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1 - 10 of 13 (1.37 seconds)Section 68 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax vs V.P. Gopinathan on 27 February, 2001
Similar view
has also been expressed in other decisions particularly Apex
Court's decision in the case of Tuticorin Alkalies and
Fertilizers and also in CIT vs Auto Kast Ltd 248 ITR 110
(SC), CIT vs V. Goppinathan, Consolidated Fibres vs CIT
and K Ravindranatham v/s DCIT (Asstt.) 262 ITR 669. All
the above judicial pronouncement support the view that the
interest income is income from other sources. This issue was
also raised during the scrutiny assessment proceedings for
A.Y. 2009-10 wherein the AO has held that interest on FDRs
is income from other sources. This issue was also raised
during the scrutiny assessment proceeding for A.Y. 2009-10
wherein the AO has held that interest on FDRs is income
from other sources.
Section 56 in The Income Tax Act, 1961 [Entire Act]
Consolidated Fibres And Chemicals Ltd. vs Commissioner Of Income-Tax on 24 September, 2004
Similar view
has also been expressed in other decisions particularly Apex
Court's decision in the case of Tuticorin Alkalies and
Fertilizers and also in CIT vs Auto Kast Ltd 248 ITR 110
(SC), CIT vs V. Goppinathan, Consolidated Fibres vs CIT
and K Ravindranatham v/s DCIT (Asstt.) 262 ITR 669. All
the above judicial pronouncement support the view that the
interest income is income from other sources. This issue was
also raised during the scrutiny assessment proceedings for
A.Y. 2009-10 wherein the AO has held that interest on FDRs
is income from other sources. This issue was also raised
during the scrutiny assessment proceeding for A.Y. 2009-10
wherein the AO has held that interest on FDRs is income
from other sources.
Commissioner Of Income-Tax vs Honda Siel Power Products Ltd. ... on 11 October, 2006
''4.2 The nature of the income as well as assessee's
contention have been considered and before taking final
view, I would like to place reliance on the judicial
pronouncements on the issue under consideration. The
Hon'ble Delhi High Court in the case of CIT vs Sree Ram
Honda Power Equipment 289 ITR 475 (Delhi) has held that
the interest income earned on deposits is to be taxable as
income from other sources u/s 56 of the Act.
Commissioiner Of Central Excise & ... vs M/S.Shah Hi-Tech Auto Alcast Pvt.Ltd., ... on 7 January, 2016
Similar view
has also been expressed in other decisions particularly Apex
Court's decision in the case of Tuticorin Alkalies and
Fertilizers and also in CIT vs Auto Kast Ltd 248 ITR 110
(SC), CIT vs V. Goppinathan, Consolidated Fibres vs CIT
and K Ravindranatham v/s DCIT (Asstt.) 262 ITR 669. All
the above judicial pronouncement support the view that the
interest income is income from other sources. This issue was
also raised during the scrutiny assessment proceedings for
A.Y. 2009-10 wherein the AO has held that interest on FDRs
is income from other sources. This issue was also raised
during the scrutiny assessment proceeding for A.Y. 2009-10
wherein the AO has held that interest on FDRs is income
from other sources.
The Income Tax Act, 1961
M/S Gmg Engineering Industries & Ors vs M/S Isaa Green Power Solution & Ors on 15 May, 2015
(ii) M/s. GMG Engineer Industries vs Issa Green
Power Solution (Civil Appeal No.4473/2015) with A.C.
Govindaraj and Ors vs M. Krishnamoorthy & Ors.(Civil
Appeal No.4473/2015): ''
To this effect, the assessee has also filed the affidavit giving the reason
for such delay in late filing the appeal before ITAT.
The Commissioner Of Income-Tax-Iv vs Text Hundred India Pvt. Ltd. on 14 January, 2011
CIT vs Text Hundred India (P) Ltd. (2011) 239 CTR (Del) 263.''
5.3 On the other hand, the ld. DR supported the orders of the lower
authorities and objected to the admission of additional evidence filed by
the ld.AR of the assessee.