Standard Deduction
In the case of CIT v. J.V. Gupta & Soons(HUF) (109TAX49) the assessing officer assessed amount received as salary…
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Today's
54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's Club expenditure ......Read More
Yesterday's Club expenditure ......Read More
Remission or Cessation of Trading Liability
Before the Kerala High Court in the case of CIT v. Kesaria Tea Co. Ltd. (109TAX44) there was a case…
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The Ahmedabad Bench of the Tribunal in the case of DCIT v. Gujarat Filaments Ltd. (108TAX287) held that the assessing…
......Read MorePrinciples of Natural Justice
1.Principle of Res Judicata It is generally practiced that each assessment year is unit in itself and thus not…
......Read MoreTenancy Rights
The Ahmedabad Bench of the ITAT in the case of Vipinchandra V. Bavisi v. ACIT (108TAX249) held that amount received…
......Read MoreCentral Subsidy
Following the Apex Court ruling in the case of CIT v, P. J. Chemicals Ltd. (210ITR830) the Bombay High Court…
......Read MoreGround for reopening cases
More than one Court in the case of CWT v. C. Seshachalam Chetty (108TAX570) , 101DTR244,209, 393ITR658 have held that…
......Read MoreIssue of Summons/notice without application of mind
In explaining the significance of powers enshrined u/s 131(1) of the Income-tax Act the Bombay High Court in the case…
......Read MoreMerger Effect of Appellate Order
The Allahabad High Court in the case of CIT v. Sir Shadi Lal Enterprises Ltd. (108Tax543) reemphasized the settled law…
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