Judgements and Orders, Supreme Court and High courts of India



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.

Posted in Income Tax |   1644 Views



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

Posted in Income Tax |   1663 Views



Posted in Community & General |   3340 Views



Posted in Income Tax |   1331 Views



Posted in LAW |   4332 Views


Assessment

  CA Pawan Goswami    16 February 2009 at 18:10

Section 246, read with section 143, of the Income-tax Act, 1961 - Commissioner (Appeals) - Appealable orders - Assessment year 1995-96 - Whether so long as Explanation to section 143(1) was on statute up to 1-6-1999 till its omission by Finance Act,

Posted in Income Tax |   1089 Views



I. Section 48 of the Income-tax Act, 1961 - Capital gains - Computation of - Assessment year 1998-99 - Whether expression ‘full value of consideration’ used in section 48 does not have any reference to market value but only to consideration referred

Posted in Income Tax |   5467 Views


Zero Tax Companies

  CA Pawan Goswami    16 February 2009 at 18:10

Section 115J of the Income-tax Act, 1961 - Zero tax companies - Assessment year 1990-91 - Whether current year’s depreciation, which had not been charged to profit and loss account but had been disclosed in notes appended to accounts, would be deduct

Posted in Income Tax |   2403 Views


Business Expenditure

  CA Pawan Goswami    16 February 2009 at 18:10

Section 37(1) of the Income-tax Act, 1961 - Business expenditure - Allowability of - Assessment year 1987-88 - Whether commitment charges incurred in respect of debentures issued by assessee-company to acquire more working capital would be allowed as

Posted in Income Tax |   1139 Views



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.

Posted in Income Tax |   1949 Views




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