Judgements and Orders, Supreme Court and High courts of India
Section 43B of the Income-tax Act, 1961 - Business disallowance
Ravikumar.G 09 October 2007 at 11:20
Section 43B of the Income-tax Act, 1961 - Business disallowance - Certain deductions to be allowed only on actual payment - Whether section 43B(f) is to be struck down being arbitrary, unconscionable and de hors Apex Court decision in case of Bharat
Penalty u/s 271(1) (c)
CA.Saibaburao Nanduri 08 October 2007 at 19:52
Held by the Hon`ble Court that, neither the assessee nor the Department proves anything about the loans therefore concealment was not proved and penalty u/s 271(1)(c) is not justified in law.
IT pros can't avoid tax on foreign earnings
CA Nikita 07 October 2007 at 21:58
Interest on Non-perfoming assets ::
CA.Saibaburao Nanduri 07 October 2007 at 20:07
Held by the Hon`ble Court that, the principle of accrual comes in to play only when income is recognised, income from non-performing assets in consonance with notification issued by R.B.I. and A.S. 9 issued by the I.C.A.I. will be taxable in the appr
Income from housing property or Income from business ::
CA.Saibaburao Nanduri 07 October 2007 at 14:42
Held by the Hon`ble Bench that, neither the construction of hotel is completed nor the hotel business is commenced. Therefore rental income received by the assessee is not assessable under the head " Income from business".
Section 11(2)
CA.Saibaburao Nanduri 06 October 2007 at 16:11
Held by the Hon`ble Court that, a perusal of the annual report and overview of the projects clearly shows that the projects were in consonance with the objectives sought to be achieved by the assessee, which were for the benefit of adolescent girls a
CIT(A) enhancing assessed income without notice:
CA Nikita 06 October 2007 at 00:07
LTCG-Double benefit or additional relief is not a taboo under the law : Advance Ruling
CA Nikita 06 October 2007 at 00:07
Capital Or Revenue Expenditure ::
CA.Saibaburao Nanduri 05 October 2007 at 13:14
Held by the Hon`ble Court that, explanation 1 of section 32(1) does not apply in a case of construction on the land which is taken on lease by the assessee, assessee did not acquire a capital asset but had put up a construction of the building only f
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