section 35 - Page 2

In mercantile method of accounting allowability of expenditure depend on liability to pay

CIT Vs Panacea Biotech Ltd. (Delhi High Court)

So far as the contention with regard to the disallowing the claim on the expenditure incurred on the purchase of two machineries is concerned, the counsel for the Revenue has urged that though with respect to the first machinery an advance payment was made within the Assessment year, with respect to the second machinery no payment at all ...

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Notification No. 64/2009 – Income Tax Dated 1/9/2009

Notification No. 64/2009 - Income Tax (01/09/2009)

Notification No. 64/2009 - Income Tax It is hereby notified for general information that the organization P.S.G. & Sons Charities for the unit P.S.G. College of Technology, Coimbatore, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read w...

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Notification No. 63/2009 – Income Tax Dated 31/8/2009

Notification No. 63/2009 - Income Tax (31/08/2009)

Notification No. 63/2009 - Income Tax It is hereby notified for general information that the organization Centre for Development of Advanced Computing, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961 (said Act), read with rules 5C and 5D of the In...

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CESTAT cannot dismiss an appeal when a writ application thereto is pending before a high court

A Calcutta High Court judgment today held that Customs, Excise, Service Tax Appellate Tribunal (CESTAT) cannot dismiss an appeal when a writ application thereto is pending before a high court. The order gave much awaited relief to many appellants whose applications and pleas were pending before the CESTAT...

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Posted Under: Income Tax |

Income Tax department can not tax research work

The Bombay High Court, in a recent order, came down heavily on the Income-Tax Department, which unilaterally injected an application for exemption for scientific and industrial research, without seeking guidance of experts on the matter. Tax authorities do not have the jurisdiction to decide on the issues pertaining to scientific research...

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Posted Under: Income Tax |

Notification No. 56/2009 – Income Tax Dated 9/7/2009

Notification No. 56/2009 - Income Tax (09/07/2009)

Notification No. 56/2009 - Income Tax It is hereby notified for general information that the organization Man Made Textile Research Association, Surat has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-...

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Power to condone delay beyond 180 days by High Court

Circular No. 888/08/2009-CX (21/05/2009)

I may invite your attention to the Supreme Court’s Larger Bench judgement in the case of Commissioner of Customs & Central Excise Vs. Hongo India Pvt. Ltd. [2009 (236) E.L.T 417 (S.C)] wherein it has been held that the High Court has no power to condone the delay in filing the “reference application” filed by the Commissioner under ...

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Scientific Research Expenditure – Approved Scientific Research Associations/Institutions- Notification 95/2008, Notification 94/2008

Notification No. 95/2008-Income Tax (01/10/2008)

NOTIFICATION NO. 95/2008, Notification 94/2008 It is hereby notified for general information that the organization National Health & Education Society, (P.D. Hinduja National Hospital and Medical Research Centre), Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Inc...

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