<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>TaxGuru &#187; high court of delhi</title>
	<atom:link href="http://taxguru.in/tag/high-court-of-delhi/feed/" rel="self" type="application/rss+xml" />
	<link>http://taxguru.in</link>
	<description>Complete Tax Solution</description>
	<lastBuildDate>Fri, 10 Feb 2012 11:20:04 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
		<item>
		<title>Winding-up proceedings – Commendable role being played by company court – a case study</title>
		<link>http://taxguru.in/company-law/winding-up-proceedings-%e2%80%93-commendable-role-being-played-by-company-court-%e2%80%93-a-case-study.html</link>
		<comments>http://taxguru.in/company-law/winding-up-proceedings-%e2%80%93-commendable-role-being-played-by-company-court-%e2%80%93-a-case-study.html#comments</comments>
		<pubDate>Fri, 08 Jan 2010 04:47:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[blue engineering]]></category>
		<category><![CDATA[Companies Act]]></category>
		<category><![CDATA[company application]]></category>
		<category><![CDATA[company matters]]></category>
		<category><![CDATA[creditors]]></category>
		<category><![CDATA[etc company]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[judgment]]></category>
		<category><![CDATA[mergers]]></category>
		<category><![CDATA[mr justice]]></category>
		<category><![CDATA[new delhi]]></category>
		<category><![CDATA[petitioner]]></category>
		<category><![CDATA[winding up petition]]></category>
		<category><![CDATA[winding up petitions]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=18879</guid>
		<description><![CDATA[Yes, it is also true that just because an opposite party has not appeared in the matter, a suit or a petition need not be allowed where there is no merit in the case. But, to be frank, there exist a prima facie case for the Petitioner in the above case. The Petitioner alleges a due, sent a notice, the notice has not been replied and the Petitioner approaches the Court for winding-up of the Company. The result of the judgment makes it clear that the Court will never favour winding-up of a Company or trouble the Company, unless there exist a strong case or there exist no option except to wind-up the Company if it is a winding-up Petition.]]></description>
		<wfw:commentRss>http://taxguru.in/company-law/winding-up-proceedings-%e2%80%93-commendable-role-being-played-by-company-court-%e2%80%93-a-case-study.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>A shareholder has no &#8220;say&#8221; in management of a company unless and until he becomes part of management</title>
		<link>http://taxguru.in/company-law/a-shareholder-has-no-say-in-management-of-a-company-unless-and-until-he-becomes-part-of-management.html</link>
		<comments>http://taxguru.in/company-law/a-shareholder-has-no-say-in-management-of-a-company-unless-and-until-he-becomes-part-of-management.html#comments</comments>
		<pubDate>Tue, 29 Dec 2009 02:26:56 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[amrita shergill]]></category>
		<category><![CDATA[board resolution]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[defendant]]></category>
		<category><![CDATA[dividend]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[law justice]]></category>
		<category><![CDATA[maintainability]]></category>
		<category><![CDATA[new delhi]]></category>
		<category><![CDATA[permanent injunction]]></category>
		<category><![CDATA[plaintiff]]></category>
		<category><![CDATA[plaintiffs]]></category>
		<category><![CDATA[raj gupta]]></category>
		<category><![CDATA[ravi raj]]></category>
		<category><![CDATA[time of death]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=15695</guid>
		<description><![CDATA[Brief facts relevant for the purpose of deciding this issue are that the defendant no.1 company was a tenant in property no. 3 Amrita Shergill Marg, New Delhi. This property was leased by defendant no.5 M/s H.G.Gupta &#038; Sons (HUF) to defendant No. 1 Company for residence of its officers. The company by a resolution in the meeting of Board of Directors held on 27.2.1974 allotted this property to late Lala Hansraj Gupta in his capacity as CEO/Chairman of the company. Late Lala Hansraj Gupta was father of plaintiff no. 2 and defendants no. 2-4 and grandfather of plaintiff no. 1.]]></description>
		<wfw:commentRss>http://taxguru.in/company-law/a-shareholder-has-no-say-in-management-of-a-company-unless-and-until-he-becomes-part-of-management.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When CIT cannot exercise jurisdiction u/s 263 of Income Tax  Act, 1961</title>
