Sec. 41(1)

Sec. 41(1), Section 41

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding the amount received towards Capital Subsidy from M/s. Royal Sun and Alliance Pic, for infusion of additional capital by the appellant in the joint venture company as per the terms of Letter of Intent, dated 05.04.2000 is revenue receipt chargeable to tax?

/

High Court Of Madras Sundaram Finance Limited vs. Assistant Commissioner Of Income Tax Section 41(1)(b) Asst. Year 2002-2003 Dr. Vineet

Section 35DDA, Sec. 36(1)(vii), Sec. 41(1)

Punjab & Haryana H.C : the learned ITAT was right in law in upholding the order of CIT(A) in deleting the addition of Rs.90,97,536/-made by the Assessing Officer on account of bad debts written off disregarding the fact that the assessee had failed o prove that the written off debts had actually become bad and also failed to furnish any justification

/

High Court Of Punjab & Haryana Pr.CIT vs. ECO Auto Components Private Limited Ajay Kumar Mittal & Amit Rawal, JJ

Sec. 41(1), Section 41

Karnataka H.C : The Tribunal was right in law deleting the addition of Rs. 81,40,232 on account of cessation of liability under Section 41(1) being outstanding liability towards M/s. Durga Traders as claimed by the assessee when the assessee failed to prove the existence of the creditor and that the credit had insisted for the payment at pay point of time or initiated any legal action against the assessee, although the entry has been appearing in the books of the assessee for past 7 to 8 years and assessing authority rightly invoked provisions of sections 41(1) as all the conditions are fulfilled in the case of assessee

/

High Court Of Karnataka CIT, Bangalore vs. Alvares & Thomas Section 41(1) Assessment year 2010-11 Jayant Patel And Mrs. B.V.

Scroll to Top
Malcare WordPress Security