Income Tax Judgements

Order Passed by Income Tax Authorities must be speaking orde

CA. A. Kumar 10 July 2008 at 17:57

Case Fact: Whether the Tribunal can confirm the order of Commissioner (Appeals) without giving reasons.

Posted in Income Tax | 66 Views

Rent u/s 194(I)

CA. A. Kumar 10 July 2008 at 17:57

Case Fact: Whether landing of aircraft or parking aircraft amount to user of land of airport and the landing fee and parking fee will amount to rent within meaning of Explanation (i) to section 194(I) ?

Posted in Income Tax | 60 Views

Waiver of Penalty u/s 273B

CA. A. Kumar 10 July 2008 at 17:57

Case Fact: Whether the Commissioner (Appeals) has power to waive the penalty imposed u/s271D.

Posted in Income Tax | 64 Views

REVISION

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether mere opinion of the commissioner that the order is prejudicial to the interest of revenue leads to revision of the order passed by A.O.

Posted in Income Tax | 66 Views

Income from House Property

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether A.O. is justified in adding interest on interest free loan given by lessee to the lessor as notinal rent to compute the Income from House Property

Posted in Income Tax | 86 Views

Balancing Charge u/s 41(2)

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether the entire sales proceeds of asset can be treated as the profit chargeable to tax in case the written down value of the asset sold was not ascertainable.

Posted in Income Tax | 140 Views

Capital Gain - Sale of entire undertaking

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether in a sale of the entire undertaking (bakery) as a whole, if two separate documents with respect to movable and immovable (Land) assets are executed, the provision of section 50 of Income-tax Act, 1961, will be applicable?

Posted in Income Tax | 85 Views

Deduction from Income from other sources u/s 57(iii)

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether amount paid by the assessee to lawyer for seeking tax and legal implications of an project, for which he was retained by the company to conduct a study and render his opinion, deductible u/s 57(iii)?

Posted in Income Tax | 96 Views

Capital or revenue expenditure

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether amount paid to stock exchange as non-refundable deposits for acquiring OTC membership is a capital expenditure or revenue expenditure?

Posted in Income Tax | 101 Views