Income Tax Judgements

Upheld the order of the Tribunal, which concluded that the reasoning given by the Finance Company for accepting deposits in cash was a genuine and bona fide transactions and held that if the transaction was a genuine and bona fide transaction, that

Only employer and employee relationship is not envisaged to allow the premium paid on Keyman Insurance Policy as business expenditure and there can exist other types of relationship; consequently, Keyman Insurance Premium paid by the firm on the life

PFH mall and retail management ltd Vs. I.T.O. 05/11/2007 [2008] 298 ITR (AT) 371(Kolkata)

If picture is released for exhibition/distribution for less than 90 days in a financial year, the cost of the picture which is more than the realisations received from the picture can be carried forward for amortisation in subsequent years. This ben

Whether whenever there is concurrent finding by the below authorities interference by the high court is justified ?

Whether income form mall management and business centre under agreements with users for providing services and limited rights granted to users while owner ship remains with owner is income form business or housing property?

Where the assessee-company had only acquired “access” to technical information under the agreement i.e. know-how which related to the process of manufacture, which was not, related to any secret process or patent rights or even the right to use a tra

Case Fact: Whether a business expenditure deductible on actual payment basis in accordance with section 43B be allowable even if it is not actually allowable under section 29 read with sections 37(1), 145?

Case Fact: Whether Assessing Officer can drop penalty proceedings without giving detailed reasons thereof?

Whether a business expenditure deductible on actual payment basis in accordance with section 43B be allowable even if it is not actually allowable under section 29 read with sections 37(1), 145?