Tax Law

International Sufi Centre Vs DIT, Bangalore (Dated: January 25, 2011)

Income Tax - Section 80-G - Whether when assessee preaches Sufism, a part of Islam religion, it can even then claim Sec 80G benefits as a charitable organisation. - Assessee’s Appeal dismissed: KARNATAKA HIGH COURT;

CIT, Bangalore Vs M/s Expert Outsource (P) Ltd (Dated: March 1, 2011)

Income Tax - Sections 10A, 143(3) - Whether Sec 10A benefits are available even after an existing unit is converted into STPI Unit. - Revenue’s appeal dismissed: KARNATAKA HIGH COURT;

CIT, Bangalore Vs M/s Deccan Creations Pvt Ltd (Dated: January 31, 2011)

Income Tax - Section 115JAA& 234B, 234C - Whether MAT credit can be given before charging interest u/s 234B and 234C. - Revenue's appeal dismissed: KARNATAKA HIGH COURT;


Cartini India Ltd Vs ACIT, Mumbai (Dated: March 16, 2011)

Income Tax - Sections 143(3), 147, 148 - Whether reopening of an assessment completed under section 143(3) of the Act is permissible merely on the basis of new opinion formed on the same material which happened to be the material of Sec 143(3) assessment.- Assessee's appeal allowed: MUMBAI ITAT;

M/s Stratcap Securities (I) Pvt Ltd Vs DCIT, Mumbai (Dated: February 25, 2011)

Income Tax - Section 37 - Whether expenses incurred for fixing doors and other structures in a rented premises are capital in nature - Whether climatic conditions entitle an assessee for some percentage of such expenses - Assessee's appeal partly allowed: MUMBAI ITAT;