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It was held by the Hon’ble Supreme Court that there could be no occasion for computation of the benefit on that basis to attract Section 33C(2) of the Industrial Disputes Act, 1947.
The ITAT ruled in favour of revenue on basis of a judgment delivered by the Apex Court in the case of Satyam Infoway Ltd. v. Siffynet Solutions (P.) Ltd. AIR 2004 SC 3540.
Whether the repayment of loan in cash in contravention of the provisions of section 269T of the Income Tax Act 1961 will attracts Penalty u/s 271E of the Income Tax Act, 1961?"
Once allotment is made to less than fifty allottees by way of private allotment the first proviso to Section 67(3) clearly makes it a private issue and not a public issue.
Whether High Court erred in holding that newly registered Trust was entitled for registration under Section 12AA of Income Tax Act, 1961 Act on basis of its objects, without any activity having been undertaken?
Reference is answered by holding that the power of a police officer under Section 102 of the Code to seize any property, which may befound under circumstances that create suspicion of the commission of any offence, would not include the powerto attac
Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold toanother person unless the sale is complete and ownership of the vehicle is transferredto buyer.
ITAT BOMBAY RULED That investments made by an assessee company to exercise control over other investee companies constitutes a business activity.
THE BOMBAY HIGH COURT HAS RULED that the expenditure incurred on development of a new product, in respect of the same business already carried on by the assessee, which subsequently failed to come into existence and was abandoned, is eligible for ded
The Maharashtra Appellate Authority of Advance Ruling (AAAR)- has ruled that the GST is not applicable on charges collected under an unparalleled health scheme.
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