Entry Tax in Madhya Pradesh stayed by MP High Court

0 comments Thursday, September 8, 2011
Entry tax in Madhya Pradesh has been interimly stayed by MP High Court taking note of stay of Entry Tax in Punjab and in Haryana. It is to be noted that the cases related to constitutional validity of entry tax as levied in Haryana and in other states is still pending in Jindal Steels case with the Supreme Court.

The MP High Court on the similar terms has also stayed the entry tax in Madhaya Pradesh. I have recieved the copy of stay order of the MP High Court as well as the writ petition filed from a friend in MP, which I am sharing herebelow for the persons concerned in MP as well as in other states.
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Rent from leave and licence of office premises is taxable as business income-Allahabad HC

Allahabad High court has held in an important case namely The scientific Instrument Co Ltd V CIT that income from rent recieved from the leave and licence of an immovable property which was one of a business assets, is not an income u/h House Property but is a business income in the light of the facts that only a part of such immovable property was let out and the remaining was being used for business purposes.
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No ractification of intimation u/s 143(1)(a) after assessment order u/s 143(3)-Madras HC

Madras High Court has held in Tamil Nadu Magnesite Ltd., Versus The Commissioner of Income-Tax,   that once assessment u/s 143(3) of Income Tax Act is completed, no order ractifying the intimation u/s 143(1)(a) earlier issued, can be passed as after the assessment order u/s 143(3) the intimation u/s 143(1)(a) earlier issued gets merged with the said assessment order.
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