S. 32 : Depreciation-Goodwill-Non-compete payment-Technical knowhow and other assets-Eligible for depreciation. [S. 32 (1)(ii)]
S. 32 : Depreciation-Goodwill-Non-compete payment-Technical knowhow and other assets-Eligible for depreciation. [S. 32 (1)(ii)]
S. 32 : Depreciation-Sale-cum-lease back transaction-Entitle to depreciation. [S. 43(1)]
S. 28(i) : Business loss-Foreign exchange loss-No depreciable assets-Allowable as revenue expenditure-Foreign exchange gain to be assessed as business income.
S. 28(i) : Business loss-Speculation Loss-Loss on purchase of commodities on National Spot Exchange for which delivery receipts issued but not delivered-Allowable as business loss-Unsettled contract of purchase or sale is not speculative transaction. [S. 43(5)]
S. 24 : Income from house property-Deductions-Borrowed money was used for the purpose acquisition and construction of school building-Interest allowable as deduction. [S. 24(b)]
S. 14A : Disallowance of expenditure-Exempt income-Administrative expenditure-Suo motu disallowance made by the assessee was allowed-Followed earlier year order-Book profit-Expenses Incurred To Earn Exempt Income-Not To Be Added For Computing Book Profits. [S. 115JB, R. 8D(2)]
S. 14A : Disallowance of expenditure-Exempt income-Interest free funds-Presumption that the investment was made from own funds-Disallowance of interest is not warranted-Book profit-Only actual expenses incurred is liable to be excluded. [S. 115JB(2), R. 8D (2)(ii), 8(2)(iii)]
S. 14A : Disallowance of expenditure-Exempt income-Interest free funds-Presumption that the investment was made from own funds-Disallowance of interest is not warranted-Book profit-Only actual expenses incurred is liable to be excluded. [S. 115JB(2), R. 8D(2)(ii), 8(2)(iii)]
S. 14A : Disallowance of expenditure-Exempt income-Investment from interest free funds-Shares held as stock in trade-Matter remanded. [S. 36(1)(iii), R. 8D]
S. 12AA : Procedure for registration-Trust or institution-Advancement of any other object of general public utility-Campaign for promotion of trade and commerce-Activities are not in nature of trade, commerce or business-Entitle for registration. [S. 2(15), 11, 12A]