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Displaying Judiciary 1 - 10 of 1528 in 153 pages


Whether Inland Haulage Charges derived as income from operation of ships are taxable as business profits in India in accordance to Article 8 of India-Belgium DTAA?

By Hetvi Sheth On 29 July 2014 at 11:42

The Respondent assessee is a company incorporated in Belgium and a tax resident of Belgium engaged in business of operation of ships in international traffic. The Assessee collected Inland HaulageCharges from it-s customers in respect of transportati...

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Posted in Others | 0 comments | 18 hits


Whether Section 43 B covers employees’ contribution to Provident Fund and whether the deduction is allowable if it is paid before due date for filing the Return of Income?

By Hetvi Sheth On 28 July 2014 at 11:59

The Assessee Company is engaged in the business of manufacturing basic chemicals and chemical intermediates and is a Government of India enterprise.The present Appeal is a case of disallowance of payment of employees' contribution to the P.F. amounti...

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Posted in Income Tax | 0 comments | 70 hits


Whether loss on account of depreciation in value of securities held as stock is notional and allowable as deduction?

By Hetvi Sheth On 25 July 2014 at 11:18

Commissioner of Income Tax - Versus - HDFC Bank Ltd.

Posted in Others | 0 comments | 92 hits


Whether fees received for “foreign exchange deal matching system services” constitutes “royalty” under Article 13 of India-UK DTAA & Section. 9(1)(vi) of Income Tax Act, 1961?

By Hetvi Sheth On 24 July 2014 at 11:35

The assessee company is a tax resident of United Kingdom incorporated under the laws of England. The assessee is engaged in the business of providing -foreign exchange deal matching system- which enables foreign exchange authorized dealers to effect ...

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Posted in Income Tax | 0 comments | 93 hits


Deduction under Section 54 of ITA cannot be denied as long as there is a Residential unit

By Ketaki Kumar On 22 July 2014 at 16:19

n this appeal, the order passed by the ITAT confirming that of the Commissioner of Income Tax was questioned. The assessee had bought 3 flats, one in his own name, another in the name of his wife and his own and the third in the name of his wife. The...

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Posted in Income Tax | 0 comments | 125 hits


Physical Meetings cannot be substituted by postal ballots

By Guest On 12 July 2014 at 13:30

The issue raised before the Bombay High Court was that whether a resolution for approval of a Scheme of Amalgamation can be passed under Section 110 of the Companies Act, 2013 and SEBI Circular dated May 21, 2013, by a majority of the equity sharehol...

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Posted in Others | 0 comments | 171 hits


Whether expenditure on education of director is personal expenditure and allowable as deduction under section 37(1)?

By Hetvi Sheth On 11 July 2014 at 12:14

The appellant had paid fees to a Management & Research institute on behalf of one of its director as training fees of director and had also paid salary to the director. Both were disallowed by the Assessing Officer during scrutiny. Aggrieved, the app...

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Posted in Others | 1 comments | 245 hits


Which tax rate should be applied at capital gains on depreciable assets which are held for more than three years even when they have to be treated as STCG u/s 50?

By CA Neha Bhuwania On 04 July 2014 at 13:19

An assessee sold his depreciable business asset (a flat) for 35 Lakhs and computed capital gains u/s 50 at Rs. 12.52 Lakhs after deducting the WDV of the block of assets from the sale price received. However, as per the AO, the stamp duty value of th...

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Posted in Others | 2 comments | 454 hits


Whether loosely assembled fiber web in roll form emerging at a stage before the exempted finished jute carpet, is marketable and therefore liable to excise duty

By Hetvi Sheth On 01 July 2014 at 11:36

The Appellant is a manufacturer of products falling under Chapters 56 and 57 of the Central Excise Tariff Act 1985. According to the Department, the Appellant had not paid Central Excise Duty on the intermediate product viz. -non-woven fabrics- falli...

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Posted in Others | 0 comments | 331 hits


Whether foreign assessees are liable to interest u/s 234B if the business profits cannot be subjected to tax in India in accordance with DTAA?

By Hetvi Sheth On 26 June 2014 at 11:12

The assessee Nortel Networks India International Inc. is a company incorporated in USA, a leading supplier of hardware and software productsfor GSM Cellular Radio Telephones System. During the year underconsideration, the assessee has supplied teleco...

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Posted in Others | 0 comments | 386 hits








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Updated on : 29/07/2014 20:16:01



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