December 2014

Sec. 36(1)(vii), Sec. 36(1)(2), Sec. 36(1)(Viia), Section 254

Bombay H.C : Where Tribunal in respect of withdrawal of deduction under section 36(1)(viia), merely followed its order for preceding assessment year and upheld order passed by Commissioner in a casual manner, same was not justified; matter was to be remanded back to Tribunal

High Court Of Bombay State Bank Of India Vs. DCIT Section : 36(1)(Vii)/(1)/(Viiia)/(2), 254 Assessment Year : 2006-07 S.C. Dharmadhikari […]

Sec. 10(10C)

Karnataka H.C : The Commissioner of Income-tax (Appeals) has erred in ignoring e-circular on the ‘exit option’ scheme issued by the State Bank of India,’ Corporate Centre, Mumbai, wherein, as per paragraph 10, it is clearly mentioned that no exemption of ex gratia from income-tax under section 10(10C) of the Income-tax Act, 1961, is intended in that scheme

High Court Of Karnataka CIT Vs. Appasaheb Baburao Kamble Assessment Year : 2008-09 Section : 10(10C) Mohan M. Shantanagoudar And

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