80IB is allowable for disallowance u/s 40(a)(ia) also

 M/s. Kashmir Udyog I.T.A. No.124(Asr)/2011 21-8-2012
M/s. Singla Cabales, Jammu, in ITA No.147(Asr)/2012 1-6-2012
M/s. Sun Pharmaceuticals, in ITA No.184(Asr)/2009, dated 11.06.2010
Sunandan Aggaral ITA 166/2012 dated 26-7-2012

Presumption however strong can not replace evidence

i. M/s. Monga Metals Pvt. Ltd, vs. ACTI(2000) 67 TTJ 247 (Allahabad).
ii. M/s. Elite Developers Vs. DCIT(2000) 73 ITD 379 ( Nagpur Tribunal)
iii. DCIT Vs. D.N. Kamani ( HUF) (1999) 70 ITD 77 ( Patna Tribunal)
iv. JCIT Vs. Gramophone Company of India Ltd, (2004) 265 ITR (A.T) 46  ( Kolkata Tribunal)
v. CIT vs. Ram Narain 224 ITR 180 (P & H)

Ancestral Property in revenue records can be assessed in Hands of HUF only

I.T.A. No.48(Asr)/2011 Amarbir Singh dtd 23-08-2012
In this assessee deposited cash in bank account out of sale proceeds of ancestral property. Held to assessable in hands of HUF by CIT(A) and ITAT

Wrong Claim by assessee does not tantamount to inaccurate particulars

Supreme Court in Reliance Petro Products 322 ITR 158

Order regarding stay of demand must discuss prima facie case

KLM Royal Dutch Airlines and Anr. v.Deputy Director of Income Tax, (2011) 332 ITR 224 (Delhi) in
support of the contention that the order should be a composite one and specifically deal with various elements such as existence of prima facie case etc.

Delhi High Court Reiterated it in case of Virgin Mobile India Private Limited dtd 17-8-2012 W.P. (C) 4983/2012

Stay of Demand under s.220(6)-CBDT Circulars

Board’s letter F.No.1/6/69-ITCC (Instruction No.96)
Minutes of the 8th Meeting of the Informal Consultative Committee held on 13th May, 1969 –
Implementation of assurance given regarding stay of recovery in certain cases – Sec. 220(6) of the IT Act,

Registration u/s 12AA to be granted even if no activity carried out

Delhi High Court ITA 1687/2010  16-08-2012

FOUNDATION OF OPHTHALMIC & OPTOMETRY RESEARCH EDUCATION CENTRE
Case Represented by CA Ved Jain
Cases Relied by Assessee Counsel

Sanjeevamma Hanumanthe Gowda Charitable Trust vs. Director of IT (Exemption) (2006) 203 CTR (Kar)
533 : (2006) 285 ITR 327 (Kar)

IT Training company educating storage networking held charitable

The main objects of the   assessee, a non-profit company under Section 25 of the Companies Act are   as follows :
     1. To promote, educate and train professionals as well as IT and end
  users in Public and Private sectors working in the field of Information
  Technology, Advancement in the adoption of storage networking as complete
  and trusted solutions, to lead the storage industry in developing and
  promoting standards, technologies and educational services to empower
  organization in the management of information, not with motive of profit.