The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

6 of 41 C/TAXAP/194/2008 JUDGMENT 12. Once purchases and subsequent sales are beyond  doubt,   there   is   no   way   one   can   wish   away  transactions   involved   to   be   not   genuine,   the  element   of   profit   or   loss   notwithstanding.   I  therefore,   hold   that   these   purchases   and   sales  have   genuinely   taken   place   and   the   short   term  capital loss claimed by the assessee is genuine

The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises

Bench: The Learned

6. The AO passed an assessment order dated 27.03.2015 under Section 153A read with Section 143(3) of the Act restricting the deduction under Section 54F to ₹30 crores, as against ₹90 crores claimed by the Assessee. 7. The Assessee had deposited the consideration in the capital gains account in two tranches – ₹30 crores on 28.07.2011 and ₹60 crores

The Commissioner of Income Tax - III, vs. M/s. Suven Pharmaceuticals Limited,

Appeals are dismissed

250 or  section 254 or section 260 or section 262 or  section 263 or section 264 or an order of the  Settlement Commission under sub­section (4)  of section 245D, the amount on which interest  was   payable   under   sub­section   (1)   or   sub­ section (3) has been increased or reduced, as  the   case   may   be,   the   interest   shall   be  increased or reduced

The Commissioner of Income Tax III, vs. M/s. Swagath Seeds Private Limited

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

capital gains to the tune of Rs.2,94,600/- is acceptable. 5. It is also pointed out that the assessee submits with regard to addition as “income from other sources” to the tune of Rs.84,61,055/- also be accepted. It is also pointed out from the Remand Report by the counsel for the assessee that the Assessing Officer

The Commissioner of Income tax vs. M/s. ragamayee bAr AND Restaurant,

The appeals stand dismissed

Bench: V.V.S.RAO,RAMESH RANGANATHAN

capital gains; or (b) income of the nature referred to in sub-clause (ix) of clause (24) of section 2, (c) income under the had “Profits and gains of business or profession” in case where the income accrues or arises under the said head for the first time, and the assessee has paid the whole of the amount

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

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

M/s Durga Granites, vs. The Assistant Commissioner of Income Tax, Circle - 1,

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

6, 7, 9, 12, 16 & 25, P.O. Maluti, P.S. Shikaripara, District- Dumka, PIN 816103, (Jharkhand), through its Director, namely Ganesh Nagaraj, aged about 60 years, son of Ramaya Nagaraj, resident of Flat No. A 203, Hidden Treasurer Apartment, Raj Bhavan Road, Ayyappa Swamy Temple Lane, P.O. Somajiguda, P.S. Somajiguda, District Hyderabad, PIN 500082, (Andhra Pradesh). ..........Petitioner. -Versus- 1. The State