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Topic: Income Tax Case Laws

New with Topic: Income Tax Case Laws


Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Income received by a non-resident businessman from services coming within S. 44BB is not taxable u/s 9 (1) (vii) r.w.s. 44DA
The profits derived from business of providing services in connection with the prospecting for or extraction or production of...
 
Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Expenditure on replacement of machinery is capital expenditure
M/s. Sri Mangayarkarasi Mills (P) Ltd. (“assessee/SMMP Ltd.”), engaged in the manufacture and sale of cotton yarn, incurred...
 
Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Payment for non-compete right is not an intangible asset eligible for depreciation
Srivatsan Surveyors Pvt. Ltd. („Appellant?) is engaged in the business of licensed surveyors and loss assessors under the...
 
Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Outright purchase of plant knowhow in the form of technical / engineering data, design, drawings is not royalty subject to withholding taxes
Himachal Pradesh High Court holds that Outright purchase of plant knowhow in the form of technical / engineering data, design,...
 
Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Deductibility of interest on funds borrowed for acquiring controlling interest
This article summarizes a recent ruling of the Mumbai Income Tax Appellate Tribunal (ITAT) in the case of Panatone Finvest...
 
Sandeep Kanoi
Sandeep Kanoi posted a blog entry
Revised return which is a defective return filed under any of the provisions of the IT Act can be rectified
Treatment of a revised return which is defective A defective return filed under any of the provisions of the Income-tax Act,...