TaxGuru » Income Tax Case Laws http://taxguru.in Complete Tax Solution Fri, 10 Feb 2012 11:20:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Section 143(3) assessment order without AO’s signature is Void – ITAT Mumbai http://taxguru.in/income-tax-case-laws/section-1433-assessment-order-aos-signature-void-itat-mumbai.html http://taxguru.in/income-tax-case-laws/section-1433-assessment-order-aos-signature-void-itat-mumbai.html#comments Fri, 10 Feb 2012 05:59:19 +0000 admin http://taxguru.in/?p=47654 http://taxguru.in/income-tax-case-laws/section-1433-assessment-order-aos-signature-void-itat-mumbai.html/feed/ 0 Disallowance by CIT(A) of expense without any specific opportunity to the assessee in the matter of rendering of services not justified http://taxguru.in/income-tax-case-laws/disallowance-cita-expense-specific-opportunity-assessee-matter-rendering-services-justified.html http://taxguru.in/income-tax-case-laws/disallowance-cita-expense-specific-opportunity-assessee-matter-rendering-services-justified.html#comments Thu, 09 Feb 2012 16:40:45 +0000 admin http://taxguru.in/?p=47636 http://taxguru.in/income-tax-case-laws/disallowance-cita-expense-specific-opportunity-assessee-matter-rendering-services-justified.html/feed/ 0 Section 147 applies both to section 143(1) as well as section 143(3) – No reopening u/s 147 in absence of ‘new material’ http://taxguru.in/income-tax-case-laws/section-147-applies-section-1431-section-1433-reopening-147-absence-new-material.html http://taxguru.in/income-tax-case-laws/section-147-applies-section-1431-section-1433-reopening-147-absence-new-material.html#comments Thu, 09 Feb 2012 16:28:29 +0000 admin http://taxguru.in/?p=47635 http://taxguru.in/income-tax-case-laws/section-147-applies-section-1431-section-1433-reopening-147-absence-new-material.html/feed/ 0 Finance Lease – Lease equalization charge as per ICAI Guidelines is allowable http://taxguru.in/income-tax-case-laws/finance-lease-lease-equalization-charge-icai-guidelines-allowable.html http://taxguru.in/income-tax-case-laws/finance-lease-lease-equalization-charge-icai-guidelines-allowable.html#comments Thu, 09 Feb 2012 16:10:38 +0000 admin http://taxguru.in/?p=47634 http://taxguru.in/income-tax-case-laws/finance-lease-lease-equalization-charge-icai-guidelines-allowable.html/feed/ 0 S. 80HHC – SC reverses Bomaby HC judgment in Kalpataru case, DEPB Face value covered U/s. 28(iiib) http://taxguru.in/income-tax-case-laws/section-80hhc-sc-reverses-bomaby-hc-judgment-kalpataru-colours-chemicals-depb-face-covered-28iiib.html http://taxguru.in/income-tax-case-laws/section-80hhc-sc-reverses-bomaby-hc-judgment-kalpataru-colours-chemicals-depb-face-covered-28iiib.html#comments Thu, 09 Feb 2012 03:55:12 +0000 admin http://taxguru.in/?p=47544 http://taxguru.in/income-tax-case-laws/section-80hhc-sc-reverses-bomaby-hc-judgment-kalpataru-colours-chemicals-depb-face-covered-28iiib.html/feed/ 0 Depreciation allowed on intangible assets acquired on or after 1st April, 1998 – Expenditure on acquiring database cannot be claimed as revenue expenditure http://taxguru.in/income-tax-case-laws/depreciation-allowed-intangible-assets-acquired-1st-april-1998-expenditure-acquiring-database-claimed-revenue-expenditure.html http://taxguru.in/income-tax-case-laws/depreciation-allowed-intangible-assets-acquired-1st-april-1998-expenditure-acquiring-database-claimed-revenue-expenditure.html#comments Wed, 08 Feb 2012 23:28:55 +0000 admin http://taxguru.in/?p=47555 http://taxguru.in/income-tax-case-laws/depreciation-allowed-intangible-assets-acquired-1st-april-1998-expenditure-acquiring-database-claimed-revenue-expenditure.html/feed/ 0 Assessee to whom DTAA applies, the provisions of Income Act shall applied to the extent they are more beneficial to the assessee http://taxguru.in/income-tax-case-laws/assessee-dtaa-applies-provisions-income-act-applied-extent-beneficial-assessee.html