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1 - 10 of 18 (0.36 seconds)Section 194 in The Income Tax Act, 1961 [Entire Act]
Section 68 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax vs Virgin Securities & Credits Pvt. Ltd. on 18 February, 2011
We being in agreement with the decision of the Co-ordinate
Bench of Ahmedabad Tribunal in the case of M/s. Alpha Projects
Pvt. Ltd. (supra) and there being no contrary decision brought to
our notice of any other Hon'ble High Courts, respectfully following
the decision of the Hon'ble Calcutta High Court in CIT Vs. Virgin
Creators (supra) we decide the issue in favour of the assessee
and delete the disallowance of labour and carting expenses
under Section 40(a)(ia) of the Act and accordingly allow this
ground of the assessee."
All India Radio Commercial ... vs Ito on 27 January, 2006
She further claimed that the facts of the appellant are identical with the case of
All India Radio Commercial Broadcasting Service/Prasar Bharti Broadcasting
Corporation of India (Supra). From the side of the Revenue, it is argued that
the case laws cited by the appellant are not squarely applicable in case of
appellant. The appellant had paid commission to M/s. Hairom Transport, on
which no TDS has been deducted u/s. 194 of the IT Act. The ld. A.O. had
rightly disallowed the commission expenses.
Commissioner Of Income-Tax vs Orissa Steel Corporation Pvt. Ltd. on 24 May, 1982
12. Now the matter is before us. Ld. Counsel for the assessee filed paper
book and contended that this amount was received from his father who had
paid the said sum by cheque and hence identity of depositer was well
I T A No s . 1 43 6 & 14 6 9/ A hd /1 2 A . Y. 06- 0 7 Page 12
established. Further, she relied on in case of CIT vs. Orissa Corporation Pvt.
Ltd. 159 ITR 78 (SC). She also has drawn our attention on page no.22 that
the assessee credited Rs.25,000/- on 22nd July 2005 in bank account
maintained with ABN-AMRO Bank through cheque. Besides this, the
assessee did not file any confirmation at any stage. Therefore, in absence of
confirmation with evidence, the assessee's explanation is not found
acceptable. We are in the agreement with the CIT(A) and confirm the order.
Thus, assessee's appeal on this ground is dismissed.
Commissioner Of Income-Tax vs Silver Cotton Mills Co. Ltd. on 12 January, 2001
424 and 609/Ahd/2006, CIT vs. Silver Cotton Mills Co. Ltd., 254 ITR 728(Guj),
Sugauli Sugar Works (P.)
Commissioner Of Income-Tax vs Chase Bright Steel Ltd. (No. 2) on 1 December, 1988
Ltd. [1999] 236 ITR 518 (SC), CIT vs. Chase Bright
Steel Ltd., 177 ITR 128(Bombay), J.K. Chemicals Ltd. Vs. CIT, [1966] 62 ITR
34, Bombay Dyeing & Manufacturing Co. Ltd. v. State of Bombay, AIR 1958
SC, CIT vs. Chetan Chemicals Pvt. Ltd. 267 ITR 770 (Guj), in which the ratio
laid down by the Court that when there is no cessation of liability or remission
I T A No s . 1 43 6 & 14 6 9/ A hd /1 2 A . Y. 06- 0 7 Page 19
of liability of creditor, the liability subsist. From the side of the Revenue, ld.
D.R. vehemently relied upon the order of the CIT(A).
Sassoon J. David & Co. (P) Ltd., Bombay vs C.I.T., Bombay on 3 May, 1979
Ltd. [1999] 236 ITR 518 (SC), CIT vs. Chase Bright
Steel Ltd., 177 ITR 128(Bombay), J.K. Chemicals Ltd. Vs. CIT, [1966] 62 ITR
34, Bombay Dyeing & Manufacturing Co. Ltd. v. State of Bombay, AIR 1958
SC, CIT vs. Chetan Chemicals Pvt. Ltd. 267 ITR 770 (Guj), in which the ratio
laid down by the Court that when there is no cessation of liability or remission
I T A No s . 1 43 6 & 14 6 9/ A hd /1 2 A . Y. 06- 0 7 Page 19
of liability of creditor, the liability subsist. From the side of the Revenue, ld.
D.R. vehemently relied upon the order of the CIT(A).
Bombay Dyeing &Manufacturing Co., Ltd vs The State Of Bombay And Others on 20 December, 1957
Ltd. [1999] 236 ITR 518 (SC), CIT vs. Chase Bright
Steel Ltd., 177 ITR 128(Bombay), J.K. Chemicals Ltd. Vs. CIT, [1966] 62 ITR
34, Bombay Dyeing & Manufacturing Co. Ltd. v. State of Bombay, AIR 1958
SC, CIT vs. Chetan Chemicals Pvt. Ltd. 267 ITR 770 (Guj), in which the ratio
laid down by the Court that when there is no cessation of liability or remission
I T A No s . 1 43 6 & 14 6 9/ A hd /1 2 A . Y. 06- 0 7 Page 19
of liability of creditor, the liability subsist. From the side of the Revenue, ld.
D.R. vehemently relied upon the order of the CIT(A).