Category: Section 80HHC

Madras H.C : When DEPB receivable is assessed as income under u/s. 28(iv) of the Income Tax Act, 1961, the same has to be treated as export receipts while computing deduction u/s. 80HHC since 28(iv) was not referred to in Explanation (baa) to section 80HHC

High Court Of Madras Gold Line Exports vs. ITO Section 80HHC Asst. Year 2003-2004 Dr. Vineet Kothari & C.V. Karthikeyan, JJ. Tax Case Appeal No. 542 of 2011 15th February, 2019 Counsel Appeared: M.P. Senthil Kumar for the Petitioner.: V. Pushpa, Senior Standing Counsel for the Respondent. DR. VINEET KOTHARI, J.: The Assessee has filed the …

Karnataka H.C : The statute allows exclusion of such expenditure expressly only from the Export Turnover by way of specific definition of export turnover defined in the Act, while there is no specific provision in Section 10A warranting exclusion of the above expenses from the Total Turnover

High Court Of Karnataka Pr.CIT And Anr. vs. M/S Sasken Communication Technologies Ltd. Section 10A, 10A(1), 10A(2), 10A(3), 10A(4), 10A(6), 10B, 56, 80HHC, 80HHE, 260-A and Section 2(18) of Customs Act, 1962 Asst. Year 2005-06 Dinesh Maheshwari, CJ. & S.G. Pandit, J. I.T.A. Nos.44-45 OF 2016 31st October, 2018 Counsel Appeared: E.I. Sanmathi, Adv. for the …

Madras H.C : The reopening of assessment u/s.147 beyond four years is valid when there is no failure on the part of the assessee to disclose fully and truly all the material facts

High Court Of Madras Tractors And Farm Equipment Limited vs. Assistant Commissioner Of Income Tax Section 143(2), 147, 148, 80HHC Asst. Year 1997-98 T.S. Sivagnanam & Bhavani Subbaroyan, JJ. T.C.(A).No. 1548 of 2008 31st October, 2018 Counsel Appeared: Vikram Vijaya Raghavan, Subbaraya Aiyar Padmanabha,Ramamani for the Appellant.: S. Premalatha, M.Swaminathan for the Respondent T.S. SIVAGNANAM, J. …

Bombay H.C : the assessee is entitled to claim deduction u/s. 80IA on the total income after excluding profits (“deduction”) derived from export business of the two new industrial undertakings where 80HHC claim is allowed

High Court Of Bombay Indian Gum Industries Ltd. vs. JCIT & Anr. M. S. Sanklecha & Sandeep K. Shinde, JJ. Section 80IA(9A), 80-IA, 80HHC Asst. Year 1997-98 & 1998-99 Income Tax Appeal No. 802 OF 2002 13th July, 2018 Counsel appeared: S. Sriram a/w Mayank Thosar i/b B.V. Jhaveri for the Petitioner.: Suresh Kumar for the …

S.C : Whether the export house premium received by the assessee is includible in the “profits of the business” of the assessee while computing the deduction under Section 80HHC of the Income Tax Act, 1961?

Supreme Court Of India CIT vs. Carpet India Section 80HHC, 28 Asst. Year 2001-2002 R. K. Agrawal & Abhay Manohar Sapre, JJ. Civil Appeal No. 4590 OF 2018, 4601 OF 2018, 4602 OF 2018, 4591 OF 2018, 4597 OF 2018, 4599 OF 2018, 4592 27th April, 2018 R. K. AGRAWAL, J. Leave granted. The above batch …

S.C : The software development charges are to be excluded while working out the deduction admissible under Section 10A of the IT Act on the ground that such charges are relatable towards expenses incurred on providing technical services outside India

Supreme Court Of India CIT vs. HCL Technologies Ltd. Section 10A, 80HHC and 80HHE R. K. Agrawal & R. Banumathi, JJ. Civil Appeal Nos. 8489-8490 OF 2013, 8535 of 2013, 8555-8556 of 2013, 7853 of 2012, 8789 of 2012, 8559 of 2013 24th April, 2018 R. K. AGRAWAL, J. Leave granted. These appeals have been filed …

S.C : Whether expression “included any such profit” in clause (baa) to section 80HHC would mean only such receipts by way of brokerage, commission, interest, rent, charges or any other receipt

Supreme Court Of India ACG Associated Capsules (P.) Ltd. vs. CIT, Central-IV, Mumbai Assessment Year : 2003-04 Section : 80HHC S.H. Kapadia, A.K. Patnaik And Swatanter Kumar, JJ. Civil Appeal Nos. 4534 Of 2008 And 1914 Of 2012 February 8, 2012 JUDGMENT Civil Appeal No. of 2012 (Arising out of SLP(C) No. 32450 of 2010) A.K. …
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