S. 37(1) : Business expenditure-Debenture at premium-Liability to be spread over period covered by debentures. [S. 145]
CIT v. Apollo Tyres Ltd. (No. 1) (2022) 447 ITR 377 (Ker.)(HC)S. 37(1) : Business expenditure-Debenture at premium-Liability to be spread over period covered by debentures. [S. 145]
CIT v. Apollo Tyres Ltd. (No. 1) (2022) 447 ITR 377 (Ker.)(HC)S. 37(1) : Business expenditure-Prior period expenses-Allowable as deduction. [S. 145]
PCIT v. Ajmer Vidyut Vitran Nigam Ltd. (2022) 447 ITR 186 (Raj.)(HC)S. 35 : Scientific research expenditure-Expenditure towards clinical trials for availing of facility of its subsidiary abroad and at facility not approved by prescribed authority-Weighted deduction not allowable. [S. 35(2AB)]
PCIT v. Apollo Tyres Ltd. (No. 2) (2022) 447 ITR 403 (Ker.)(HC) PCIT v. Apollo Tyres Ltd. (No. 3) (2022) 447 ITR 431 (Ker.)(HC) Editorial: SLP of assessee dismissed, Apollo Tyres Ltd. v. PCIT (2022) 447 ITR 8 (St)(SC)S. 35 : Scientific research expenditure-Weighted deduction-Expenditure incurred on in-house research and development facility-Entitled to weighted deduction. [S. 35(2AB)]
PCIT v. Apollo Tyres Ltd. (No. 1) (2022)447 ITR 397 (Ker.)(HC)S. 32 : Depreciation-Additional depreciation-Entitled to balance of additional depreciation not availed of in earlier year in subsequent assessment year. [S. 32(1)(iia)]
CIT v. Apollo Tyres Ltd. (No. 3) (2022) 447 ITR 393 (Ker.)(HC)S. 32 : Depreciation-Assets not available for physical verification-Cannot be the ground for disallowance of depreciation.
PCIT v. Ajmer Vidyut Vitran Nigam Ltd. (2022) 447 ITR 186 (Raj.)(HC)S. 32 : Depreciation-Lease of property-Terms of lease showing assessee owner of plant and machinery-Lease rentals taxed as revenue receipts-Entitle to depreciation.
CIT v. SBI Home Financer Ltd. (2022) 447 ITR 659 /(2023) 290 Taxman 108(SC) Editorial : Order in SBI Home Financer Ltd v. CIT (2006) 286 ITR 6 (Cal)(HC) affirmed.S. 28(i) : Business loss-Guarantor-Allowable as business loss. [S. 37 (1)]
CIT v. Apollo Tyres Ltd. (No. 3) (2022) 447 ITR 393 (Ker.)(HC)S. 14A : Disallowance of expenditure-Exempt income-Without giving finding how much administrative expenditure incurred to earn exempt income-Disallowance not Justified. [R.8D]
CIT v. UTI Bank Ltd. (2022)447 ITR 662 / 219 DTR 528 / 329 CTR 597 / 289 Taxman 238 (SC) Editorial : Decision in CIT v. UTI Bank Ltd (2014) 2 ITR-OL 366 (Guj)(HC), affirmed.S. 12AA : Procedure for registration-Trust or institution-Registration cannot be denied for failure to start charitable activities. [S. 12A,12AA(3)]
DIT(E) v. Meenakshi Amma Endowment Trust (2022)447 ITR 663 / 219 DTR 505 / 329 CTR 594 / 289 Taxman 405(SC) Editorial : Decision in DIT (E) v. Meenakshi Amma Endowment Trust (2013) 354 ITR 219 (Karn.)(HC), affirmed.