Category: Taxation

Taxation

SUBSIDIES GRANTED BY STATE GOVERNMENT TO PROMOTE INDUSTRIALIZATION IN BACKWARD AREAS ARE CAPITAL RECEIPTS – BOMBAY HC

SUBSIDIES GRANTED BY STATE GOVERNMENT TO PROMOTE INDUSTRIALIZATION IN BACKWARD AREAS ARE CAPITAL RECEIPTS

Law, Taxation

STEP FORWARD! We represented this matter wherein Hon’ble Court acknowledged critical legal issues: whether demand can stand without a defined methodology under the Excise Act and whether penalty under Rule 26(1) was justified. Further scheduled for final hearing

Rathi excise appeal (1)

Taxation

HON’BLE APEX COURT SET ASIDE EXCISE DUTY DEMAND IMPOSED ON OIL MARKETING COMPANIES

Excise duty on OMCs set aside- SC

Income Tax, Taxation

SECTION 80G(5B) PERMITS A MIXED-PURPOSE TRUST TO CONDUCT SOME RELIGIOUS ACTIVITIES WHILE RETAINING ITS CHARITABLE STATUS- Bombay HC

Trust-charitable and religious

Judgement, Taxation

Royalty not a tax- SC

royalty not a tax

Income Tax, Taxation

Deduction not allowed for expenses incurred overseeing holding company’s project- Telangana HC

Section 37 ITA,1961

Income Tax, Legal Update, Taxation

DEDUCTION U/S SECTION 80P(2)(D) FOR COOPERATIVE SOCIETY- Delhi High Court

Income Tax Act, 1961

Income Tax, Legal Update, Taxation

Clarity to levy penalty under section 270A- Delhi HC

Section 270 A of Income Tax Act, 1961

Income Tax, Judgement, Legal Update, Taxation

Deduction under section 37 of Income Tax Act is permissible: Delhi HC

DEDUCTIONS UNDER SECTION 37 OF INCOME TAX ACT IS PERMISSIBLE

Income Tax, Judgement, Legal Update, Taxation

Re-Assessment, AO to determine whether it is a fit case- Allahabad HC

Re-Assessment under Income Tax Act, 1961