Courts: Delhi High Court
5,198 articlesIncome Tax
Income Tax
Rule 26 of CE Rules, 2002 – Penalty not sustainable where actual involvement of parties in clandestine removal of goods not established – HC
Income Tax
Income Tax
Receipts as per maintenance agreement not in nature of rental income, assessable as income from other sources
Income Tax
Income Tax
Transfer of Indian company Shares by a holding Company to another holding Company results in disallowance of B/F losses
Income Tax
Income Tax
AO issuing original assessment order can only initiate reopening proceedings
Income Tax
Income Tax
Piercing corporate veil to identify beneficial ownership u/s 79 not permitted: HC
Income Tax
Income Tax
Sec. 50B– Capital gain in slump sale- while calculating net worth of business, depreciation must be accounted
Income Tax
Income Tax
Settlement Commission has no jurisdiction to direct special audit as no nexus with settlement proceedings
Income Tax
Income Tax
Interest on idle funds mainly brought for capital expansion can be set off against pre-operative expenses
Income Tax
Income Tax
Unascertained liability can be claimed as expense if estimated reasonably in mercantile system of accounting
Income Tax
Income Tax
Purchase of software as a product being a transaction of sale, payment cannot be considered as royalty
Income Tax
Income Tax
HC restricts remedial action on audit objection – tones down rigour of Instruction No. 9/2006
Income Tax
Income Tax
CUP method can be applied by a comparing a pricing formulae instead of pricing quantification in amount
Income Tax
Income Tax
Amount received in pursuance of agreement of construction of additional area, not assessable as business income
Income Tax
Income Tax
