CHENNAI PROPERTIES& INVESTMENTS LTD., CHENNAI CIVIL APPEAL NO. 4494 OF 2004The appellant-assessee is a company incorporated under the Indian Companies Act. Its main objective, as stated in the Memorandum of Association, is to acquire the properties in the city of Madras (now Chennai) and to let out those properties. The…

Supreme Court of IndiaI.C.D.S. Ltd. vs. CIT & Anr on 14 January, 2013 D.K. JAIN, J.1. In all these appeals, by grant of special leave, by the Revenue, the common question of law relates to the claim of the assessee for depreciation under Section 32 of the Income Tax Act,…

Madras High CourtCIT vs. Smt. A. Sivakami on 23 November, 2009 (Judgment of the Court was delivered by K.RAVIRAJA PANDIAN,J.) The revenue has come up on appeal against the common order of the Income Tax Appellate Tribunal, Madras 'D' Bench, dated 21.9.2007 passed in I.T.A.Nos.2805 and 2806/Mds/2005 against the assessees-…

Delhi High Court Cit vs. K And Co. on 14 February, 2013 BADAR DURREZ AHMED, J (ORAL) These six income tax references pertaining to the assessment years 1989-90 to 1993-94 raise the following questions :- "Assessment Year 1989-1990:(1) Whether, on the facts and in the circumstances of the case, the…

Supreme Court of IndiaHonda Siel Cars India Ltd. vs CIT on 9 June, 2017 (2) M/s. Honda Motors Company Limited, Japan (hereinafter referred to as HMCL, Japan) had entered into a joint venture dated September 12, 1995 with M/s. SEIL Ltd., a company incorporated under the Indian Companies Act. After…

Supreme Court of India CIT vs. Saurashtra Cement Ltd. on 9 July, 2010 This appeal, by special leave, at the instance of the Revenue is directed against the judgment and order dated 27th June, 2001 delivered by the High Court of Gujarat at Ahmedabad in Income Tax Reference No.44 of…