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1 - 10 of 25 (0.34 seconds)Section 14A in The Income Tax Act, 1961 [Entire Act]
Section 115JB in The Income Tax Act, 1961 [Entire Act]
The Finance Act, 2018
The Income Tax Act, 1961
Section 153A in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, Madras vs K. Srinivasan And K. Gopalan on 22 December, 1952
Since the decision of the Hon'ble
Supreme Court prevails over that of the Hon'ble High
Courts, therefore, respectfully following the decision of
the Hon 'ble Supreme Court in the case of "CIT Vs. K
Srinivasan" (supra), this issue is decided against the
assessee. The additional ground of assessee's appeal is
accordingly dismissed."
Section 69 in The Income Tax Act, 1961 [Entire Act]
Pr. Commissioner Of Income Tax Ajmer vs M/S Nitin Spinners Ltd. on 31 August, 2021
32. The Ground No. 2 of the Revenue is regarding deletion of addition
received as incentive under FPS/FMS as capital receipt. The said issue has
been dealt and decided against the Revenue for the Assessment Year 2014-
15, wherein the Judgment of Hon'ble High Court of Rajasthan and also the
Judgment of Hon'ble Supreme Court in the case of Principal Commissioner
of Income Tax, Ajmer Vs. Nitin Spinners Ltd. has been relied and held that
the above subsidy has to be treated as capital in nature and is excludable
from book profit u/s 115JB of the Act. By finding the parity, we find no
merit in Ground No. 2 of the Revenue, accordingly, Ground No. 2 of the
Revenue is dismissed.