Showing : 41-50 of 218 Results

PUNJAB AND HARAYANA HIGH COURT
Year of decision: 2017
Details
Public Gambling Act, 1867, Section 18-- Gambling - Fantasy games - Cannot be said to fall within the gambling activities as same involves substantial skills which is nothing but a business activity with due registration and paying service tax and income tax, thus, they are protected u/art.19(1)(g) of the Constitution...........
HYDERABAD HIGH COURT
Year of decision: 2017
Details
Civil Procedure Code, 1908, Order 13, Rule 10, Evidence Act, 1872, Section 74-- Income tax returns - Income tax returns are public documents within the meaning of S.74 of Evidence Act - There is no embargo for the Court to summon the Income Tax returns of a person...........
HYDERABAD HIGH COURT
Year of decision: 2017
Details
Civil Procedure Code, 1908, Order 13, Rule 10, Evidence Act, 1872, Section 73, 74-- Comparison of disputed with admitted signatures - Summoning of Income Tax Returns - Plea that disputed document does not contain the date, month and year of execution - Income Tax Returns sought to be summoned pertains to the period 2000-2001 - Disputed document also executed on or after 2000 -..........
PUNJAB AND HARAYANA HIGH COURT
Year of decision: 2017
Details
Negotiable Instruments Act, 1881, Section 138-- Dishonour of cheque - Appeal against acquittal - As per complainant, he advanced friendly loan of Rs.11,30,000/- to accused - However, there is no evidence that complainant has capacity to advance Rs.11,30,000/- or that amount is shown in Income Tax Return - Even, accused stated that complainant..........
DELHI HIGH COURT
Year of decision: 2017
Details
Evidence Act, 1872, Section 138, Negotiable Instruments Act, 1881, Section 138-- Dishonour of cheque - Cross examination - Deferred - Defence of repayment of loan - Complainant directed to produce Income Tax Returns - Further cross examination has to be based on its relevancy part only - Accused does not have liberty to further cross examine complainant to frustrate the entire..........
SUPREME COURT OF INDIA
Year of decision: 2017
Details
Income Tax Act, 1961, Section 2(22)(e)-- Deemed dividend - Once payment is received by HUF and shareholder who is member of said HUF and he has substantial interest in HUF, payment made to HUF shall constitute deemed dividend within the meaning of S.2(22)(e) of the Act...........
SUPREME COURT OF INDIA
Year of decision: 2017
Details
Income Tax Act, 1961, Section 2(22)(e)-- Explanation 3(a) - Deemed dividend - Expression `concern' - Means HUF or firm or association of persons or body of individuals or company - Therefore, as per Explanation 3(a) of the Act, person shall be deemed to have substantial interest in HUF if he is, at anytime during previous year,..........
SUPREME COURT OF INDIA
Year of decision: 2017
Details
Income Tax Act, 1961, Section 2(22)(e)-- Deemed dividend - Payment made to assessee/HUF - In the instant case, shares are held by Karta of HUF and being member of HUF he has substantial interest in assessee/HUF - Even, he is entitled to not less than 20% of income of HUF - Therefore, provision of S.2(22)(e) of the Act gets attracted and..........
SUPREME COURT OF INDIA
Year of decision: 2016
Details
Income Tax Act, 1961, Section 10A-- Introduction of word `deduction' in S.10-A of the Act by amendment - Computation - Stage of deduction will be taken while computing gross total income of eligible undertaking under Chapter IV of the Act and not at stage of computation of total income under Chapter VI of the Act...........
SUPREME COURT OF INDIA
Year of decision: 2016
Details
Income Tax Act, 1961, Section 10(19A), 60A-- Part-B States (Taxation Concessions) Order, 1950, Para 15 - Exemption from payment of tax - Residential palace of Ruler - If Legislature intended to spilt palace in parts alike houses for taxing the subject, it would have said so by employing appropriate language in S.10(19A) of the Act - Even,..........

Showing : 41-50 of 218 Results