		<link>http://taxguru.in/income-tax-case-laws/when-cit-cannot-exercise-jurisdiction-us-263-of-income-tax-act-1961.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/when-cit-cannot-exercise-jurisdiction-us-263-of-income-tax-act-1961.html#comments</comments>
		<pubDate>Tue, 24 Nov 2009 02:06:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[Book Profit]]></category>
		<category><![CDATA[book profits]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[clause c]]></category>
		<category><![CDATA[deputy commissioner]]></category>
		<category><![CDATA[dlf]]></category>
		<category><![CDATA[explanations]]></category>
		<category><![CDATA[hcl comnet]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[liabilities]]></category>
		<category><![CDATA[madras high court]]></category>
		<category><![CDATA[net profit]]></category>
		<category><![CDATA[net profits]]></category>
		<category><![CDATA[power ltd]]></category>
		<category><![CDATA[profit and loss]]></category>
		<category><![CDATA[profit and loss account]]></category>
		<category><![CDATA[provision for doubtful debts]]></category>
		<category><![CDATA[relevant paragraph]]></category>
		<category><![CDATA[statutory provision]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14784</guid>
		<description><![CDATA[The second ground for passing provisional order by the CIT under Section 263 of the Act relates to the provision for doubtful debts. As per the CIT, the provision for doubtful debts at Rs.818.03 lacs debited in the Profit and Loss account was not added back for calculating book profit under Section 115JB of the Act, which resulted into underassessment of income to that extent. In forming this opinion, the CIT has governed itself by the judgment of the Madras High Court in the case of Deputy Commissioner of Income Tax v. Beardsell Ltd., 244 ITR 256, wherein the Madras High Court held that where there is a statutory provision contained in explanation to sub-section (2) of Section 115JB of the Act, the provision made for uncertain liabilities are to be disallowed for calculating the book profits under Section 115JB of the Act.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/when-cit-cannot-exercise-jurisdiction-us-263-of-income-tax-act-1961.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Date of reckoning for limitation period provided u/s 154(7) of Income Tax Act, 1961</title>
		<link>http://taxguru.in/income-tax-case-laws/date-of-reckoning-for-limitation-period-provided-us-1547-of-income-tax-act-1961.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/date-of-reckoning-for-limitation-period-provided-us-1547-of-income-tax-act-1961.html#comments</comments>
		<pubDate>Sun, 22 Nov 2009 15:39:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate authority]]></category>
		<category><![CDATA[cotton corporation]]></category>
		<category><![CDATA[electronics ltd]]></category>
		<category><![CDATA[expression]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[international cotton]]></category>
		<category><![CDATA[ITAT judgments]]></category>
		<category><![CDATA[judgment]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[provision]]></category>
		<category><![CDATA[Reassessment]]></category>
		<category><![CDATA[rectification]]></category>
		<category><![CDATA[Sales Tax]]></category>
		<category><![CDATA[submissions]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14783</guid>
		<description><![CDATA[Once an appeal against the order passed by an authority is preferred and is decided by the appellate authority, the order of the said authority merges into the order of the appellate authority; with this merger, order of the original authority ceases to exist and the order of the appellate authority prevails; the limitation for the purpose of section 154(7) is to be counted from the date of this order of CIT (A) and not the date of original order of assessment.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/date-of-reckoning-for-limitation-period-provided-us-1547-of-income-tax-act-1961.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amount disbursed by chit Fund Company to its members from their contribution cannot be treated as interest</title>
		<link>http://taxguru.in/income-tax-case-laws/amount-disbursed-by-chit-fund-company-to-its-members-from-their-contribution-cannot-be-treated-as-interest.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/amount-disbursed-by-chit-fund-company-to-its-members-from-their-contribution-cannot-be-treated-as-interest.html#comments</comments>
