Income Tax Act, 1961 with Section 43B

Supreme Court clarifies deductibility of employee contributions under Income Tax Act: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 (2022)

/ Income Tax Act, 1961, Income Tax Act, 1961 with Section 2(24)(x), Income Tax Act, 1961 with Section 36(1)(va), Income Tax Act, 1961 with Section 43B, Judges, S. Ravindra Bhat, Sudhanshu Dhulia, Uday Umesh Lalit

Supreme Court Clarifies Deductibility of Employee Contributions Under Income Tax Act LEGAL ISSUE: Interpretation of Section 36(1)(va) and Section 43B of the Income Tax Act, 1961 regarding the deductibility of employee contributions to provident funds and other welfare funds. CASE TYPE: Income Tax Case Name: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 Judgment […]

Supreme Court clarifies deductibility of employee contributions under Income Tax Act: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 (2022) Read Post »

Supreme Court Upholds Validity of Section 43B(f) of Income Tax Act in Leave Encashment Deductions: Union of India vs. Exide Industries Limited (2020) INSC 305 (24 April 2020)

/ A.M. Khanwilkar, Constitutional Law, Constitutional Law with Article 14, Dinesh Maheshwari, Fundamental Rights, Hemant Gupta, Income Tax Act, 1961, Income Tax Act, 1961 with Section 145, Income Tax Act, 1961 with Section 43B, Judges

Supreme Court Upholds Validity of Section 43B(f) of Income Tax Act in Leave Encashment Deductions Date of the Judgment: 24 April 2020 Citation: (2020) INSC 305 Judges: A.M. Khanwilkar, J., Hemant Gupta, J., and Dinesh Maheshwari, J. The Supreme Court of India addressed a critical question regarding the validity of Section 43B(f) of the Income

Supreme Court Upholds Validity of Section 43B(f) of Income Tax Act in Leave Encashment Deductions: Union of India vs. Exide Industries Limited (2020) INSC 305 (24 April 2020) Read Post »

Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020)

/ Ashok Bhushan, Central Excise Act, 1944, Central Excise Rules, 1944 with Rule 2(3), Deductions, Income Tax Act, 1961, Income Tax Act, 1961 with Section 43B, Judges, MODVAT Credit, Navin Sinha

Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020) LEGAL ISSUE: Whether unutilized MODVAT credit can be claimed as a deduction under Section 43B of the Income Tax Act. CASE TYPE: Income Tax Case Name: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax Judgment

Supreme Court Upholds Disallowance of MODVAT Credit as Deduction: Maruti Suzuki India Ltd. vs. Commissioner of Income Tax (2020) Read Post »

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