A funny case law (income tax act)

Page no : 4

Nikhil Kaushik (Fellow CA) (85700 Points)
Replied 17 March 2014

Agreed with bala...

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MUSTAKIM PATEL (Artical) (67 Points)
Replied 17 March 2014

Ohhh rely gud......very useful information that

Ankit Agrawal (Tax Consultant) (35 Points)
Replied 17 March 2014

he is a reputed one in delhi

Nikhil Kaushik (Fellow CA) (85700 Points)
Replied 17 March 2014

yes Ankita he very much is.

Kartik Shetty (Industrial Trainee) (109 Points)
Replied 17 March 2014

Wow...thank you friends for all your views. It is great to think from various perspectives and to know different people can have different interpretations. Special thanks to Nikhil.

1 Like

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Nikhil Kaushik (Fellow CA) (85700 Points)
Replied 17 March 2014

thanks for the appreciation Kartik.

Dr. Krishna Prabhakar (Others) (35 Points)
Replied 18 March 2014

If susch a claim was allowed then the expenses on food and clothing can also be claimed as exepenses as they are needed for living and surviving and if a person cannot liove he cannot earn. This shows the difference beteween personal exepenses( which are needed irrespective of earning income or not) and business exepenses !

(Guest)

If heart is plant and machinery, what would be the cost of acquisition?

No wonder the lawyer didn't give his heart to anyone ..

Nikhil Kaushik (Fellow CA) (85700 Points)
Replied 18 March 2014

l @ madhavi - funny analogy...lolz

1 Like

Supreeth Sharma (CA Final) (113 Points)
Replied 18 March 2014

It is well said that we must corelate concepts with real life situations for better understanding and practicality. I think Lawyer Mr. Shanti Bhushan took it more seriously beyond limits.

Though remembering names of opponent and deponent in case laws are a bit difficult for me, i could easily remember in this case and was able to present it right in my exam.

I am sure i could remember his name because of the fun part in the case law :)