		<pubDate>Sun, 22 Nov 2009 13:44:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[chit fund]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[installments]]></category>
		<category><![CDATA[interest on chit fund contribution]]></category>
		<category><![CDATA[money lender]]></category>
		<category><![CDATA[section 6]]></category>
		<category><![CDATA[shriram chits]]></category>
		<category><![CDATA[tds on chit fund sontribution]]></category>
		<category><![CDATA[term interest]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14277</guid>
		<description><![CDATA[The amount disbursed by a chit fund company to the members from their contribution cannot be treated as `interest'; as the payments made/disbursed to the subscribers/ members are not `interest', therefore, the question of deducting any tax at source therefrom would not arise; in the case of a chit fund, there is no borrowing of moneys nor any debt is incurred and as such the provisions of section 2(28A) are not attracted.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/amount-disbursed-by-chit-fund-company-to-its-members-from-their-contribution-cannot-be-treated-as-interest.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Applicability of MAT on amount withdrawn from revaluation reserve and credited to P&amp;L account</title>
		<link>http://taxguru.in/income-tax-case-laws/applicability-of-mat-on-amount-withdrawn-from-revaluation-reserve-and-credited-to-pl-account.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/applicability-of-mat-on-amount-withdrawn-from-revaluation-reserve-and-credited-to-pl-account.html#comments</comments>
		<pubDate>Sat, 07 Nov 2009 01:37:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[Book Profit]]></category>
		<category><![CDATA[book profit on revaluation reserve]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[indo rama synthetics]]></category>
		<category><![CDATA[profit and loss]]></category>
		<category><![CDATA[profit and loss account]]></category>
		<category><![CDATA[revaluation reserve]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=13843</guid>
		<description><![CDATA[Prior to insertion of the proviso to clause (i) of the Explanation of section 115JB the assessee was entitled to reduce the sum from revaluation reserve while computing book profit under section 115JB; however, after the insertion of the proviso to clause (i) of Explanation to section 115JB, the assessee has been deprived from this benefit by clearly mandating that in case the amount of such reserve has not been added back by the assessee in relevant assessment year i.e. when the assessee created the revaluation reserve while computing the book profit for that year, then the amount is statutorily to be included while computing the book profit under section 115JB.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/applicability-of-mat-on-amount-withdrawn-from-revaluation-reserve-and-credited-to-pl-account.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ICAI to issue fresh notice to PriceWaterhouse, Delhi after Delhi High Court objection</title>
		<link>http://taxguru.in/chartered-accountant/icai-to-issue-fresh-notice-to-pricewaterhouse-delhi-after-delhi-high-court-objection.html</link>
		<comments>http://taxguru.in/chartered-accountant/icai-to-issue-fresh-notice-to-pricewaterhouse-delhi-after-delhi-high-court-objection.html#comments</comments>
		<pubDate>Fri, 06 Nov 2009 02:53:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[CA CS ICWA]]></category>
		<category><![CDATA[chartered accountants act]]></category>
		<category><![CDATA[delhi high court]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[ICAI]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[pricewaterhouse]]></category>
		<category><![CDATA[profit and loss]]></category>
		<category><![CDATA[statutory auditors]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14242</guid>
		<description><![CDATA[Accounting regulator ICAI on Wednesday said it will issue fresh notices to PriceWaterhouse, Delhi, in relation to the Satyam scam after the Delhi High Court objected to its action against the firm without any evidence that it was related to PW, Bangalore, the statutory auditors of scam-hit company. ]]></description>
