Income Tax

Assess and Assessment

3 min read

Judicial Dictionary

Assess and Assessment

In the The Bombay Life Assurance Society Ltd. Vs. The Council, Corporation of Madras, , a Division Bench of this Court, had occasion to consider the words “assess” and “assessment” under the Madras City Municipal Act IV of 1919....

Income- tax Act 1922 [ Indian]

4 min read

Income Tax Law

Income- tax Act 1922 [ Indian]

The Act now repealed Section 5 of the Act, on the true construction of which depends the decision of the appeal is in these terms: “This Act shall apply to every business of which any part of the profits...

The Finance Act, 2017 [India]

175 min read

Income Tax

The Finance Act, 2017 [India]

No. 7 of 2017 [Dated 31st March, 2017] Ministry of Law and Justice (Legislative Department) An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018. Be it enacted by Parliament in...

What is the meaning of ‘agreement for transfer’

33 min read

Income Tax

What is the meaning of ‘agreement for transfer’

“agreement for transfer” means an agreement, whether registered under the Registration Act, 1908 (16 of 1908) or not, for the transfer of any immovable property ; “immovable property” means – any land or any building or part of a...

Interest payable on offshore Rupee Bonds by Indian entities to be exempted from Income Tax

1 min read

Income Tax Law

Interest payable on offshore Rupee Bonds by Indian entities to be exempted from Income Tax

September 17, 2018 : The Ministry of finance Monday exempted from income tax the interest payable on rupee-denominated bonds issued outside India by a company or a trust to a non-resident or a foreign company, a move aimed at...

Income Tax Officer, Mumbai Vs. Venkatesh Premises Cooperative Society Ltd.[ALL SC 2018 MARCH]

18 min read

CIVIL

Income Tax Officer, Mumbai Vs. Venkatesh Premises Cooperative Society Ltd.[ALL SC 2018 MARCH]

KEYWORDS:- Doctrine of mutuality- nonoccupancy charges- DATE:- March 12, 2018 The doctrine of mutuality, based on common law principles, is premised on the theory that a person cannot make a profit from himself. An amount received from oneself, therefore, cannot...

Income Tax Authorities

1 min read

Income Tax Authorities

INCOME TAX ACT 1961 Section – 116 : Income-tax authorities Section – 117 : Appointment of income-tax authorities Section – 118 : Control of income-tax authorities Section – 119 : Instructions to subordinate authorities Section – 120 : Jurisdiction...

46 min read

Sedco Forex International Inc. through it’s Constituted Attorney Mr. Navin Sarda Vs. Commissioner of Income Tax, Meerut & ANR[SC 2017]

Keywords:-Non-resident assessees-Mobilization fee Section 44BB has to be read in conjunction with Sections 5 and 9 of the Act and Sections 5 and 9 of the Act cannot be read in isolation. The aforesaid amount paid to the assessees...

Assess and Assessment

Income- tax Act 1922 [ Indian]

The Finance Act, 2017 [India]

What is the meaning of ‘agreement for transfer’

Interest payable on offshore Rupee Bonds by Indian entities to be exempted from Income Tax

Income Tax Officer, Mumbai Vs. Venkatesh Premises Cooperative Society Ltd.[ALL SC 2018 MARCH]

Income Tax Authorities

Sedco Forex International Inc. through it’s Constituted Attorney Mr. Navin Sarda Vs. Commissioner of Income Tax, Meerut & ANR[SC 2017]

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