Income Tax Judgements
Liability due to Exchange Fluctuation
CA.Tarun Maheshwari 11 August 2008 at 16:37
The assessee obtained orders from foreign buyers with advance payment to be adjusted against supplies to be made. The assessee had to supply in future more quantities than what was originally agreed due to rupee devaluation. The assessee treated th
Income from housing property or business income
CA. A. Kumar 26 July 2008 at 14:50
Justification of Interest levied u/s 234.
CA. A. Kumar 10 July 2008 at 17:57
Case Fact: Whether deletion of interest under section 234 is justified if there is no direction in the Assessment order to levy interest.
Liability of Director of (P) Ltd. Co. on Liquidation
CA. A. Kumar 10 July 2008 at 17:57
Case Fact: Whether before initiating recovery action u/s 179 for dues of Pvt. Co against directors on liquidation , it is necessary to prove that recovery cannot be made against the company.
Voluntary contributions within the meaning of Section 12
CA. A. Kumar 10 July 2008 at 17:57
Case Fact: Whether membership fee received by the society from its members can be treated as voltunary contribution u/s 12
Definition of Business as per Section 35
CA. A. Kumar 10 July 2008 at 17:57
Case Fact: Whether the term "Business" u/s 35 would includes the consultancy services offered.
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