SC

SC: Mere book-keeping entry not ‘income,’ unless income has actually ‘resulted’

Merebook-keeping entry not ‘income,’ unless income has actually ‘resulted’; Tax to be levied only after receipt of accrual of income: Supreme Court

Nov 11,2011

SC: Liability to charge interest u/s 201(1A) not dependent upon due payment of taxes as per TDS provision

Liability to charge interest u/s 201(1A) not dependent upon due payment of taxes as per TDS provision; No demand for TDS default where taxes paid by the deductee: Supreme Court

Nov 10,2011

SC: For MAT computation, deduction u/s 80HHE to be based on book profit, not 'tax profits'

While computing MAT profit, reduction for ‘benefit u/s 80HHE’ to be computed based on ‘book profit’ and not ‘income-tax profit’ under normal provisions:SC 

Nov 04,2011

SC: Sale consideration of mortgaged property to include amount for redemption and discharge

Consideration for sale of mortgaged property to include amount for redemption and discharge: Supreme Court

Nov 02,2011

SC: Commitment charges and finance charges, similar to payment of commission and interest respectively, allowable as deduction u/s 37

Commitment charges and finance charges, similar to payment of commission and interest respectively, allowable as deduction u/s 37: Supreme Court

Oct 07,2011

SC: No absolute ' Secrecy ' under DTAA

No absolute bar of ' Secrecy' under Article 26 of India-Germany DTAA; Vienna Convention relevant in treaty interpretation under Indian context: SC

Jul 05,2011

SC: Non-Compete fees received pre 2002 not chargeable to tax

Non-Compete fees received prior to FY 2002- 03 a capital receipt, not chargeable to tax: SC

Mar 16,2011

SC: SC - Parliament can legislate laws that have extra-territorial application subject to conditions

The Supreme Court held that "Parliament may exercise its legislative powers with respect to extra-territorial aspects or causes only when such extra-territorial aspects or causes have, or are expected to

Mar 02,2011

SC: Interest payable on non payment of advance tax under MAT

Interest under Sections 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under MAT provisions

Jan 14,2011

SC: Allowability of deduction u/s 80HHC from Book Profit under MAT

The Honourable Supreme Court in the case Ajanta Pharma Ltd held that 100% of the eligible export profits earned by the assessee were eligible for reduction under clause (iv) of Explanation to

Jan 13,2011

Pages

Top