Motilal Pesticides overruled as it missed the difference in the terms ‘Income’ and ‘Gross Total Income’
Supreme Court: The 3-judge bench of Dr. AK Sikri, SA Nazeer and MR Shah, JJ decided an issue relating to interpretation of
Income Tax Act
Assessee failed to show land as agricultural thus no exemption granted, liable to be assessed
Kerala High Court: A 2-Judge Bench comprising of K.Vinod Chandran and Ashok Menon, JJ. dealt with an appeal against the order of
Comments invited on Draft Notification under S. 112A as inserted by Finance Act, 2018
The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and
Method of valuation of accreted income of trust/institution for additional tax u/S. 115TD(2), notified
G.S.R.399(E).– In exercise of the powers conferred by Section 295 read with Section 115TD of the Income Tax Act, 1961 (43 of 1961),
Section 145-A of Income Tax Act is not applicable to a service provider company
Bombay High Court: While disposing of an appeal under Section 260-A of the Income Tax Act, 1961 the Division Bench of M.S. Sanklecha,