Income Tax Judgements
Deals before 2006 were speculative, rules ITAT
Aditya Maheshwari 14 September 2009 at 13:27
All F & O transactions before 2006 to be held as speculative
Set off of losses under STCG
Aditya Maheshwari 14 September 2009 at 13:27
Set - off of short-term capital loss which has been subject to STT against short-term capital gains arising on off-market transactions including buy back / open offer, etc., which are not subject to STT
Derivatives will also fall within meaning of `commodity'
Aditya Maheshwari 14 September 2009 at 13:27
If it is held that the transaction in derivatives does not fall in section 43(5), it will make clause (d) and Explanation thereto below section 43(5) introduced by Finance Act, 2005 to be redundant.
Stock Exchange card NOT eligible for Dep
Aditya Maheshwari 14 September 2009 at 13:27
Stock Exchange card is NOT an intangible asset eligible for depreciation
Income Tax Settlement Commission
n murali 05 September 2009 at 12:11
In both the writ appeals, one filed by the firm and the other by the partner of the firm, as a common question of law is involved, they are being heard together and disposed of by this common judgment.
Penalty U/s 271(1)(C)
Venkat Rao Marella 05 September 2009 at 12:11
Penalty under section 271(1)(c)-Concealment-Addition to income based on estimate basis-Where in a case there is nothing on record to substantiate that there was failure on part of assessee to return correct income penalty under section 271(1)(c) cann
DDIT v/s M/s Saraswati Holding Corporation Inc.
Jinesh Bhagdev 05 September 2009 at 12:11
Delhi Tribunal reaffirms that the taxpayer can claim the benefits of a double taxation avoidance agreement between India and Mauritius on the basis of a tax residency certificate
judgment on INCOME TAX
Sumit Jain 30 June 2009 at 14:45
The Revenue has preferred the present appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) against the judgment of the Income Tax Appellate Tribunal (hereinafter referred to as the ‘Tribunal’) dated 19.05.2006
judgment on INCOME TAX
Sumit Jain 30 June 2009 at 14:45
In both the writ appeals, one filed by the firm and the other by the partner of the firm, as a common question of law is involved, they are being heard together and disposed of by this common judgment.
upreme Court in Baidyanath on Classification of Commodity in
Sanjeev Jain 30 June 2009 at 14:45
The primary object of the Excise Act is to raise revenue for which various products are differently classified in New Tariff Act.
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