		<wfw:commentRss>http://taxguru.in/chartered-accountant/icai-to-issue-fresh-notice-to-pricewaterhouse-delhi-after-delhi-high-court-objection.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>False claim in return of Income would be treated as case of concealment of Income or of furnishing inaccurate particulars of Income</title>
		<link>http://taxguru.in/income-tax-case-laws/false-claim-in-return-of-income-would-be-treated-as-case-of-concealment-of-income-or-of-furnishing-inaccurate-particulars-of-income.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/false-claim-in-return-of-income-would-be-treated-as-case-of-concealment-of-income-or-of-furnishing-inaccurate-particulars-of-income.html#comments</comments>
		<pubDate>Sun, 01 Nov 2009 09:31:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[bogus claim]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[concealment]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[Levy of penalty under section 271(1)(c) of Income-tax Act]]></category>
		<category><![CDATA[penalty provision]]></category>
		<category><![CDATA[U/s. 271(1)(c)]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=12298</guid>
		<description><![CDATA[Even if there is no concealment of income or furnishing of inaccurate particulars, but on the basis thereof the claim, which is made, is ex facie bogus, it may still attract penalty provision.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/false-claim-in-return-of-income-would-be-treated-as-case-of-concealment-of-income-or-of-furnishing-inaccurate-particulars-of-income.html/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>IMP Judgment by Supreme Court on Applicability of ESI Act, if not reviewed, can create havoc</title>
		<link>http://taxguru.in/government-policy/important-judgment-of-apex-court-if-not-reviewed-can-create-havoc.html</link>
		<comments>http://taxguru.in/government-policy/important-judgment-of-apex-court-if-not-reviewed-can-create-havoc.html#comments</comments>
		<pubDate>Tue, 13 Oct 2009 03:43:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Government Policy]]></category>
		<category><![CDATA[apex court]]></category>
		<category><![CDATA[civil appeal]]></category>
		<category><![CDATA[employees insurance]]></category>
		<category><![CDATA[ESIC]]></category>
		<category><![CDATA[fertilizer]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[insurance act]]></category>
		<category><![CDATA[insurance corporation]]></category>
		<category><![CDATA[section 75]]></category>
		<category><![CDATA[state insurance]]></category>
		<category><![CDATA[supreme court of india]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=13493</guid>
		<description><![CDATA[It appears that the appellant had issued a notice under Section 45A of the Employees State Insurance Act, 1948 (hereinafter for short 'the Act') for making employer's contribution towards the employee’s state insurance. The respondent No. 1 Board challenged that notice before the Employees State Insurance Court, Delhi. It appears that neither the workers concerned of the respondent No. 1 Board nor any one of them in representative capacity were made parties in the petition under Section 75 of the Act before the Employees State Insurance Court or before the High Court.]]></description>
		<wfw:commentRss>http://taxguru.in/government-policy/important-judgment-of-apex-court-if-not-reviewed-can-create-havoc.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Validity of reopening of Assessment If Assessing Officer failed to disclose the basis on which he formed the opinion  that income chargeable to tax had escaped assessment</title>
		<link>http://taxguru.in/income-tax-case-laws/validity-of-reopening-of-assessment-if-assessing-officer-failed-to-disclose-the-basis-on-which-he-formed-the-opinion-that-income-chargeable-to-tax-had-escaped-assessment.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/validity-of-reopening-of-assessment-if-assessing-officer-failed-to-disclose-the-basis-on-which-he-formed-the-opinion-that-income-chargeable-to-tax-had-escaped-assessment.html#comments</comments>
		<pubDate>Fri, 09 Oct 2009 03:49:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[conclusion]]></category>
		<category><![CDATA[free accommodation]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[ita]]></category>
		<category><![CDATA[new delhi]]></category>
		<category><![CDATA[paragraph]]></category>
		<category><![CDATA[perquisite]]></category>
		<category><![CDATA[petitioners]]></category>
		<category><![CDATA[Reassessment]]></category>
		<category><![CDATA[residential tower]]></category>
