Judgements by CA Jonu Jain

Section 80-IA-Synco Industries vs. ITO (Supreme Court)

CA Jonu Jain 20 March 2008 at 18:14

(a) If the assessee has suffered a loss in one unit, the same has to be set-off against the profits of the undertaking eligible for deduction u/s 80IA etc and if the resultant figure is a loss, no deduction under Chapter VI-A is allowable; (b) Whe

Posted in Income Tax | 153 Views

India-Malaysia treaty- taxed in country where income accrued

CA Jonu Jain 19 March 2008 at 18:34

The Supreme Court ruled that dividend income received from a foreign company is not liable for taxation when there is a tax treaty with the country the company is based in, which stipulates that dividend is to be taxed at source. The court has endors

Posted in Income Tax | 80 Views

Closure of slaughter house during Paryushan festival of Jain

CA Jonu Jain 19 March 2008 at 14:51

SC held the resolution passed by the Standing Committee of the Municipal Corporation of Ahemdabad in relation to closure of slaughter house during Paryushan festival of Jain is valid is law.

Posted in Community & General | 590 Views