Income Tax Judgements
Additions can be made in an illegal survey.
kavita jain 11 March 2008 at 23:27
S. 133A - Additions can be made on basis of materials collected during course of illegal survey.
Revision not justified only because A.O .has taken a view ..
kavita jain 11 March 2008 at 23:27
S. 263 - Revision - Exercise of power under S. 263 by CIT would not be justified only because Assessing Officer has taken a view in favour of assessee. -
Business expenditure- Commitment charges and finance charges
kavita jain 11 March 2008 at 23:27
The assessee-company had borrowed foreign currency loan from IDBI which in turn was refinanced by the foreign company. It paid commitment charges and finance charges to the said foreign company. The questions that arose for consideration were as to (
Maintainability of appeal before Tribunal
Aisha 06 March 2008 at 11:00
challenges HC decision - ref. U/s 256
pushpendra 05 March 2008 at 23:14
This appeal challenges the decision of the Madras High Court in reference under section 256 (1) of the IT Act, 1961, in which the following question was referred by the Tribunal at the instance of Revenue which was adjudicated against it.
Computer software - revenue or capital expenditure ?
CA Sudheer 26 February 2008 at 12:57
Capital Gain on Compulsory Acquisition
Arvind Mantri 25 February 2008 at 15:42
When the award of the reference court enhancing the compensation is stayed and an interim payment is ordered as condition of such stay or otherwise and is paid, pending final decision, neither of the two conditions are satisfied. The amount received
Unexplaines Investments
Rahul Tibrewal 19 February 2008 at 10:14
Whether the amount of unexplained cash credits are to be added in the total income of the firm even though the amount was already included in the total income of the partners.
Capital or Revenue Receipts
Rahul Tibrewal 19 February 2008 at 10:14
Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.
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