2024 Cit v vatika township

Cit v vatika township

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August undefined, 2024

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 … 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 …

CIT vs. Vatika Township (Supreme Court) – itatonline.org

WebThe Gauhati High Court in the case of CIT v. George Williamson (Assam) Ltd: (2006) 284 ITR 619 (Gauhati) dealt with the very same issue. In the said judgment the Division … WebNov 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. hilton venice italy stucky

Supreme Court holds levy of contribution to district mineral

WebIndian Kanoon - Search engine for Indian Law http://saprlaw.com/taxblog/retrospective_amendments.pdf 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 … hilton ventures

Transsys Solutions Pvt Ltd, ... vs Cit(A),Nfac, Delhi on 31 January, …

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 … 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. home healthcare agencies in conyers gaWebMay 15, 2024 · In CIT v. Vatika Township (2014) 367 ITR466 (SC) (Five Judges Bench) Levy of surcharge on block assessment years pertaining prior to ist June 2002 is held to … hilton versus dreams resorts

"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

Cit v vatika township

Commr.Of Income Tax-I vs M/S Vatika Township Pvt.Ltd. on 29 …

http://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Computer-Sciences-Corporation-India-P-Ltd-2.pdf WebDec 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.

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WebJan 31, 2024 · ITAT set aside the order of CIT (A) and restored the issue back to the file of the Assessing Officer for de novo adjudication without invoking the provisions of Rule 8D. Against the order of ITAT, the revenue filed an appeal before the High Court. The High Court following its earlier judgment of Godrej and Boyce Manufacturing Company Limited Vs. WebSep 16, 2014 · CIT vs. Vatika Township (Supreme Court – Full Bench) – itatonline.org. Click Here For Best Books On Taxation & Law. Upto 60% Off On Select Titles. Free …

WebNov 23, 2024 · Relying upon the spirit of the Supreme Court decision in the case of Vatika Township (P.) Ltd. [2014] 49 taxmann.com 249, the Tribunal held that if a fresh benefit is provided by the Parliament in an existing provision, then such an amendment should be given retrospective effect. 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.

WebMar 10, 2024 · 1. CIT vs. S. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on the ground of mere suspicion. 2. CIT vs. Vatika … Webi) 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 …

WebVatika Township Pvt. Ltd. [2014] 367 ITR 466 (SC) Section 206AA(1)(iii) simply provides for deduction of tax 'at the rate of twenty percent.' Unlike Section 113 and other provisions as discussed above, there is no mention for the levy of any surcharge, education cess, etc. on such rate of 20 per cent.

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 … home health care agencies in delaware countyWebvatika infotech city 𝐉𝐃𝐀 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐝 𝐥𝐮𝐱𝐮𝐫𝐢𝐨𝐮𝐬 𝐓𝐨𝐰𝐧𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐚𝐥𝐥 ... hilton vet clinic ferndaleWebNov 21, 2024 · The Hon’ble Supreme Court in “CIT v Vatika Township Pvt Ltd2, while dealing with retrospectivity of legislation, quoted G.P Singh’s Principles of Statutory interpretation, which is as under: “If a new Act is ‘to explain’ an earlier Act, it would be without object unless construed retrospective. hilton vermont locationsWeb• CIT v. Vatika Township (2014) 367 ITR 466 (SC) (5-judges) “If the concerned provision of the taxing statute is ambiguous and vague and is susceptible to two interpretations, the … hilton vero beach oceanfrontWebSupreme 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 … home health care agencies independence ksWebOct 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... hilton vero beachWebMar 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 … hilton verona wisconsin