		<category><![CDATA[senior counsel]]></category>
		<category><![CDATA[sun city]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=13170</guid>
		<description><![CDATA[Where in the reasons recorded seeking reopening of the assessment, the Assessing Officer had failed to disclose as to how he had come to the finding and on the basis of which materials that income chargeable to tax had escaped assessment; the reasons recorded were therefore, ex facie without any foundation and were in fact wholly baseless conclusion; accordingly, the notices issued against the assessee under sections 147/148 were to be quashed.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/validity-of-reopening-of-assessment-if-assessing-officer-failed-to-disclose-the-basis-on-which-he-formed-the-opinion-that-income-chargeable-to-tax-had-escaped-assessment.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Share brokers are eligible to claim bad debts as expense</title>
		<link>http://taxguru.in/income-tax/share-brokers-are-eligible-to-claim-bad-debts-as-expense.html</link>
		<comments>http://taxguru.in/income-tax/share-brokers-are-eligible-to-claim-bad-debts-as-expense.html#comments</comments>
		<pubDate>Sat, 19 Sep 2009 01:57:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[bad debt]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[contention]]></category>
		<category><![CDATA[delhi high court]]></category>
		<category><![CDATA[delhi stock exchange]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[respondent]]></category>
		<category><![CDATA[shares debentures]]></category>
		<category><![CDATA[stock broking]]></category>
		<category><![CDATA[underwriters]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=12809</guid>
		<description><![CDATA[CASE LAW DETAILS Decided by: Delhi High Court, In The case of: Commissioner Of Income Tax Vs. Db (India) Securities Ltd., Appeal No.: ITA No. 415/2007, Order Dated: 02.07.2009. SUMMARY OF CASE LAW The assessee, a broker, purchased shares of the value of Rs.1,06,10,247 on behalf of its sub-broker. The sub-broker made payment of Rs.64 [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/share-brokers-are-eligible-to-claim-bad-debts-as-expense.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>RBI circular on display of information regarding Local Level Committees</title>
		<link>http://taxguru.in/rbi/rbi-circular-on-display-of-information-regarding-local-level-committees.html</link>
		<comments>http://taxguru.in/rbi/rbi-circular-on-display-of-information-regarding-local-level-committees.html#comments</comments>
		<pubDate>Mon, 07 Sep 2009 01:41:18 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[RBI]]></category>
		<category><![CDATA[cerebral palsy]]></category>
		<category><![CDATA[commercial banks]]></category>
		<category><![CDATA[disabilities act]]></category>
		<category><![CDATA[disabled persons]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[level committees]]></category>
		<category><![CDATA[mental disabilities]]></category>
		<category><![CDATA[mental health act]]></category>
		<category><![CDATA[mental retardation]]></category>
		<category><![CDATA[national trust]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=12218</guid>
		<description><![CDATA[RBI/2009-10/142 DBOD.No.Leg.BC. 37 /09.07.005/2009-10 Dated: September 2, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Display of information regarding Local Level Committees set up under the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 Please refer to paragraph 11 of our Master Circular DBOD.No.Leg.BC.9/ [...]]]></description>
		<wfw:commentRss>http://taxguru.in/rbi/rbi-circular-on-display-of-information-regarding-local-level-committees.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In order to have a charity, you must have a source of income</title>
		<link>http://taxguru.in/income-tax/in-order-to-have-a-charity-you-must-have-a-source-of-income.html</link>
		<comments>http://taxguru.in/income-tax/in-order-to-have-a-charity-you-must-have-a-source-of-income.html#comments</comments>
		<pubDate>Thu, 03 Sep 2009 14:44:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[CA CS ICWA]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[charitable activity]]></category>
		<category><![CDATA[charitable institution]]></category>
		<category><![CDATA[charitable purpose]]></category>
		<category><![CDATA[chartered accountants of india]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[ICAI]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[Income Tax Exemption]]></category>
