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1 - 9 of 9 (0.27 seconds)Section 148 in The Income Tax Act, 1961 [Entire Act]
Section 30 in The Income Tax Act, 1961 [Entire Act]
Section 36 in The Income Tax Act, 1961 [Entire Act]
M/S Apex Laboratories P. Ltd. vs The Deputy Commissioner Of Income Tax ... on 22 February, 2022
The Coordinate
Bench, after referring to the CBDT Circular No.5 of 2012 and the
decision of the Supreme Court in the case of Apex Laboratories (P) Ltd.
(supra), quashed reassessment proceedings on the ground that there is
no escapement of income. The Coordinate Bench also noted the CBDT
Circular No.5 of 2012 and the decision of the Supreme Court, wherein it
is stated that the amendment to Medical Council Regulation with effect
from 14 December 2009 would be prospective, i.e. would apply only to
those expenses incurred after 14 December 2009 which would be
Page 6 of 8
Sayyed 903-WP.860.2016(J).docx
relevant for AY 2010-2011. We are concerned with the assessment year
2008-2009.
Abbott India Ltd.(Solvay Pharma India ... vs Addl.C.I.T. Rg.7(2), Mumbai on 12 July, 2023
Therefore, in our view, the decision of the Coordinate Bench
in the case of Abbott India Ltd. (supra) also supports the case of the
Petitioner and, therefore, following the same, the impugned notice
dated 30 March 2015 is required to be quashed and set aside.
Article 226 in Constitution of India [Constitution]
The Commissioner Of Income-Tax vs M/S Kap Scan & Diagnostic Centre Pvt. Ltd on 3 December, 2010
6. Mr. Suresh Kumar, learned counsel for the Respondent,
submitted that the Petitioner did not disclose during the assessment
proceedings to whom the gifts were given and, therefore, there was a
failure on the part of the Petitioner to disclose fully and truly all
material facts necessary for the assessment. He relied upon the decision
of the Punjab and Haryana High Court in the case of Commissioner of
Income-tax vs. Kap Scan and Diagnostic Centre (P.) Ltd. 3 and submitted
that the expenses are not allowable and are in violation of the Indian
Medical Council (Professional Conduct, Etiquette and Ethics)
Regulations, 2002.
Section 115JB in The Income Tax Act, 1961 [Entire Act]
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