http://taxguru.in/income-tax-case-laws/assessee-dtaa-applies-provisions-income-act-applied-extent-beneficial-assessee.html#comments Wed, 08 Feb 2012 23:21:01 +0000 admin http://taxguru.in/?p=47554 http://taxguru.in/income-tax-case-laws/assessee-dtaa-applies-provisions-income-act-applied-extent-beneficial-assessee.html/feed/ 0 Loss from windmill business can be set off against other heads of income http://taxguru.in/income-tax-case-laws/loss-windmill-business-set-heads-income.html http://taxguru.in/income-tax-case-laws/loss-windmill-business-set-heads-income.html#comments Wed, 08 Feb 2012 22:48:56 +0000 admin http://taxguru.in/?p=47552 http://taxguru.in/income-tax-case-laws/loss-windmill-business-set-heads-income.html/feed/ 0 Bank Guarantee Commission not liable to TDS U/s. 194H as it is is not a transaction between principal and agent http://taxguru.in/income-tax-case-laws/bank-guarantee-commission-liable-tds-194h-transaction-principal-agent.html http://taxguru.in/income-tax-case-laws/bank-guarantee-commission-liable-tds-194h-transaction-principal-agent.html#comments Wed, 08 Feb 2012 22:40:14 +0000 admin http://taxguru.in/?p=47542 http://taxguru.in/income-tax-case-laws/bank-guarantee-commission-liable-tds-194h-transaction-principal-agent.html/feed/ 0 Once tax has not been deducted and even if such tax has been paid by the deductee, disallowance u/s.40[a][ia] can still be made. http://taxguru.in/income-tax-case-laws/tax-deducted-tax-paid-deductee-disallowance-us40aia.html http://taxguru.in/income-tax-case-laws/tax-deducted-tax-paid-deductee-disallowance-us40aia.html#comments Wed, 08 Feb 2012 17:16:37 +0000 admin http://taxguru.in/?p=47541 http://taxguru.in/income-tax-case-laws/tax-deducted-tax-paid-deductee-disallowance-us40aia.html/feed/ 0 For section115JA/JB Deduction U/s. 80HHC to be computed with reference to the net profits in the profit and loss account – SC http://taxguru.in/income-tax-case-laws/section115jajb-deduction-80hhc-computed-reference-net-profits-profit-loss-account-sc.html http://taxguru.in/income-tax-case-laws/section115jajb-deduction-80hhc-computed-reference-net-profits-profit-loss-account-sc.html#comments Wed, 08 Feb 2012 17:03:30 +0000 admin http://taxguru.in/?p=47540 http://taxguru.in/income-tax-case-laws/section115jajb-deduction-80hhc-computed-reference-net-profits-profit-loss-account-sc.html/feed/ 0 CIT (A) Guilty of ‘Contempt’ For Not Following ITAT Verdict http://taxguru.in/income-tax-case-laws/cit-guilty-contempt-itat-verdict.html http://taxguru.in/income-tax-case-laws/cit-guilty-contempt-itat-verdict.html#comments Wed, 08 Feb 2012 16:46:34 +0000 admin http://taxguru.in/?p=47539 http://taxguru.in/income-tax-case-laws/cit-guilty-contempt-itat-verdict.html/feed/ 1 It is not permissible for the executing authority to look beyond the order it is required to execute http://taxguru.in/income-tax-case-laws/permissible-executing-authority-order-required-execute.html http://taxguru.in/income-tax-case-laws/permissible-executing-authority-order-required-execute.html#comments Wed, 08 Feb 2012 01:52:34 +0000 admin http://taxguru.in/?p=47490 http://taxguru.in/income-tax-case-laws/permissible-executing-authority-order-required-execute.html/feed/ 0 Assessee has right to plan its affairs in such a manner which may result in payment of least tax possible http://taxguru.in/income-tax-case-laws/assessee-plan-affairs-manner-result-payment-tax.html http://taxguru.in/income-tax-case-laws/assessee-plan-affairs-manner-result-payment-tax.html#comments Tue, 07 Feb 2012 10:21:46 +0000 admin http://taxguru.in/?p=47447 http://taxguru.in/income-tax-case-laws/assessee-plan-affairs-manner-result-payment-tax.html/feed/ 0 No Penalty for wrong / non furnishing of PAN in TDS return if Asseee files later revised return with Correct PAN http://taxguru.in/income-tax-case-laws/penalty-wrong-furnishing-pan-tds-return-asseee-files-revised-return-correct-pan.html