S. 4 : Charge of income-tax-Capital or revenue-NBFC- Waiver of principal component of deposits and debentures-Capital receipts not liable to tax. [S. 28(i)]
S. 4 : Charge of income-tax-Capital or revenue-NBFC- Waiver of principal component of deposits and debentures-Capital receipts not liable to tax. [S. 28(i)]
S. 4 : Charge of income-tax-Interest accrued-Grants received from State Government-Not liable to be taxed. [S.144, 147, 148]
S. 4 : Charge of income-tax-Compensation-Acquisition of non- Agricultural land-Corporation of Kochi-Compensation received is held to be not taxable. [Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, S. 96, Land Acquisition Act, 1894]
S. 2(22)(e) : Dividend-Deemed dividend-Loan by subsidiary company to holding company-Business purposes-Loan cannot be treated as deemed dividend-No question of law. [S. 260A]
Right to Information Act, 2005
2.(j): Right to information – Tax Informer — Tax evasion petition- Not entitled to information regarding progress of investigation following his report.[ Black Money ( Criminal Procedure Code , S. 482, Undisclosed Foreign Income and Assets) and Imposition of Tax Rules Act , 2015 , S. 51, 55 ]
Wealth-Tax Act , 1956
S.27A: Appeal -High Court – Monetary Limit — Applicable to wealth tax Appeals . [ S. 2(e ), IT Act , S.260A ]
Wealth-Tax Act , 1956
S. 2(e ) (a) : Asset — Urban land — Urban land on which construction has been prohibited — Not an asset for purposes of wealth -Tax .[ S.16(3) ]
S. 43D : Public financial institutions -Accrual of income — Non-Banking financial company —Interest on non-performing assets — Cannot be assessed on accrual basis . [ S. 36(1) (vii), 36(1)(viia) ]
S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record – For computing the period of limitation the date of service of the order to be considered and not the date of the order [ S.254(3)]
S. 237 : Refund -Excess deposit of advance tax – Mistake in the preparation of challan – Refund can be claimed only after due course of law . [ Art . 226 ]