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Month: October 2019

Archive for October, 2019


CIT v. Malayil Bankers. (2019) 416 ITR 322/( 2020) 185 DTR 347 / 314 CTR 568(Ker.)(HC)

S. 2(31)(v) : Person-Association of persons-No partnership deed -No unity of control-Assessment as Association of persons is justified. [S. 132]

Sharda Pareek (Smt.) v. ACIT (2019) 416 ITR 441 /104 taxmmann.com 76/262 Taxman 253(Raj) (HC) Editorial : SLP is granted to the assessee Sharda Pareek (Smt.) v. ACIT (2019) 412 ITR 31 (St)// 262 Taxman 252 (SC)

S. 2(28A) : Interest-Accrual basis-Interest on compensation awarded by Motor Accident Claims Tribunal is taxable on year wise accrual basis. [Motor Accident Claims Tribunal]

CIT v. Kalathingal Faizal Rahman. (2019) 416 ITR 311 (Ker.) (HC)

S. 2(14)(iii) : Capital asset-Agricultural land-Burden is on assessee to prove that the land was agricultural-Mere certificate by village Officer after sale of land is not sufficient–Gains assessable as capital gains. [S. 45]