 Judiciary
Displaying 1400 - 1410 of 1440 in 144 pages
By CA.Saibaburao Nanduri On 05 September 2007 at 11:25
It was held by the High Court that the benefit of the exemption notification would be granted to the assessee.
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Custom | 0 comments | hits
By CA.Saibaburao Nanduri On 05 September 2007 at 11:25
That business of developing and printing of photographic films is only a service contract and does not include any element of sale of goods. Hence, question of bifurcating receipts into sales and service elements doe not arise. Continue Reading
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Service Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 05 September 2007 at 11:25
Held by Supreme Court that under section 56(1) (i) of the Foreign Exchange Regulation Act,although imprisonment is compulsory for not less than six months,yet the company can be prosecuted. It is clear and explicit that statute do not provide any imm... Continue Reading
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Others | 0 comments | hits
By CA.Saibaburao Nanduri On 05 September 2007 at 11:25
Held by Ho"ble court that liability u/s 141 is attracted if the person accused was incharge of and responsible for conduct of the company at the time of the offence. Hence the above mentioned fact has to be established before applying section 141. Continue Reading
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Others | 0 comments | hits
By CA.Saibaburao Nanduri On 04 September 2007 at 19:50
Any society merely because it has religious nature it can not be debarred from grant of registration under section 12A.
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Income Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 04 September 2007 at 19:50
The income from undisclosed sources should be assessed separately in the hands of firm and partners.
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Income Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 03 September 2007 at 16:33
To claim depreciation under section 32 mere possession and use the property for the purpose of business or profession is enough
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Income Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 03 September 2007 at 13:18
The primary objective of the assessee is to be seen. If the main intention is to exploit the immovable property by way of commercial activities it must be held as business income.
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Income Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 03 September 2007 at 13:18
Section 54 does not prohibit from purchasing property in a foreign country however all other conditions should be satisfied.
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Income Tax | 0 comments | hits
By CA.Saibaburao Nanduri On 03 September 2007 at 13:18
A.O can not be termed as erroneous simply on the basis of an opinion which is framed in the mind of the Commissioner that the conclusion is prejudicial to the interest of revenue unless there is adequate proof for that.
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Posted in
Income Tax | 0 comments | hits
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