Income Tax Judgements

HC dismissed the appeal of the appellant and protect the order of Deduction under 80HHC

The Assistant Commissioner of Income Tax, Investigation Circle (20)(1), New Delhi passed order under Section 132(5) of the Income Tax Act (hereinafter referred to as „the Act‟) dated 02.06.1995 declaring that cash found during search as unexplained

HC dismissed the appeal on the question that commission paid by the Assessee to DSAs would be treated allowable or not as deduction

HC allow the appellant and reject the Respondent’s litigation on the question of admissibility of deduction under Section 80IB of the Act.

HC set aside the order of the Tribunal by going through the addittion made by the AO on the Question that M/s Globe Meditech was a dummy concern or not

HC judgment on expenses on coronary by-pass operation not deductible u/s 31 or 37(1) of the IT Act

During the assessment year 1997-98 the assessee received `50,00,000/- (Rupees Fifty Lakhs only) from Ranbaxy as non-competition fee. The said amount was paid by Ranbaxy under an agreement dated 31.3.1997. Assessee is a part of Gufic Group. Assessee a

A short question which arises for determination in this batch of cases is – whether interest under Section 234B can be charged on the tax calculated on book profits under Section 115JA? In other words, whether advance tax was at all payable on book p

The issue involved in this batch of civil appeals, by special leave, filed by the Department relates to the question whether MAT credit admissible in terms of Section 115JAA has to be set off against the tax payable (assessed tax) before calculating

Appellants are the owners of property bearing No.B-68, Greater Kailash, Part-I, New Delhi and they let out the same at a monthly rental of Rs.2,50,000/- with effect from Ist June, 1991 for a period of nine years renewable for a further period of nine