Extinguishment of Right
The Bombay High Court in the case of CIT v. Hade Navigation (P.) Ltd. (107TAX372) redefined the law laid down…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Onus discharge
The DHC in 350ITR407 held that it was not open to the assessee to direct the Assessing Officer to go…
......Read MoreSuccession of business
Before the Madras High court in CIT v. National Textile Corpn. Ltd. (109TAX300) there was a statutory transfer of a…
......Read MoreConcealment Penalty
The Kerala High court in the case of CIT v. A. Sreenivasa Pai (109TAX267) held that the right conferred on…
......Read MoreDepreciation Allowance
In a landmark ruling the Supreme Court in the case of CIT v. Mahendra Mills (243ITR56) held that the assessing…
......Read MoreShares against technical knowhow
Here is a case of a joint venture company. The foreign partner has brought technical knowhow as capital contribution. The…
......Read MoreBusiness 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…
......Read MoreStandard Deduction
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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