| Sr |
Authority |
Section/Rules |
Ratio(s) |
| Sr |
Citation |
Subject(s) |
Case(Name of Assessee) |
| 1.1 |
SC |
I.T ACT |
Compensation for loss of source of Income - Capital Receipt unless
the said source is trading asset of assessee.. |
| 1.2 |
236 ITR903 (SC) 19 |
Rvenue/Capital |
Oberoi Hotels Pvt. Ltd. |
| 2.1 |
SC |
IT ACT |
Book entry in the books of Drs. - made unilaterally after limitation
period would not cancel the liability Sec 41(1) should not apply. |
| 2.2 |
236 ITR 518(SC) |
Sec 41(1) |
Sugali Sugar Works Pvt Ltd. |
| 3.1 |
SC |
IT ACT |
Interest on borrowed capital for machinery - allowed as business deduction
- even if machinery is not put to use. |
| 3.2 |
236 ITR 471 |
Interest |
Associated Fibre & Rubber. |
| 4.1 |
MAD HC |
IT ACT |
Sale of constructed bldg. - Capital gains bifurcated into LT &
ST -based on holding period of Land/building. |
| 4.2 |
236 ITR 51 |
Capital Gains |
Dr. D.L Ramachandra Rao. |
| 5.1 |
ALL HC |
I.T |
Failure of assessee to claim relief for past years - No bar to claim
on remaining years as each year is independent. |
| 5.2 |
236 ITR 130 |
80IA |
Laxmi Metal Industries. |
| 6.1 |
MAD |
I.T |
There must be actual flow of cash from Co. to shareholders for computing
deemed dividend. |
| 6.2 |
236 ITR 1003 |
2(22)(e) |
Smt. Savitri Sam |
| 7.1 |
MUM |
I.T |
Requirement for deduction u/s 50- asset falling within a block - No
condition that it should be used in business for that year. |
| 7.2 |
68 ITD 462 |
Sec 50 |
Artic |
| 8.1 |
CAL |
I.T |
No penalty u/s 271B for delay in filing Audit report u/s 44AB. Report
filed well before assessment & purpose of sec. 44AB fulfilled. |
| 8.2 |
68 ITD 560 |
44AB/271 B |
Indian Handloom Textiles |
