Tag Archives: Supreme Court Of India

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)....Read More

S.C : An assessee who sets up a new industry of a kind mentioned in sub-section (2) of Section 80-IC of the Act and starts availing exemption of 100 per cent tax under subsection (3) of Section 80-IC (which is admissible for five years) can start claiming the exemption at the same rate of 100% beyond the period of five years on the ground that the assessee has now carried out substantial expansion in its manufacturing unit

Supreme Court Of India CIT vs. Classic Binding Industries A. K. Sikri & Ashok Bhushan,....Read More

S.C : The Assessing Officer thereafter proceeded to pass an order under Section 201(1)/201(1A) read with Section 194A

Supreme Court Of India CIT vs. Canara Bank Section 194A, 201(1), 194A(3)(iii)(f), 201(1A), 194A(1), State....Read More

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),....Read More

S.C : Amounts which are payable towards interest on the payment of lump sum lease premium, in terms of the Lease which are covered by Section 194-A are covered by the exemption under Section 194A(3)(f) and therefore, not subjected to TDS

Supreme Court Of India New Okhla Industrial Development Authority & Ors. vs. CIT & Ors.....Read More

S.C : The petitioner was not entitled to deduction under Section 80-IC of the Act by virtue of provision sub-section (6), when the same was not even applicable to the petitioner

Supreme Court Of India Mahabir Industries vs. Pr.CIT A. K. Sikri & Ashok Bhushan, JJ.....Read More

S.C : Whether in the light of present facts and circumstances of the instant case, the material found in the course of survey in the premises of the builder could be used in Block Assessment of the assessee?

Supreme Court Of India CIT vs. S. Ajit Kumar Section 132A, 158BB R. K. Agrawal....Read More

S.C : whether in the light of present facts and circumstances of the instant case, the material found in the course of survey in the premises of the builder could be used in Block Assessment of the assessee

Supreme Court Of India CIT vs. S. Ajit Kumar Section 132A, 158BB R. K. Agrawal....Read More

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.....Read More

S.C : The case was selected for scrutiny and the assessment under Section 143(3) of the Income Tax Act, 1961

Supreme Court Of India CIT vs. Calcutta Export Company Section 40(a)(ia) Asst. Year 2005-06 R.....Read More