Cit v vatika township
WebTownship County Carlyle Township: Allen County: Cottage Grove Township: Allen County: Deer Creek Township: Allen County: Elm Township: Allen County: Elsmore Township 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.
Cit v vatika township
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WebSep 10, 2010 · It is Shri Chandan Basu who has to bear the cost of construction. ON the basis this statement stand of the assessee could be that Rs. 81 lacs was to come from … WebJan 21, 2024 · Vatika Township (P) Ltd.[9] that “The idea behind the rule is that a current law should govern current activities. Law passed today cannot apply to the events of the …
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 … WebJul 6, 2016 · Chennai Properties & Investments Ltd vs. CIT (Supreme Court) Where there is a letting out of premises and collection of rents the assessment on property basis may be correct but not so, where the letting or sub-letting is part of a trading operation.
WebIt is contained in CBDT circular No.8 of 2002 dated 27th August, 2002, with the subject “Finance Act, 2002 – Explanatory Notes on provision relating to Direct Taxes”. This … 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.
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 … fly to wroclawWebNov 3, 2024 · Vatika Township Pvt. Ltd., reported in 367 ITR 466 wherein it was held that provision for levy of surcharge on income tax in the case of block assessment is not clarificatory and therefore not retrospective in operation. 6. We have heard rival submissions and perused the material on record. green products and materialsWebOct 18, 2024 · Vatika Township Private Limited, [ (2015) 1 SCC 1] wherein the following had to be specified: Taxable event attracting the levy; Clear indication of the person on whom the levy is imposed; Rate... fly townsville to newcastleWebDec 3, 2024 · The Supreme Court of India, in CIT v Vatika Township (P) Ltd (2015), held that a new legislation ought not to change the character of past transactions carried out upon the faith of the then existing law. Therefore, the Act, being a substantial new legislation, ought to operate prospectively. fly to worldWebApr 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 … green products at walmartWebCIT VS VATIKA TOWNSHIP PVT LTD (2015) 1 SCC 1 Whether the surcharge levied by way of inserion of the proviso to secion 113 of the income Tax Act 1961, by the … fly to world droneWebJun 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 … fly to work in your two-seater drone