Judgements and Orders, Supreme Court and High courts of India
BAD DEBTS
CA.Saibaburao Nanduri 24 September 2007 at 12:37
Held by the Hon`ble Court that, it is not necessary to establish that debt had become bad only to write it off as irrecoverable in its accounts is enough to claim deduction u/s 36(1)(vii).
Depreciation on Stand-by Spare parts ::
CA.Saibaburao Nanduri 24 September 2007 at 12:37
Held by the Hon`ble Court that, any `forced illness` of the machinery cannot disentitle to the assessee to claim the depreciation allowance, form the director report it is clear that the assessee was prevented form using the machinery because of the
Section 254
CA.Saibaburao Nanduri 23 September 2007 at 19:50
Held by the Hon`ble Court that, it is well settled law that while disposing of an appeal , the authority must record reason of its decision. Therefore it is not justified in law to dispose of an appeal without recoding any reason.
Section 41(1) of the IT Act, 1961 - Remission or cessation of trading liability
CA Nikita 23 September 2007 at 13:02
Deduction for dividend earned and distributed u/s 80M before due date of return
CA Nikita 23 September 2007 at 13:02
Deduction-Export of goods- Export of goods purchased from EOU units
CMA Gul S 22 September 2007 at 13:42
The assessee was a registered merchant exporter. On receipt of orders directly from abroad it purchased goods from various parties including some purchases made from EOU units. These units were entitled to deduction under s.10B. The benefits only und
TDS-Work contract, Job work, Sale of goods - Goods manufactured as per customers specifications
CMA Gul S 22 September 2007 at 13:42
The assessee was manufacturing and trading in consumer electronic and trading in consumer electronic and home appliances. It outsourced manufacture of these articles from various concerns referred to as OEMs. The OEMs purchased raw materials on their
CENVAT CREDIT
Ravikumar.G 20 September 2007 at 17:52
Rule 4, read with rule 2(p), of the Cenvat Credit Rules, 2004 - Conditions for allowing CENVAT credit - Period from July, 2005 to September, 2005 - Assessee-company paid service tax in respect of ‘Goods transport agency’s service’ received for inward
BUSINESS AUXILIARY SERVICE
Ravikumar.G 20 September 2007 at 14:06
Section 65 of the Finance Act, 1994, read with section 35F of the Central Excise Act, 1944 - Business auxiliary service - Period from October, 2003 to February, 2005 - Whether where assessee was engaged in collecting payments on behalf of its clients
Banking and Other Financial Services
Ravikumar.G 20 September 2007 at 14:06
Section 65 of the Finance Act, 1994 - Banking and other financial services - Period from 2002-03 to 2003-04 - Whether a company can be said to be rendering banking and other financial services only if its transactions with customers are of a financia
CAclubindia