http://taxguru.in/income-tax-case-laws/penalty-wrong-furnishing-pan-tds-return-asseee-files-revised-return-correct-pan.html#comments Tue, 07 Feb 2012 09:22:23 +0000 admin http://taxguru.in/?p=47445 http://taxguru.in/income-tax-case-laws/penalty-wrong-furnishing-pan-tds-return-asseee-files-revised-return-correct-pan.html/feed/ 0 Provisions written back can not be added to income if provision was not allowed in the earlier year http://taxguru.in/income-tax-case-laws/provisions-written-added-income-provision-allowed-earlier-year.html http://taxguru.in/income-tax-case-laws/provisions-written-added-income-provision-allowed-earlier-year.html#comments Tue, 07 Feb 2012 04:10:26 +0000 admin http://taxguru.in/?p=47491 http://taxguru.in/income-tax-case-laws/provisions-written-added-income-provision-allowed-earlier-year.html/feed/ 0 If relationship of principal and an agent exsit then TDS is deductible on Commission http://taxguru.in/income-tax-case-laws/relationship-principal-agent-exsit-tds-deductible-commission.html http://taxguru.in/income-tax-case-laws/relationship-principal-agent-exsit-tds-deductible-commission.html#comments Tue, 07 Feb 2012 04:06:22 +0000 admin http://taxguru.in/?p=47489 http://taxguru.in/income-tax-case-laws/relationship-principal-agent-exsit-tds-deductible-commission.html/feed/ 0 Addition U/s. 68 for non reply of Notice U/s. 133(6) – ITAT remanded matter Back to A.O. http://taxguru.in/income-tax-case-laws/addition-68-reply-notice-1336-itat-remanded-matter-ao.html http://taxguru.in/income-tax-case-laws/addition-68-reply-notice-1336-itat-remanded-matter-ao.html#comments Tue, 07 Feb 2012 04:03:03 +0000 admin http://taxguru.in/?p=47450 http://taxguru.in/income-tax-case-laws/addition-68-reply-notice-1336-itat-remanded-matter-ao.html/feed/ 0 ITAT reduces addition made by AO after rejecting the books of accounts http://taxguru.in/income-tax-case-laws/itat-reduces-addition-ao-rejecting-books-accounts.html http://taxguru.in/income-tax-case-laws/itat-reduces-addition-ao-rejecting-books-accounts.html#comments Tue, 07 Feb 2012 04:02:24 +0000 admin http://taxguru.in/?p=47449 http://taxguru.in/income-tax-case-laws/itat-reduces-addition-ao-rejecting-books-accounts.html/feed/ 0 Payment for shrink wrapped software/ off-the-shelf software amounts to ‘royalty’ http://taxguru.in/income-tax-case-laws/payment-shrink-wrapped-software-offtheshelf-software-amounts-royalty.html http://taxguru.in/income-tax-case-laws/payment-shrink-wrapped-software-offtheshelf-software-amounts-royalty.html#comments Sun, 05 Feb 2012 10:29:36 +0000 admin http://taxguru.in/?p=47380 http://taxguru.in/income-tax-case-laws/payment-shrink-wrapped-software-offtheshelf-software-amounts-royalty.html/feed/ 0 Taxability of Income from Leasing of Hotel with provision and maintenance of various facilities and amenities http://taxguru.in/income-tax-case-laws/taxability-income-leasing-hotel-provision-maintenance-facilities-amenities.html http://taxguru.in/income-tax-case-laws/taxability-income-leasing-hotel-provision-maintenance-facilities-amenities.html#comments Sun, 05 Feb 2012 10:07:13 +0000 admin http://taxguru.in/?p=47379 http://taxguru.in/income-tax-case-laws/taxability-income-leasing-hotel-provision-maintenance-facilities-amenities.html/feed/ 0 Receipt of retention money by furnishing bank guarantee not chargeable to tax as it accrues only on a successful completion of a contract http://taxguru.in/income-tax-case-laws/receipt-retention-money-furnishing-bank-guarantee-chargeable-tax-accrues-successful-completion-contract.html http://taxguru.in/income-tax-case-laws/receipt-retention-money-furnishing-bank-guarantee-chargeable-tax-accrues-successful-completion-contract.html#comments Sun, 05 Feb 2012 09:43:36 +0000 admin http://taxguru.in/?p=47378 http://taxguru.in/income-tax-case-laws/receipt-retention-money-furnishing-bank-guarantee-chargeable-tax-accrues-successful-completion-contract.html/feed/ 0 Consideration for transfer of limited right to use the know-how taxed as royalty income http://taxguru.in/income-tax-case-laws/consideration-transfer-limited-knowhow-taxed-royalty-income.html http://taxguru.in/income-tax-case-laws/consideration-transfer-limited-knowhow-taxed-royalty-income.html#comments Sun, 05 Feb 2012 09:19:20 +0000 admin http://taxguru.in/?p=47377 http://taxguru.in/income-tax-case-laws/consideration-transfer-limited-knowhow-taxed-royalty-income.html/feed/ 0 Expression ‘consultancy’ service involves giving of an advice or advisory services by a professional – AAR http://taxguru.in/income-tax-case-laws/expression-consultancy-service-involves-giving-advice-advisory-services-professional-aar.html http://taxguru.in/income-tax-case-laws/expression-consultancy-service-involves-giving-advice-advisory-services-professional-aar.html#comments Sun, 05 Feb 2012 05:33:04 +0000 admin http://taxguru.in/?p=47376 http://taxguru.in/income-tax-case-laws/expression-consultancy-service-involves-giving-advice-advisory-services-professional-aar.html/feed/ 0 Income-tax Authorities have no jurisdiction to tax payment made outside for supplies taking place outside the country http://taxguru.in/income-tax-case-laws/incometax-authorities-jurisdiction-tax-payment-supplies-place-country.html http://taxguru.in/income-tax-case-laws/incometax-authorities-jurisdiction-tax-payment-supplies-place-country.html#comments Sun, 05 Feb 2012 04:53:15 +0000 admin http://taxguru.in/?p=47375 http://taxguru.in/income-tax-case-laws/incometax-authorities-jurisdiction-tax-payment-supplies-place-country.html/feed/ 0 Business income accruing or arising to the applicant can be taxed in India only in respect of such operations carried out in India – AAR http://taxguru.in/income-tax-case-laws/business-income-accruing-arising-applicant-taxed-india-respect-operations-carried-india-aar.html http://taxguru.in/income-tax-case-laws/business-income-accruing-arising-applicant-taxed-india-respect-operations-carried-india-aar.html#comments Sun, 05 Feb 2012 04:36:02 +0000 admin http://taxguru.in/?p=47374 http://taxguru.in/income-tax-case-laws/business-income-accruing-arising-applicant-taxed-india-respect-operations-carried-india-aar.html/feed/ 0 Interrogation by Income tax officials till late night is torture & violation of human rights http://taxguru.in/income-tax-case-laws/interrogation-income-tax-officials-late-night-torture-violation-human-rights.html http://taxguru.in/income-tax-case-laws/interrogation-income-tax-officials-late-night-torture-violation-human-rights.html#comments Sun, 05 Feb 2012 02:39:56 +0000 admin http://taxguru.in/?p=47368 http://taxguru.in/income-tax-case-laws/interrogation-income-tax-officials-late-night-torture-violation-human-rights.html/feed/ 0 If the entire demand had been deleted the penalty imposed too deserves to be deleted http://taxguru.in/income-tax-case-laws/entire-demand-deleted-penalty-imposed-deserves-deleted.html http://taxguru.in/income-tax-case-laws/entire-demand-deleted-penalty-imposed-deserves-deleted.html#comments Sat, 04 Feb 2012 06:28:55 +0000 admin http://taxguru.in/?p=47371 http://taxguru.in/income-tax-case-laws/entire-demand-deleted-penalty-imposed-deserves-deleted.html/feed/ 0 If business was set up during the year Assessee entitled to benefit of carry forward of business loss and depreciation http://taxguru.in/income-tax-case-laws/business-set-year-assessee-entitled-benefit-carry-business-loss-depreciation.html http://taxguru.in/income-tax-case-laws/business-set-year-assessee-entitled-benefit-carry-business-loss-depreciation.html#comments Sat, 04 Feb 2012 00:11:37 +0000 admin http://taxguru.in/?p=47350 http://taxguru.in/income-tax-case-laws/business-set-year-assessee-entitled-benefit-carry-business-loss-depreciation.html/feed/ 