1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered to Support Case Proceedings and Judgements A. Section 80DDB of the […]
Category: LLB 6th Sem Law of Taxation [Case Laws]
Osmania Univerisity 3YDC 6th SEM Law of Taxation
![7. ‘A’ an Assessee, is a partner in a firm created a trust. By a settlement deed he assigned his profits of ten percent [right, title, interest (excluding capital] in the firm to the trust. He claimed his income transferred to trust as diversion of income. Is he legally justified?](http://lawgnan.in/wp-content/uploads/2025/07/Untitled-design-2025-07-12T162233.079.png)
7. ‘A’ an Assessee, is a partner in a firm created a trust. By a settlement deed he assigned his profits of ten percent [right, title, interest (excluding capital] in the firm to the trust. He claimed his income transferred to trust as diversion of income. Is he legally justified?
1. Facts of the Case Mr. A, an individual assessee, is a partner in a firm. Through a settlement deed, he has created a trust […]
8. The Assess purchased a flat in July 2013 on a loan and started paying EMI from the date of receipt of the loan. The assesse will receive the: possession of the house in August 2014, whether the interest benefit will be available to the assesse for the assessment year 2014-2015 (BY:2013-2014)2 1 “Yes! why and if ‘Not! why? Explain
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered to Support Case Proceedings and Judgements A. Section 24(b) – Deduction […]
6. John is a foreign citizen (not being a person of Indian origin). Since 1990, he visits Indi very year in the ‘month of May for 99 days. Find out the residential status of John for the assessment year 2014-15 under Income Tax Act 1961.
1. Facts of the Case 2. Issues in the Case (Questions) 3. Legal Principles Covered to Support Case Proceedings and Judgements Section 6(1) of the […]
5. Shyam, a partner of a firm constitutes a partnership with his two sons and a daughter with his share in the main partnership. Shyam is separated from his wife and is paying maintenance to her. What is his tax liability on the income earned from the main partnership and the amount?
1. Facts of the Case Mr. Shyam is a partner in a main partnership firm. He has entered into a sub-partnership with his two sons […]
4. The gross total income before deduction under section. 80C of ‘X’ a resident individual, aged 64 years is Rs.3,20,000/- and total income after deduction under sec 80C is Rs.2,85,000. Is it necessary for him to submit his return of income voluntarily?
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered to Support Case Proceedings and Judgements A. Section 139(1) of the […]
2. A, while travelling in TSRTC bus, meets with an accident and is temporarily disabled. TSRTC pays an amount of Rs. 10,000 as compensation to him. State whether the amount is revenue receipt or capital receipt.
1. Facts of the Case Mr. A, an ordinary resident of Telangana, was travelling as a passenger on a TSRTC (Telangana State Road Transport Corporation) […]
3. ‘A’ company is formed solely to do the business of building houses and letting them on rent. Is this income of the company taxable? If so under what head of the Income?
1. Facts of the Case 2. Issues in the Case The primary issues arising from this case are: 3. Legal Principles Covered to Support Case […]
1. A person has sustained a loss of Rs. 1 lakh in his speculative business. He wants to claim set-off of this loss from his income of Rs.30,000 received under the head income from house property. Will he be allowed to do so under the law? Decide with reasons.
This case involves a taxpayer who has incurred a loss in a speculative business and seeks to offset that loss against income from house property. […]
23. Explain the importance of place of supply under GST and SGST.
The Goods and Services Tax (GST) introduced a unified indirect tax regime in India, replacing a multitude of central and state taxes. Under this system, […]