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Income Tax Judgements


Penalty u/s 271C

  CA.Saibaburao Nanduri    28 August 2007 at 19:04

Order of penalty MUST clearly state the reasons of penalty !

Posted in Income Tax |   58 Views



Posted in Income Tax |   29 Views


NATURE OF SUBSIDY ::

  CA.Saibaburao Nanduri    28 August 2007 at 19:04

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

Posted in Income Tax |   24 Views


Income from House Property :

  CA.Saibaburao Nanduri    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 |   34 Views


Deduction u/s 37

  CA.Saibaburao Nanduri    27 August 2007 at 09:11

Compensation actually should be allowed as deduction !

Posted in Income Tax |   27 Views


POWER OF HC :: SECTION 256 ::

  CA.Saibaburao Nanduri    25 August 2007 at 09:25

Whether High Court is empowered to accept qustion of fact ??

Posted in Income Tax |   30 Views


CAPITAL GAINS

  CA.Saibaburao Nanduri    24 August 2007 at 08:59

The assessee tr. two assets by single agreement for composite consideration. Can he calculate 'capital gains' seperately for each asset ?

Posted in Income Tax |   26 Views


Saral 2D to continue Allahabad high court

  CA Nikita    23 August 2007 at 16:09

Posted in Income Tax |   35 Views



Depreciation allowance - Assets leased by assessee The assessee had purchased certain steel rollers from 'A' and leased them out to 'B'.On facts it was found by the CIT(A) and the Tribunal that purchase of rollers from 'A' and lease of these to 'B'

Posted in Income Tax |   29 Views


194I - Delhi HC decision

  CA Mani    22 August 2007 at 11:38

194I

Posted in Income Tax |   30 Views