Judgements and Orders, Supreme Court and High courts of India
Registration of: Charitable trust - Limitation for: Passing
CA. Amit Daga 31 March 2008 at 09:26
SC: DTA will override the provisions of Income Tax Act
CA. Amit Daga 31 March 2008 at 09:26
The Supreme Court has reiterated in its judgment, Dy Commissioner of Income Tax vs Torqouise Investment & Finance Ltd, the principle that Double Taxation Avoidance Agreement (DTAA) entered into by the Government of India with foreign governments woul
Section 14A of the Income-Tax Act,
CA. Amit Daga 28 March 2008 at 10:09
Interest earned from income tax dept.
CA Praveen Chopra 27 March 2008 at 20:45
Interest earned from Income Tax Department & staff loans to be assessed under 'other sources'; Interest on Credit sales is business income; When profit is negative, deduction under Section 80 HHC is nil
CBDT Clarification on Amendment to Section 271 of Income Tax
CA. Amit Daga 27 March 2008 at 17:15
SC decides determinant for excise duty exemption
CA. Amit Daga 27 March 2008 at 10:48
Valuation in Customs
CA Praveen Chopra 26 March 2008 at 16:01
valuation -Merely because supplier was holding 30% of equity in share capital of buyer does not establish mutuality of interest - Burden to prove undervaluation lies on Revenue
Non compete fees
CA Praveen Chopra 26 March 2008 at 14:12
Non-compete fee paid to ward off competition but no period recorded in agreement - Since no capital asset created nor any advantage of enduring nature acquired, it is business expenditure, eligible for deduction
Service Tax Credit
CA Praveen Chopra 26 March 2008 at 12:14
Security Services utilized by appellant for residential colony - whether eligible for Cenvat Credit - Matter remanded as Commissioner(A) has passed a non-speaking order
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