Judgements and Orders, Supreme Court and High courts of India

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

Posted in Service Tax | 78 Views

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

Posted in Income Tax | 65 Views

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

Posted in Income Tax | 61 Views

Valuation of stock

Shefali Bajpai 07 June 2008 at 22:59

To give effect to section 145A, if there is a change in the closing stock corresponding change in opening stock also to be made

Posted in Income Tax | 106 Views

Block Assessment

Shefali Bajpai 07 June 2008 at 22:59

Undisclosed Income vis-a-vis asset disclosed in the Regular Returns

Posted in Income Tax | 78 Views

Investment of amount in fdr only to secure bank guarantee to

Shefali Bajpai 07 June 2008 at 22:59

Interest accrued on deposit is business income

Posted in Income Tax | 59 Views

Depreciation can be claimed on leased vehicles

Shefali Bajpai 07 June 2008 at 22:59

Posted in Income Tax | 67 Views

Exemption under section 54f

Shefali Bajpai 07 June 2008 at 22:59

Sale of residential house and investment in new house – Even though registration is not complete assessee is entitled to exemption u/s. 54F

Posted in Income Tax | 63 Views

Reassessment based on change of opinion

Shefali Bajpai 07 June 2008 at 22:59

NOT VALID

Posted in Income Tax | 54 Views

Penalty – S. 271(1)(c) – Partially set aside proceedings

Shefali Bajpai 07 June 2008 at 22:59

Original assessment proceedings are relevant to ascertain the recording of satisfaction – No reason in original assessment proceedings for levy of penalty – Penalty imposed liable to be cancelled – A.Ys. 1996-97 to 2001-02

Posted in Income Tax | 49 Views