Day: October 15, 2011
24 articlesIncome Tax
Income Tax
Nature of expense not changes due to treatment of same in books of account
Income Tax
Income Tax
Payment of statutory liabilities/miscellaneous expenses, etc made by the assessee to the C & F agency not covered u/s 194C
Income Tax
Income Tax
HC rules on the meaning of full value when assets attached with liabilities are received by shareholders as proceeds from liquidation
Income Tax
Income Tax
Section 40 (a) (ia) applies even in respect of amount paid & not merely payable to contractors
Income Tax
Income Tax
Stamp duty paid during the course of amalgamation and compensation paid to employees under VRS scheme is deductible as revenue expense
Income Tax
Income Tax
Assessee not eligible for deduction u/s. 80RRA if the technical services provided by the assessee are not approved by the Govt.
Income Tax
Income Tax
Payment made by the assessee to the society as society maintenance expenses are not covered under section 194C
Income Tax
Income Tax
Assessee not eligible for deduction u/s 80IB on the amount disallowed by AO due to delayed payment of employee’s contribution of P.F
Income Tax
Income Tax
When assessee has given his address in the e-return and the AO has also given TDS credit on the same, AO is not right in serving notice u/s 143(2) by affixting the same on some other address
Income Tax
Income Tax
Under project completion method entire project as a whole is to be seen and hence transfer of some flats via registration is not conclusive of the year in which the income attributable to the project is to be taxed
Income Tax
Income Tax
section 41(1) Merely because liability is more than 5 years old does not mean that there is a cessation or remission
Income Tax
Income Tax
Expenses incurred for maintenance of building structure owned by the assessee and for the safety of the employees is revenue in nature
Income Tax
Income Tax
Prior scrutiny of accounts before referring them for special audit is sine qua-non and if the same has not been done the direction for special audit is bad in law and hence assessment framed becomes nullity
Income Tax
Income Tax
