Taxcharcha
Income TaxRecent Case Laws

That the salary paid in the year of operation for the period before the commencement of the operation should not be disallowed- ITAT Delhi

by Team Taxcharcha0557
M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

 

 

[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/ITAT-Delhi-2.odt” comments=”true” SVG=”true”]

Since, the assessee is providing health care services before the commencement of its super speciality hospital “Medanta”, the salary paid to one of the leading surgeons who is the team leader in all the major work done before the 01.11.2009 is to be allowed and the assessing officer was wrong in disallowing the same as of preoperative expense and treating as a capital expenditure.

To download, ITA 3622, 4587 of Del 2015

Related posts

Rectification of GSTR- 3B stayed by the Supreme court of India in case of Bharti Airtel Limited

Team Taxcharcha

In terms of section 194A(1), The time of deduction of tax u/s 194A(1) is undisputedly time at which interest is to be credited to account of payee or when it is paid in cash/cheque or draft therefore, deduction of tax at source on interest income before close of financial year concerned as provided under section 194A(4) would not obligate assessee bank from penalty for not deducting tax at source at time of credit of said income in payee’s account – HC Allahabad

Team Taxcharcha

The assessee can be taxed only on the gain which is oozing out from the sale consideration, thus, no adverse inference can be drawn while invoking the provision of section 50C of the Act. – Bombay High Court

Team Taxcharcha