Judgements by kavita jain
View Full Profile
Interest on borrowed capital
kavita jain 13 March 2008 at 23:12
In August/September 1999, the assessee-firm granted interest free advances to its sister concerns which were disallowed by the department on the ground that the said advances were not given from the assessee’s own fund, but from the interest bearing
Perquisites- Rule 3(5), Income-tax Rules,1962- Applicability
kavita jain 13 March 2008 at 23:12
The assessee, a public school, had been charging concessional fees from the children of the employees studying in the school at the rate of 50 per cent in respect of the standard/normal tuition fees, ancillary fees and computer fees and at the rate o
Section 271(1)(c) – Penalty
kavita jain 13 March 2008 at 23:12
Penalty for concealment of income. Evidecne led by the assessee not malafide or false. Tribunal concurred with the finding of the lower authorities. on Appeal, order of the Tribunal upheld.
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 (
Interest earned by bank on dated Govt. securities-Taxability
kavita jain 18 February 2008 at 09:50
Section 2(7), read with section 4, of the Interest-tax Act, 1974.
Allowability of Business expenditure .
kavita jain 17 February 2008 at 23:05
There are a number of tests which are required to be considered while deciding whether the expenditure was revenue or capital in nature. A number of judgments have been cited before us in that regard. However, in the absence of the requisite details
Interest earned by bank on dated Govt. securities-Taxability
kavita jain 17 February 2008 at 23:05
Section 2(7), read with section 4, of the Interest-tax Act, 1974.
Sales made through export houses- Deduction u/s 80HHC(3).
kavita jain 16 February 2008 at 10:09
In the instant case, the matter was to be remitted to the Assessing Officer for the following reasons. Firstly, in the instant case there was no factual finding recorded by the High Court as to whether the ‘sales made through the export houses by the
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
