Judgements and Orders, Supreme Court and High courts of India
Software Development - Works Contract
VASANTH D JAGANATH 20 October 2008 at 20:08
sales tax - works contract - programming and providing computer software - consultancy charges - finding of additional commissioner upon scrutiny of books and invoices and profit and loss account that dealer engaged in application software developmen
CAPITAL OR REVENUE RECEIPTS
CA. Shikha 20 October 2008 at 16:11
Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.
Bombay High Court on section 28(1) of the Income-tax Act, 19
CA Pawan Goswami 17 October 2008 at 17:32
Section 28(i) of the Income-tax Act, 1961 - Business loss/deductions - Allowable as - Assessment year 1986-87 - ‘A’ Ltd., which carried on business of a financier, was amalgamated with assessee-company - Prior to its amalgamation, ‘A’ Ltd. had issued
Kerala High Court on section 37(1) of the Income-tax Act
CA Pawan Goswami 17 October 2008 at 17:30
Customised and Non-Customised Software are goods
VASANTH D JAGANATH 13 October 2008 at 19:54
Developing and selling unbranded software, the authority for clarification relying on the decision in Tata Consultancy Services Vs State of Andhra Pradehs [1997] 105 STC 421 (AP) clarified that the peritioner was not eligible to issue Form XVII for p
BUSINESS AUXILIARY SERVICE- MEANING OF MANUFACTURE
Jitender 11 October 2008 at 18:58
Section 65 of the Finance Act, 1994, read with section 2(f) of the Central Excise Act, 1944 - Business auxiliary services - Periods 10-9-2004 to 30-6-2006 and 1-7-2006 to 30-6-2007 - Stay order - Whether what is excluded from definition of ‘Business
Subsequent sale while goods in transit
VASANTH D JAGANATH 09 October 2008 at 21:09
Goods appropriated to contract before commencement of movement not an exempt subsequent sale. Dealer applying to department in Karnataka for C Forms. Karnataka Sales appropriate state to levy and recover CST
Freight Charges
VASANTH D JAGANATH 09 October 2008 at 20:51
Freight charges forms part of turnover of dealer even if it is charges and collected separaely
ITAT Bangalore Philips software
Taxguy 07 October 2008 at 13:56
The profits of super profit companies should not be “normalized”; instead they should be excluded from the list of comparables; The proviso to section 92 C (2) provides a standard deduction of 5% to the taxpayers at their option.
Commissioner of Income Tax-IV vsM/s HCL Comnet Systems &
Taxguy 03 October 2008 at 14:14
There are two types of "debt". A debt payable by the assessee is different from a debt receivable by the assessee.
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