Income Tax Judgements
TDS for STAMP VENDORS
CA.Saibaburao Nanduri 29 August 2007 at 18:58
The discount given to the 'stamp vendors' is neither 'brokarage nor 'commission'. Hence TDS provisions are not applicable
Penalty u/s 271C
CA.Saibaburao Nanduri 28 August 2007 at 19:04
Order of penalty MUST clearly state the reasons of penalty !
Deduction of Business Expenditure ::
CA.Saibaburao Nanduri 28 August 2007 at 19:04
NATURE OF SUBSIDY ::
CA.Saibaburao Nanduri 28 August 2007 at 19:04
Purpose of the Subsidy is important to determine whether it is revenue or capital
Income from House Property :
CA.Saibaburao Nanduri 28 August 2007 at 09:44
The ITO added 'interest' on interest free loan given by lessee to lessor as 'notional rent'. HC said no.
Deduction u/s 37
CA.Saibaburao Nanduri 27 August 2007 at 09:11
Compensation actually should be allowed as deduction !
POWER OF HC :: SECTION 256 ::
CA.Saibaburao Nanduri 25 August 2007 at 09:25
Whether High Court is empowered to accept qustion of fact ??
CAPITAL GAINS
CA.Saibaburao Nanduri 24 August 2007 at 08:59
The assessee tr. two assets by single agreement for composite consideration. Can he calculate 'capital gains' seperately for each asset ?
Saral 2D to continue Allahabad high court
CA Nikita 23 August 2007 at 16:09
Depreciation allowance - Assets leased by assessee
CA Nikita 22 August 2007 at 19:48
Depreciation allowance - Assets leased by assessee The assessee had purchased certain steel rollers from 'A' and leased them out to 'B'.On facts it was found by the CIT(A) and the Tribunal that purchase of rollers from 'A' and lease of these to 'B'
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