Interest free advance to associate concerns
In the case of Gujarat Narmada Valley Fertilisers Co. Ltd. V. Dy. CIT (108TAX213) the assessing officer disallowed part…
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Today's
Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Depreciation- put to use condition
In the case of Gujarat Narmada Valley Fertilisers Co. Ltd. V. Dy. CIT (108TAX213) the assessee had not made any…
......Read MoreDeduction u/s 43B- Provident Fund Payments
In the case of CIT v. South India Corpn. Ltd.(108TAX322) the payment of provident fund was made after the grace…
......Read MoreHotel Activity is no Manufacture
In the context of an assessee running a five star hotel who had claimed investment allowance on air conditiong system…
......Read MoreNon Charging of Interest
In the case of Dy. CIT v. Ganesh Chhababhai Valabhai Patel Family Trust (108TAX78) as part of the business of…
......Read MoreYear of Deduction
In the case of Dy. CIT v. Ganesh Chhababhai Valabhai Patel Family Trust (108TAX78) the assessee did not provide for…
......Read MoreCapital or Revenue Expenditure
The Delhi High Court in the case of Dalmia Dairy Industries Ltd. v. CIT (107TAX544) held that despite the…
......Read MoreAdhoc Provision
In the case of Hukumchand Jute & Industries Ltd. v. CIT (107TAX596) the assessee followed the mercantile basis of…
......Read MoreRemission of Trading Liability
Following the full bench decision of the Apex Court in the case of CIT v. Bharat Iron & Industries (199ITR67/70TAX353)…
......Read MoreInterest Free Advance to Sister Concern
Under section 260A inserted by the Finance (No. 2) Act, 1998 an assessee can directly appeal to the High Court…
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