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1 - 10 of 58 (0.40 seconds)Section 90 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Article 24 in Constitution of India [Constitution]
Article 23 in Constitution of India [Constitution]
Section 80RRA in The Income Tax Act, 1961 [Entire Act]
Income Tax Rules, 1962
Section 10A in The Income Tax Act, 1961 [Entire Act]
Article 25 in Constitution of India [Constitution]
Commissioner Of Income-Tax vs C.S. Murthy on 28 March, 1987
However, we
notice that the decision of this Court in S. Inder Singh Gill (supra) was rendered
under the Indian Income Tax Act, 1922 and not under the Act. We further note
that just as Section 40(a)(ii) of the Act does not allow deduction on tax paid on
profit and/or gain of business. The Indian Income Tax Act, 1922 Act also
contains a similar provision in Section 10(4) thereof. However, the Indian
Income Tax Act, 1922 contains no definition of "tax" as provided in Section
ITA No: 869/Mum/2018
Assessment year: 2012-13
Page 43 of 49
2(43) of the Act. Consequently, the tax paid on income/profits and gains of
business/profession anywhere in the world would not be allowed as deduction for
determining the profits/gains of the business under Section 10(4) of the Indian
Income Tax Act, 1922.