Search Results Page
Search Results
1 - 10 of 10 (0.93 seconds)Article 8 in Constitution of India [Constitution]
Section 44BB in The Income Tax Act, 1961 [Entire Act]
Section 248 in The Income Tax Act, 1961 [Entire Act]
Section 201 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 Hon'ble apex court in the case of Transmission Corporation of A.P. Ltd. and Anr. v. CIT 239 ITR 587 has held that the scheme of Sub-sections (1), (2) and (3) of Section 195 and Section 197 leaves no doubt that the expression 'any other sum chargeable under the provisions of this Act' would mean 'sum' on which income-tax is leviable. In other words, the said sum is chargeable to tax and could be assessed to tax under the Act. The consideration would be whether payment of the sum to the non resident is chargeable to tax under the provisions of the Act or not.
Section 197 in The Income Tax Act, 1961 [Entire Act]
Section 200 in The Income Tax Act, 1961 [Entire Act]
West Asia Maritime Ltd. vs The Income-Tax Officer, International ... on 19 May, 2006
Ship is equipment qua the business. Equipment denotes things that are needed for a particular purpose or activity. In the present case we find that the assessee is in the shipping business and as such in the context of the business of the assessee ship can be construed to be an equipment of the business. We, therefore following the ratio laid down in the case of West Asia Maritime Ltd., cited supra, hold that ship is an equipment.
Article 7 in Constitution of India [Constitution]
1