Obligation to Deduct Tax at Source u/s 192
In the context of doctors who visit medical institutes/nursing homes as specialists on specified dates and also on emergency basis…
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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
Taxation of Oman Resident
The Authority for Advance Ruling (AAR) in petition no. 34(107TAX610) held that the applicant, an Oman resident who is not…
......Read MoreOrder Prejudicial to Interest of Revenue
In the case of Mitul Construction (P.) Ltd. V. Dy. Commissioner of Income tax (107TAX247) the assessee started the construction…
......Read MoreCapital or Revenue Expenditure
The Delhi High Court in the case of Dalmia Dairy Industries Ltd. v. CIT (107TAX544) held that despite the fact…
......Read MoreAdhoc Provision
In the case of Hukumchand Jute & Industries Ltd. v. CIT (107TAX596) the assessee followed the mercantile basis of keeping…
......Read MoreExemption u/s 54
Thje Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction…
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In a case before Kerala High Court in CIT v. Masoneilan (India) Ltd. (107TAX559) the return was not signed…
......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 MoreDeduction u/s 80HHC- Flight Kitchen Sales
The Mumbai Bench of the ITAT in the case of Indian Hotels Co. Ltd. v. DCIT (107TAX205) in quashing the…
......Read MoreWaiver Application u/s 220(2A)
In allowing the writ petition of the assessee in the case of J. Jayalalitha v. CIT the Madras High Court…
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