Income Tax Judgements
Income from housing property or Income from business ::
CA.Saibaburao Nanduri 07 October 2007 at 14:42
Held by the Hon`ble Bench that, neither the construction of hotel is completed nor the hotel business is commenced. Therefore rental income received by the assessee is not assessable under the head " Income from business".
Section 11(2)
CA.Saibaburao Nanduri 06 October 2007 at 16:11
Held by the Hon`ble Court that, a perusal of the annual report and overview of the projects clearly shows that the projects were in consonance with the objectives sought to be achieved by the assessee, which were for the benefit of adolescent girls a
CIT(A) enhancing assessed income without notice:
CA Nikita 06 October 2007 at 00:07
LTCG-Double benefit or additional relief is not a taboo under the law : Advance Ruling
CA Nikita 06 October 2007 at 00:07
Capital Or Revenue Expenditure ::
CA.Saibaburao Nanduri 05 October 2007 at 13:14
Held by the Hon`ble Court that, explanation 1 of section 32(1) does not apply in a case of construction on the land which is taken on lease by the assessee, assessee did not acquire a capital asset but had put up a construction of the building only f
Depreciation u/s 32
CA Nikita 05 October 2007 at 11:12
Depreciation u/s 32 - Deduction to be allowed even on 'passive' use of assets : ITAT Third Member
Section 115JB - Minimum Alternate tax
CA Nikita 04 October 2007 at 19:55
In the ITAT Jaipur Bench 'B' Maharaja Shree Umaid Mills Ltd. v. Assistant Commissioner of Income-tax, Circle-6, Jaipur
Section 115JB, read with section 154, of the Income-tax Act, 1961
Ravikumar.G 04 October 2007 at 16:20
Section 115JB, read with section 154, of the Income-tax Act, 1961 - Minimum Alternate tax - Assessment year 2002-03 - Whether deferred tax liability is neither income-tax ‘paid’ or ‘payable’ nor a ‘provision’ against same, but it is nevertheless an a
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