Judgements and Orders, Supreme Court and High courts of India

ALLOWABILITY OF LOSS ARISING ON ACCOUNT OF FOREIGN CURRENCY

CHEZHIYAN 12 September 2008 at 11:42

The PSC is an independent accounting regime which includes tax treatment of costs, expenses, incomes, profits etc., it is because of the specific provision in the PSC for currency translation that loss/profit would accrue to an operator-company; ofte

Posted in Income Tax | 57 Views

Imagic Creative Case on VAT

Taxguy 10 September 2008 at 16:50

Payments of service tax as also the VAT are mutually exclusive

Posted in VAT | 52 Views

Rules of interpretation

Taxguy 10 September 2008 at 16:50

impugned judgment has failed to notice the Rules of Interpretation which require that in cases where HSN Code number is indicated against the Tariff Item mentioned in the Third Schedule, then one has to go by the provisions of the HSN as adopted by t

Posted in VAT | 90 Views

Interest on Borrowed Capital

Vidya 09 September 2008 at 11:23

Posted in Income Tax | 138 Views

Section 48 of the Income-tax Act, 1961

CA Pawan Goswami 09 September 2008 at 11:23

Posted in Income Tax | 65 Views

Punjab and Haryana High Court on section 145A of the Income

CA Pawan Goswami 09 September 2008 at 11:23

Section 145A of the Income-tax Act, 1961 - Method of Accounting - In certain cases - Assessment year 1999-2000 - While completing assessment, Assessing Officer noticed that certain amount of MODVAT, which was available to assessee, was not included i

Posted in Income Tax | 84 Views