Interest subsidy for repayment of loan acquired for acquisition of capital assets, is capital receipts Citation of the Case: DCIT vs. M/s J.K. Cement Ltd. (ITAT Lucknow), ITA No.499/LKW/2010, ITA No.247 / LKW/2011, ITA No.180/LKW/2012, ITA No.570/LKW/2012 & ITA No.668/LKW/2014, AY 2007-08 to 2011-12, Date of Judgment: 30/10/2015
Tag Archives: Case Laws
Modern Advocate need to 13 changes in Indian Courts 1. Dress Code Change: No doubt Indian lawyers wear power dress and we as citizens respect the dignity of it, yet mostly the black and white combination is assigned to hotel waiters & railway staff also. These reasons limitise the unique privilege to lawyer’s dress. Seldom […]
Brokerage expenses not allowed against income from house property Citation of the Case: M/s. Radiant Premises Pvt. Ltd. vs. ACIT (ITAT Mumbai), ITA No.5494/Mum/2013, AY 2010-2011, and Date of Judgment: 05/06/2015 Brief of the Case ITAT Mumbai held In the case of M/s. Radiant Premises Pvt. Ltd. vs. ACIT that the phrase rent received and […]
Interest on TDS deduction default not sustainable, where tax liability of deductor is NIL Citation of the Case: M/s. Anusha Investments Ltd. vs. ITO (Madras High Court), T.C.A. No: 398 of 2007, AY 2002-03, Date of Judgment: 14/07/2015 Brief of the Case Madras High Court held In the case of M/s. Anusha Investments Ltd. vs. […]
Valuation of goods under captive consumption Facts of the case, In ITC LTD VS. CCE 2014 (7) TMI 696 – CESTAT CHENNAI Chennai CESTAT M/s. ITC Ltd. (Packing and Printing Division) is one of the Units/Divisions of M/s. ITC Ltd., engaged in the manufacture of packaging materials. The main raw material in the manufacture of […]