Commissioner of Income Tax -II vs. The Agrasen Coop. Urban Bank Ltd.,

In the result, for the above reasons, these appeals fail and

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

56 of the said Act. The SLR, cash reserve or reserve fund required to be maintained by a scheduled bank or a cooperative bank under the provisions of the RBI Act or the BR Act as referred to herein above, are all the activities which are part of business of banking. The non-SLR and non-reserve fund is stock

Commissioner of Income Tax-II, vs. M/S The A.P.Mahesh Coop. Urban Bank Ltd,

In the result, for the above reasons, these appeals fail and

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

56 of the said Act. The SLR, cash reserve or reserve fund required to be maintained by a scheduled bank or a cooperative bank under the provisions of the RBI Act or the BR Act as referred to herein above, are all the activities which are part of business of banking. The non-SLR and non-reserve fund is stock

COMMISSIONER OF INCOME TAX-II, HYDERABAD vs. M/s. The A.P.Vardhaman(Mahila)Cooperative Urban

In the result, for the above reasons, these appeals fail and

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

56 of the said Act. The SLR, cash reserve or reserve fund required to be maintained by a scheduled bank or a cooperative bank under the provisions of the RBI Act or the BR Act as referred to herein above, are all the activities which are part of business of banking. The non-SLR and non-reserve fund is stock

The Commissioner of Income Tax (Central) vs. Akula Nageswara Rao

In the result, the orders passed by the Assessing

Bench: SANJAY KUMAR,GUDISEVA SHYAM PRASAD

56 KLJ 397 (HC) and 'HEWLETT PACKARD FINANCIAL SERVICES INDIA PRIVATE LIMITED Vs. THE STATE OF KARNATAKA AND ORS.' LAWS (KAR) 2016 2 146. 10. We have considered the submissions made on both sides and have perused the record. The questions of law which arise for consideration in this petition are as follows: (1) Whether advance ruling dated

Commissioner of Income Tax- IT and TP vs. M/s. Louis Berger International Inc.,

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

Section 18 and explained its significance in the following words: ―22. The significance of Section 18 of the Act can be understood in the light of the above provisions. Section 18 provides for provisional assessment of duty in cases specified in sub-section (1) of the section. Clause (c) of sub-section (1) deals with cases where the importer

Commissioner of Income Tax-II vs. M/s. Andhra Pradesh Mineral Development Corporation Ltd.

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

Section 18 and explained its significance in the following words: ―22. The significance of Section 18 of the Act can be understood in the light of the above provisions. Section 18 provides for provisional assessment of duty in cases specified in sub-section (1) of the section. Clause (c) of sub-section (1) deals with cases where the importer

Commissioner of Income Tax-II vs. M/s.Kalyani Wines

In the result, I find this appeal bereft of merit and accordingly,

Bench: Hon’Ble Mr. Justice Robin Phukan

reassessing the materials before the Arbitral Tribunal and substituting its view/opinion. xiii) The finding recorded by the learned Court to the effect that the respondent contractor had failed to complete the jobs within the stipulated period in terms of the contract and hence on the prayer of the respondent contractor time was extended by the applicant for completion is perverse

COMM.OF INCOME TAX BANGALORE vs. NAVABHARAT ENTERPRISES HYD

In the result, Income Tax Appeal No

Bench: This Court & Hence Both Appeals Have Been Heard Together & Are Being Decided By This Common Judgment. 2. Sri Ravi Kant, Senior Advocate Assisted By Sri Rahul Agarwal, Advocate Have Appeared On Behalf Of Assessee & Sri Manish Goel, Advocate Has Put In Appearance On Behalf Of Revenue. 3. Revenue'S Appeal Was Admitted On The Following Substantial Questions Of Law:- (1)Whether On The Facts & In The Circumstances Of The Case, Tribunal Was Right In Holding That Authorization For Search

reassessment” in Section 132B shall be construed as references to “block assessment” . (emphasis applied) 26. Photocopy of warrant of authorisation issued in Form 45 under Section 112(I) of Income Tax Rules, pursuant whereto search was conducted at Assessee's premises on 28.11.1996 was produced before Tribunal, which are quoted in para 11.2 of Tribunal's order and relevant extract

