Cit v vatika township
WebOct 14, 2014 · Subsequently the larger bench of the Honble Supreme Court has considered the very same issue in the case of CIT Vs. Vatika Township (P) Ltd (2014) (49 … WebMay 15, 2024 · In the case of CIT vs. Hindustan Organics Chemicals Ltd [2014] 366 ITR 1 (Bom.) (Para 9) held that where assessee company made payment of employees contribution towards provident fund, assessee’s claim could not be disallowed on account of delayed payment in view of amendment to section 43B. In CIT v.
Cit v vatika township
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WebThe tax department relied on the decision of Vatika Township5and contended that the insertion of Explanation 5 and 6, though by the virtue of the Finance Act, 2012, is only a declaratory and clarificatory amendment explaining the law as existing from 1 June 1976. WebThe tax department relied on the decision of Vatika Township5 and contended that the insertion of Explanation 5 and 6, though by the virtue of the Finance Act, 2012, is only a …
WebSep 26, 2014 · 1 CIT v. Vatika Township Private Limited [TS-573-SC-2014] the circular 2of the Central Board of Direct Taxes (CBDT), the Commissioner of Income Tax (CIT) was … WebThe CIT (A) further held that Section 2 (22) (e) of the Act creates a fiction by bringing to tax an amount as dividend when the amount so received is otherwise then dividend. Therefore, Section 2 (22) (e) of the Act has to be strictly read. 8.
Web• CIT vs. T.V. Sundaram Iyyengar (1975) 101 ITR 764 (SC) “The hypothetical illustration which was cited before the Income-tax Officer and which is relied upon by the High Court may at the highest, if its fundamental premise is true, show that the interpretation canvassed by the Revenue may conceivably work out injustice. WebJun 5, 2024 · You may refer to CIT v. Vatika Township Private Limited 2014 (9) TMI 576 - SUPREME COURT wherein the SC has clarified prospective and retrospective operation of tax amendments elaborately. Since this amendment is not beneficial to assessee, under the normal rule of presumption, the amendment will not have a retrospective effect. 1 Post …
WebJan 2, 2024 · A five-Judge Bench decision of the Supreme Court in Vatika Township [17] traversed through competing jurisprudential theories to declare the need to balance the …
WebApr 9, 2024 · One such pronouncement is CIT v. Vatika Township Private Limited [TS-573-SC-2014] wherein Hon'ble Supreme court had ruled that retrospective amendments should be there in order to solve problems of the taxpayers and not of the department. Hence, this retrospective amendment is increasing the hardship of the taxpayers, which is not right in … packers all yellow uniformWebi) CIT .v. Vatika Township Pvt. Limited [2014] 367 ITR 466 (SC) ii) Ansal Housing and Construction Ltd., .v. ACIT (2016) 389 ITR 373, Delhi HC B. RETROSPECTIVITY … jersey race club meetingsWebTownship County Carlyle Township: Allen County: Cottage Grove Township: Allen County: Deer Creek Township: Allen County: Elm Township: Allen County: Elsmore Township packers all time rushersWebJul 27, 2024 · Vatika Township Pvt. Ltd. 2 has laid down the following guidelines with respect to retrospective application of amendments: 1. Unless a contrary intention appears, a legislation is presumed not to be intended to have a retrospective operation. This principle of law is known as lex prospicit non respicit : law looks forward not backward. 2. jersey public schoolWebSupreme Court - Daily Orders Commr.Of Income Tax-I,New Delhi vs Vatika Township P.Ltd. on 15 September, 2014 REPORTABLE IN THE SUPREME COURT OF INDIA … jersey public school yrdsbhttp://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Computer-Sciences-Corporation-India-P-Ltd-2.pdf jersey pyjama shorts mensWebMar 10, 2024 · CIT vs. Vatika Township Pvt. Ltd. (2015) The court held that the revenue cannot disregard a transaction that is genuine and bonafide. 3. CIT vs. Kelvinator of India Ltd. (2010) In this case, the court held that a mere change of opinion by the assessing officer cannot be a reason for reopening of an assessment. 4. CIT vs. Alom Extrusions … jersey racing fixtures