Judgements and Orders, Supreme Court and High courts of India

enlarging scope and ambit of section 194C

CA Devanshi Gandhi (Ajani) 20 March 2009 at 14:29

The facilities/amenities made available by a hotel to its customers do not constitute “work” within the meaning of section 194C; consequently, the Circular No. 681 dated 8-3-1994 to the extent it holds that the services made available by a hotel to i

Posted in Income Tax | 2021 Views

Allowability of liability under “long service award” scheme

CA Devanshi Gandhi (Ajani) 20 March 2009 at 14:29

The provision for a liability is amenable to a deduction if there is an element of certaintly that it shall be incurred and it is possible to estimate the liability with reasonable certainty even though the actual quantification may not be possible.

Posted in Income Tax | 2286 Views

Applicability of section 40(a)(i) of IT Act

CA Devanshi Gandhi (Ajani) 17 March 2009 at 19:46

The payment by way of reimbursement of salary and expenses payable outside India or to a non-resident is chargeable under the head “salaries”, and the same is not covered by section 40(a)(i) but is covered by section 40(a)(iii) and in respect of whic

Posted in Income Tax | 2604 Views