Act
Disa llo wan ce w.r.t. d ed u ctio n cla imed und er sectio ... Act
Disa llo wan ce w.r.t. dedu ctio n cla imed u nder S ectio
orde r dated 23.12.2017 passed u/s 143(3) of I.T. Act,
1961 for A .Y. 2015-16. By not conside ring the matter ... Environment (Protection) Act, 1986 re ad wi th cla use
(d) of sub- rule ( 3) of rule 5 o f the Environment (Pro tectio
determined u/s 11 (3) of the Incom e-tax Act, 1961.
These actions being arbit rary, erroneo us and
untenable must be quas ... income chargeable u/s 11(1B) of the Act
whic h the assessee had cla imed wro ngl y. I t was s ubmitted
that
second round of
revision proceedings u/s 263 of the Act s ince the tribuna l's
earlier order in earlier identical twin appeals ... Cla use (a ) of Explanati on 2
thereunder. I, therefore, under the powers co nferred
u/s 263 of the Inc ome Tax Act
Court in the case of S.E B.I Sterlite Industries 53
CLA 41 has held that:
"a company could buy back ... under section 391 r.w.s 100 to 104 of the Companies Act 1956."
16. Similar view was taken
second round of
revision proceedings u/s 263 of the Act s ince the tribuna l's
earlier order in earlier identical twin appeals ... Cla use (a ) of Explanati on 2
thereunder. I, therefore, under the powers co nferred
u/s 263 of the Inc ome Tax Act
case
involved the taxability in the year of receipt. The f acts and
questions f or determination in Rama Bai 's case were
diff ... Act. The
return was processed under section 143(1) of the Act. An
application under section 264 was made cla iming that by
mistake
broad
submissions were made:......
(viii) B oth under the una mended 1961 Act and amended
1961 Ac t, the is su e concerning limita tion ... Cla uses (i) a nd (ii) o f secti on 1 51 of the amended
Ac t (whic h has been extr acted her eina
appellant is only by way o f book entries.
It further cla imed tha t the investments shown in the Balance Sheet
are in other ... have intrins ic value. It was a lso cla imed tha t the appellant acte d as
intermediary and was mere ly a co nduit
2024
Satish Chopra
(viii) B oth under the una mended 1961 Act and amended
1961 Ac t, the is su e concerning limita tion ... Cla uses (i) a nd (ii) o f secti on 1 51 of the amended
Ac t (whic h has been extr acted her eina