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Assistant Commissioner Of Income Tax (exemptions) Vs. Ahmedabad Urban ...

Court : Supreme Court of India

Subject : Land Acquisition

Electronics (DoE) with the support of the United Nations Development Program (UNDP). The program was focused on integrating information technology and internet tools with learning environment, to enhance the quality of education. However, funding by the UNDP ended … exemptions: Section 10 (20A) and Section 10 (23) ................................................... 20 G. Amendments to Section 2 (15) by Finance Act, 2008 (w.e.f. 01.04.2009) ................................................ 21 II. Submissions of parties ................................................................................................................................. 22 A. Arguments on behalf of the revenue.......................................................................................................... 22 … it also carries activities that 35 1999 (4) SCC599(hereafter “UCO Bank Calcutta”) 36 1968 SCR (2) 636 37 (1995) 1 SCC57438 (1967) 1 SCR61832 generate

Vodafone International Holdings B.V., a Company Incorporated Under the ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 1(2), 2, 2(17), 2(23A), 2(31), 2(37), 2(47), 4, 4(1), 4(2), 5(2), 9, 9(1), 23(1), 23(3), 24, 26, 64, 64(2), 173, 191, 192(1A), 194, 194C(1), 195, 195(1), 195(2), 195(3), 197, 199, 200, 201, 203A, 221, 221(1), 201(1A), 245S, 246A and 271C; Foreign Contribution Regulation Act; Indian Official Secrets Act; Constitution Act; Information Technology Act; Indian Passport Act; Indian Income Tax Act, 1922 - Sections 18, 19 and 42; Finance Act, 2008; Indian Telegraph Act, 1885; MRTP Act - Sections 33; Finance Act, 2002 - Sections 201; Companies Act; Income Tax (Amendment) Act, 2008 - Sections 191 and 201; Income Tax (Amendment) Act, 2002; Income Tax (Amendment) Act, 2003; Income Tax Rules - Rules 30 and 31A, 41E; Constitution of India - Articles 14, 19(1

Reported in : 2009(4)BomCR258; (2008)220CTR(Bom)649; [2009]311ITR46(Bom)

Matched in: Citation 2009(4)BomCR258; (2008)220CTR(Bom)649; [2009]311ITR46(Bom)

Commissioner of Income Tax . Vs. M/S Vasisth Chay Vyapar Ltd. and ors.

Court : Delhi

Subject : Direct Taxation

distinguish the judgment of the Supreme Court in the case of Southern Technology (supra).9. Another submission of Mr. Vohra was that in any case no … as provision against NPA in the profit and loss account, which was claimed as deduction in terms of Section 36 (1) (vii) of the Act. The assessing officer did not allow the deduction claimed as aforesaid on the … submission with all the vehemence at his command and sought to justify the orders of the Tribunal. His first and foremost submission was that as per the provisions of Section 45Q of the RBI Act, interest income

National Petroleum Construction Company Vs. Deputy Commissioner Of Inc ...

Court : Supreme Court of India

Subject : Land Acquisition

not chargeable to tax under the IT Act, as held 15 by this Court in G E India Technology Centre Pvt. Ltd. v. Commissioner of Income Tax and Another1.37. The High Court rightly held that the question … the preceding financial years, the High Court was 36 not justified to make distinction between two types … DTAA. This question of fact will have to be determined separately for each assessment year, and we are informed that for AY-2016-17 and AY-2017-18, the determination is presently against the petitioner. We cannot accept the petitioner's contention … However, the returns filed by the Appellant for Assessment Years 2007-08 and 2008-09, were not accepted by the Assessing Officer, hereinafter referred to as the … for the Financial/Previous Year 2019-20, corresponding to the Assessment Year 2020-21, under Section 197 of the Income Tax Act 1961, hereinafter referred to as the

