Courts: Madras High Court
Find latest Madras High Court judgments, orders and case laws on Income Tax, GST, Customs, Company Law, IBC and other tax and commercial matters.
Provision made to incentivise performance of workers cannot be disallowed u/s 43B(c)
Merely because commission is paid to the employees, they do not cease to be employees under the PF Act
Interest income on trade advance given by a credit institution towards purchase of machinery for which the delivery is delayed, is not covered under the definition of ‘interest’ as defined u/s 2(5A)
Allowance cannot be made merely because future payments were made out of the funds said to be kept in the suspense account
In case of loss making company valuing goodwill at 10% of the total consideration, without any material on record not sustainable
Compensation received for the mere loss of profits will be a revenue receipt, while the compensation received for the loss of a source of income would be capital receipt
Provident Fund (EPF) contribution on certain allowances – Applicability?
Reassessment after four years on change of opinion not valid
When the assessee carries out jobwork as a sub-contract to make article marketable, it is entitled to claim Sec 80HH benefits
Depreciation of the windmills purchased in the same year, prior to the date of search, should be granted in the regular assessment
Even if assessee admits different sums of undisclosed income on two different days, and then retracts one of its statements, no addition can be sustained for having recorded wrong disclosure statements during the search
Erection commissioning or installation Service – No Service Tax on laying of Plumbing, drain laying or other installations for transport of fluids etc before 16.5.2005
PF contributions need to be deducted for training period of Junior Employees
Penalty on Disclosure of undisclosed income in revised return to buy peace
Madras High Court judgments and orders constitute an extensive source of jurisprudence concerning taxation, corporate and commercial disputes. This TaxGuru page brings together Madras High Court case laws on Income Tax, GST, Customs, Company Law, insolvency, input tax credit, refunds, reassessment, tax demands, penalties and other legal matters. Taxpayers, companies, Chartered Accountants, advocates and tax professionals can use this collection to research judicial precedents and follow developments affecting tax and business law. TaxGuru publishes recent and significant earlier Madras High Court decisions with summaries and analysis highlighting important issues and legal principles. The page provides a convenient resource for researching taxation, corporate, commercial and regulatory litigation before the Madras High Court.
