Courts: Allahabad High Court
1,539 articlesIncome Tax
Income Tax
S. 50C Not Apply To Asset held as Stock-In-Trade
Income Tax
Income Tax
If Prima facie demand raised has no leg to stand, it should be stayed fully
Income Tax
Income Tax
Ex – ITAT Members can practise before the Benches of Tribunal where they were not posted – HC
Income Tax
Income Tax
Material found in the search may be a ground for notice and assessment under Section 153A of the Act but that would not efface or terminate all the consequence, which has arisen out of the regular assessment or reassessment
Corporate Law
Corporate Law
Case pending in a lower court cannot be forwarded to another court till the decision taken by the lower court
Income Tax
Income Tax
Search warrant in joint names makes block-assessment invalid
Service Tax
Service Tax
Service Tax dues of predecessor can be recovered from purchaser/successor of assets if he agreed to bear all statutory liabilities
Income Tax
Income Tax
After passing the order by the Settlement Commissioner, no power vests on the A.O. or any other authority – HC
Income Tax
Income Tax
Rent from Simple Letting of Property is Business Profits
Income Tax
Income Tax
Depreciation on cooling chambers of the cold storage is allowable at the rate of 25%
Income Tax
Income Tax
Sale proceeds’ in Sec 10A also means net proceeds if the goods are purchased from foreign buyers on credit and assessee is entitled to benefits u/s 10A
Income Tax
Income Tax
An order passed under sub-section (6) or (7) of s 206C is appealable under s 246 (now s 246A) of the Income-tax Act
Income Tax
Income Tax
Share transactions declared by assessee cannot be doubted merely on ground that shares were of lesser known companies and their value cannot appreciate to the level claimed by the assessee
Income Tax
Income Tax
