Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can be regarded as bogus
Re: Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax
No denial of depreciation on trademark just because agreement on acquisition was entered into on post-dated stamp papers
Interesting Judgment : Capital Receipt is not Taxable and so Sum received as damages from tenant for unauthorized occupation of property is not liable to taxation.
Additions to income of assessee in respect of cash found during search at residential premises of his father-in – law who has accepted that cash is unjustified
Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return
Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public
Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)
Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)
Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC
