408 ITR

Income Tax Case Laws, Sec. 194A, Sec. 201(1A), Section 145, Section 201

Punjab & Haryana H.C : The payment @ 12% per annum of the amount of compensation paid and recorded as interest in the “Award of Compensation” of the Punjab Government is enhanced/additional compensation ignoring the facts that initial notification was published on 22.4.2010 and competent authority/DFCCIL-cum-district Revenue Officer announced award on 27.2.2012. Thus payment @ 12% has been given for delay in payment which is clearly in the nature of interest

High Court Of Punjab & Haryana CIT (TDS) vs. Dedicated Freight Corridor Corporation Limited Section 145A, 194A, 201(1A) and Section

Sec. 36(1)(Viia)

Calcutta H.C : Tribunal has erred in law in allowing deduction under section 36(1) (viia) of the I.T.Act, 1961, for the same advances made for all previous years leading to multiple deductions in every assessment year by misinterpreting the Rule 6ABA of the I.T. Rules, 1962 and also against the ratio of judgmen in the case of J.K Synthetics Ltd. vs. UOI 199 ITR 43 (SC)

High Court Of Calcutta Pr.CIT vs. Uttarabanga Kshetriya Gramin Bank Section 36(1)(viia) Asst. Year 2008-09 and 2009-10 Aniruddha Bose &

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