CIT vs. Bajaj Hindustan (Bombay High Court)

Related Judgements

1. CIT vs. Vardhaman Polytex (P & H High Court) (Full Bench) 

   (i) In considering whether the interest paid by an assessee on loans raised for acquisition of new asset, before the same was first put to use, is to be added towards the cost of the asset or the same is … CIT vs. Vardhaman Polytex (P & H…

2. Shivsagar Veg vs. ACIT (Bombay High Court) 

   It is incumbent upon the Tribunal, being the final authority of facts, to appreciate the evidence, consider the reasons of the authorities below and assign its own reasons as to why it disagrees with the reasons and findings of the lower authorities. The Tribunal cannot brush aside the reasons…

3. Gilbs Computer vs. ITAT (Bombay High Court) 

   Where an assessee is assessed to a loss, it may be said either that he has been assessed to a nil income and is permitted to carry forward the loss or that he is assessed to the loss figure. Whichever way one looks at it the assessed income is…

4. CIT vs. Peerchand Ratanlal Baid (Gauhati High Court) 

   The view of the Gujarat High Court that while s. 147 permits re-assessment of income that has escaped assessment for any assessment year, assessment under Chapter XIV-B is for a block period of 10/6 years without reference to any particular assessment year and that, therefore, s. 147 does not…

5. Larsen & Toubro Ltd vs. ACIT (Bombay High Court) 

   It is far fetched to accept the view that the rejection of a s. 197 application lies in the absolute discretion of the AO or that the AO is not bound to indicate reasons for the rejection of the application. The AO cannot be heard to urge that though…