Judgements and Orders, Supreme Court and High courts of India
Penalty on EPF delay payment
Muthu Aravind 25 June 2008 at 18:12
IF any delay payments regarding epf AND esi ,chARGED INTEREST RATE IS 12%ON SIMPLE INTEREST
Service Tax on Real Estate
Nilesh Damji Chheda 14 June 2008 at 14:26
judgement of AAR in case of M/s. Harekrishna Developers will increase the already increasing real estate price by charging service tax on real estate devlopers
Business expenses – S. 37(1) – Capital or Revenue expenses
Shefali Bajpai 07 June 2008 at 22:59
Expenditure on replacement of manual cone winders by auto cone winders in textile mill – No cost advantage on such replacement and no increase in installed capacity – Expenditure incurred was revenue notwithstanding large amount was spent - A.Y. 2002
Deductions – Sec. 80HHE – Export of computer software
Shefali Bajpai 07 June 2008 at 22:59
Assessee carrying on software export as well as domestic business – Assessee maintained independent and separate books of account for export and domestic sale – Deduction needs to be computed considering only the export business –A.Y. 1993-94
Valuation of stock
Shefali Bajpai 07 June 2008 at 22:59
To give effect to section 145A, if there is a change in the closing stock corresponding change in opening stock also to be made
Block Assessment
Shefali Bajpai 07 June 2008 at 22:59
Undisclosed Income vis-a-vis asset disclosed in the Regular Returns
Investment of amount in fdr only to secure bank guarantee to
Shefali Bajpai 07 June 2008 at 22:59
Interest accrued on deposit is business income
Depreciation can be claimed on leased vehicles
Shefali Bajpai 07 June 2008 at 22:59
Exemption under section 54f
Shefali Bajpai 07 June 2008 at 22:59
Sale of residential house and investment in new house – Even though registration is not complete assessee is entitled to exemption u/s. 54F
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