Commissioner Of Income Tax vs R.P. Goenka & J.P. Goenka

Excerpt:Clause (vi) of section 24(1) provides that any interest payable on such borrowed capital which has been invested for acquiring the house or construction of a house or for repairing of the house or reconstruction of the house, the interest payable on that borrowed capital is deductible from the income of the house property. Calcutta High Court …

Income Tax Appellate Tribunal – Ahmedabad Gujarat Urja Vikas Nigam Ltd.,, … vs Assessee

Excerpt: Income Tax Appellate Tribunal - Ahmedabad Gujarat Urja Vikas Nigam Ltd.,, ... vs Assessee IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD BENCH "C" AHMEDABAD Before Shri, A.K.Garodia, Accountant Member and Shri Kul Bharat, Judicial Member IT A No.02/ Ahd/2010 Assessment Year:2005-06 Gujarat Urja Vikas Nigam V/s. Income Tax Officer Ltd., (erstwhile Gujarat (TDS), Anand …

Cit vs Ram Rattan Lal Verma

Excerpt:  payments received by an employee in respect of any period of leave not availed of by him will be exempt from income-tax only in cases where such payments are received on retirement and subject to the fulfilment of the other conditions laid down in section 10(10AA) of the Income-tax Act Allahabad High Court Cit vs Ram …

Commissioner Of Income Tax, Assam … vs Shri G. Hyatt

Excerpt: The receipt of interest of any investment is a gain made by the investor and therefore the same is 'income'. In view of s. 17 ( 1) (iv), all receipts of profits in lieu of salary have to be considered as salary. In defining the expression 'profits in lieu of salary', the legislature excluded …

Commissioner Of Income-Tax, … vs D.R. Phatak

  Bombay High Court Commissioner Of Income-Tax, ... vs D.R. Phatak on 6 August, 1974 Equivalent citations: 1975 99 ITR 14 Bom Author: Kantawala Bench: R Kantawala, V Tulzapurkar JUDGMENT Kantawala, C.J. 1. This reference relates to a claim for exemption or deduction of the amount received by a Government servant for compensatory (city) allowance. …

Karamchari Union, Agra vs Union Of India & Ors

Supreme Court of India Karamchari Union, Agra vs Union Of India & Ors on 29 February, 2000 Author: Shah Bench: M.B.Shah, D.P.Wadhwa PETITIONER: KARAMCHARI UNION, AGRA Vs. RESPONDENT: UNION OF INDIA & ORS. DATE OF JUDGMENT: 29/02/2000 BENCH: M.B.Shah, D.P.Wadhwa JUDGMENT: Shah, J. Leave granted in special leave petitions. Civil Appeal No.1843 of 1989 & …

Commissioner Of Income-Tax, … vs R. B. Jodha Mal Kuthiala

Excerpt: Supreme Court of India Commissioner Of Income-Tax, ... vs R. B. Jodha Mal Kuthiala on 19 November, 1965 Equivalent citations: 1966 AIR 1433, 1966 SCR (2) 645 Author: S C. Bench: Shah, J.C. PETITIONER: COMMISSIONER OF INCOME-TAX, PUNJAB, PATIALA Vs. RESPONDENT: R. B. JODHA MAL KUTHIALA DATE OF JUDGMENT: 19/11/1965 BENCH: SHAH, J.C. BENCH: …

Jamshedpur Engineering And … vs Commr. Of Income-Tax

Excerpt: the expenditure of Rs. 6005/- and Rs. 5,542/- incurred by the assessee for the repairs and maintenance of residential quarters in the assessment year 1949-50 and 1950-51 should be allowed as business expendiure to the assessce under Section 10 (2) (xv) of the Indian Income Tax Act. Patna High Court Jamshedpur Engineering And ... vs Commr. Of …

the assessee, as owner of the building, was only exploiting the property as owner by leasing out the same and realising income by way of rent. Such rental income is liable to be assessed under the head ‘income from house property’.

Excerpt: Madras High Court Commissioner Of Income Tax vs Chennai Properties And ... on 28 March, 2003 Equivalent citations: (2004) 186 CTR Mad 409, 2004 266 ITR 685 Mad Author: R J Babu Bench: R J Babu, K R Pandian JUDGMENT R. Jaysimha Babu, J. 1. At the instance of the Revenue, the following questions …

S. Kartar Singh vs Commissioner Of Income-Tax

Excerpt:  Section 16(1)(c), which was introduced to overtake the expedient taken recourse to by the assessed in diverting their income, applies only where transfer of income is by an overriding title so as to make the income the income of the transferee; (2) Since the owner of the property continues to be taxable by reason …