Category: Section 10

Bombay H.C : Order passed by DIT(E) is beyond the scope of Sec. 263 of the I T. Act when the subject matter of revision is applicability of proviso to Sec. 2(15) and not denial of exemption u/s. 11

High Court Of Bombay CIT (Exemption) vs. Slum Rehabilitation Authority Section 2(15), 10(20), 11, 80-I, 80-I(2), 143(3), 263, 263(1) Asst. Year 2009-10 Akil Kureshi & Sarang V. Kotwal, JJ. Income Tax Appeal No. 1359 OF 2016 26th March, 2019 Counsel Appeared: Suresh Kumar for the Petitioner.: S.E. Dastur, Sr. Counsel, Nishant Thakkar, Jasmin Amalsadvala, i/by Mint …

Bombay H.C : The Tribunal justified in confirming the order of the CIT(A) and directing the AO to allow exemption u/s. 10(23C)(iiiab) of the Act without appreciating the fact that the assessee is not wholly or substantially financed by the Govt. in view of explanation to sub section (1) of section 14 of the Comptroller and Auditor General (Duties, Powers and Conditions of Services) Act, 1971 as the total Govt. grant during the year is less that 75% of the total expenditure of the assessee

High Court Of Bombay The Director Of Income Tax (Exemptions) vs. TATA Institute Of Social Science Section 10(23C)(iiiab) and Section 14 of the Controller Auditor General’s (Duties, Powers and Conditions of Service) Act,1971 Asst. Year 2004-05 and 2006-07 Akil Kureshi & M.S. Sanklecha, JJ. Income Tax Appeal No. 1179 OF 2013 WITH Income Tax Appeal No(s).1322 …

Madras H.C : The appellant was not entitled to the exemption under Section 10(23G) of the Income Tax Act in respect of the liquidated damages

High Court Of Madras Infrastructure Development Finance Co. Limited vs. Assistant Commissioner Of Income Tax Section 10, 10(23G), 28, 36, 36(1), 36(1)(vii)(c), 36(1)(viia)(c), 36(1)(viii), 36(i)(viiia)(c), 80IA(4), 80-IAB(3), 80-IB(10), 115JB, 115-O, 194A Asst. Year 2002-2003 Dr. Vineet Kothari & C.V. Karthikeyan, JJ. Tax Case Appeal No. 939 of 2008 1st March, 2019 Counsel Appeared: M/s. Farook I. …

Madras H.C : Section 10B(6) was attracted and deduction under Section 10B was to be computed without setting off of any carried forward losses and unabsorbed depreciation of the earlier assessment years

High Court Of Madras Intimate Fashions (India) P. Ltd. vs. Assistant Commissioner Ofincome Tax Section 10A, 10A(1), 10A(1A), 10A(4), 10A(6), 10B, 10B(4), 10B(6), 30 to 43D, 32(2), 70, 72 and 74, 260A, 263 Asst. Year 2003-04 S. Sivagnanam & V. Bhavani Subbaroyan, JJ. Tax Case Appeal Nos. 1456 & 1169 of 2008 11th January, 2019 Counsel …

S.C : whether the Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is a local authority within the meaning of Explanation to Section 10(20) of the I.T. Ac 1961 ?

Supreme Court Of India ITO & Ors. vs. Urban Improvement Trust & Ors. Section 10(20) Asst. Year 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 & 2009-10 A.K. Sikri & Ashok Bhushan, JJ. CIVIL APPEAL NO. 10577 OF 2018 (Arising out of SLP (C) No. 16836 of 2018), CIVIL APPEAL NO. 10578 OF 2018 12th October, 2018 ASHOK BHUSHAN, …

Karnataka H.C : Senior Counsel appearing for the respondent/assessee sought to justify the impugned order passed by the Income Tax Appellate Tribunal, allowing the deduction under Section 10B of the Act and remanding the matter for re-consideration and the assessee’s cross appeal was remand d which is not challenged here

High Court Of Karnataka CIT And Anr. vs. M/S. Trident Minerals (100% EOU) Section 10B Asst. Year 2009-10 B.Veerappa & H.T. Narendra Prasad, JJ. I.T.A.No 100029/2014 10th October, 2018 Counsel Appeared: Raviraj, Adv. for the Petitioner.: M.V. Seshachala, Sr. Counsel, H.R.Kambiyavar, Adv. for the Respondent. VEERAPPA J.: This appeal is filed by the Revenue against the …

Delhi H.C : The Tax Deduction at Source (TDS) from the amounts paid by the Life Insurance Corporation (in short ‘LIC’) to them to the extent it was applied to allowances meant to reimburse them, could not have been deducted

High Court Of Delhi K.S. Chaudhary And Ors. vs. Life Insurance Corporation Of India And Anr. Section 10(14)(i), 10(14)(ii), 89 S. Ravindra Bhat & A. K. Chawla, JJ. W.P.(C) 1278/2001 & W.P.(C) 7574/2008 27th September, 2018 Counsel Appeared: Yashish Chandra, Yashaswi Chouksey, Shantanu Jugtawat, Advs. in W.P.(C) 1278/2001 & Sarvesh Rai, Ankit Jain, Advs. in W.P.(C) …

S.C : Appellant is a local authority, hence, is exempted from payment of income tax under Section 10(20) and Section 10(20A) of Income Tax Act, 1961

Supreme Court Of India New Okhla Industrial Development Authority vs. CCIT & Ors. Section 10(20), 10(20A), and Articles 243P(d), 243P(e), 243Q of Constitution of India, Section 3 of U.P. Industrial Area Development Act, 1976 Asst. Year 2003-2004 & 2004-2005 A. K. Sikri & Ashok Bhushan, JJ. Civil Appeal Nos. 792-793 OF 2014 2nd July, 2018 ASHOK …
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