Month: December 2010
567 articlesIncome Tax
Income Tax
When gift is not genuine, addition under section 68 is warranted
Income Tax
Income Tax
Words "amount on which interest was payable under sub-section (1) or sub-section 3" do not impose a condition that for interest to be attracted under section 234B(4) interest should actually be levied under original order of assessment under sub-section (1)
Income Tax
Income Tax
Appraisal report of survey team assist in making final assessment but that itself cannot become a final assessment
Income Tax
Income Tax
Liquidated damages received by the assessee from the supplier of the plant and machinery on account of delay in the supply of plant is a capital receipt
Service Tax
Service Tax
Prior to 2006, service rendered by a company cannot be brought under category of Consulting Engineer
Income Tax
Income Tax
Transfer pricing study of assessee and ALP of international transactions determined on the basis of such study simply cannot be rejected without any cogent reasons
Income Tax
Income Tax
Second rectification application by either party is maintainable only on issues not decided by Tribunal in any other rectification application filed by either of parties
Income Tax
Income Tax
Depreciation is to be allowed to the assessee on the `brand’ received by it under the scheme of amalgamation
Income Tax
Income Tax
Freight and insurance cannot be regarded as costs directly attributable to trading goods within meaning of clause (b) of Explanation to sub-section (3) of section 80HHC
Income Tax
Income Tax
