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1 - 6 of 6 (0.17 seconds)Section 37 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, ... vs Dascroi Taluka Co-Operative Purchase ... on 15 September, 1980
5.5 Reliance is also placed in the case of CIT vs. Dascroi Taluka Coop Purchase & Sales
Union Ltd, 126 ITR 413 of Hon'ble Gujarat High Court judgment, where it was held that
the amount spent by the assessee-society on purchase of stainless steel utensils and
other for the purpose of tour expenses of members was considered to be business
expenditure within the meaning of Section 37 of the Act.
Commissioner Of Income Tax Rajkot Ii vs Rajkot Dist. Co-Op Bank Ltd C/O. A D Vyas ... on 10 February, 2014
The Hon'ble High Court of Gujarat vide (2014) 43
taxmann.com 161 (Gujarat) in the case of CIT, Rajkot-II vs. Rajkot Dist. Co-op.
Bank Ltd. held that instructions clearly provide for amortization of premium paid
on securities when the same are acquired at the rate higher than the face value.
Such amortization would have to be for the remaining period of maturity.
Section 250 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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