Category: High Court

Archive for the ‘High Court’ Category


COURT:
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SECTION(S):
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CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: January 31, 2008 (Date of publication)
AY:
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CITATION:

(i) In considering whether the interest paid by an assessee on loans raised for acquisition of new asset, before the same was first put to use, is to be added towards the cost of the asset or the same is …

CIT vs. Vardhaman Polytex (P & H High Court) (Full Bench) Read More »

COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: January 31, 2008 (Date of publication)
AY:
FILE: Click here to view full post with file download link
CITATION:

The Sick Inndustrial Companies Act is a complete code and during the pendency of a reference, an industrial company cannot apply to the High Court for sanctioning a scheme under ss. 391 to 394 of the Companies Act. The principles …

In Re Ashok Organic Industries (Bombay High Court) Read More »

COURT:
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DATE: (Date of pronouncement)
DATE: January 21, 2008 (Date of publication)
AY:
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CITATION:

Receipt for agreeing to refrain from carrying on a competing business under a restrictive covenant is a capital receipt and is not chargeable to tax either as a revenue receipt or as a capital gain as ss. 28(va) and 55(2)(a) …

CIT vs. Narendra Desai (Bombay High Court) Read More »