Judgements and Orders, Supreme Court and High courts of India

Brief Facts: The petitioner company sought the sanction of the court to a scheme of amalgamation by which a 75% subsidiary was to be merged with it. The scheme was approved by the majority of the equity share holders, all of the secured creditors and

Period of limitation should be seen from the date revised order which also should be reised

That the capital gains arise from the sale of house property can be invested in two flats & can claim the exemption u/s 54.

Tax dept says Central excise refund should be taxed because it is a benefit derived from a government scheme and is distinct from profit derived from industrial activity

It is an admitted fact that the property of the assessee-trust was in a dilapidated condition and would not earn income to carry out the objects of the trust. For the purpose of carrying out the objects of the trust, it has become necessary to demoli

Assessee is liable for TDS qua payment made for purchase of software from non-residents.

Depreciation allowable even if asset not used at all for entire year

COMPANIES ACT, 1956: ss. 397 and 398 - Allegations of oppression and mismanagement, illegal allotment of equity shares resulting in conversion of majority shareholding into minority shareholding, appointment of Additional Director and removal o

Business expenditure/loss : Assessee federal society of primary milk societies : Milk rate difference determined in March and paid in subsequent year : Is allowable business expenditure/loss.

Revision : S. 263 of Income-tax Act, 1961 : A.Y. 2002-03 : Notice u/s.263 referring to four issues and final order passed referred to nine issues : Order of revision bad in law.