thanks for sharing
Nabeel
(CA)
(3288 Points)
Replied 19 November 2011
Thanks a lot sir........ I didn't knew this rule............. Thanks for sharing.........
Gaurav
(CA FINALIST)
(66 Points)
Replied 19 November 2011
But the TATA TEA JUDGEMENT WAS OVERRULED BY EXPL.1 OF SEC 37(1)
manoj kumar
(student)
(41 Points)
Replied 19 November 2011
Thanks sir for bringing the fact to our knowledge.
The decision given by the judge is very gud.Its right that ransom paid to save anyone's life is not the offence. This decision shows that how a right interpretation can be derived.
The wrong intention of department is nullified by the court by giving a different definition to the provisions of section 364 A.
The refusal of deduction would have been the injustice to the Asseesee.
Thanks a lot again sir.
sharad rai
(learner )
(178 Points)
Replied 19 November 2011
IT IS NOT NECCESSARY THAT RANSOM AMOUNT IS TRUE TELL BY DEDUCTEE, IT ALSO TELL MAXIMUM AMOUNT, NO RECIEPT IN THAT TYPE OF CASES IS RECIEVED . HOW ;S THE AMOUNT JUSTIFIED.
CS Alok Mishra
(Income Tax Practitioner)
(786 Points)
Replied 19 November 2011
Strange but rational.
sanath
(Chartered Accountant)
(299 Points)
Replied 19 November 2011
@ sharad rai.
You believe the honourable judge ruluing in favour of the assessee would not have been even this diligent?
You must understand that an amicus curae was appointed in this case.
Sanath
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 19 November 2011
Thanks for information
well i knew that already ....
Sudheer
(JOB)
(31 Points)
Replied 19 November 2011
ya this was decided by high court (i think mum HC)
bt there is logic behind this....
as the employee is on duty.. its employeers responsiblity if ant think happen to them...
as we see in case of accident in factory or any kind of expenditure incured or given to employee for that. that also alowable exp.
so i thnk HC take the right decision. n rather say good decision....
APOORV SAXENA
(Chartered Accountant)
(794 Points)
Replied 19 November 2011
Sourav Banerjee MA,MSW
(Shabda Bramha)
(8842 Points)
Replied 19 November 2011
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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