Cit vs A.K. Ghosh

  Madhya Pradesh High Court Cit vs A.K. Ghosh on 5 May, 2003 Equivalent citations: 2003 131 TAXMAN 124 MP Author: D Misra ORDER Dipak Misra, J. In this batch of appeals preferred under section 260A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') the revenue has called in question the legal propriety … Continue reading Cit vs A.K. Ghosh

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 … Continue reading Cit vs Ram Rattan Lal Verma

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 & … Continue reading Karamchari Union, Agra vs Union Of India & Ors

The company may also, as in this case, keep the surplus fund in short-term deposits in order to earn interest. Such interests will be chargeable under s. 56 of the Act.

Excerpt:The company may also, as in this case, keep the surplus fund in short-term deposits in order to earn interest. Such interests will be chargeable under s. 56 of the Act. Supreme Court of India Tuticorin Alkali Chemicals & ... vs Commissioner Of Income Tax. on 8 March, 1997 Equivalent citations: (1997) 141 CTR SC 387 Author: … Continue reading The company may also, as in this case, keep the surplus fund in short-term deposits in order to earn interest. Such interests will be chargeable under s. 56 of the Act.