Income Tax Judgements
Perquisites- Rule 3(5), Income-tax Rules,1962- Applicability
kavita jain 13 March 2008 at 23:12
The assessee, a public school, had been charging concessional fees from the children of the employees studying in the school at the rate of 50 per cent in respect of the standard/normal tuition fees, ancillary fees and computer fees and at the rate o
Section 271(1)(c) – Penalty
kavita jain 13 March 2008 at 23:12
Penalty for concealment of income. Evidecne led by the assessee not malafide or false. Tribunal concurred with the finding of the lower authorities. on Appeal, order of the Tribunal upheld.
Penalty for non payment of Advance Tax
Rahul Tibrewal 12 March 2008 at 23:59
Whether assessee was liable to pay interest u/s 234B for non-payment of tax on exempted income which later on became taxable due to a supreme court judgement.
Deemed Dividend as per sev 2(22)(e)
Rahul Tibrewal 12 March 2008 at 23:59
Voluntary contributions within the meaning of Section 12
Rahul Tibrewal 12 March 2008 at 23:59
Additions can be made in an illegal survey.
kavita jain 11 March 2008 at 23:27
S. 133A - Additions can be made on basis of materials collected during course of illegal survey.
Revision not justified only because A.O .has taken a view ..
kavita jain 11 March 2008 at 23:27
S. 263 - Revision - Exercise of power under S. 263 by CIT would not be justified only because Assessing Officer has taken a view in favour of assessee. -
Business expenditure- Commitment charges and finance charges
kavita jain 11 March 2008 at 23:27
The assessee-company had borrowed foreign currency loan from IDBI which in turn was refinanced by the foreign company. It paid commitment charges and finance charges to the said foreign company. The questions that arose for consideration were as to (
Maintainability of appeal before Tribunal
Aisha 06 March 2008 at 11:00
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
