Others Judgements

Section 13 of the Securitisation and Reconstruction of financial assets and enforcement of Security Interest Act, 2002 - Enforcement of security interest - Appellant-company took credit facility from respondent-bank against mortgage of its land and b

Indo-Canadian DTAA is based on UN Model - Profits not only attributable to PE but also arising out of sales in other contracting State are taxable in India : ITAT

Section 65 of the Finance Act, 1994 - Banking and other financial services - Period from 2002-03 to 2003-04 - Whether a company can be said to be rendering banking and other financial services only if its transactions with customers are of a financia

Held by Ho"ble Court that the application for extension of time submitted by the assessee and the reply to the show cause notice was not considered by the AO while levying the penalty for not furnishing the wealth-tax return with in due date as evide

Held by the Hon'ble court that exemption u/s 5(1)(iv) has been provided to one house or part of the house belonging to the assessee.Cinema building and market cannot be held as a house.

Held by the Hon"ble court that two contiguous buildings in the same compound constituted a house belonging to the assessee exclusively used by him for residential purposes hence the assessee was entitled to exemption in respect of both the buildings.

Held that, let out portion not exempted, only part used for the business is exepmted.

Held by the court that any Immovable property can not be valued at reversionary value for the purpose of capitalising the net annual letting value

Held that in the absence of material on record justifying the delay in filing of returns, assessee is liable to pay penalty for the entire period.

Held by the Court that the computer software sold off the shelf comes under the purview of definition of Goods under section 2(h) of the Andhra Pradesh General Sales Tax.Therefore these can be termed as sale of goods and hence sales tax is leveivable