Income Tax Judgements

MCorp Global Pvt. Ltd. Appellant(s) versus Commissioner of I

Sumit Jain 05 March 2009 at 15:46

Posted in Income Tax | 1293 Views

MCorp Global Pvt. Ltd. Appellant(s) versus Commissioner of I

Sumit Jain 05 March 2009 at 15:46

Posted in Income Tax | 1455 Views

Reassessment made without issue of notice u/s.143(2)

CA.Tarun Maheshwari 05 March 2009 at 15:46

Substantial Question of Law — Whether reassessment made without issue of notice u/s.143(2) of the Act is invalid, is a substantial question of law.

Posted in Income Tax | 1447 Views

Recovery of Tax

CA.Tarun Maheshwari 05 March 2009 at 15:46

Recovery of Tax — Strangers to the decree are afforded protection by the Court because they are not connected with the decree

Posted in Income Tax | 1188 Views

Export — Deduction u/s.80HHC — Duty drawback and cash compensatory allowance received in the year other than the year of exports is eligible for deduction u/s.80HHC of the Act in the year of receipt, in a case where assessee is following the cash sys

Posted in Income Tax | 2579 Views

Casual and non-recurring receipt : Exemption u/s.10(3)

CA.Tarun Maheshwari 05 March 2009 at 15:46

Casual and non-recurring receipt : Exemption u/s.10(3) of Income-tax Act, 1961 : A.Y. 1994-95 : Incentive prize received on coupon given on the strength of NSC : Is not a lottery : Is casual and non-recurring receipt exempt u/s.10(3).

Posted in Income Tax | 1 comments | 3521 Views

Signature on ITR

CA.Tarun Maheshwari 05 March 2009 at 15:46

Return of income : Signature : S. 139 and S. 140 of Income-tax Act, 1961 : A.Y. 2003-04 : Return of income signed by assessee was filed after his death. Not a valid return.

Posted in Income Tax | 790 Views

Assessment : Limitation : S. 143, S. 144 and S. 154

CA.Tarun Maheshwari 05 March 2009 at 15:45

Assessment : Limitation : S. 143, S. 144 and S. 154 of Income-tax Act, 1961 : A.Y. 1994-95 : Order giving effect to Appellate order is order inherent in S. 143 and S. 144 : Not an order u/s.154 : Limitation u/s.154(7) not applicable.

Posted in Income Tax | 1628 Views

Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1)

CA.Tarun Maheshwari 05 March 2009 at 15:45

Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1) of Income-tax Act, 1961 : A.Y. 1993-94 : Ex gratia payment over and above statutory limits prescribed under the Payment of Bonus Act, 1965, is allowable as business expenditure

Posted in Income Tax | 1658 Views