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 › M/s Ahmed Anis vs. CIT (Supreme Court)

M/s Ahmed Anis vs. CIT (Supreme Court)

Posted on by editor
COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: January 23, 2008 (Date of publication)
AY:
FILE:
CITATION:

Where the assessee had led satisfactory evidence that its business was that of a commission agent and not a trader and 10-11 years had passed, the assessee could not be held responsible for non-appearance
of five traders to whom summons were issued by the AO.

Related Judgements

  1. Infosys Technologies (Supreme Court) 

    (i) A stock option which is subject to a ‘lock-in’ is not a chargeable perquisite u/s 17(2) on the date of grant, vesting or exercise. The benfit is purely notional. (ii) s. 17(2)(iiia) inserted w.e.f 1.4.2000 is not clarificatory; (iii) … Infosys Technologies (Supreme Court) Read More »
  2. CIT vs. Suresh N. Gupta (Supreme Court) 

    S. 158BB has to be read with the relevant Finance Act and the surcharge prescribed therein is applicable to a block assessment. The Proviso to s. 113 of the Act, though inserted by the Finance Act 2002 with effect from … CIT vs. Suresh N. Gupta (Supreme…
  3. Sumit Bhattacharya vs. ACIT (ITAT Mumbai Special Bench) 

    (i) Amounts received by an assessee from the foreign holding company of his employer company on redemption of stock appreciation rights, being “fruits of employment” is chargeable to tax as “salaries” despite the absence of an employer-employee relationship (ii) there … Sumit Bhattacharya vs. ACIT (ITAT Mumbai Special…
  4. CIT vs. Narendra Desai (Bombay High Court) 

    Receipt for agreeing to refrain from carrying on a competing business under a restrictive covenant is a capital receipt and is not chargeable to tax either as a revenue receipt or as a capital gain as ss. 28(va) and 55(2)(a) … CIT vs. Narendra Desai (Bombay High Court)…
  5. Glenmark Laboratory vs. DCIT (ITAT Mumbai) 

    For purposes of s. 80HHC, the direct cost attributable to the earning of the DEPB license (equal to the value of the license on the date of receipt) has to be reduced from the direct cost of trading goods on … Glenmark Laboratory vs. DCIT (ITAT Mumbai) Read…

Discover more from itatonline.org

Subscribe now to keep reading and get access to the full archive.

Continue reading