Judgements and Orders, Supreme Court and High courts of India
Valuation of stock
CA. A. Kumar 07 July 2008 at 12:22
Case Fact: Whether A.O. was justified in invoking section 145 to value closing stock at cost or market price which ever is lower where assessee had adopted the policy of valuing its closing stock at market price only
Penalty on EPF delay payment
Muthu Aravind 25 June 2008 at 18:12
IF any delay payments regarding epf AND esi ,chARGED INTEREST RATE IS 12%ON SIMPLE INTEREST
Service Tax on Real Estate
Nilesh Damji Chheda 14 June 2008 at 14:26
judgement of AAR in case of M/s. Harekrishna Developers will increase the already increasing real estate price by charging service tax on real estate devlopers
Business expenses – S. 37(1) – Capital or Revenue expenses
Shefali Bajpai 07 June 2008 at 22:59
Expenditure on replacement of manual cone winders by auto cone winders in textile mill – No cost advantage on such replacement and no increase in installed capacity – Expenditure incurred was revenue notwithstanding large amount was spent - A.Y. 2002
Deductions – Sec. 80HHE – Export of computer software
Shefali Bajpai 07 June 2008 at 22:59
Assessee carrying on software export as well as domestic business – Assessee maintained independent and separate books of account for export and domestic sale – Deduction needs to be computed considering only the export business –A.Y. 1993-94
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