Articles by Rupesh Srivastava

Recent ruling on Capital Gains as reported

Rupesh Srivastava 13 September 2012 at 12:22

1. S. 54F: Capital Gains Investment in residential house- Exemption Investment in four 4 flats Held that exemption allowed as requirement of assessee family met-out only by enlarging residential unit by merging 4 flats and th

Landmark ruling on Sec 14A-Updated as on 11th Sep

Rupesh Srivastava 12 September 2012 at 11:45

S. . 14A provides for the disallowance of expenses incurred in relation to the income, which does not form part of the total income of the assessee. 14A. [(1)] For the purposes of computing the total income under this Chapter, no deduction shall be

Gist of Latest Judgement

Rupesh Srivastava 30 November 2007 at 11:23

DIRECT TAX LAWS Supreme Court of India G.K. Choksi & Company v. Commissioner of Income-tax Depreciation - Initial depreciation on building under section 32(1)(iv) at rate of 40 per cent would not be available to professionals; it would be available t

Important Judgements & Tribunal Orders Reported in Oct 2007

Rupesh Srivastava 27 November 2007 at 23:30

Gist Of Important Judgements & Tribunal Orders Reported in Oct 2007Subject Index: Supreme Court1. Interest awarded to the assessee by the High Court for illegal seizure of stock-in-trade of the assessee was converted to costs of Rs. 75,000/- towa

Digest of SC Judgement Oct 2006- June 2007

Rupesh Srivastava 20 November 2007 at 23:36

Digest: Very Important Judgements of Supreme Court. DigestOct 2006- June 2007 1. Attribution of profits to the Permanent Establishment The Supreme Court has held that since there is no specific provision under the Act to compute profits accruing