Income Tax Judgements
Sec 234B
Pemmasani Purushotham 17 March 2009 at 19:46
The levy under section 234B is compensatory in nature and is not in the nature of penalty
MCorp Global Pvt. Ltd. Appellant(s) versus Commissioner of I
Sumit Jain 05 March 2009 at 15:46
MCorp Global Pvt. Ltd. Appellant(s) versus Commissioner of I
Sumit Jain 05 March 2009 at 15:46
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.
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
Export — Deduction u/s.80HHC
CA.Tarun Maheshwari 05 March 2009 at 15:46
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
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).
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.
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.
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
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