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HC - Interest on borrowed funds utilised for investment in shares can be treated as business expenditure
The Commissioner of Income Tax Versus Shriram Investments (firm)
(2014) TaxCorp(LJ) 4627 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=58473&Category=Judgment&CategoryType=Zip
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HC –Interim stay granted on Clause 7 of CBDT notification (Levy of Interest u/s 234A) dated Sept 26, 2014
All India Federation of Tax Practitioner vs. CBDT
(2014) TaxCorp(LJ) 4625 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=4223&Category=Landmark&CategoryType=Zip
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HC - Five independent flats treated as single unit for the purpose of exemption u/s 54F
Commissioner of Income Tax Versus Smt. VR. Karpagam
(2014) TaxCorp(LJ) 4622 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=57982&Category=Judgment&CategoryType=Zip
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HC - Applicability of section 50C - Objection for invoking Section 50C(1)
AppaduraiVijayaraghavanVersus The Joint Commissioner of Income Tax (OSD), Income Tax Department
(2014) TaxCorp(LJ) 4604 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=58010&Category=Judgment&CategoryType=Zip
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HC - Royalty payments pursuant to license granted under subsequent technical collaboration agreements is revenue in nature
CIT vs Hitech Arai Ltd
(2014) TaxCorp(LJ) 4555 (HC-MADRAS)
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HC - Size of the industry is big and there are large number of workers employed is no reason to deny benefit u/s 80P(2)(a)(ii) if it is a 'cottage industry'
CIT vs The Chennimalai Industrial WCS Ltd and Ors
(2014) TaxCorp(LJ) 4544 (HC-MADRAS) · Section. 80P(2)(a)(ii)
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HC - Amount received by Netherlands Company for hiring out dredgers to Indian sister concern for use in India ports not "Royalty"
CIT vs Van Oord ACZ Equipment BV
(2014) TaxCorp(LJ) 4532 (HC-MADRAS)
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S. 158BD: Issue of notice u/s 158BD to the non-searched party has to be within the within the two years period given to the AO for completion of block assessment u/s 158BE(1)
CIT. Vs. V. D. Muralidharan
(2014) TaxCorp(LJ) 4510 (HC-MADRAS) · Section. 158BD, 158BE(1)
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S. 2(47)(vi): A Power of Attorney which does not enable enjoyment of property does not result in a "transfer". CBDT Circular No.495 dated 22.9.1987 reads more into s. 2(47)(vi) than warranted
CIT. vs. C. Sugumaran
(2014) TaxCorp(LJ) 4322 (HC-MADRAS) · Sections. 2(47)(vi)
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Admission of undisclosed income by assessee constitutes good evidence. Loose sheets found during search can be relied upon
B. Kishore Kumar vs. DCIT
(2014) TaxCorp(LJ) 4313 (HC-MADRAS)
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S. 54F amendment by Finance (No.2) Act, 2014 is prospective & w.e.f. 01.04.2015
CIT vs. V. R. Karpagam
(2014) TaxCorp(LJ) 4231 (HC-MADRAS) · Section. 54F
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HC = Investment u/s 54EC falling under two financial years and crossing limit of Rs 50 lakhs
COMMISSIONER OF INCOME TAX, CHENNAI Vs C JAICHANDER
(2014) TaxCorp(LJ) 4224 (HC-MADRAS) · Income Tax - Sections 54EC, 255(4), 142 & 143(2).
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HC – Interim stay granted on Clause 7 of CBDT notification (Levy of Interest u/s 234A) dated Sept 26, 2014
All India Federation of Tax Practitioner vs. CBDT
(2014) TaxCorp(LJ) 4223 (HC-MADRAS) · 234A
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HC – Interim stay granted on Clause 7 of CBDT notification (Levy of Interest u/s 234A) dated Sept 26, 2014
All India Federation of Tax Practitioner vs. CBDT
(2014) TaxCorp(LJ) 4222 (HC-MADRAS) · 234A
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