0 Payment under inter-linked contracts for manufacturing attracts TDS u/s 194C http://taxguru.in/income-tax-case-laws/payment-interlinked-contracts-manufacturing-attracts-tds-194c.html http://taxguru.in/income-tax-case-laws/payment-interlinked-contracts-manufacturing-attracts-tds-194c.html#comments Fri, 03 Feb 2012 15:02:08 +0000 admin http://taxguru.in/?p=47328 http://taxguru.in/income-tax-case-laws/payment-interlinked-contracts-manufacturing-attracts-tds-194c.html/feed/ 0 Genuineness of transaction when identity of the share holders has not been established and notice u/s. 133(6) remained unserved http://taxguru.in/income-tax-case-laws/genuineness-transaction-identity-share-holders-established-notice-1336-remained-unserved.html http://taxguru.in/income-tax-case-laws/genuineness-transaction-identity-share-holders-established-notice-1336-remained-unserved.html#comments Fri, 03 Feb 2012 15:00:55 +0000 admin http://taxguru.in/?p=47313 http://taxguru.in/income-tax-case-laws/genuineness-transaction-identity-share-holders-established-notice-1336-remained-unserved.html/feed/ 0 For exercise of power U/s. 263, it is mandatory that order passed by AO should be erroneous and prejudicial to interest of Revenue http://taxguru.in/income-tax-case-laws/exercise-power-section-263-act-mandatory-order-passed-assessing-officer-erroneous-prejudicial-interest-revenue.html http://taxguru.in/income-tax-case-laws/exercise-power-section-263-act-mandatory-order-passed-assessing-officer-erroneous-prejudicial-interest-revenue.html#comments Fri, 03 Feb 2012 15:00:38 +0000 admin http://taxguru.in/?p=47324 http://taxguru.in/income-tax-case-laws/exercise-power-section-263-act-mandatory-order-passed-assessing-officer-erroneous-prejudicial-interest-revenue.html/feed/ 0 Appeal filed by the assessee liable to be unadmitted/dismissed, for non attendance http://taxguru.in/income-tax-case-laws/appeal-filed-assessee-liable-unadmitteddismissed-attendance.html http://taxguru.in/income-tax-case-laws/appeal-filed-assessee-liable-unadmitteddismissed-attendance.html#comments Fri, 03 Feb 2012 03:55:41 +0000 admin http://taxguru.in/?p=47314 http://taxguru.in/income-tax-case-laws/appeal-filed-assessee-liable-unadmitteddismissed-attendance.html/feed/ 0 Assessee cannot be held to be a trader in shares with respect to delivery basis transaction http://taxguru.in/income-tax-case-laws/assessee-held-trader-shares-respect-delivery-basis-transaction.html http://taxguru.in/income-tax-case-laws/assessee-held-trader-shares-respect-delivery-basis-transaction.html#comments Thu, 02 Feb 2012 02:09:37 +0000 admin http://taxguru.in/?p=47264 http://taxguru.in/income-tax-case-laws/assessee-held-trader-shares-respect-delivery-basis-transaction.html/feed/ 0 No Tax On Society Redevelopment Gains http://taxguru.in/income-tax-case-laws/tax-society-redevelopment-gains.html http://taxguru.in/income-tax-case-laws/tax-society-redevelopment-gains.html#comments Wed, 01 Feb 2012 15:49:42 +0000 admin http://taxguru.in/?p=47262 http://taxguru.in/income-tax-case-laws/tax-society-redevelopment-gains.html/feed/ 1 Transfer Pricing – TPO can rely on ‘contemporaneous’ data even if not available at specified date – ITAT Bangalore http://taxguru.in/income-tax-case-laws/transfer-pricing-tpo-rely-contemporaneous-data-date-itat-bangalore.html http://taxguru.in/income-tax-case-laws/transfer-pricing-tpo-rely-contemporaneous-data-date-itat-bangalore.html#comments Wed, 01 Feb 2012 15:25:25 +0000 admin http://taxguru.in/?p=47260 http://taxguru.in/income-tax-case-laws/transfer-pricing-tpo-rely-contemporaneous-data-date-itat-bangalore.html/feed/ 0 For rejecting the view taken in earlier assessment years, there must be a change in the fact situation or a material change in law http://taxguru.in/income-tax-case-laws/rejecting-view-earlier-assessment-years-change-fact-situation-material-change-law.html