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Krishnagopal Nagpal Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2004)82TTJ(Pune.)481

date of transfer of the original asset any residential house. Section 54F has been amended by the Finance Act, 2000 with effect from 1st April, 2001 which now provides that exemption under Section 54F will not be available … relating to exemption in respect of capital gains arising from transfer of house properties contained in IT Act. Section 53 as it exited upto 1993-94 provides that long-term capital gain arising from the transfer of a residential house … was stated with a view to support that the assessee had acquired right, title and interest over the said row house even without obtaining any

Essar Steel Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2005)97TTJ(Ahd.)985

148 and in that context their Lordships of the Gujarat High Court held that there was no new information but only a change of opinion. The assessee had disclosed the material to the AO who was satisfied … capital goods from abroad. (iv) The gains from cancellation of forward exchange contracts was of revenue nature. The action of the AO in reducing the value of block of assets was erroneous and also prejudicial to the … certain items. The CIT, therefore, gave a notice to the assessee under Section 263 and set aside the assessment on various issues with certain directions. … interests of Revenue is in not taxing the gain amounting to Rs. 53,73,04,137 on transfer of business units.The facts are that in the year under

Sicom Ltd. Vs. Harjindersingh and ors.

Court : Mumbai

Subject : BankingContract

Acts : Contract Act, 1872 - Sections 128; Limitation Act, 1963 - Sections 3; Banker's Books (Evidence) Act, 1891 - Sections 4; Information Technology Act, 2000 - Sections 93

Reported in : AIR2004Bom337; IV(2004)BC350; 2004(5)BomCR304; [2005]123CompCas653(Bom); 2005(1)CTLJ299(Bom)

as is required by the amendments to the Bankers' Books (Evidence) Act, 1891, the change brought about by the Information Technology Act, 2000.11. It is then contended that the Plaintiffs have not maintained books of accounts in regular course of business … principal debtor nor the surety discharged the admitted liability of the principal debtor in spite of demands. Under Section 128 of the Indian Contract Act, save as provided in the contract, the liability of the surety is

Garrick D'Silva Vs. Joint Commissioner Of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)105TTJ(Delhi)445

stock option by the assessee in the previous year relevant to asst. yr. 1998-99. In response, the following information was furnished by the assessee in regard to grant, exercise and sale of stock options:S.No Date Grant/ Basis … shares, was liable to tax as income from 'capital gains'. This sub-Clause (iii)(a) was deleted by the Finance Act, 2000 w.e.f. 1st April, 2001 and a new proviso to sub-Clause (iii) of Clause 2 of Section 17 was … which sold Price Exercise Options sale (in US$) (in US$) Price1. 21.6.1994 53.38 Average of high 1000 11.3.1998 68 & low price at 18. From

Entee Builders Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Lucknow

Subject : Direct Taxation

Reported in : (2003)78TTJLuck952

appeared before the AO on 21st Jan., 2000. The AO started reassessment proceedings on the basis of valid information and following the correct procedure. Thus, the grounds relating to this issue do not have any substance and … in a latest case of Leatherage, Kanpur v. ITO in ITA No. 53 and 54/Luck/2002 for asst. yr, 1994-95 and 1995-96 and in its decision … to 3 taken in this appeal challenge the validity of notice issued under Section 148 of the IT Act, 1961, for reopening of the assessment under Section 147 of IT Act, 1961, and the validity of reassessment

Utv Software Communications Ltd. & Ors vs.thepiratebay.org and Ors

Court : Delhi

Subject : Intellectual Property

any notice claiming a limitation of liability under any provision including Section 52(1)(c) of the Copyright Act.42. The Information Technology Act, 2000 (―IT Act‖) incorporates the defence of safe habour for the intermediaries. It defines an intermediary under Section 2(1)(w), … of Disney Enterprises, Inc. & Ors. v M1 Limited & Ors., HC/OS952018, ordered ISPs to block access to 53 piracy websites.  In furtherance of the above order, on July 12, the Court granted an order to

Utv Software Communications Ltd & Ors. Vs.fmovies.pe and Ors.

Court : Delhi

Subject : Intellectual Property

any notice claiming a limitation of liability under any provision including Section 52(1)(c) of the Copyright Act.42. The Information Technology Act, 2000 (―IT Act‖) incorporates the defence of safe habour for the intermediaries. It defines an intermediary under Section 2(1)(w), … of Disney Enterprises, Inc. & Ors. v M1 Limited & Ors., HC/OS952018, ordered ISPs to block access to 53 piracy websites.  In furtherance of the above order, on July 12, the Court granted an order to

Twentieth Century Fox Film Corporation & Ors vs.yts.am and Ors

Court : Delhi

Subject : Intellectual Property

any notice claiming a limitation of liability under any provision including Section 52(1)(c) of the Copyright Act.42. The Information Technology Act, 2000 (―IT Act‖) incorporates the defence of safe habour for the intermediaries. It defines an intermediary under Section 2(1)(w), … of Disney Enterprises, Inc. & Ors. v M1 Limited & Ors., HC/OS952018, ordered ISPs to block access to 53 piracy websites.  In furtherance of the above order, on July 12, the Court granted an order to

Utv Software Communications Ltd. & Ors vs.rarbg.is and Ors

Court : Delhi

Subject : Intellectual Property

any notice claiming a limitation of liability under any provision including Section 52(1)(c) of the Copyright Act.42. The Information Technology Act, 2000 (―IT Act‖) incorporates the defence of safe habour for the intermediaries. It defines an intermediary under Section 2(1)(w), … of Disney Enterprises, Inc. & Ors. v M1 Limited & Ors., HC/OS952018, ordered ISPs to block access to 53 piracy websites.  In furtherance of the above order, on July 12, the Court granted an order to

Utv Software Communications Ltd. & Ors vs.torrentmovies.co & O ...

Court : Delhi

Subject : Intellectual Property

any notice claiming a limitation of liability under any provision including Section 52(1)(c) of the Copyright Act.42. The Information Technology Act, 2000 (―IT Act‖) incorporates the defence of safe habour for the intermediaries. It defines an intermediary under Section 2(1)(w), … of Disney Enterprises, Inc. & Ors. v M1 Limited & Ors., HC/OS952018, ordered ISPs to block access to 53 piracy websites.  In furtherance of the above order, on July 12, the Court granted an order to