275 ITR

Sec. 194A, Section 194

Karnataka H.C : The Tribunal is the legality of levy of penalty on the petitioner for not having deducted the tax at source in respect of the interest payments made by the petitioner-company to the claimants who had put forth claims against the owners of the motor vehicles which had been insured with the petitioner insurance company

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High Court Of Karnataka Divisional Manager, New India Assurance Co. Ltd. vs. Income Tax Officer & Anr. Sections 194A, 226(3)

Section 32AB

Calcutta H.C : Whether, for computing the profits in terms of s. 32AB(3) of the Act, the income by way of dividends, interest on securities, property income, which is treated as business income under the provisions of Parts II and III of Sch. VI to the Companies Act, 1956, is to be excluded and deduction under the said section is not to be allowed with reference thereto ?

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High Court Of Calcutta J. Thomas & Co. (P) Ltd. vs. CIT Sections 32AB(3), 32AB(5), 1988FA 2(9)(g), 1989FA 2(9)(g), 1990FA

Sec. 41(2), Section 41

Allahabad H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that no profit be charged under s. 41(2) of the IT Act, 1961, on the sale of assets, the WDV of which was not ascertainable, instead of the WDV of the remaining block of assets be reduced by the amount of sale receipts ?

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High Court Of Allahabad CIT vs. J.K. Cotton Spinning & Weaving Mills Co. Ltd. Section 41(2) Asst. Year 1976-77 R.K.

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