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Income Tax Judgements


Assessment of deceased person

  CA. A. Kumar    10 July 2008 at 17:57

Case Fact: Whether assessment framed by the Assessing officer against a dead person without bringing the legal representative on record was justified.

Posted in Income Tax |   31 Views



Case Fact: Whether the Tribunal can confirm the order of Commissioner (Appeals) without giving reasons.

Posted in Income Tax |   31 Views


Clubbing of income u/s 64(1)(i)

  CA. A. Kumar    10 July 2008 at 17:57

Case Fact: Whether there was obligation on the assessee to disclose the income which arose to his wife and so the assessment could be reopened u/s147(a) of the Income Tax Act,1961.

Posted in Income Tax |   37 Views


Capital or revenue expenditure

  CA. A. Kumar    07 July 2008 at 18:39

Case Fact: Whether amount paid to stock exchange as non-refundable deposits for acquiring OTC membership is a capital expenditure or revenue expenditure?

Posted in Income Tax |   47 Views


Concealment of Income

  CA. A. Kumar    07 July 2008 at 18:39

Case Fact: Whether demonetised high denomination notes having no value be regarded as unexplained money and treated as concealment of income?

Posted in Income Tax |   43 Views


REVISION

  CA. A. Kumar    07 July 2008 at 18:39

Case Fact: Whether mere opinion of the commissioner that the order is prejudicial to the interest of revenue leads to revision of the order passed by A.O.

Posted in Income Tax |   28 Views


Income from House Property

  CA. A. Kumar    07 July 2008 at 18:39

Case Fact: Whether A.O. is justified in adding interest on interest free loan given by lessee to the lessor as notinal rent to compute the Income from House Property

Posted in Income Tax |   29 Views


Balancing Charge u/s 41(2)

  CA. A. Kumar    07 July 2008 at 18:39

Case Fact: Whether the entire sales proceeds of asset can be treated as the profit chargeable to tax in case the written down value of the asset sold was not ascertainable.

Posted in Income Tax |   65 Views



Case Fact: Whether in a sale of the entire undertaking (bakery) as a whole, if two separate documents with respect to movable and immovable (Land) assets are executed, the provision of section 50 of Income-tax Act, 1961, will be applicable?

Posted in Income Tax |   33 Views



Case Fact: Whether amount paid by the assessee to lawyer for seeking tax and legal implications of an project, for which he was retained by the company to conduct a study and render his opinion, deductible u/s 57(iii)?

Posted in Income Tax |   47 Views