1.      SPORTKING INDIA LIMITED (Delhi High Court) [Related to section 80IA / 80IB]

The issue which falls for consideration is, whether the insurance claim which has been received cannot be considered while making deductions in respect of the profits and gains from an industrial undertaking under Section 80-IA.

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2.      WHIRLPOOL OF INDIA LTD.  (Delhi High Court) [Related to section 3]

When can the assessee be said to have set up its business. Is the expression “setting up of the business” same as “commencement of business?”  

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3.      SONIA MAGU (Delhi High Court)

Once the assessee was able to duly explain the source of purchase of the entire disputed jewellery, we are of the opinion that the CIT(A) committed an error in falling back on the conditional offer given by the assessee before the A.O. along with the return in Form 2B.

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