Vodafone India Limited Vs. M/S. R.K. Productions Pvt. Ltd and Others

Court : Chennai

Subject : Land Acquisition

Reported in : 2012(5)LW626

medium for the users to get access to the WWW and exchange or retrieve information. Section 79 of the Information Technology Act specifically absolves the ISPs from any liability under any law including under the Copy Right Act in respect … this court in Wipro Limited and another Vs. Oushadha Chandrika Ayurvedic India (P) Ltd. and others reported in 2008 (37) PTC 269 (Mad)(DB). Therefore, they prayed for the dismissal of the vacate injunction applications as well as … interpret the same in such a manner which would make it workable. 36. It is also a well-settled principle of law that an attempt should

The Bank Of Rajasthan Ltd. Vs. Commissioner Of Income Tax

Court : Supreme Court of India

Subject : Land Acquisition

45 the case of American Express International Banking Corporation2 has been approved by the order dated 12th August 2008 of this Court in the case of Commissioner of Income Tax, Bombay v. Citi Bank NA3. The learned … gets interest from a date anterior to the date of acquisition till the date on which interest is first due after the date of purchase.5. Under the Income Tax Act, 1961 (for short, ‘the IT Act’), Section … time during the previous year are chargeable to income tax. Under Section 36(1)(iii), the assessee is entitled to a deduction of the amount of interest

income Tax Officer Vs. Anil H. Rastogi

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2003)86ITD193(Mum.)

March, 1952. In April, 1952, the Bombay firm became insolvent. In Samvat 2008 ending with 18th Oct., 1952, the assessee wrote off the sum of … worthwhile noting that the provision for deduction of bad debts was introduced in the income-tax law for the first time in 1939, but even prior to the insertion of such provision in the 1922 Act, the Privy … bad debts was, therefore, rejected. The CIT(A) deleted the addition on the ground that after the amendment in Section 36(1)(vii) there was no need for the assessee to show as to what steps had been taken for recovery

Commissioner of Income Tax Vs. Rockman Cycle Industries (P) Ltd.

Court : Punjab and Haryana

Subject : Direct Taxation

Reported in : (2009)226CTR(P& H)562

for opinion of this Court, which has been decided on 9th July, 2008 in favour of the assessee and against the Revenue in IT Ref. … relating to asst. yr. 1986-87:Whether on the facts and in the circumstances of the case, the Tribunal was right in law in allowing interest claimed by the assessee at a higher rate on the borrowings though the … not be prevented from making investment only because the return from shares was low. The investment was incidental activity of the business and there was no effect on Revenue as the assessee and sister concern belonged to … CTR (SC) 126 : (1985) 154 ITR 148 (SC). Penalty proceedings under Section 271(1)(c) are initiated for furnishing of inaccurate particulars of income.3. The CIT(A) … for business was a permissible deduction under Section 36(1)(iii) of the Act and test of commercial expediency

indo Rama Synthetics (i) Ltd. Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 36(1), 37(1), 143(3) and 260A

Reported in : (2010)228CTR(Del)278

and financial feasibility, the assessee availed the services of an architect and paid fee to him. From the report of the architect, it was found that the project was not financially and technically viable and, therefore, the … off and claimed deduction in computation of income for the asst. yr. 2000-01 under Section 37(1) of the Act.4. Vide order dt. 31st Dec, 2002 passed by the AO under Section 143(3) of the Act, the AO … on borrowed capital was treated as business income (sic-expenditure) deductible under Section 36(1)(iii) of the IT Act, 1961.We, thus, answer question No. 1 in favour

Myspace Inc. Vs.super Cassettes Industries Ltd.

Court : Delhi

Subject : Right to Information

by creating a website for users to share their content it was only acting as an “intermediary”, under the Information Technology Act (“IT Act”). It argued that the provisions of the IT Act and Act had to be read harmoniously. … was required to respond to a notice from a content owner within 36 hours of receiving such notice and comply by taking down the content … ensure that copyrighted material is taken down from its website as soon as it detected.5. Sometime in January 2008MySpace offered SCIL and other copyright and content owners the option of registering for its Rights Management Tool. Upon … using its content without licence or any authority committed infringing activities under Section 51(a)(i) and 51(a)(ii) of the Copyright Act (hereafter “the Act”).It argued that