STORY ON DT CASE LAW NOV.

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SHANKAR KRISNAN loan lene ke liye SUNDRAM FINANCE LTD. ke pass gaya . Loan milane ke baad usne soocha ki ek golf club ka membership le lu,toh woh GROZ BECKERT ASIA LTD. gaya.Jab woh waha se nikla toh usne soocha ki ghar banana ke liye cement RASSI CEMENT LTD. se le lu aur ek auto v hire par chalane ke liye le lu eske liye woh AMTEK AUTO LTD. ke pass gaya aur ek auto lay le.
Shanker ne soocha ki loan ke paise ko market mein invest karu iske liye wah J.K INVESTORS ke pass gaya

J.K INVESTORS ne usay 3 COMPANY. mein paisa lagane ki slaah di. 1. SAIL. 2. I.C.D.S LTD. 3. M.M FORGINGS LTD.
Uski slaah le kar Shanker ghar lotne laga .Usane soocha ki kuch kapde REGALIA APPARELS PVT. LTD. se lu. Kapde le kar jab waha se nikla toh uske friend KAMAL WAHAL aur SAYED ALI ADIL mil gaye usne market mein investment ki baat unse share ki ,tab kamal wahal kahata hai ki tum apna paisa

ANDRA FERRO ALLOYS P. LTD. MEIN invest karo kyoki yeh co. uske friend SUDHIR NAGPAL ka hai. SAYED ALI ADIL kahata hai ki tum apna paisa SWARNAGIRI WIRE INSULATION PVT. LTD.me invest karne ki slaah di kyunki yeh Company uske friend AMIT JAIN ka hai.
Shanker apne dosto ki baate se confuse ho gaya.Woh apne ek C.A friend HARDARSAN SINGH ,jo

PRICE WATER COPPER PVT. LTD. jo ek C.A firm hai usme partner hai ,milne ki baat sooche. Usne apne friend HARDARSAN SINGH se saare baate share ki .tab uske friend ne usay 2 option diye. 3
Company jo

1. SAHARA HOSPITALITY LTD. 2. SANCHIT SOFTWARE AND SOLUTION PVT LTD. 3. CELETRONIX POWER INDIA.
mein invest kar YAA 2. GREAT CITY MANUFACTURING CO. mein partner banana ki slaah di. Eske liye shanker ko

AHMEDABAD STAMP VENDORS ASSOCIATION ke pass jakar stamp paper lane ko kaha.

STORY ON DT CASE LAW NOV.13

SL NO. 1 2 3 4 5 6 7
CASA NAMES SHANKAR KRISHAN V. ACIT SUNDARAM FINANCE LTD V. CIT GROZ BECKERT ASIA LTD V. CIT RASSI CEMENT LTD. V.CIT AMTECK AUTO LTD V.CIT J.K.INVESTORS V.CIT I.C.D.S LTD. V.CIT Perqusite value Sale Tax liability Glof membership fee Power subsidy is Trading Receipt MAT U/S 115JB Service Agreement Depreciation on leased vechile - to lessor Waiver of loan to reduce cost of asset.EXPLANATION 10 OF SEC.43(1) Additional Depreciation resticted to 50% Bank Guarantee by EXPORT PROMOTION COUNCIL Exemption u/s 54Fpurchased exclusive in the name of asseesee's . Exemtion u/s 54 in respect of purchase of 2 flats,havinf a common meeting point. Unpaid electrical charges is outside the purview of Sec.43B Rental income from PLINTHS - Taxable under IFOS BASE IFS BAISC BAISC BAISC PENALTIES IFHP PGBP

8 9 10

STEEL AUTHORITY OF INDIA LTD. V.CIT M.M.FORGINGS LTD. V.ACIT REGALIA APPARELS PVT. LTD.

PGBP PGBP PGBP

11

KAMAL WAHAL V.CIT

CG

12

SYED ALI ADIL V.CIT

CG

13 14

ANDHRA FERRO ALLOYS P. LTD. V.CIT SUDHIR NAGPAL V. ITO SWARNAGIRI WIRE INSULATIONS PVT. LTD. V. CIT

PGBP ASSESSMENT

15

Unabsorbed depreciation u/s 80-IA Can reporting of income under different head- attracts penalty u/s 271(1)(c). Commission Agency Business - arrangement of lorries. Payment of Gratuity in return which is disallowed whether attrracts penalty u/s 271(1)(c) Opportunity of begining heard- mandatory.

DRGTI

16 17

AMIT JAIN V. CIT HARDARSHAN SINGH V. CIT

PENALTIES TDS

18 19

PRICE WATER COPPER PVT. LTD.V. CIT SAHARA HOSPITALITY LTD. V. CIT SANCHIT SOFTWARE AND SOLUTION PVT. LTD. V. CIT

PENALTIES IT AUTHORITY

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Revised Return after the specified time limit. Disallowance of Deduction under chapter VI-A due to subsequent decision of SC. Remuneration paid to working partners

APPEAL

21 22

CELETRONIX POWER INDIA P. LTD. V. CIT. GREAT CITY MANUFACTURING CO. V. CIT

PENALTIES PGBP

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AHMEDABAD STAMP VENDORS ASSOCIATION V. CIT Discount on Stamp papers- to attract TDS U/S 194H. TDS