The Director of Income Tax, (Exemptions) vs. Royal Education Society

In the result, the appeal is disposed of

Bench: ANIS,SANJAY KUMAR

56,61,835/-. In the return of income, the 5 assessee made an additional claim on account of loss on sale of securities to the extent of Rs.8,28,65,052/-. 3. The Assessing Officer by an order dated 30.03.2013 passed under Section 143(3) read with Section 147 of the Act determined the income of the assessee at Rs.51

EVEREST ORGANICS LTD vs. THE COMMISSIONER OF I.T., HYDERABAD

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

Sections 147/148 of the IT Act. Consequently, the answer to this question is given in favour of assessee to hold the decision of AO to reassess the assessee was not independent but was at the instance of superior officer. 42. Now next coming to the substantial questions of law which were admitted for hearing at the instance of Revenue

C. SANYASI RAJU vs. THE ASST. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE, VIZAG.

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

Sections 147/148 of the IT Act. Consequently, the answer to this question is given in favour of assessee to hold the decision of AO to reassess the assessee was not independent but was at the instance of superior officer. 42. Now next coming to the substantial questions of law which were admitted for hearing at the instance of Revenue

The Commissioner of Income Tax-III vs. M/s.Samrakshna Electricals Ltd

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Sections 147/148 of the IT Act. Consequently, the answer to this question is given in favour of assessee to hold the decision of AO to reassess the assessee was not independent but was at the instance of superior officer. 42. Now next coming to the substantial questions of law which were admitted for hearing at the instance of Revenue

M/s.GVK Petro Chemicals Private Limited,(Novo Resins AND vs. The Deputy Commissioner of Income Tax,

Sections 147/148 of the IT Act. Consequently, the answer to this question is given in favour of assessee to hold the decision of AO to reassess the assessee was not independent but was at the instance of superior officer. 42. Now next coming to the substantial questions of law which were admitted for hearing at the instance of Revenue

M/S NMDC LIMITED vs. DEPUTY COMMISSIONER OF INCOME TAX

The appeal is allowed

Bench: T.VINOD KUMAR,M.S.RAMACHANDRA RAO

56,000/- per month from his employment. The appellant/wife holds an LL.B. degree. She claims to be presently unemployed and she is not the income tax assessee. 79. The respondent/husband has produced his salary slip reflecting a income of around Rs.1.56 lakhs per month, along with his bank statements. The appellant asserts that he had purchased flat and having home

PR COMMR OF INCOME TAX-2, HYDERABAD vs. K RAVINDER REDDY, HYDERABAD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

reassessment proceedings. The assessees resisted the move to assess them, contending that they were not subjected to income tax laws of India as they had no permanent establishment. The AO by order dated 31.12.2008 held that the appellant has a fixed place PE and DAPE in India. Further, the AO also deemed 10% of the value of supplies made

M/s. Kausalya Shelters Private Limited vs. Deputy Commissioner of Income Tax

Bench: N.TUKARAMJI,UJJAL BHUYAN

56 of 76 and whereas the termination effected by the respondent was in conformity with Clause 8(A)(b) of the sub-leased deed. 108. Before answering the three issues which falls for consideration, it is necessary to state the settled position of law i.e., a party to the contract can invoke the force majeure Clause, only if the contract

The Commissioner of Income Tax-IV vs. M/s. Meghadoot Drillers,

56?” 3. However, in subsequent year for the same assessee, this Court in the case of The Commissioner of Income Tax, Alwar vs. M/s Supreme Cylinders Ltd. A-146, Industrial Area, Bhiwadi in Tax Appeal No. 67/2012 decided on 14th September, 2016, has held as under:- “4. Counsel for the appellant has taken us through the provisions of Section

M/s. PLL-Suncon Joint Venture vs. The Deputy Commissioner of Income Tax

56. The learned single judge agreed with the submissions of the respondents and set aside the interim award so far as it related to Kapoor Sons and Co. It was submitted that there was an admission on the part of the FAO(OS) 373/2011 Page 30 of 44 appellant that he had given a power of attorney to his father