Messages

GUJ H. C.  samay electronics.  TA 599/2006.  Dt. 11/12/14.

Interpretation of s.115Jb  read with explanations

R K Patel

Guj . H C > tax appeal1771 /05. Dt. 10/12/14.

Held, Reappraisal of cash credit issue by successor A.O. on same material beyond 4 yars by resorting to reopening not permissible.

R K Patel

Guj. H C . tax appeal 372 /2002  dt. 24/12/14

Interpretation of s.4(1)(a) of G.T.Act read with R.10(2)


R K Patel

Guj. H C . Tax apeal 1798/ 06. Dt. 22.12.14. Amarshiv construction.

No bill raised by sub-contractor, though work completed. Right to receive does not arise . No accrual of income as assessee also in turn did not forward any bill to Government from whom contract was obtained.

R K Patel

Winners Business Link.  Tax appeal 1159 / 2006. Dt. 18/12/14. Gujarat H C.
Even in mercantile system actual receipt of membership fees is not taxable in first year if for services to be rendered for segment of years.

AS I and matching principles to be followed to arrive at real income for taxation.

R K Patel.

Shyamprasad spinning mills. Guj. H C . Dt. 24/12/14.  TA 1184/2007.

S. 43 B fails for disallowance if deferrment of statutory liability is supported by notification of government.

R K Patel

Guj. H C . TA 221/2003. Dt. 22/12/14. Shreeland corporation

If no business, registration annuled, income from rent of property in firm name to be assessed as co-owners individual hands and not as income from property in firm's hands.

R K Patel

TA 41/ 2007. Dt. 23/12/14. Sukun Polymers. Guj. H C.

Depriciation cannot be foisted upon assessee even for relief under Chapter VI-A for period prior to 1/4/2002.
Mahendra Mills (S.C.) applied while dissenting  from Plastiblends (Bom)(FB)

R K Patel

Guj. H C . TA 149/2003. Dt. 22/12/14. J. K. Choksi.

Held, Disclosure of other income at survey for excess stock to be processed as business income and cannot be a factor for disallowance u/s 40(b)

R K Patel

Guj. H. C. Dt. 22.12.14, TA 468 / 2007.

Deduction of interest for borrowed funds for new units allowable u/s 36(i)(iii).

Note- A Y 1996-97

R K Patel

TA 1788/2005. Dt. 23/12/14. Guj. H. C.
Held,  FSI is a capital asset attached to property and not business.

R K Pael

Gujarat H C. Tax appeal 1030/ 2014.  Dt. 23/9/14. Shivdhara developers

Penalty u/s/271(1)(c) not for non filing of reply to show cause notice

R K Patel

Gujarat high court. Dt. 12/11/14. ITR 7 / 2003. Madhusudan vegetable products

Held that actual commercial production to be a relevant factor for elegibility of grant of investment allowance.

R K Patel

Shipra ship builders, GUJ . H C .  Tax appeal 1281 / 2006. Dt. 1/12/14.

Mandatory eposit interest to be processed as business income and not as income from other sources.

R K Patel.

GUJ H C . Ellora time. T A 1024 / 2005. DT. 2/12/14.

Held, Adustments cannot be made invoking  variations in S. 80HHC and S. 115JA for levy of interest u/s 234B & C while exercising jurisdiction u/s 143(1)(a).

R K Patel.