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1 - 10 of 30 (0.55 seconds)Section 80HH in The Income Tax Act, 1961 [Entire Act]
Section 80I in The Income Tax Act, 1961 [Entire Act]
Transmission Corporation Of A.P. Ltd. ... vs Commissioner Of Income Tax, A.P on 17 August, 1999
The decision in Transmission Corpn. of A.P. Ltd. and Anr. v. CIT (1999) 239 ITR 587 (SC), also relied upon by the learned Departmental Representative totally on a different issue, it was contended.
T. N. K. Govindarajulu Chetty vs Commissioner Of Income-Tax, Madras on 17 April, 1967
The same principle would apply if interest is payable under the terms of an agreement and the Court or the arbitrator gives effect to the terms of the agreement and awards interest: T.N.K. Govindaraju Chetty v. CIT (1867) 66 ITR 465 (SC). But where the interest is merely in name but constitutes part of the
compensation or part of the damages, it is not "interest" chargeable to income-tax.
Commissioner Of Income-Tax, Gujrat I vs Saurashtra Cement And Chemical ... on 17 August, 1972
The case of Saurashtra Cement (supra) was distinguished on the ground that in that case the issue was whether there
was any business connection or not. Moreover, in case of Saurashtra Cement, delivery was given outside India, whereas in the present case, delivery of vessel was given in India, The case of Orient Trading was distinguished on the ground that in that case, the issue was distinguished on the ground that in that case, the issue was whether amount paid as interest on hundi and late payment of purchase price on the same, should be regarded as interest paid on borrowed capital. AO observed that definition of the term "interest" in the Act is an inclusive one, and hence has a wide scope. In the instant case, he observed, there is no limitation that interest should arise only from borrowed capital.
Bombay Steam Navigation Co. (1953) ... vs Commissioner Of Income-Tax, Bombay on 21 October, 1964
An agreement to pay the balance of consideration due by the purchaser does not in truth given rise to a loan : Bombay Steam Navigation Co. (1953) (P) Ltd. v. CIT (1965) 56 ITR 52, 57 (SC).
Mayank Electro Ltd. vs Ito on 14 December, 2000
12. Referring to the decision of the Ahmedabad Bench of the Tribunal in the case of Mayank Electro Ltd. v. ITO (2001) 71 TTJ (And) 612, Mr. Sarda contended that interest partakes the character of the payment on which it is awarded.
Commissioner Of Income Tax, Orissa vs Govinda Choudhury & Sons, ... on 22 April, 1992
Reliance was placed on the decision of the Supreme Court in the case of CIT v. Govinda Choudhary & Sons (1993) 203 ITR 881 (SC) and of the Kerala High Court in the case of United Construction Contractors v. CIT (1994) 208 ITR 914 (Ker).
United Construction Contractors vs Commissioner Of Income-Tax on 7 March, 1994
Reliance was placed on the decision of the Supreme Court in the case of CIT v. Govinda Choudhary & Sons (1993) 203 ITR 881 (SC) and of the Kerala High Court in the case of United Construction Contractors v. CIT (1994) 208 ITR 914 (Ker).