Judgements and Orders, Supreme Court and High courts of India

Capital or revenue expenditure

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether amount paid to stock exchange as non-refundable deposits for acquiring OTC membership is a capital expenditure or revenue expenditure?

Posted in Income Tax | 95 Views

Concealment of Income

CA. A. Kumar 07 July 2008 at 18:39

Case Fact: Whether demonetised high denomination notes having no value be regarded as unexplained money and treated as concealment of income?

Posted in Income Tax | 87 Views

Case Fact: 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.

Posted in Income Tax | 89 Views

Input includes Damaged Goods

CA. A. Kumar 07 July 2008 at 12:22

Case Fact: Whether imported inputs damaged during transit can be considered as used for the manufacture of specified goods.

Posted in Excise | 73 Views

Valuation of stock

CA. A. Kumar 07 July 2008 at 12:22

Case Fact: Whether A.O. was justified in invoking section 145 to value closing stock at cost or market price which ever is lower where assessee had adopted the policy of valuing its closing stock at market price only

Posted in Income Tax | 101 Views