		<category><![CDATA[professional services]]></category>
		<category><![CDATA[running a business]]></category>
		<category><![CDATA[writ]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=12059</guid>
		<description><![CDATA[ICAI won the Income Tax Exemption Case in the High Court &#8211; Scope of the term &#8220;Charitable Purpose&#8221; defined by the High Court &#8211; In order to have a charity, you must have a source of income &#8211; Section 10(23C)(iv) September 2, 2009. Director General of Income Tax (Exemption) has denied the exemption to Institute of Chartered Accountants [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/in-order-to-have-a-charity-you-must-have-a-source-of-income.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Principle of mutuality where the income of the mutual concern is the contributions received from its contributors</title>
		<link>http://taxguru.in/income-tax-case-laws/principle-of-mutuality-where-the-income-of-the-mutual-concern-is-the-contributions-received-from-its-contributors.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/principle-of-mutuality-where-the-income-of-the-mutual-concern-is-the-contributions-received-from-its-contributors.html#comments</comments>
		<pubDate>Sun, 17 May 2009 07:44:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[aggarwal]]></category>
		<category><![CDATA[APPEAL]]></category>
		<category><![CDATA[authorities]]></category>
		<category><![CDATA[bansal]]></category>
		<category><![CDATA[benefit]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[cases]]></category>
		<category><![CDATA[commercial purpose]]></category>
		<category><![CDATA[discretion]]></category>
		<category><![CDATA[expenditures]]></category>
		<category><![CDATA[finding of fact]]></category>
		<category><![CDATA[food ltd]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[interference]]></category>
		<category><![CDATA[judgment]]></category>
		<category><![CDATA[judgments]]></category>
		<category><![CDATA[learned counsel]]></category>
		<category><![CDATA[man]]></category>
		<category><![CDATA[matter of fact]]></category>
		<category><![CDATA[mr c]]></category>
		<category><![CDATA[mutual concern]]></category>
		<category><![CDATA[mutual concerns]]></category>
		<category><![CDATA[mutuality]]></category>
		<category><![CDATA[obligation]]></category>
		<category><![CDATA[parent company]]></category>
		<category><![CDATA[pepsi]]></category>
		<category><![CDATA[perversity]]></category>
		<category><![CDATA[prem]]></category>
		<category><![CDATA[principle]]></category>
		<category><![CDATA[pvt ltd]]></category>
		<category><![CDATA[Return]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[tribunal]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8298</guid>
		<description><![CDATA[SUMMARY OF CASE LAW The principle of mutuality as enunciated by the Courts in various cases is applicable to a situation where the income of the mutual concern is the contributions received from its contributors.  CASE LAW DETAILS Decided by: HIGH COURT OF DELHI, In The case of: Yum! Restaurants (Marketing) Pvt. , Ltd.  v. [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/principle-of-mutuality-where-the-income-of-the-mutual-concern-is-the-contributions-received-from-its-contributors.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>High Court Interference would be justified only if it appears that the conclusions made by ITAT palpably perverse</title>
		<link>http://taxguru.in/income-tax-case-laws/high-court-interference-would-be-justified-only-if-it-appears-that-the-conclusions-made-by-itat-palpably-perverse.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/high-court-interference-would-be-justified-only-if-it-appears-that-the-conclusions-made-by-itat-palpably-perverse.html#comments</comments>
		<pubDate>Sun, 17 May 2009 07:21:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[adjudication]]></category>
		<category><![CDATA[APPEAL]]></category>
		<category><![CDATA[arora]]></category>
		<category><![CDATA[arts and crafts]]></category>
		<category><![CDATA[Assessment]]></category>
		<category><![CDATA[business centre]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[cases]]></category>
		<category><![CDATA[chetan]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[COMMISSION]]></category>
		<category><![CDATA[conclusions]]></category>
		<category><![CDATA[constitution]]></category>
