close Change the way you learn with CCI Online Coaching   view more
Home > Judiciary


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.



Browse Judiciary Judiciary

Displaying 1150 - 1160 of 1437 in 144 pages

Exemption under section 10(26B)

By kavita jain On 22 January 2008 at 10:27

On consideration of the background under which the assessee-Corporation came into being and taking into account the provisions under articles 46 and 47 of the Constitution, it was clear that the assessee was primarily formed to ameliorate the sufferi...

Continue Reading

Posted in Income Tax | 0 comments | hits


Interest on borrowed capital ::

By CA.Saibaburao Nanduri On 22 January 2008 at 10:27

Held by the Hon`ble Court that as no nexus could be found between the borrowing and the interest free advance to sister concern and with clear finding that there was no element of commercial expediency, the interest paid on borrowed fund is not deduc...

Continue Reading

Posted in Income Tax | 0 comments | hits


S. 142 - Inquiry before assessment

By kavita jain On 21 January 2008 at 12:20

S. 142 - Inquiry before assessment

Posted in Income Tax | 0 comments | hits


Cash Credits

By kavita jain On 19 January 2008 at 10:21

A bare reading of section 68 suggests that there has to be credit of amounts in the books maintained by assessees; that such credit has to be of a sum during the previous year; and that the assessees offer no explanation about the nature and source o...

Continue Reading

Posted in Income Tax | 0 comments | hits


Penalty proceedings are not to be initiated only to harass t

By kavita jain On 19 January 2008 at 10:21

Primary burden of proof, therefore, is on the revenue. The statute requires satisfaction on the part of the Assessing Officer. He is required to arrive at a satisfaction so as to show that there is primary evidence to establish that the assessee had ...

Continue Reading

Posted in Income Tax | 0 comments | hits


In an indivisible contract no VAT if Service Tax is paid : S

By Late CA Sampat Jain On 18 January 2008 at 09:20

(1) In the matter of interpretation of a taxing statute, as also other statutes where the applicability of Article 246 of the Constitution of India, read with Seventh Schedule thereof is in question, the Court may have to take recourse to various t...

Continue Reading

Posted in VAT | 0 comments | hits


Tax Treaty

By kavita jain On 17 January 2008 at 22:45

The Act is concerned only with the profits earned in India and, therefore, a method is to be found out to ascertain the profits arising in India and the only way to do so is by treating the Indian PE as a separate profit centre vis-a-vis the foreign ...

Continue Reading

Posted in Income Tax | 0 comments | hits


The jurisdiction of the ITO is limited.

By kavita jain On 17 January 2008 at 22:45

Determination of liability of income-tax under the provisions of the Act for the purpose of computation of income of an assessee, inter alia, for carrying on business in insurance is governed by section 44 thereof and rule 5(a) of the First Schedule ...

Continue Reading

Posted in Income Tax | 0 comments | hits


Set off of Losses

By CA Nikita On 17 January 2008 at 18:02

Posted in Income Tax | 0 comments | hits


The ‘total turnover’ under section 80HHC(3)

By kavita jain On 17 January 2008 at 12:13

“the income-tax has laid down certain rules to be applied in deciding how the tax should be assessed and even if the result is to tax as profits what cannot be construed as profits, still the requirements of the income-tax must be complied with. Wh...

Continue Reading

Posted in Income Tax | 0 comments | hits




Submit



Quick Links







Browse By Category


 


Subscribe to Feeds

Subscribe to Judiciary Feed


Enter your email to receive Judiciary Updates: