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

If business of the assessee has nothing to do with the renting of property and renting is an isolated transaction to earn property income, mere fact that such income will result in reduction of business loss is not enough to hold that it will fall under the head of business income.

Excerpt:  Whether the income falls under the head of business income or income from property has to be decided from case to case depending on the question whether transaction involved business activity or merely deriving rental income. One of the determining factors may be whether the transaction is normal part of business of the assessee. … Continue reading If business of the assessee has nothing to do with the renting of property and renting is an isolated transaction to earn property income, mere fact that such income will result in reduction of business loss is not enough to hold that it will fall under the head of business income.

M/S.Sundaram Finance Limited vs The Assistant Commissioner Of Income Tax

Excerpt: Madras High Court M/S.Sundaram Finance Limited vs The Assistant Commissioner Of ... IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on : 11.04.2018 Delivered on: 23.04.2018 CORAM THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MR.JUSTICE N.SESHASAYEE T.C. (Appeal).Nos.876 and 877 of 2008 M/s.Sundaram Finance Limited (Formerly M/s.Sundaram Finance Services Ltd.,) 21, Patullous Road … Continue reading M/S.Sundaram Finance Limited vs The Assistant Commissioner Of Income Tax

C I T Ajmer vs M/S Rajasthan Vanaspati Products

Rajasthan High Court - Jodhpur C I T Ajmer vs M/S Rajasthan Vanaspati Products ... on 23 July, 2013 1 IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR :JUDGMENT: D.B. INCOME TAX APPEAL NO.46/2005 Commissioner of Income Tax, Ajmer Vs. Rajasthan Vanaspati Products Pvt. Ltd., Bhilwara Date of Judgment :: 23rd July, 2013 … Continue reading C I T Ajmer vs M/S Rajasthan Vanaspati Products

M. Janardhana Rao vs Joint Commissioner Of Income Tax

Excerpt: An appeal under Section 260A can be only in respect of a `substantial question of law'. The expression `substantial question of law' has not been defined anywhere in the statute. But it has acquired a definite connotation through various judicial pronouncements. In Sir Chunilal V. Mehta & Sons Ltd. v. Century Spinning & Mfg. Co. Ltd., … Continue reading M. Janardhana Rao vs Joint Commissioner Of Income Tax