S. 115JB : Book profit-Failure to issue notice-Computation is valid.
Karnataka State Beverages Corporation Ltd. v. ACIT (2022) 99 ITR 325 (Bang) (Trib)S. 115JB : Book profit-Failure to issue notice-Computation is valid.
Karnataka State Beverages Corporation Ltd. v. ACIT (2022) 99 ITR 325 (Bang) (Trib)S. 115JB : Book profit-Adjustment of disallowance cannot be made while computing book profits. [S. 14A, R,8D]
Nahar Industrial Enterprises Ltd. v. Dy. CIT (2022) 99 ITR 562 (Chad) (Trib)S. 115JB : Book profit-Provision for gratuity relating to earlier years-Adjustment is not justified-Order of Assessing Officer affirmed. [S. 143(3)]
International Bakery Products Ltd. (2022) 217 TTJ 494 / 214 DTR 133 (Chennai)(Trib)S. 115JB : Book profit-Fringe benefit tax-Allowable as deduction. [S. 40(a)(ic)]
Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)S. 115JB : Book profit-Adjustment of disallowance under S.. 14A cannot be made while computing book profits.
ACIT v. J. K. Fenner (India) Ltd. (2022) 220 TTJ 595 (Chennai)(Trib)S. 115JB : Book profit-Gross income and total income Nil-Not paying dividend-Provision is not applicable.
Sasamusa Sugar Works Pvt. Ltd. v. Dy. CIT (2022) 98 ITR 235 (Kol) (Trib)S. 115JAA : Book profit-Deemed income-Tax credit-Matter remanded for verification.
Shipping Corporation of India Ltd. v. Dy CIT(LTU) (2022)96 ITR 32 (SN) (Mum) (Trib)S. 115JAA : Book profit-Deemed income-Tax credit-Allowability to amalgamated company-MAT credit earned by the amalgamating company has to be allowed in the hands of the amalgamated company. [S. 115JAA(7)]
Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)S. 115BBE : Tax on specified income-Income from undisclosed sources-Advance payment returned by party in cash-No cogent documentary evidence-Creditworthiness to return amount in cash in lieu of cheque payments was not established-Addition is held to be proper.
ITO (IT) v. Bikkina Savitri Devi (Smt.) (2022) 96 ITR 30 (Trib) (SN) (Vishakha) (Trib)S. 115BBE : Tax on specified income-Income from undisclosed Sources-Bogus purchases-Construction business-Confessional statement by suppliers-Accommodation entries of Bill trading without any supply of materials-Failure to file necessary evidence in support of purchases-Addition is justified.
BGR Energy Systems Ltd. v. ACIT (2022)96 ITR 625 (Chennai) (Trib) CIT v. Sasikala Raghupathy (Smt.) (2022)96 ITR 625 (Chennai) (Trib)