CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

Section 10A. The form further prescribes the steps involved in the computation of total income. This shows that after aggregating the income from salary, house property, profits and gains from business, capital

HCL TECHNOLOGIES LTD,NEW DELHI vs. ACIT, NEW DELHI

The appeal is allowed as indicated above

Bench: Shri Vikas Awasthy & Shri Brajesh Kumar Singh

gains derived from the export of articles or things or computer software”. 7.11 Further, it was submitted that the aforesaid Circular, too, clearly provides that tax benefit under section 10B of the Act is in the nature of "deduction" and the Circular further clarified that income/loss from various sources, i.e. eligible and ineligible units, under the same head have

HCL TECHNOLOGIES LTD.,NEW DELHI vs. ACIT, NEW DELHI

The appeal is allowed as indicated above

Bench: Shri Vikas Awasthy & Shri Brajesh Kumar Singh

gains derived from the export of articles or things or computer software”. 7.11 Further, it was submitted that the aforesaid Circular, too, clearly provides that tax benefit under section 10B of the Act is in the nature of "deduction" and the Circular further clarified that income/loss from various sources, i.e. eligible and ineligible units, under the same head have

SYSTEMS AMERICA (INDIA) LTD. vs. ADDL. COMMISSIONER OF INCOME TAX,,

In the result, appeal of the assessee is partly allowed and that of the Department is dismissed

Bench: Shri N.K. Saini & Shri Kuldip Singh

Section 45(1) any profits or gains arising from the transfer of a capital asset effected in the previous year shall be chargeable to income-tax under the head “capital gains” and shall be deemed to be the income of the previous year in which the transfer took place. By declaring the capital gains during

ACIT, CIRCLE-7(1) vs. SYSTEM AMERICA INDIA LTD.,,

In the result, appeal of the assessee is partly allowed and that of the Department is dismissed

Bench: Shri N.K. Saini & Shri Kuldip Singh

Section 45(1) any profits or gains arising from the transfer of a capital asset effected in the previous year shall be chargeable to income-tax under the head “capital gains” and shall be deemed to be the income of the previous year in which the transfer took place. By declaring the capital gains during

ACIT, NEW DELHI vs. M/S. NIIT TECHNOLOGIES LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed and cross objection of the assessee is allowed for statistical purposes

Bench: : Shri Amit Shukla & Shri L.P. Sahuassessment Year: 2006-07

Capital Gain 64,46,187 Income from Other Sources 1,68,98,037 50,90,742 Less : Brought forward unabsorbed depreciation 14,22,71,036 Gross Total Loss (13,71,80,294) From the above table, the Assessing Officer observed that the assessee has claimed deduction u/s. 10B without considering the brought forward unabsorbed depreciation and that the assessee

ANANT RAJ LTD.,NEW DELHI vs. DCIT, CIRCLE-2(2), NEW DELHI

The appeal is allowed partly as indicated above

Bench: Shri Amit Shukla & Shri Prashant Maharishi

capital gains in sub- sections 7B, 10A, 11,15&16 of the section 155 in this regard. In support of this

DCIT, CIRCLE-2(2), NEW DELHI vs. ANANT RAJ LTD., NEW DELHI

The appeal is allowed partly as indicated above

Bench: Shri Amit Shukla & Shri Prashant Maharishi

capital gains in sub- sections 7B, 10A, 11,15&16 of the section 155 in this regard. In support of this