CIT vs. Suresh N. Gupta (Supreme Court)

Related Judgements

1. Infosys Technologies (Supreme Court) 

   (i) A stock option which is subject to a ‘lock-in’ is not a chargeable perquisite u/s 17(2) on the date of grant, vesting or exercise. The benfit is purely notional. (ii) s. 17(2)(iiia) inserted w.e.f 1.4.2000 is not clarificatory; (iii) … Infosys Technologies (Supreme Court) Read More »

2. Saurabh Srivastava vs. DCIT (ITAT Delhi Special Bench) 

   Consideration received by an assessee for agreeing not to compete constitutes a capital receipt even though (i) the period of restraint is only 18 months and (ii) the assessee continued service with the payer-company as Managing Director.

3. Glenmark Laboratory vs. DCIT (ITAT Mumbai) 

   For purposes of s. 80HHC, the direct cost attributable to the earning of the DEPB license (equal to the value of the license on the date of receipt) has to be reduced from the direct cost of trading goods on … Glenmark Laboratory vs. DCIT (ITAT Mumbai) Read…

4. Mayawati vs. DCIT (ITAT Delhi) 

   s. 68 does not apply to an assessee who does not maintain books of account. Balance sheet/statement of affairs and bank pass book do not constitute ‘books of account’. In considering the genuineness of the “gifts”, it must be borne … Mayawati vs. DCIT (ITAT Delhi) Read More…