Judgements by CA.Tarun Maheshwari
View Full Profile
Signature on ITR
CA.Tarun Maheshwari 05 March 2009 at 15:46
Return of income : Signature : S. 139 and S. 140 of Income-tax Act, 1961 : A.Y. 2003-04 : Return of income signed by assessee was filed after his death. Not a valid return.
Assessment : Limitation : S. 143, S. 144 and S. 154
CA.Tarun Maheshwari 05 March 2009 at 15:45
Assessment : Limitation : S. 143, S. 144 and S. 154 of Income-tax Act, 1961 : A.Y. 1994-95 : Order giving effect to Appellate order is order inherent in S. 143 and S. 144 : Not an order u/s.154 : Limitation u/s.154(7) not applicable.
Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1)
CA.Tarun Maheshwari 05 March 2009 at 15:45
Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1) of Income-tax Act, 1961 : A.Y. 1993-94 : Ex gratia payment over and above statutory limits prescribed under the Payment of Bonus Act, 1965, is allowable as business expenditure
Interest under Ss 234B and 234C
CA.Tarun Maheshwari 01 March 2009 at 03:17
Credit for MAT before charging of interest u/s.234
CA.Tarun Maheshwari 10 February 2009 at 22:38
Substantial question of law — Whether credit for MAT is to be allowed before charging of interest u/s.234B and u/s.234C of the Act is a question of law.
Allowability of Business Expenditure
CA.Tarun Maheshwari 02 February 2009 at 16:15
Business expenditure — If income from an activity is assessed as an income, expenditure incurred in respect of that activity should be allowed.
Appellate Tribunal : Power of
CA.Tarun Maheshwari 02 February 2009 at 16:15
The Tribunal has power to allow claim for deduction which was not made in the return of income : Assessee claimed 1/5th revenue expenditure on deferred basis: Tribunal can allow full revenue expenditure on accrual basis.
S. 30 of the Income-tax Act
CA.Tarun Maheshwari 27 August 2008 at 18:45
The assessee was engaged in the business of running a hotel. During the year under consideration it had spent a sum of Rs.7.06 lacs on construction of glass curtain wall on the front side of the hotel, which was in addition to the existing building w
S. 10B, S. 32(2) and S. 72 of the Income-tax Act, 1961
CA.Tarun Maheshwari 20 August 2008 at 02:03
For the relevant assessment year, the assessee, engaged in the business of IT-enabled accounting services and software development, claimed set-off of carried forward business loss and unabsorbed depreciation against the income of the unit on which d
S. 54EC _Exemption cannot be denied when investment made in
CA.Tarun Maheshwari 20 August 2008 at 02:03
During the relevant assessment year, the assessee invested her capital gains income in notified bonds and claimed exemption u/s.54EC. The Assessing Officer denied the exemption on the ground that the investment in the bonds was in the joint names whi
CAclubindia
