 Judiciary
Displaying 1160 - 1170 of 1440 in 144 pages
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
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By CA Nikita On 17 January 2008 at 18:02
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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
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By CA.Saibaburao Nanduri On 14 January 2008 at 12:18
Proceedings in search cases cannot be used as an opportunity to either reopen concluded assessment or to reassess returned income:ITAT
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By CA.Saibaburao Nanduri On 14 January 2008 at 01:53
Held by the Hon`ble Bench that as per section 55(2) clause (aa) in case assessee becomes entitled to an additional financial asset by virtue of original holding of shares the cost of acquisition of the original shares cannot be spread over for calcul... Continue Reading
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By kavita jain On 14 January 2008 at 01:51
proportionate lease rent paid by the mining lessee for acquiring leasehold right for extracting minerals from mineral bearing land would be a capital expenditure.
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By kavita jain On 14 January 2008 at 01:51
The companies having accumulated profits and the companies in which substantial voting power lies in the hands of the person other than the public (controlled companies) are required to distribute accumulated profits as dividends to the shareholders.... Continue Reading
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By CA.Saibaburao Nanduri On 11 January 2008 at 22:55
Held by the Hon`ble Court that, loose papers themselves not indicating receipt of undisclosed income and in the absence of opportunity of cross examination, additions on the basis of entries on loose papers found during search not justified in law.
... Continue Reading
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By kavita jain On 11 January 2008 at 22:55
A co-operative bank, carrying on business of banking, statutorily required to place a part of its fund in approved securities, income arising from such investment is deductible under section 80P .
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By kavita jain On 11 January 2008 at 22:55
petitioners have assailed the validity of certain other provisions of the Act as well. We would, however, examine the matters after such amendments as the Government may think appropriate are made and the matters are mentioned. Continue Reading
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