![Gujarat HC Upholds Vires of Provision Denying Deduction for Payments to Eligible Project or Scheme under Sec 35AC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "Gujarat HC Upholds Vires of Provision Denying Deduction for Payments to Eligible Project or Scheme under Sec 35AC [Read Judgment]")
Gujarat HC Upholds Vires of Provision Denying Deduction for Payments to Eligible Project or Scheme under Sec 35AC [Read Judgment]
The Gujarat High Court upheld the vires of the sub-section (7) of Section 35AC of the Income Tax Act. The benefit of deduction under section 35AC of...
![‘Tax Arrear’ for the purpose of Direct Tax Amnesty Scheme, 2016 includes Penalty: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Tax-Arrear.jpg "‘Tax Arrear’ for the purpose of Direct Tax Amnesty Scheme, 2016 includes Penalty: Gujarat HC [Read Judgment]")
![Dept cannot Tax Partner along with the Firm for Sham Transactions: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan.jpg "Dept cannot Tax Partner along with the Firm for Sham Transactions: Gujarat HC [Read Judgment]")
Financial Co. cannot claim Deduction in respect of Interest collected with EMI after the Sale of Portfolios to Another Co.: Gujarat HC [Read Judgment]
A division bench of the Gujarat High Court in Gruh Finance Ltd v. DCIT, held that a Finance Corporation cannot claim of deduction under section 36(1)(viii) of the Income Tax Act, 1961 in respect of...
![Financial Co. cannot claim Deduction in respect of Interest collected with EMI after the Sale of Portfolios to Another Co.: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Deduction-Section-36.jpg "Financial Co. cannot claim Deduction in respect of Interest collected with EMI after the Sale of Portfolios to Another Co.: Gujarat HC [Read Judgment]")
Deemed Dividend would not attract when the Shareholder, who received the Loan holds 10% of Voting Power of the Company: Gujarat HC
While dismissing a departmental appeal, a division bench of the Gujarat High Court held that the provisions relating to ‘deemed dividend’ would not attract when the borrowing by one person and some...
Dept should Allow Assessee to Correct PAN of the Deductee in the TDS Statement: Gujarat HC [Read Judgment]
While allowing a petition filed by M/s Purnima Advertising Agency Pvt Ltd, a division bench of the Gujarat High Court directed the Income Tax department to allow the petitioner to correct PAN of the...
![Dept should Allow Assessee to Correct PAN of the Deductee in the TDS Statement: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/TDS-Statement.jpg "Dept should Allow Assessee to Correct PAN of the Deductee in the TDS Statement: Gujarat HC [Read Judgment]")
Two Entities cannot be Treated as ‘AEs’ Merely on Ground one has De Facto participation in Capital, Management or Control over the Other: Gujarat HC
A division bench of the Gujarat High Court, recently in Pr. CIT v. M/s Veer Gems, held that mere fact that an enterprise has de facto participation in the capital, management or control over the other...
Income Tax Dept can Collect Late Fee even prior to the insertion of Sec 234E While Processing Statement of TDS under s. 200A: Gujarat HC
In Rajesh Kourani v. Union of India & Ors, a division bench of the Gujarat High Court held that the IT Department can collect a late fee even prior to the insertion of Section 234E of the Income...
Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]
In Radhawami Salt works v. ACIT, a division bench of the Gujarat High Court held that re-assessment under s. 147/148 of the Income Tax Act cannot be made when the original assessment order is...
![Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]")
Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order]
In CIT v. Karavati Club Ltd, the division bench of the Gujarat High Court, while deleting the addition in respect of life membership and entrance fees received by the assessee-Company, held that the...
![Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Karnavati-Club.jpg "Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order]")