http://taxguru.in/income-tax-case-laws/rejecting-view-earlier-assessment-years-change-fact-situation-material-change-law.html#comments Wed, 01 Feb 2012 01:15:52 +0000 admin http://taxguru.in/?p=47230 http://taxguru.in/income-tax-case-laws/rejecting-view-earlier-assessment-years-change-fact-situation-material-change-law.html/feed/ 0 CIT Appeal to consider documents submitted by the Assessee before passing Ex-parte Order http://taxguru.in/income-tax-case-laws/cit-appeal-documents-submitted-assessee-passing-exparte-order.html http://taxguru.in/income-tax-case-laws/cit-appeal-documents-submitted-assessee-passing-exparte-order.html#comments Tue, 31 Jan 2012 01:33:48 +0000 admin http://taxguru.in/?p=47177 http://taxguru.in/income-tax-case-laws/cit-appeal-documents-submitted-assessee-passing-exparte-order.html/feed/ 0 Units of mutual funds are not generally trading instrument – ITAT Mumbai http://taxguru.in/income-tax-case-laws/units-of-mutual-funds-are-not-generally-trading-instrument-itat-mumbai.html http://taxguru.in/income-tax-case-laws/units-of-mutual-funds-are-not-generally-trading-instrument-itat-mumbai.html#comments Tue, 31 Jan 2012 01:02:47 +0000 admin http://taxguru.in/?p=47173 http://taxguru.in/income-tax-case-laws/units-of-mutual-funds-are-not-generally-trading-instrument-itat-mumbai.html/feed/ 0 TDS not deductible on freight chargers shown separately in Goods Purchase Bill http://taxguru.in/income-tax-case-laws/tds-deductible-freight-chargers-shown-separately-goods-purchase-bill.html http://taxguru.in/income-tax-case-laws/tds-deductible-freight-chargers-shown-separately-goods-purchase-bill.html#comments Mon, 30 Jan 2012 04:30:35 +0000 admin http://taxguru.in/?p=47114 http://taxguru.in/income-tax-case-laws/tds-deductible-freight-chargers-shown-separately-goods-purchase-bill.html/feed/ 0 If agreement was on principal-to-principal basis, payments made by the assessee to the distributor cannot be treated as commission liable for TDS U/s. 194H http://taxguru.in/income-tax-case-laws/agreement-principaltoprincipal-basis-payments-assessee-distributor-treated-commission-liable-tds-194h.html http://taxguru.in/income-tax-case-laws/agreement-principaltoprincipal-basis-payments-assessee-distributor-treated-commission-liable-tds-194h.html#comments Sun, 29 Jan 2012 13:16:54 +0000 admin http://taxguru.in/?p=47113 http://taxguru.in/income-tax-case-laws/agreement-principaltoprincipal-basis-payments-assessee-distributor-treated-commission-liable-tds-194h.html/feed/ 1 If asseee repaid the short term loan received by him the said amount could not be treated as income of assessee http://taxguru.in/income-tax-case-laws/asseee-repaid-short-term-loan-received-amount-treated-income-assessee.html http://taxguru.in/income-tax-case-laws/asseee-repaid-short-term-loan-received-amount-treated-income-assessee.html#comments Sun, 29 Jan 2012 13:05:46 +0000 admin http://taxguru.in/?p=47112 http://taxguru.in/income-tax-case-laws/asseee-repaid-short-term-loan-received-amount-treated-income-assessee.html/feed/ 0 In the absence of nexus between Education expenditure incurred for Director’s son and business of assessee company the same is not deductible http://taxguru.in/income-tax-case-laws/absence-nexus-education-expenditure-incurred-directors-son-business-assessee-company-deductible.html http://taxguru.in/income-tax-case-laws/absence-nexus-education-expenditure-incurred-directors-son-business-assessee-company-deductible.html#comments Sun, 29 Jan 2012 12:38:24 +0000 admin http://taxguru.in/?p=47109 http://taxguru.in/income-tax-case-laws/absence-nexus-education-expenditure-incurred-directors-son-business-assessee-company-deductible.html/feed/ 0 Taxability of waiver of principal amount of loan taken for purchase of capital asset or remission of trading liability http://taxguru.in/income-tax-case-laws/taxability-waiver-principal-amount-loan-purchase-capital-asset-remission-trading-liability.html