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1 - 10 of 19 (0.52 seconds)The Income Tax Act, 1961
Section 234B in The Income Tax Act, 1961 [Entire Act]
Section 43B in The Income Tax Act, 1961 [Entire Act]
Section 37 in The Income Tax Act, 1961 [Entire Act]
Exide Industries Limited And Anr. vs Union Of India (Uoi) And Ors. on 27 June, 2007
The Assessing Officer asked the assessee to show cause
as to why the amount be not disallowed and added back to the
assessee's total income, since the decision in 'Exide Industries'
(supra) had been stayed by the Hon'ble Supreme Court. The
assessee submitted that during the year, it had made provision
for leave encashment amounting to ` 1,75,26,309/- as per the
actuarial valuation, in compliance of AS-15 of the ICAI and had
claimed it as a business expenditure. The Assessing Officer,
however, made the disallowance. The DRP upheld the Assessing
Officer's action.
Section 92CA in The Income Tax Act, 1961 [Entire Act]
Climate System Pvt. Ltd , New Delhi vs Department Of Income Tax on 9 October, 2009
In 'Climate Systems India Ltd.' (supra), again, payment of
royalty @ 3% on the sale price on transfer of technical
knowledge and information was accepted.