		<category><![CDATA[corporates]]></category>
		<category><![CDATA[crafts society]]></category>
		<category><![CDATA[fine arts]]></category>
		<category><![CDATA[food ltd]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[installments]]></category>
		<category><![CDATA[instalment]]></category>
		<category><![CDATA[instalments]]></category>
		<category><![CDATA[interference]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[itat]]></category>
		<category><![CDATA[manik]]></category>
		<category><![CDATA[marketing services]]></category>
		<category><![CDATA[office]]></category>
		<category><![CDATA[outset]]></category>
		<category><![CDATA[paragraph]]></category>
		<category><![CDATA[perversity]]></category>
		<category><![CDATA[proceeding]]></category>
		<category><![CDATA[proceedings]]></category>
		<category><![CDATA[receipt]]></category>
		<category><![CDATA[Return]]></category>
		<category><![CDATA[rupees]]></category>
		<category><![CDATA[Share]]></category>
		<category><![CDATA[Shares]]></category>
		<category><![CDATA[smc]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[taxation]]></category>
		<category><![CDATA[tribunal]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8293</guid>
		<description><![CDATA[SUMMARY OF CASE LAW Interference of the High Court in findings of fact would be justified only if it appears to it that the conclusions arrived at by the ITAT are palpably perverse. CASE LAW DETAILS Decided by: HIGH COURT OF DELHI, In The case of: CIT v. K. J. Business Centre , Appeal No. : [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/high-court-interference-would-be-justified-only-if-it-appears-that-the-conclusions-made-by-itat-palpably-perverse.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Proceedings u/s. 147 r.w.s. 148 of IT Act do not wipe out or set aside original proceedings</title>
		<link>http://taxguru.in/income-tax-case-laws/proceedings-us-147-rws-148-of-it-act-do-not-wipe-out-or-set-aside-original-proceedings.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/proceedings-us-147-rws-148-of-it-act-do-not-wipe-out-or-set-aside-original-proceedings.html#comments</comments>
		<pubDate>Sat, 16 May 2009 15:10:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[accountability]]></category>
		<category><![CDATA[ambit]]></category>
		<category><![CDATA[amp]]></category>
		<category><![CDATA[Assessment]]></category>
		<category><![CDATA[balance sheet]]></category>
		<category><![CDATA[bharat]]></category>
		<category><![CDATA[Broker]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[converter]]></category>
		<category><![CDATA[Deduction]]></category>
		<category><![CDATA[department]]></category>
		<category><![CDATA[escapement]]></category>
		<category><![CDATA[Examinations]]></category>
		<category><![CDATA[expenditures]]></category>
		<category><![CDATA[expression]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[issuance]]></category>
		<category><![CDATA[lacs]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[maruti]]></category>
		<category><![CDATA[material facts]]></category>
		<category><![CDATA[officer issues]]></category>
		<category><![CDATA[paragraph]]></category>
		<category><![CDATA[perusal]]></category>
		<category><![CDATA[possession]]></category>
		<category><![CDATA[previous year]]></category>
		<category><![CDATA[proceedings]]></category>
		<category><![CDATA[Re-Assessment]]></category>
		<category><![CDATA[Reassessment]]></category>
		<category><![CDATA[satisfaction]]></category>
		<category><![CDATA[scope]]></category>
		<category><![CDATA[section 147]]></category>
		<category><![CDATA[tribunal]]></category>
		<category><![CDATA[virtue]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8274</guid>
		<description><![CDATA[SUMMARY OF CASE LAW The proceedings under section 147 cannot impinge upon items which have no connection or relation with items of income and/or expenditure which form the basis of a notice under section 148(1).  CASE LAW DETAILS Decided by: HIGH COURT OF DELHI, In The case of: Jay Bharat Maruti Ltd. v. CIT, Appeal [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/proceedings-us-147-rws-148-of-it-act-do-not-wipe-out-or-set-aside-original-proceedings.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Allowability of loss to be carried forward and set off against future income U/s. 80 of IT Act</title>
