M/s.V.R.Farms Pvt Ltd vs. Deputy Commissioner of Income Tax

The appeals are dismissed

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

depreciation. The rate of minimum tax was kept at a modest figure deeming 30 per cent of book profits as total income. This modest amount is likely to go down further with the downward revision of corporate tax rate to 35 per cent and abolition of surcharge. xxxx xxxx xxxx xxxx 45.4 The Act also inserts a new section 115JAA

THE COMMISSIONER OF INCOME TAX-III vs. M/S. SOMA ENTERPRISES LTD

The appeal is disposed off accordingly

Bench: The Hon'Ble Mr. Justice Ravi Malimath

5 payments made to the doctors as envisaged under Section 194J of the Act. Therefore, an amount of Rs.65,32,000/- was disallowed by invoking Section 40(a)(ia) of the Act. On the very same reason, an amount of Rs.45,69,998/- was disallowed on account of operation management service charges. 6. Aggrieved by the same, an appeal

J.ADITYA RAO, REP.BY GPA HOLDER vs. THE ASST.CODMMISSINER OF INCOME TAX,HYD

Bench: C.V.NAGARJUNA REDDY,T.AMARNATH GOUD

depreciation made vide its letter dated 18.2.`1997 in the course of assessment proceedings, only on the ground that no revised return was filed under section 139(5

The Comissioner of Income Tax III, vs. Smt. Shanti Singh,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

139 has not e relating to such incom the books of account a in the normal course search or requisition r (e) where any order of se sub-section (4) of sect order; (f) where an assessment o made earlier under c the basis of such asses Explanation. For the purposes income,- (a) the total income

THE COMMISSIONER OF INCOME TAX-IV vs. M/S QUALITY CARE INDIA LTD

Bench: A.SHANKAR NARAYANA,V RAMASUBRAMANIAN

5. The reason for reopening of the assessment was that while initiating proceedings under Section 147, an amount of Rs.4,73,75,000/- was identified to the assets acquired, which had been capatilized. Therefore, after the total payment of interest to the tune of Rs.6,99,76,000/-, a balance of Rs.2,26,01,000/- had been charged

The Commissioner of Income Tax -V, vs. M/S Secunderabad Club

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

5 of 10 live link between the material coming to the notice of the Income Tax Officer and the formation of his belief that there has been escapement of the income of the assessee from assessment in the particular year because of his failure to disclose fully and truly all material facts. The powers of the Income Tax Officer

Principal Commissioner of Income Tax - 5 vs. M/s Vijay Textiles Limited

The appeal is dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

139 MNJ 94 DATED 5-1-1995. II. The First Party has offered to the Second Party or his nominees the Joint development rights of the above Survey Numbers which offer the Second Party has accepted in good faith and on the above representations of the First Party. 9 III. This MOU is being signed by the parties broadly setting

The Commissioner of Income Tax-V vs. Smt.R.Amala Devi

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

depreciation of assets in dispute. It is argued that the explanation of assessee that he had previously acquired the assets on hire basis in order to run the business smoothly and to save cost, which were later on acquired by the ITA No.15/2009 6 assessee was rightly not accepted by the Assessing Officer as also by both the appellate authorities

COMMISSIONER OF INCOME TAX-II vs. M/S.TRANSPORT CORPORATION OF INDIA

In the result, we set aside the assessment orders, except to

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

139, 140 and 142 of 2014 -------------------------------------------------- DATED THIS THE 19th DAY OF SEPTEMBER, 2014 JUDGMENT ANTONY DOMINIC , J . These are appeals filed by the assessee under the Income-tax Act, challenging the orders of the Commissioner of Income-tax (Appeals), Kochi and the Income-tax Appellate Tribunal, Kochi concerning the assessment years