Click Here For Best Books On Taxation & Law. Upto 60% Off On Select Titles. Free Shipping & Pay On Delivery!
 

Click Here To Subscribe To Our Free Newsletter

This section is now closed. Click here for new judgements

Home › All Judgements › Kvaerner John Brown vs. CIT (Supreme Court)

Kvaerner John Brown vs. CIT (Supreme Court)

Posted on by editor
COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: May 7, 2008 (Date of publication)
AY:
FILE:
CITATION:

Jurisdiction u/s S. 143(1)(a) and 143 (1A) is confined to making “prima facie” adjustments. When there are conflicting judgments on interpretation of Section 80-O, it is not permissible to make “prima facie” adjustments u/s 143(1)(a) and consequently additional tax u/s 143(1A) is not payable.

Related Judgements

  1. Mangat Ram vs. State (Supreme Court) 

    The Supreme Court deprectaes the practice of the High Court in disposing of matters without recording reasons. Explains that while the Supreme Court itself, being the final court, may pass orders without reasons, the High Courts and lower courts are … Mangat Ram vs. State (Supreme Court)…
  2. DCIT vs. Core Health Care (Supreme Court) 

    (i) Interest paid in respect of borrowings on capital assets not put to use in the concerned financial year are deductible under Section 36(1)(iii) of the Act; (ii) Interest on all moneys borrowed for the purposes of business are deductible … DCIT vs. Core Health Care (Supreme Court)…
  3. State vs. Abraham Kurian (Supreme Court) 

    (1) Tax administration is a complex subject. It consists of several aspects. The Government needs to strike a balance in the imposition of tax between collection of revenue on one hand and business-friendly approach on the other hand. (2) Exemption … State vs. Abraham Kurian (Supreme Court) Read…
  4. Kerala Road Lines vs. CIT (Supreme Court) 

    Interest paid for purchase of land held allowable as a deduction as the fact that the income on sale of scrap obtained on demolition of buildings on the land was offered as business income showed that the assessee had bought … Kerala Road Lines vs. CIT (Supreme Court)…
  5. Synco Industries vs. ITO (Supreme Court) 

    If the assessee has suffered a loss in one unit, the same has to be set-off against the profits of the undertaking eligible for deduction u/s 80IA etc and if the resultant figure is a loss, no deduction under Chapter VI-A is allowable;
    Read more ›