Search Results for "revenue tribunal"

3363 result(s) found

Scroll Down To Discover

Found 3363 result(s)

© Image Copyrights Juris Services & Technology

Supreme Court Allows Revenue Appeal in Income Tax Matter, Holding Bonus Shares Converted into Stock-in-Trade are Taxable as Business Profits. Bonus Shares Initially Received as Capital Held Converted by Assessee Dealer into Stock-in-Trade, Making Sale Proceeds Taxable Under Income-tax Act, 1922.

The dispute concerned the tax treatment of sale proceeds of bonus shares received by a dealer in shares and securities. The assessee, a firm dealing i...

© Image Copyrights Juris Services & Technology

High Court Answers Substantial Question of Law in Customs Appeal on Validity of CHALR Disciplinary Proceedings Despite Non-Joinder in Show Cause Notice. Non-Joinder of Customs House Agent as Co-Noticee Under Customs Act Does Not Vitiate Independent Disciplinary Action Under CHALR 1984.

The appeal arose from a decision of the Customs, Excise & Service Tax Appellate Tribunal that set aside the cancellation of a Customs House Agent lice...

© Image Copyrights Juris Services & Technology

High Court of Bombay at Aurangabad Dismisses Writ Petition Challenging Revenue Tribunal Order in Math Property Dispute. Petitioner Fails to Establish Tenancy Rights Over Agricultural Land Attached to Religious Institution; Burden of Proof Not Discharged.

The petitioner, Venkat Sonnappa Sagar, filed a writ petition before the High Court of Bombay at Aurangabad challenging the orders of the Sub-Divisiona...

© Image Copyrights Juris Services & Technology

High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Interest on Government Grants Held as Additional Grant, Not Taxable Income. Interest earned on grants kept in fixed deposits pending utilization is not income from other sources but part of the grant itself.

The Revenue (Commissioner of Income Tax and Assistant Commissioner of Income Tax) appealed against the order of the Income Tax Appellate Tribunal (ITA...

© Image Copyrights Juris Services & Technology

Supreme Court Upholds Revenue's Assessment Under Section 44D of Income-tax Act Despite Income Not Being Taxable at Time of Asset Transfer. Partners of Firm That Transferred Assets to Non-Resident Corporation Assessable on Corporation's Income as They Acquired Right to Enjoy Income by Means of Transfer.

The case arose from a dispute under the Indian Income-tax Act, 1922 concerning the assessment of partners of a firm that had transferred assets to a n...