The Commissioner of Income Tax - I vs. Aditya Music (India) Ltd.

Section 41(1) of the Act specifically speaks inter alia of a deduction made in the assessment for any year in respect of a trading liability incurred by the ITA.No.248 of 2012 - 5 - assessee to be deemed to be profits and gains of business or profession and accordingly chargeable to income tax. In the subject assessment year, obviously

The Commissioner of Income Tax IV vs. Shri Raaj Kumar Jain

Section 27 begins with a proviso and states that when any fact is deposed to as discovered, in consequence of information received from a person accused of any offence, in the custody of a police officer, so much of such information as relates distinctly to the fact thereby discovered may be proved, 49 whether it amounts to a confession

The Commissioner of Income Tax (Central) vs. M/s Hyderabad House Pvt Ltd.,

capitalizing it with the multiplier of 14 on the basis of age of the claimant mother (44 years old) in view of dicta in Amrit Bhanu Shali & Ors. v. National Insurance Co. Ltd., (2012) 11 SCC 738. 14. The claimants by their appeal (MAC appeal No. 881/2015) submit that the non-pecuniary heads of damages have not been property taken

M/s. Canara Securities Ltd vs. Dy. Commissioner of Income Tax

Bench: M.S.RAMACHANDRA RAO,T.AMARNATH GOUD

Section 178 of the Companies Act, 2013. Therefore, the Chairman of the company, HVL cannot arrogate unto himself the power to cause such appointment when such power ultimately rests with the Board of Directors. The observation of the two Joint APLs that the evident performance of BCrL, the flagship company of MP Birla Group is deteriorating ever since, HVL became