Deduction - Judgment Search Results

Datamatics Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2008)110ITD24(Mum.)

..... the events learned counsel for the assessee submitted that initially the assessee claimed deduction under section 80 0 which was beneficial to the assessee particularly as the judicial ..... turnover of each unit should be considered separately for the purpose of computing deduction under section 80hhc learned counsel further submitted since inception the assessee maintained books of .....

M.M.T.C. Limited Vs. Dy. Commissioner of I. Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

..... has failed to disclose the primary facts regarding the nature of different incomes while claiming deduction under section 80hhc of the act is factually incorrect referring to his earlier arguments ..... the original assessment order the relevant observations are again reproduced below i as mentioned above deduction under section 80hhc cannot exceed the profit as computed under the head profit from .....

O'Brien and Others (FC) (Appellants) Vs. Independent Assessor (Respond ...

Court: House of Lords

..... is this on analysis the true basis of the deduction is the deduction not rather to be explained as the respondent submits ..... other than that relating to psychiatric illness in making percentage deductions to take account of the appellants other convictions and any ..... fairness the propriety and consequently the legality of the greater deductions made in their respective cases they seek an order remitting .....

Van Oord Acz India (P) Ltd. Vs. Acit

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2008)112ITD79(Delhi)

..... section 195 1 the same cannot be avoided unless nil deduction or deduction at a lower rate is authorized by the assessing officer ..... service providers was irrelevant for determining the appellant s obligation to deduct tax at source from the aforesaid amount reimbursed by the ..... and permits allowances in the year in which tax is deducted at source and thus provisions of indo netherlands dtaa cannot .....

Assistant Commissioner of Income Vs. Asian Exim International

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (2008)113TTJ(Asr.)427

..... reason no longer survives that being so reassessment proceedings cannot continue for making disallowance of deduction under section 80 ib in respect of depb receipts and duty drawback he particularly ..... exchange rate fluctuation training fees income etc were also liable to be excluded for computing deduction under section 801 ihc accordingly the ao initiated the proceedings under section 147 on .....

Frontier Offshore Exploration Vs. the Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Chennai

..... gains of business or profession on which tax has not been deducted or after deduction has not been paid before the expiry of the time ..... or to a foreign company on which tax has not been deducted or after deduction has not been paid before the expiry of the time ..... equal to two per cent of the sum required to be deducted is a deduction at source indeed it is neither possible nor permissible for .....

Deputy Commissioner of Income Tax Vs. Glaxo Smithkline Consumer

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2007)107ITD343(Chd.)

..... not bring out the true intent and purpose of section 43b an expense becomes deductible or non deductible in the light of the enabling provisions like sections 32 36 37 etc section ..... the contention of the revenue authorities that the expression otherwise allowable under this act means deduction available only for the year of incurring liability is without any basis the correct interpretation .....

income Tax Officer Vs. Emrald Construction Co. (P) Ltd.

Court: Income Tax Appellate Tribunal ITAT Jodhpur

Reported in: (2008)304ITR338(Jodh.)

..... not agreeing all the payees also assured the assessee company that they would file non deduction certificate after obtaining from their assessing authorities the assessee had debited the accounts of the ..... into consideration various factors the interest is chargeable on the amount of tax to be deducted in case the chargeable tax at source increases or decreases the interest amount varies accordingly .....

Asstt. Cit Vs. Adani Export Ltd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2007)111TTJ(Ahd.)556

..... that earlier to above mentioned decision of hon ble jurisdictional high court no tax was deductible on usance interest in accordance with aforementioned decision of andhra pradesh high court in ..... vijay ship breaking corporation supra holding usance interest as a payment of interest liable to deduction of tax under section 195 came subsequently the commissioner appeals held that though the assessee .....

Assistant Commissioner of Income Vs. Asea Brown Boveri Ltd.

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)11TTJ(Mum.)502

..... income commission income and miscellaneous sundry income of similar nature as already mentioned above deduction of expenses 10 per cent has already been statutorily provided for netting non operational ..... learned departmental representative and submitted that the supreme court in the context of the deductibility of an amount paid for furnishing a restrictive covenant has held that the expenditure .....