1.   TEHRI HYDRO DEVELOPMENT CORPORATION (Uttarakhand High Court) [Related to section 57(iii)] 

Deductions to the extent of 2.5% towards administrative costs on the interest income on short term deposits allowed & the interest and rent received from employees and oustees had a nature of capital receipt, as the construction process was still on and the assessee had yet not started the business activity.

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2.   SHRI RAJESHWARI COTTON GINNING (Karnataka High Court) [Related to section 139(4)] 

Doctor's certificate for concerned partner's illness, is reliable for condoning delay in ITR/ROI filing.

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3.    M/S POLYFLEX (INDIA) PVT. LTD. (Karnataka High Court) [Related to section 220(2) & 234B] 

Waiver of interest u/s 220(2) and 234B.

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4.    SHRI. P.L. GANDHI (Madras HC) [Related to section 143(2)] 

If it was legally obligated upon the appellant to have issued the said notice on or  before 31.03.1999 then the Tribunal's conclusion of having annulled the order of assessment on that score being valid in law, the same cannot be found fault with.

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 CA. Kapil Goel, Moderator-Direct Taxes, Mob:9910272806, cakapilgoel@gmail.com

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