Back
R.P.TOLANI, G.E.VEERABHADRAPPA
Birlasoft (India) Ltd. – Appellant
Versus
Deputy Commissioner of Income-tax, Circle 12(1), New Delhi – Respondent
G.E. Veerabhadrappa, Vice President. - By this stay application, the assessee requests the Tribunal to stay the following demand raised for the assessment year 2006-07 :—
| Income-tax | Rs. 20,08,89,703 | |
| Interest | Rs. 10,24,32,139 | |
| Total | Rs. 30,33,21,842 | |
| Balance outstanding | Rs. 30,33,21,842 | |
2. For the assessment year 2006-07, the assessee filed a return of income on 31-11-2006, clearing loss of Rs. 22,64,57,900. The assessment was completed vide order dated 27-4-2010 passed under section 143(3) read with section 144C of the Income-tax Act, 1961, assessing the total income of the assessee at Rs. 59,68,20,270, inter alia making the following additions and disallowances :
(i)addition of Rs. 45,15,21,255 on account of international transactions
(ii)Disallowances of set-off of losses of STPI units amounting to Rs. 22,65,96,783
(iii)disallowance of travelling expenses to the tune of Rs. 14,07,18,569.
3. The entire demand that is disputed is the result of above three additions and disallowances. The major dispute is in relation to addition in respect of international transactions. The assessee is engaged in the business of software
The main legal point established in the judgment is the binding effect of the settlement between the parties, the waiver of the right to seek re-employment by the workmen, and the entitlement of the ....
A lockout is justified if it is declared in response to an illegal strike or a strike that is in breach of a settlement or award.
The combination of eyewitness testimonies, recovery of the weapon used, and forensic examination results can establish guilt in criminal cases, even based on circumstantial evidence.
The conviction of an accused person under Section 27(3) of the Arms Act is not permissible in law if the accused is also charged with committing murder under Section 302 of the Indian Penal Code.
The court can enhance compensation based on the deceased's income and family dependency, and adjust the multiplier used by the Tribunal if found unjustified.
A valid signature must be in the candidate's own handwriting, as emphasized by the General Clauses Act and relevant case law.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
