Income Tax Judgements
Capital Gain::
CA.Saibaburao Nanduri 19 May 2008 at 17:16
Held by the hon`ble bench that section 54F does not mention any sub-section of section 139, thus it cannot be interpreted as section 139(1). The amount of consideration from the sale of shares utilised before the date of filing of return u/s 139(4) i
Interest on Money Borrowed
CA.Saibaburao Nanduri 18 May 2008 at 16:45
Held that in order to allow interest paid on borrowings in case of partnership firms, the assessee first to establish that it is allowable u/s 36(1)(iii) and then it does not exceed amount in excess of the limit laid down in sec. 40(b)(iv). Also held
Unaccounted Income ::
CA.Saibaburao Nanduri 18 May 2008 at 16:37
Held by the Hon`ble Court that, whenever there is concurrent finding by the below authorities no interference should be called for by the high court.
Income from housing property or business income::
CA.Saibaburao Nanduri 18 May 2008 at 16:33
Held by the Hon`ble Bench that the income obtained was not merely because of the bare letting of the premises but also because of the facilities and services rendered and just as utilisation of accommodation for providing board and lodging facility t
Section 80-IB of Income Tax Act
CA Pawan Goswami 08 May 2008 at 00:55
Section 80-IB of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial undertaking other than infrastructure development undertakings - Assessment year 2001-02 - Whether duty drawback is profit or gain derived from business of an
Signing and Return of Income
CA Pawan Goswami 08 May 2008 at 00:55
A return of income which is signed and verified by a person other than one authorized under Act, shall be treated to be defective which would be amenable to provisions of sections 292B and 139(B)
Section 37(1) of the Income-tax Act, 1961
C.rajesh 19 April 2008 at 01:21
Section 147, read with section 148, of the Income-tax Act, 1
C.rajesh 19 April 2008 at 01:21
Section 147, read with section 148, of the Income-tax Act
C.rajesh 19 April 2008 at 01:21
Section 10B, read with section 10A and section 28(i),
C.rajesh 19 April 2008 at 01:21
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