FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Some Important Judicial Pronouncements

Some Important Judicial Pronouncements

Some Important Judicial Pronouncements

Some Important Judicial Pronouncements

1. CAPITAL GAINS

In favour of: Assessee
Where fair market value claimed by assessee as on 1st April, 1981 was higher than that estimated by AO, the provisions of 55A should not have been invoked. Provisions of s 55A can be invoked only in case where the valuation report was not submitted by assessee. 


Bombay Tribunal
RASHMIKANT BAXI (HUF) VS INCOME TAX OFFICER : (2015) 45 CCH 0091 MumTrib 
Decided On: Sep 30, 2015

2. APPEALS 

In favour of: Assessee
Where Revenue and assessee had not followed any of the prescribed method envisaged in r 10B of the Income-tax Rules for determining the Arm’s Length Price as provided u/s 92C of the Act, then method of computation adapted by both was erroneous and matter was justified to be remitted so as to compute the ALP as per the provisions of the Act. 


Chennai Tribunal
AUTONEUM NITTOKU SOUND PROOF PRODUCTS INDIA P LTD. VS ASSISTANT COMMISSIONER OF INCOME TAX : (2015) 45 CCH 0088 ChenTrib 
Decided On: Sep 29, 2015

3. CHARITABLE TRUSTS 

In favour of: Assessee
Where profits arising out of the sale of land were utilized for charitable activities of the Trust as per the provisions of s 11, 12 & 13, then benefit u/s 11 could not be denied to the Charitable Trust. 


Chennai Tribunal
INCOME TAX OFFICER (OSD) VS MAGUNTA RAGHAVA REDDY CHARITABLE TRUST : (2015) 45 CCH 0090 ChenTrib 
Decided On: Sep 29, 2015

Some Important Judicial Pronouncements

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

Leave a comment

Your email address will not be published. Required fields are marked *