Judgements and Orders, Supreme Court and High courts of India
KPMG India pvt ltd. Vs Maharastra State commisson for Women
Nandit 07 May 2009 at 16:52
Levy of ST on renting of immovable property as "unconstituti
rahul 27 April 2009 at 15:15
Levy of ST on renting of immovable property as "unconstitutional"
Stamp papers do not have any expiry period
Ankur Garg 03 April 2009 at 14:35
According to a recent Supreme Court judgement dated 19/02/2008 in the case of Thiruvengada Pillai Vs. Navaneethammal and Anr., the stamp papers do not have any expiry period.
Time limit for issuance of notice u/s 143(2)(i) or143(2)(ii)
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
The provisions of section 143(2) are clear regarding the issuance of notice for both types of scrutinies independently and limit has also been prescribed for issuance of notice under section 143(2) for both types of scrutiny proceedings; hence, notic
well producing mineral oil eligible for 80-IB
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
Based on the methodology adopted for producing mineral oil, each well or a cluster of wells, depending on the nature of reservoir to be exploited, shall constitute an “undertaking” for the purpose of claiming a deduction under section 80-1B(9).
Condition precedent for invoking provisions of section 142A
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
Section 142A is attracted, inter alia, where the assessee is found to have made investment outside the books of account or where any such investment made by him is not fully disclosed in the books of account; the condition precedent for making the re
Allowability of depreciation on oil well
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
It might be true that as per certain decisions a well or a tube-well is an apparatus and therefore a plant but these decisions are all before their inclusion in the definition of building; consequently, all types of wells and tube-wells would be incl
Condition precedent for claiming deduction under section 42
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
Only such deduction are allowed under section 42(1) as are specified in the agreement (PSC) and that too when they fall in any of the sub-clause (a), (b) or (c) of section 42(1); the PSC is an agreement between the Government of India and the assesse
Condition precedent for claiming exemption under section 54
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
The benefit of exemption under section 54 is to be extended only when the property sold as well as the property purchased by the assessee are intended to be used as residential houses.
Allowability of head office expenses u/s 80-IA
CA Devanshi Gandhi (Ajani) 30 March 2009 at 12:55
Section 40C of the Act applies only in respect of Head Office expenses of a non-resident and has no application to the computation of deduction under section 80-IA; the head office expenses in the case of the non-resident as per provision of section
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