Income Tax Judgements
Section 127 of the Income-tax Act, 1961
Ravikumar.G 09 October 2007 at 11:43
Section 127 of the Income-tax Act, 1961 - Income-tax authorities - Power to transfer cases - Block period 1-4-1987 to 10-2-1998 - Assessing Officer, Delhi, consequent to order allegedly passed under section 127 transferring assessee’s case from Bomba
Section 43B of the Income-tax Act, 1961 - Business disallowance
Ravikumar.G 09 October 2007 at 11:20
Section 43B of the Income-tax Act, 1961 - Business disallowance - Certain deductions to be allowed only on actual payment - Whether section 43B(f) is to be struck down being arbitrary, unconscionable and de hors Apex Court decision in case of Bharat
Penalty u/s 271(1) (c)
CA.Saibaburao Nanduri 08 October 2007 at 19:52
Held by the Hon`ble Court that, neither the assessee nor the Department proves anything about the loans therefore concealment was not proved and penalty u/s 271(1)(c) is not justified in law.
IT pros can't avoid tax on foreign earnings
CA Nikita 07 October 2007 at 21:58
Interest on Non-perfoming assets ::
CA.Saibaburao Nanduri 07 October 2007 at 20:07
Held by the Hon`ble Court that, the principle of accrual comes in to play only when income is recognised, income from non-performing assets in consonance with notification issued by R.B.I. and A.S. 9 issued by the I.C.A.I. will be taxable in the appr
Income from housing property or Income from business ::
CA.Saibaburao Nanduri 07 October 2007 at 14:42
Held by the Hon`ble Bench that, neither the construction of hotel is completed nor the hotel business is commenced. Therefore rental income received by the assessee is not assessable under the head " Income from business".
Section 11(2)
CA.Saibaburao Nanduri 06 October 2007 at 16:11
Held by the Hon`ble Court that, a perusal of the annual report and overview of the projects clearly shows that the projects were in consonance with the objectives sought to be achieved by the assessee, which were for the benefit of adolescent girls a
CIT(A) enhancing assessed income without notice:
CA Nikita 06 October 2007 at 00:07
LTCG-Double benefit or additional relief is not a taboo under the law : Advance Ruling
CA Nikita 06 October 2007 at 00:07
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