS ROAD BANGALORE-560 001. ... RESPONDENT (By Sri K.V.ARAVIND A/W Smt E I SANMATHI, ADVS.) THIS ITA IS FILED UNDER SEC.260-A OF I.T. ACT 1961, ARISING OUT OF ORDER DATED 03/12/2010

THE PR COMMISSIONER OF vs. M/S MPHASIS LIMITED

Bench: The Hon'Ble Mr. Justice M. Nagaprasanna

capital gains amounting to certain amounts all through banking transactions with the stock brokers in relation to the advice the stock brokers had rendered. The stocks vary from JMD Telefilm Industries, Splash Media, Essar India and Alpha. Trading is both by the individuals and by the companies. But, the moment it is brought to the notice of all these petitioners