December 08, 2017 The CBDT (Central Board of Direct Taxes) has today notified that the deadline to link Aadhaar […]
November 23, 2017 The Centre has set up a Panel to formulate a draft direct Tax after reviewing the Income […]
November 18, 2017 The Cabinet chaired by the Prime Minister Narendra Modi yesterday has given a green signal for the […]
5 Income Tax Judgments dealing with Interest Supreme Court Commissioner of Income Tax cases regarding Interest, reasonableness of the rate of interest paid by the assessee on borrowings etc
Sub Section 145 of Income tax Act, 1961 provides that the incomes chargeable under the heads “Profits and gain of business or profession” or “ Income from other sources” shall be subject to the provisions of the Sub- section 2 be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee.
We have made a serious pitch for this (making tax evasion a serious criminal offence in India). One reason is that if tax crimes remain civil in nature, the foreign governments will not cooperate,” Shah said, adding: “If this is made a crime, then there is no difficulty and then they (foreign countries) are bound to reveal the names. That is the main purpose.
BAGRI FOUNDATION v. CHIEF COMMISSIONER OF INCOME TAX & ORS. C.W. No. 1849 of 1998, decided on September 15, 1998. […]
COMMISSIONER OF INCOME TAX v. INTERNATIONAL CLEARING & SHIPPING AGENCY. TC Nos. 2091 to 2094 of 1984, decided on February […]
ANITA RANI v. TAX RECOVERY OFFICER & ORS. Civil Writ Petition No. 2173 of 1997, decided on July 17, 1997. […]
COMMISSIONER OF INCOME TAX v. JAI HIND TRAVELS (P) LTD. IT Ref. Nos. 9 & 10 of 1997, decided on […]