Income Tax Judgements
Section 142(2A)
CA. Shikha 23 December 2008 at 11:41
Whether, order for preparing fresh books u/s 142(2A) by A.O. is justified in law?
Penalty only on satisfaction that is recorded
Taxguy 23 December 2008 at 11:41
Depreciarion in case of conversion of firm into Co.
Jitender 14 December 2008 at 13:47
Section 37(1), read with section 170, of the Income-tax Act, 1961 - Business expenditure - Allowability of - Assessment year 1998-99 - Assessee-company was incorporated through conversion of a partnership firm - It claimed deduction of payment of sal
MAT- Prov for Bad Debts to be allowed for certain lia.
Jitender 14 December 2008 at 13:47
Section 115JA of the Income-tax Act, 1961 - Minimum alternate tax - Assessment year 1997-98 - Whether for purposes of computing book profit under section 115JA, provision made by assessee for bad and doubtful debt can be added back to net profit only
Commission at Fixed Rate
Member (Account Deleted) 26 November 2008 at 11:52
Case Name: Appellants:- Gestetner Duplicators Pvt.Ltd. Respondent:- Commissioner of Income Tax, Decided on: 14.12.1978 Assessee's claim for deduction under section 36(1)(iv) of the Indian Income Tax Act 1961 in respect of three sums of
Valuation of Closing Stock
CA. Shikha 24 November 2008 at 12:06
Whether, different method for valuation of part of closing stock is permissible under law?
Allowability of capital expenditure by tenant
Jitender 18 November 2008 at 20:05
The cost of repairs incurred by an assessee-tenant in respect of tenanted premises would have to be allowed under section 30(a)(i); the question of disallowing such an expenditure and relegating the assessee to claim depreciation under section 32 do
Change in method of valuation of closing stock under section
CA Pawan Goswami 17 November 2008 at 13:41
When on account of application of section 145A a change is per se forced upon the assessee in the valuation of its closing stock, a corresponding adjustment in opening stock has to be carried out for consistency
Allowability of expenditure towards renovation of rented pre
CA Pawan Goswami 17 November 2008 at 13:38
The cost of repairs incurred by an assessee-tenant in respect of tenanted premises would have to be allowed under section 30(a)(i); the question of disallowing such an expenditure and relegating the assessee to claim depreciation under section 32 doe
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