Income Tax Judgements

Section 245R of the Income-tax Act, 1961 - Advance ruling - Procedure on receipt of application for - Assessment years 2005-06 and 2006-07 -Whether in order to decide whether question raised in application is already pending before income-tax authori

Exemption under sections 54 and 54F of the Act would be allowable in respect of one residential house only. If the assessee has purchased more than one residential house, then the choice would be with assessee to avail the exemption in respect of ei

Notice u/s 201 and 201(1A) for recovery of tax not deducted/short-deducted and interest thereon cannot be issued beyond a period of 4 years Century Textiles and Industries Ltd. vs DCIT 13 SOT 507 ITAT, Mumbai Century Textiles and Industries L

Section 24 [as it stood prior to substitution by the Finance Act, 2001, with effect from 1-4-2002] of the Income-tax Act, 1961 – Income from house property – Deductions – Assessment year 1998-99 – Assessees were co-owners of lease hold rights in resp

Section 195 read with sections 9 and 44D of the Income-tax Act, 1961 - Deduction of tax at source - Payment to non-resident - Assessment year 1998-99 - Whether obligation to deduct tax under section 195 is only with reference to income element embedd

Section 195 of the Income-tax Act, 1961, read with article 12 of DTAA between India and Singapore - Deduction of tax at source - Payment to non-resident - Assessment year 2002-03 – Assessee, a public sector undertaking, was engaged in business of ref

Section 234C read with section 115JA of the Income-tax Act, 1961 - Interest - Chargeable as - Assessment year 1997-98 - Assessing Officer, during minimum alternative tax assessment under section 115JA, for deferment of payment of advance tax levied i

Held by the Hon`ble Bench that section 244A(1)(b) applies to "in any other case" which includes refund of tax as a result of payment of self assessment tax. It is further provided that interest shall be payable on the amount held and utilised by the

Section 234A read with sections 211 and 234B of the Income-tax Act, 1961 – Return of income – Interest for default in furnishing – Assessment year 1996-97 – Whether term advance tax used in section 234A would cover all taxes paid in advance of tax li

Section 234B read with sections 115JA, 207 and 234C of the Income-tax Act, 1961 – Advance Tax – Interest for default in payment of – Assessment year 2000-01 – Whether total income computed under provisions of section 115JA is liable to advance tax an