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Income Tax : In the absence of cooperation from assessee Ld CIT will be free to adjudicate the appeal on merit basis

Referring to the grounds of appeal, it was submitted by the learned AR that the assessee had reasona

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Income Tax : As per sec 14A of IT expenses incurred to earn tax free income is liable to be disallowed

The captioned appeals being three (3) in number are directed against a common judgment of the Inc

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Income Tax : Borrowed fund can not be given as interest free loan to other and on disallowance of exp AO must be mention some reason for such

(i) That the sustaining of disallowance of interest Rs. 1,61,226/- by Ld. Commissioner of Income Tax

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Income Tax : Interest on Interest free loan given related to business cannot be disallowed expenditure

. Brief ly stated facts of the case are that the assessee derives income from Hiring of Cranes to ON

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Income Tax : NOTIONAL INTEREST ON INTT FREE DEPOSIT IS TAXABLE OR NOT

The assessee had received interest free deposit in respect of shops given on rent. The Assessing Off

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Income Tax : Tax break for interest-free loan takers

12 May 2009, 0715 hrs IST, ET Bureau MUMBAI: In a first-of-its-kind judgement, the Income-Tax

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Income Tax : TDS on value of free food coupens

Income Tax Act, 1961 - Sections 17 and 192 - Free meals coupon issued to employees - Some of them m

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Income Tax : Interest free loan

Held by the Hon`ble Court that it had come on the records that due to bad financial position no inte

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Income Tax : INTEREST FREE LOAN ::

Held by the Hon`ble Court that it had come on the records that due to bad financial position no inte

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