Shares against technical knowhow
Here is a case of a joint venture company. The foreign partner has brought technical knowhow as capital contribution. The…
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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
Business Expenditure
In The Case of CIT V. Tian House Service Ltd. (109TaX82) the board of directors of the assessee company resolved…
......Read MoreDividend & Interest Income
The Madras High Court in the case of CIT v. West Coast Electric Supplies Corpn. Ltd. (109TAX54) reversed the decision…
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In the case of CIT v. J.V. Gupta & Soons(HUF) (109TAX49) the assessing officer assessed amount received as salary…
......Read MoreRemission 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…
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The Ahmedabad Bench of the ITAT in the case of Vipinchandra V. Bavisi v. ACIT (108TAX249) held that amount received…
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Following the Apex Court ruling in the case of CIT v, P. J. Chemicals Ltd. (210ITR830) the Bombay High Court…
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