http://taxguru.in/income-tax-case-laws/taxability-waiver-principal-amount-loan-purchase-capital-asset-remission-trading-liability.html#comments Sun, 29 Jan 2012 12:24:50 +0000 admin http://taxguru.in/?p=47108 http://taxguru.in/income-tax-case-laws/taxability-waiver-principal-amount-loan-purchase-capital-asset-remission-trading-liability.html/feed/ 0 Can an assessee engaged in letting out of rooms in a lodging house also treat the income from renting of a building to bank on long term lease as business income? http://taxguru.in/income-tax-case-laws/assessee-engaged-letting-rooms-lodging-house-treat-income-renting-building-bank-long-term-lease-business-income.html http://taxguru.in/income-tax-case-laws/assessee-engaged-letting-rooms-lodging-house-treat-income-renting-building-bank-long-term-lease-business-income.html#comments Sun, 29 Jan 2012 12:14:54 +0000 admin http://taxguru.in/?p=47106 http://taxguru.in/income-tax-case-laws/assessee-engaged-letting-rooms-lodging-house-treat-income-renting-building-bank-long-term-lease-business-income.html/feed/ 0 Can an assessee not claiming deduction under section 80-IB in the initial years claim the said deduction for the remaining years during the period of eligibility, if the conditions are satisfied? http://taxguru.in/income-tax-case-laws/assessee-claiming-deduction-section-80ib-initial-years-claim-deduction-remaining-years-period-eligibility-conditions-satisfied.html http://taxguru.in/income-tax-case-laws/assessee-claiming-deduction-section-80ib-initial-years-claim-deduction-remaining-years-period-eligibility-conditions-satisfied.html#comments Sun, 29 Jan 2012 11:39:45 +0000 admin http://taxguru.in/?p=47104 http://taxguru.in/income-tax-case-laws/assessee-claiming-deduction-section-80ib-initial-years-claim-deduction-remaining-years-period-eligibility-conditions-satisfied.html/feed/ 0 Does income derived from sale of export incentive qualify for deduction under section 80-IB? http://taxguru.in/income-tax-case-laws/income-derived-sale-export-incentive-qualify-deduction-section-80ib.html http://taxguru.in/income-tax-case-laws/income-derived-sale-export-incentive-qualify-deduction-section-80ib.html#comments Sun, 29 Jan 2012 11:28:36 +0000 admin http://taxguru.in/?p=47103 http://taxguru.in/income-tax-case-laws/income-derived-sale-export-incentive-qualify-deduction-section-80ib.html/feed/ 0 Exemption u/s. 54 in respect of more than one residential flat acquired by the assessee under a joint development agreement with builder http://taxguru.in/income-tax-case-laws/exemption-54-respect-residential-flat-acquired-assessee-joint-development-agreement-builder.html http://taxguru.in/income-tax-case-laws/exemption-54-respect-residential-flat-acquired-assessee-joint-development-agreement-builder.html#comments Sun, 29 Jan 2012 11:16:34 +0000 admin http://taxguru.in/?p=47102 http://taxguru.in/income-tax-case-laws/exemption-54-respect-residential-flat-acquired-assessee-joint-development-agreement-builder.html/feed/ 1 Can AO tax the actual profits as per books of accounts, if the same is higher than 10% of receipts which deemed to be the profits u/s. 44BBB in case of a foreign company engaged in turnkey projects? http://taxguru.in/income-tax-case-laws/assessing-officer-bring-tax-actual-profits-books-accounts-higher-10-receipts-deemed-profits-section-44bbb-case-foreign-company-engaged-turnkey-projects.html http://taxguru.in/income-tax-case-laws/assessing-officer-bring-tax-actual-profits-books-accounts-higher-10-receipts-deemed-profits-section-44bbb-case-foreign-company-engaged-turnkey-projects.html#comments Sat, 28 Jan 2012 18:45:42 +0000 admin http://taxguru.in/?p=47105 http://taxguru.in/income-tax-case-laws/assessing-officer-bring-tax-actual-profits-books-accounts-higher-10-receipts-deemed-profits-section-44bbb-case-foreign-company-engaged-turnkey-projects.html/feed/ 0