		<link>http://taxguru.in/income-tax-case-laws/allowability-of-loss-to-be-carried-forward-and-set-off-against-future-income-us-80-of-it-act.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/allowability-of-loss-to-be-carried-forward-and-set-off-against-future-income-us-80-of-it-act.html#comments</comments>
		<pubDate>Sun, 10 May 2009 15:42:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[APPEAL]]></category>
		<category><![CDATA[Assessment]]></category>
		<category><![CDATA[debenture]]></category>
		<category><![CDATA[Deduction]]></category>
		<category><![CDATA[equity share]]></category>
		<category><![CDATA[evidences]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[financial institution]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[judgments]]></category>
		<category><![CDATA[law provision]]></category>
		<category><![CDATA[learned counsel]]></category>
		<category><![CDATA[section 71]]></category>
		<category><![CDATA[section 74]]></category>
		<category><![CDATA[Shares]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=7972</guid>
		<description><![CDATA[CASE LAW DETAILS Decided by:. HIGH COURT OF DELHI , In The case of: CIT v Nalwa Investment Ltd , Appeal No. : ITA NO. 335/2006, Decided on: February 6, 2009 SUMMARY OF CASE LAW Provision of section 80 permits an assessee to carry forward a loss and seek its set off under section 71(1) or 73(2) or sub-section (1) [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/allowability-of-loss-to-be-carried-forward-and-set-off-against-future-income-us-80-of-it-act.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deduction on actual payment &#8211; Payments towards PF and ESIC</title>
		<link>http://taxguru.in/income-tax-case-laws/deduction-on-actual-payment-payments-towards-pf-and-esic.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/deduction-on-actual-payment-payments-towards-pf-and-esic.html#comments</comments>
		<pubDate>Wed, 06 Feb 2008 12:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate tribunal]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[Others]]></category>
		<category><![CDATA[Provident Fund]]></category>
		<category><![CDATA[question of law]]></category>
		<category><![CDATA[state insurance]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2008/02/06/deduction-on-actual-payment-payments-towards-pf-and-esi/</guid>
		<description><![CDATA[CIT vs Dharmendra Sharma - This decision was taken in appeal before the Supreme Court and by an order dt. 7th March, 2007 [reported as CIT vs. Vinay Cement Ltd. (2007) 213 CTR (SC) 268—Ed.], the Supreme Court observed that it was concerned with the law as it stood prior to the amendment of s. 43B of the Act. The assessee was entitled to claim the benefit provided under s. 43B of the Act for that period particularly in view of the fact that he had contributed to provident fund before filing the return. Accordingly, the SLP filed by the Revenue against the decision of Gauhati High Court was dismissed.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/deduction-on-actual-payment-payments-towards-pf-and-esic.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Appeal to High court &#8211; Estimate of income</title>
		<link>http://taxguru.in/income-tax-case-laws/appeal-to-high-court-estimate-of-income.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/appeal-to-high-court-estimate-of-income.html#comments</comments>
		<pubDate>Wed, 10 Oct 2007 13:29:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[APPEAL]]></category>
		<category><![CDATA[Assessment]]></category>
		<category><![CDATA[audited account]]></category>
		<category><![CDATA[disintegration of ussr]]></category>
		<category><![CDATA[high court of delhi]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[police authorities]]></category>
		<category><![CDATA[profit and loss account]]></category>
		<category><![CDATA[profit rate]]></category>
		<category><![CDATA[question of law]]></category>
		<category><![CDATA[taxation]]></category>
		<category><![CDATA[ussr]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2007/10/10/appeal-to-high-court-estimate-of-income/</guid>
		<description><![CDATA[October, 06th 2007 CIT vs Aero Leather (P) Ltd. Citation 163 Taxman 601 199 Taxation 244 Appeal to High court &#8211; Estimate of income   The assessee was mainly engaged in manufacturing and exporting shoes to USSR. On disintegration of USSR it sold shoes below cost price since shoes meant for USSR had no market in [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/appeal-to-high-court-estimate-of-income.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

