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

M/S NANDI STEELS LIMITED vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the findings

Bench: ALOK ARADHE,R. NATARAJ

250(SC) dealt with the issue whether capital gains can be taxed in the hands of the successor company and the issue involved in aforesaid case was not in respect to whether the character of capital gains income was in fact business income. It is also pointed out that the subject matter in question in EXPRESS NEWSPAPERS supra was Section

M/S CHARISHMA HOTELS PVT LTD vs. THE INCOME TAX OFFICER

Bench: The Hon’Ble Mrs.Justice S.Sujatha

6. It is the contention of the Learned Senior counsel appearing for the petitioner that in terms of Section 250 (6A) of the Act, appeal filed by the assessee before the Appellate Authority-CIT(A) requires to be disposed of within a period of one year from the end of the financial year in which the appeal has been filed

THE COMMISSIONER OF INCOME TAX GULBARGA vs. M/S MANJUNATHA COTTON AND GINNING FACTORY

The appeals are dismissed

Bench: ARAVIND KUMAR,N.KUMAR

250/-. The assessee during the course of survey declared Rs.17,03,731/- as income representing cessation of liabilities towards creditors. In the 10 course of the assessment proceedings, the assessee was asked to file confirmation letter in respect of the creditor M/s. Sri.Gururaghavendra Cotton Ginning Factory, Bellary against whom Rs.1,00,000/- credit balance was outstanding. The assessee was requested

PR COMMISSIONER OF INCOME TAX-5 vs. M/S NOVELL SOFTWARE DEVELOPMENT (INDIA) PVT.LTD.

In the result, we do not find any merit in this appeal

Bench: ALOK ARADHE,R. NATARAJ

6 4. Learned counsel for the revenue fairly submitted that the first substantial question of law does not arise for consideration in this appeal. However, with regard to the third substantial question of law, it is submitted that the Tribunal has not considered whether the depreciation policies of the assessee are similar to that of comparables and has not given

THE COMMISSIONER OF INCOME-TAX vs. M/S ING VYSYA BANK LTD

The appeal is dismissed

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

Section 250 read with 254 of the IT Act, the CIT(Appeals) partly allowed the appeal. The assessee challenged the same in ITA No.1143/Bang/2010 for the A.Y.2004-05, before the ITAT and the same has been allowed in part by the impugned order. 4. Revenue has framed following questions in this appeal: 1 ' IT Act ' for short 2 Commissioner of Income

LANGDON & SEAH CONSULTING INDIA PRIVATE LIMITED

The appeal is dismissed

Bench: VINEET KOTHARI

Section 250 read with 254 of the IT Act, the CIT(Appeals) partly allowed the appeal. The assessee challenged the same in ITA No.1143/Bang/2010 for the A.Y.2004-05, before the ITAT and the same has been allowed in part by the impugned order. 4. Revenue has framed following questions in this appeal: 1 ' IT Act ' for short 2 Commissioner of Income

THE COMMISSIONER OF INCOME-TAX, vs. M/S CORPORATION BANK

In the result, the third substantial question of law is also answered

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

250/- was declared. The revised return was processed under Section 143(1) of the Act o 15.06.2012 and a refund of 4 Rs.133,39,33,970/- was granted. Subsequently, the assessee filed a second revised return on 11.01.2013 in which income of Rs.1367,59,11,162/- was admitted. The Assessing Officer vide order dated 19.02.2013 made an addition on account

COMMISSIONER OF INCOME TAX-III vs. M/S. ONMOBILE GLOBAL LTD

In the result, the matter is remitted to the Tribunal to

Bench: ALOK ARADHE,R. NATARAJ

6. Learned counsel for the revenue, with regard to claim of the assessee for deduction under Section 10A of the Act has submitted that the assessee is not engaged in export and is neither engaged in computer software and the sale proceeds of such exports have not been brought into India in convertible foreign exchange. Therefore, the provisions of Section

THE DIRECTOR OF INCOME TAX EXEMPTIONS vs. ISKCON CHARITIES

In the result, we do not find any merit in these appeals

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

250/- being a provision for bad and doubtful debts. The assessment was re-opened under Section 147 of the Act by issuance of notice under Section 148 of the Act dated 31.01.2007, which was served on the assessee on 02.02.2007. The assessee by a communication dated 28.02.2007, requested return of income filed on 31.03.2006 as response to notice under Section