| Sr |
Authority |
Section/Rules |
Ratio(s) |
| Sr |
Citation |
Subject(s) |
Case(Name of Assessee) |
| 1.1 |
TRIBUNAL |
I.T |
No disallowance of depriciation in case assessee got the possession
but not transferred property in his name. |
| 1.2 |
Sep'99 B.C.A.J. 417 |
32 |
ACIT v. Sanghvi Textiles Eng P..Ltd |
| 2.1 |
TRIBUNAL |
I.T |
No penalty for non deduction of Tax if assessee under the bonafide
belief that it was not liable to deduct tax at source.. |
| 2.2 |
Sep'99 B.C.A.J 415 |
271C/273B |
Thermal Power Project,Anpara v. ACIT |
| 3.1 |
BOM |
I.T |
Exemption is availabele even to the Trustee of Family Trust wherein
beneficiaries are specific with definite shares and are individual |
| 3.2 |
237 ITR 82 |
54 |
Mrs. Amy F.Cama v. CIT |
| 4.1 |
MAD |
I.T |
Before the provisions of Sec.2(22)(e) are attracted, there must be
actual flow of cash from the company to the shareholder. |
| 4.2 |
236 ITR 1003 |
2(22)(e) |
Smt.Savithiri Sani v. CIT. |
| 5.1 |
BOM |
I.T |
On conversion of "Tenanted Property into Ownership the period of holding
for LTCG/STCG will be from the date of its conversion. |
| 5.2 |
234 ITR 850 |
2(42A) |
Dr.D.A.Irani |
| 6.1 |
TRIBUNAL |
I.T |
For a receipt to be taxable u/s 10(3) it should have the internet character
of Income and not be Capital Receipt and therefore surrender of tenancy
rights are chargable as Capital Gain. |
| 6.2 |
69 ITD 75 |
10(3)/45 |
J.C.Chandlok |
| 7.1 |
TRIBUNAL |
I.T |
Liquidated Damages termed as Penalty paid for contravention of a contractual
term is allowable since it was not for contravention of any statute. |
| 7.2 |
Sep'99 B.C.A.J 415 |
37(1) |
Dy. CIT v. Hindustan Packaging Co. Ltd. |
