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3 results for “capital gains”+ Section 80G(5)(iii)clear

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Section 10(20)11 Section 1424 Section 103 Section 194A3 Section 115J2 Section 142(1)2 Exemption2

COMMISSIONER OF INCOME TAX CHENNAI vs. TULSYAN NEC LTD

C.A. No.-010677-010679 - 2010Supreme Court16 Dec 2010

III of Schedule VI to the Companies Act, 1956, subject to the adjustments specified in the Explanation to Section 115JA. The higher of the two computations is deemed to be the “total income” chargeable to tax and tax is payable accordingly. Thus, Section 115JA enacts a deeming fiction by deeming 30% of book profits to be the “total income” chargeable

THE INCOME TAX OFFICER, vs. URBAN IMPROVEMENT TRUST

The appeals are allowed

C.A. No.-010577-010577 - 2018Supreme Court12 Oct 2018

Bench: HON'BLE MR. JUSTICE A.K. SIKRI

Section 10(20)Section 142(1)

Capital gains" or "Income from other sources" or from a trade or busi- ness carried on by it which accrues or arises from the supply of a commodity or service (not being water or electricity) within its own ju- risdictional area or from the supply of water or electricity within or outside its own ju- risdictional area. Explanation

COMMISSIONER OF INCOME TAX CHENNAI vs. TULSYAN NEC LTD

THE INCOME TAX OFFICER, vs. URBAN IMPROVEMENT TRUST

COMMISSIONER OF INCOME TAX CHENNAI vs. TULSYAN NEC LTD

THE INCOME TAX OFFICER, vs. URBAN IMPROVEMENT TRUST

NEW OKHLA INDUSTRIAL DEVELOPMENT AUTHORITY vs. CHIEF COMMISSIONER OF INCOME TAX