Redevelopment – Transit Rent paid by the Developer / Builder is not liable to TDS – Section 194(I) of the Income Tax Act, 1961
HELD that the “rent” is clarified in the explanation to Section 194(I) of the Income Tax Act, 1961, to
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Income Tax
Maintenance – Section 125 Cr PC – Deductions of LIC premium, Home Loan, Payment of Loan for purchase of land are not permissible in law – Allahabad High Court
The Family Court granted maintenance of Rs.15,000/- per month to the wife and Rs.5,000/- each to two children. This was
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Compensation – Motor Accident Claim – Dependency compensation – IT Returns cannot be the sole basis for determination of compensation under MV Act. Salary Certificate VS Income Tax Return
On 3.1.2011, innova car collided with the car of the appellant nos.1, 2 and deceased Madhuri S. Patil at Vele
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Prevention of Corruption Act, 1988 – exoneration of the accused in the income tax case cannot absolve under PC Act – Important Judgment of the Supreme Court.
In 1995, FIR / Charge sheet was filed against the appellant R.C.Sabharwal, Additional Chief Architect of New Delhi Municipal Corporation
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Income Tax Act 1961 – Offence under Sections 276-B read with 278-B – In the absence of mandatory notice of Section 2(35)(b) delivered to the Director – accused no.8, he cannot be treated as principal officer for prosecution.
The petitioner original accused no.8 was an independent, non-executive and nominee Director of the S. Kumar Nationwide Limited from 27.6.2007
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Profits or gains from foreign currency fluctuations cannot be treated as export income for deduction under Section 80HHHC of IT Act, 1960.
The assessee – export-oriented unit – filed returns for the year 2001-2001 for export turnover of Rs.8,27,15,688/- including the turnover
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Section 80P of Income Tax Act 1961 – Deduction – Cooperative Society for profits arising out of credit given to its members
Judgment dated 14.9.2023 of the Supreme Court of India Civil Appeal No.10069 of 2016 – Kerala State Cooperative Agricultural and
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Dividend Income – Tax Credit to Joint Venture – Oman Tax Laws and Double Taxation Avoidance Treaty
Judgment dated 15.9.2023 of the Supreme Court of India Civil Appeal No. 836 of 2018 – Principal Commissioner of Income
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Notice to dead assessee to reopen IT assessment is not legal
Judgment dated 13.7.2023 of the High Court of Bombay Important legal issues – Is legal heir under statutory obligation to
Read MoreIMPORTANT legal issues for every IT Assesses
Judgment dated 13.7.2023 of the High Court of Bombay – IMPORTANT legal issues for every IT Assessee (i) whether the
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