Day: January 16, 2011
39 articlesIncome Tax
Income Tax
A business centre cannot be said to be a `house’ for purposes of clause (3) of section 2(ea) of Wealth-tax Act
Income Tax
Income Tax
In order to attract provisions of section 41(1)(a), there must be a remission or cessation of the trading liability and consequently a benefit must enure to assessee
Income Tax
Income Tax
Conditions prescribed in clauses (a),(b) and (c) of sub-section 7 of section 94 are intended to be cumulative in nature
Income Tax
Income Tax
In the absence of failure of the assessee to disclose fully and truly all material facts necessary during his assessment under sub-section (3) of section 143 no action can be taken after the expiry of four years
Income Tax
Income Tax
When Banks claim deduction of bad debt written off in previous year by virtue of proviso to section 36(1)(vii), they are entitled to claim deduction of such bad debt only to extent it exceeds provision created and allowed as deduction under clause (viia)
Income Tax
Income Tax
Invoking provisions of section 80-IA(10) does not arise in case there are no transactions by assessee with any other person
Income Tax
Income Tax
INDO-UAE DTAA: Mere physical presence of non-resident’s vessel in territorial waters of India pursuant to hiring of vessel on Bareboat Charter terms by applicant does not, without anything more, constitute a permanent establishment
Income Tax
Income Tax
Housing project for purpose of section 80-IB(10) does not include construction of commercial establishment carried out by another entity in that area
Income Tax
Income Tax
Indo-Mauritius DTAA – Applicant is not liable to be taxed in India on proposed transfer of its shares in an Indian Company to its wholly owned subsidiary company in India
Income Tax
Income Tax
