Slump Sale or sale of individual assets
The Income tax Act, 1961 only recognize two types of sale transactions of business assets of business. One type of…
......Read MoreThe Income tax Act, 1961 only recognize two types of sale transactions of business assets of business. One type of…
......Read MoreThe Ahmedabad Bench of the Tribunal in the case of Rohini Builders v. Dy. Commissioner of I Tax (2001) 117TAX25…
......Read MoreSection 43 B provides that all statutory taxes, duties, cess etc. can be claimed as deductible expenditure only in the…
......Read MoreUnder section 11(2), if a charitable institutions desires to accumulate more than 25 per cent. of its income the accumulation…
......Read MoreSection 40(b) of the Income tax Act, 1961 imposes certain ceilings and conditions on the payments made to the partners.…
......Read MoreThe Pune Bench in the case of Chintamani Hatcheries (P.) Ltd. vs. Deputy Commissioner of Income-tax (75ITD116) held that if…
......Read MoreThe P & H High Court in the case of Bal Ram Jakhar v. CIT (250ITR393) held that one of…
......Read MoreThe Supreme Court in the case of V.M. Salgaocar and Bros. Pvt. Ltd. Vs. Commissioner of Income-tax (243ITR383) held that…
......Read MoreEvery Act lay down certain period of limitation as regard filing of appeals. applications etc. Also in most of the…
......Read MoreThe Calcutta High Court in the case of City Express Super Market v. CIT (118TAX248) held that in disposing of…
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