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Displaying 1410 - 1420 of 1440 in 144 pages

Validity of Block Assessment

By CA.Saibaburao Nanduri On 02 September 2007 at 17:46

Notice u/s 158BC is a procedural act and any mistake in such notice can be rectified u/s 292B. Hence, Block assesseement proceedings cannot be held to be void merely due to the fact that block period was mentioned wrongly in the notice and that notic...

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Posted in Income Tax | 0 comments | hits


Deduction u/s 35 D

By CA.Saibaburao Nanduri On 02 September 2007 at 10:12

neither reserve nor the surplus of the assessee is a part of the capital employed in the business of the company.

Posted in Income Tax | 0 comments | hits


Validity of Amendment – Arbitrary amendment - Insertion of clause (f) to s.43B

By Aisha On 29 August 2007 at 20:51

Validity of Amendment – Arbitrary amendment - Insertion of clause (f) to s.43B In original section 43B certain payments were held allowable only on actual payment s.43B was amended by inserting clause (f) to disallow liability towards leave encashm...

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Posted in Income Tax | 0 comments | hits


Duty of CIT – Registration of Trust, Disclosure of reasons to refuse registration - Natural justice

By Aisha On 29 August 2007 at 20:48

Adarsha Vidyanidhi Trust vs CIT

Posted in Income Tax | 0 comments | hits


TDS for STAMP VENDORS

By CA.Saibaburao Nanduri On 29 August 2007 at 18:58

The discount given to the 'stamp vendors' is neither 'brokarage nor 'commission'. Hence TDS provisions are not applicable

Posted in Income Tax | 0 comments | hits


Penalty u/s 271C

By CA.Saibaburao Nanduri On 28 August 2007 at 19:04

Order of penalty MUST clearly state the reasons of penalty !

Posted in Income Tax | 0 comments | hits


Deduction of Business Expenditure ::

By CA.Saibaburao Nanduri On 28 August 2007 at 19:04

Posted in Income Tax | 0 comments | hits


Interpretation of the word 'firm' ::

By CA.Saibaburao Nanduri On 28 August 2007 at 19:04

The interpretation of the word 'firm ' explained

Posted in Service Tax | 0 comments | hits


NATURE OF SUBSIDY ::

By CA.Saibaburao Nanduri On 28 August 2007 at 19:04

Purpose of the Subsidy is important to determine whether it is revenue or capital

Posted in Income Tax | 0 comments | hits


Income from House Property :

By CA.Saibaburao Nanduri On 28 August 2007 at 09:44

The ITO added 'interest' on interest free loan given by lessee to lessor as 'notional rent'. HC said no.

Posted in Income Tax | 0 comments | hits




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