ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS
APPELLATE TRIBUNAL ORDERS
>> Order of penalty after expiry of period of six months prescribed in section 275, barred by limitation : BIL Metal Works v. Asst. CIT (Ahd.) p. 569
>> Where expenditure on drug registration whether capital or revenue debatable, not concealment of particulars, penalty to be deleted : Simplex Pharma P. Ltd. v. Dy. CIT (Delhi) p. 576
>> Long-term capital gains : Cost of acquisition to be taken with or without indexation at option of assessee : Deputy CIT v. Savla Motor Agencies P. Ltd. (Mumbai) p. 583
>> Charitable purposes : Activities not only religious but also charitable, entitled to exemption u/s. 11 : ITO v. Emmanuel Bible Institute Samiti (Jaipur) p. 593
>> TDS on payments made in previous year relevant to AY 2005-06, time limit for deposit with Government governed by unamended provision, disallowance of business expenditure proper : Bharati Shipyard Ltd. v. Dy. CIT (Mumbai) [SB] p. 599
>> Contributions to ESI and PF after due date in relevant enactment but before close of previous year, allowable u/s. 43B : Bharati Shipyard Ltd. v. Dy. CIT (Mumbai) [SB] p. 599
APPELLATE TRIBUNAL ORDERS
>> Order of penalty after expiry of period of six months prescribed in section 275, barred by limitation : BIL Metal Works v. Asst. CIT (Ahd.) p. 569
>> Where expenditure on drug registration whether capital or revenue debatable, not concealment of particulars, penalty to be deleted : Simplex Pharma P. Ltd. v. Dy. CIT (Delhi) p. 576
>> Long-term capital gains : Cost of acquisition to be taken with or without indexation at option of assessee : Deputy CIT v. Savla Motor Agencies P. Ltd. (Mumbai) p. 583
>> Charitable purposes : Activities not only religious but also charitable, entitled to exemption u/s. 11 : ITO v. Emmanuel Bible Institute Samiti (Jaipur) p. 593
>> TDS on payments made in previous year relevant to AY 2005-06, time limit for deposit with Government governed by unamended provision, disallowance of business expenditure proper : Bharati Shipyard Ltd. v. Dy. CIT (Mumbai) [SB] p. 599
>> Contributions to ESI and PF after due date in relevant enactment but before close of previous year, allowable u/s. 43B : Bharati Shipyard Ltd. v. Dy. CIT (Mumbai) [SB] p. 599
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