Month: March 2011

Calcutta H.C : The amount of remuneration paid to the trustees as fixed by the Hon’ble High Court constitute deductible expenditure from the income of the Trust as per provisions of section 24(1)(iv) of the Income-tax Act, 1961

High Court Of Calcutta Estate of Sree Sree Radha Kishan Jew vs. CIT, XIII Assessment Year : 1997-98 Section : 24 Bhaskar Bhattacharya And Sambuddha Chakrabarti, JJ. IT Appeal No. 139 Of 2004 March 31, 2011 JUDGMENT Bhaskar Bhattacharya, J. – This appeal under section 260A of the Income-tax Act, 1961 is at the instance of …

Allahabad H.C : Where assessee [District Excise Officer] granted licences to certain persons to carry on trade in country liquor in State of U.P. and realized basic licence fee for such grant, no tax liability could be fasted on assessee on basic licence fee under provisions of section 206C

High Court Of Allahabad CIT, Muzaffarnagar vs. District Excise Officer Assessment Years : 1989-90 To 1997-98 Section : 206C, 44B Ferdino Inacio Rebello, CJ. And Prakash Krishna, J. IT Appeal Nos. 67 & 69 Of 2002 And 25, 29, 31, 32 And 35 To 39 Of 2003 March 31, 2011 JUDGMENT 1. All these eleven appeals …

Andhra Pradesh H.C : Section 10(26AAB) is operative only from 1-4-2009, and it cannot operate retrospectively before insertion of section 10(26AAB), an agricultural market committee could claim exemption under section 11(1) as a charitable institution

High Court Of Andhra Pradesh CIT vs. Agriculture Market Committee Assessment Years : 2003-04 And 2004-05 Section : 10(26AAB) V. V. S. Rao And Ramesh Ranganathan, JJ. ITTA Nos. 421, 523 To 529 Of 2010 And 2, 3, 4, 6, 7, 11, 20, 22, 32, 36 To 43 Of 2011. March 30, 2011 JUDGMENT V.V.S. Rao, …
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