Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

The Commissioner of Income Tax-9 Versus India Advantage Securities Ltd.

2015 (6) TMI 140 - BOMBAY HIGH COURT

Applicability of Rule 8D(ii) - Held that:- The figures under the head "Investment" could be taken and some charges apportioned for the purpose of computing the expenses. The Commissioner found from such figures, that only 10% of the income earned cou .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

OURT] - Decided in favour of assesse. - Income Tax Appeal No. 1131 of 2013 - Dated:- 13-4-2015 - S. C. Dharmadhikari And A. K. Menon, JJ. For the Appellants : Mr Suresh Kumar With Ms Padma Divakar For the Respondent : Mr Satish Mody with Ms Aasifa Kh .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

lied or not? 2. Despite granting an adjournment of nearly four weeks, Mr. Suresh Kumar is not able to obtain instructions. He states that there is a restructuring of the Department and that is why he is unable to obtain any instruction. 3. We do not .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

find that the Tribunal has confirmed the order of the Commissioner of Income Tax (Appeals). At page 19 of the paperbook (para 4 of the Commissioner's order), the Commissioner took into account the words of the Rule and found that the figures as d .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ges apportioned for the purpose of computing the expenses. The Commissioner found from such figures, that only 10% of the income earned could be apportioned towards expenses for earning the dividend income. He, therefore, made a revised disallowance. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version