827 12 aug_2014
•
0 likes•3 views
This document provides a summary of recent legal landmarks in India. It lists 6 cases from various High Courts and their key rulings. The cases addressed issues such as what constitutes a permanent establishment for tax purposes, the powers of tax officials to issue notices, whether income from hoardings is taxable, allowability of unused input tax credits, requirements for charitable trust registration, and treatment of government security premiums paid by banks.
Report
Share
Report
Share
Download to read offline
Recommended
1484 24 june 2016
This document provides a summary of recent legal landmarks across various high courts and appellate tribunals in India. It lists 6 cases covering topics like penalty for cash transactions from directors, comparability of entities in transfer pricing assessments, definition of speculative transactions, tax deducted at source on procurement of study data, definition of agricultural land, and meaning of royalties in the India-Thailand tax treaty. Each case cited provides the authority, relevant section/rule, ratio or key consideration from the ruling, and citation details.
844 1 sep_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases with details of the authority, section/rules discussed, ratio or key consideration, and case name. Some of the cases covered include:
1) A Mumbai tribunal case allowing depreciation on a revalued asset to be transferred to a successor as it was previously allowed to the predecessor.
2) A Gujarat High Court case finding that a director is not liable for unpaid company taxes if the non-recovery is not due to gross negligence of the director.
3) A Delhi High Court case treating disclosure of bank accounts prior to a search as not an admission of undisclosed income.
775 12 june_2014
The document lists recent legal landmarks from income tax appellate authorities and courts. It includes 6 cases covering topics such as:
1) Income from salary cannot be deemed to have accrued in India merely because an appointment letter was issued in India.
2) Where a taxpayer is entitled to claim maintenance expenses on a property under section 10(23C) or 11, they cannot also claim a section 24(a) deduction to avoid double deduction.
3) Refund of tax deducted at source cannot be denied due to delay in issuing TDS certificates if that delay caused the refund claim to be delayed.
777 14 june_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and the Supreme Court. The cases addressed a variety of taxation issues such as whether reimbursements constitute income subject to TDS; when a special audit can be directed; whether interest earned on delayed payments is taxable; allowing premiums on debentures to be spread over the life of the debentures; and whether salary earned before 1983 for offshore services was taxable in India. For each case, the document provides the authority, section/rules addressed, ratio or key finding, citation, and name of the assessee or party.
780 18 june_2014
1. The document provides a summary of recent legal landmarks across various authorities and high courts in India.
2. It lists 6 cases, with details of the section/rules and ratios involved. The first case discusses working capital adjustments in transfer pricing cases. The second case concerns whether merely being a lifelong member of a trust implies it is non-charitable. The third case is about denial of trust registration solely based on seized documents about capitation fees.
3. The remaining cases cover issues like carrying forward income by charitable trusts, differences between portfolio management and investment advisory services, and condonation of delay in filing an appeal due to employee resignation.
1525 11 aug_2016
This document provides a summary of recent legal landmarks from various authorities:
1. Interest income earned from bank deposits was considered business income for a cooperative bank and deductible under section 80P(2)(a)(i).
2. Interest payments on loans for constructing a building were allowed as a deduction against rent income received from the building under section 10(34).
3. Valuation losses on open derivative contracts were allowed as a business expense deduction under section 28(i).
4. Royalty payments to an associated enterprise could not be straightaway rejected as an expense where the taxpayer was manufacturing under a license granted by the associated enterprise.
760 26 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases with details of the authority, section/rules discussed, ratio or key consideration of the case, citation, and name of the assessee or party involved. The cases cover topics like the powers of the Assessing Officer on remand from appellate authorities, rejection of books of account, allowability of certain expenditures, validity of notices, exemption conditions for trusts, and attachment of bank accounts despite stay orders.
825 9 aug_2014
This document provides a summary of recent legal landmarks in Indian tax law. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. Each case listing includes the authority, section/rules discussed, key ratio or principle from the case, citation details, and name of the assessed party. The cases cover topics like penalty deletion, interest on default of advance tax, capital gains tax characterization, block assessments, tax treatment of interest income, and double taxation avoidance agreements.
Recommended
1484 24 june 2016
This document provides a summary of recent legal landmarks across various high courts and appellate tribunals in India. It lists 6 cases covering topics like penalty for cash transactions from directors, comparability of entities in transfer pricing assessments, definition of speculative transactions, tax deducted at source on procurement of study data, definition of agricultural land, and meaning of royalties in the India-Thailand tax treaty. Each case cited provides the authority, relevant section/rule, ratio or key consideration from the ruling, and citation details.
844 1 sep_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases with details of the authority, section/rules discussed, ratio or key consideration, and case name. Some of the cases covered include:
1) A Mumbai tribunal case allowing depreciation on a revalued asset to be transferred to a successor as it was previously allowed to the predecessor.
2) A Gujarat High Court case finding that a director is not liable for unpaid company taxes if the non-recovery is not due to gross negligence of the director.
3) A Delhi High Court case treating disclosure of bank accounts prior to a search as not an admission of undisclosed income.
775 12 june_2014
The document lists recent legal landmarks from income tax appellate authorities and courts. It includes 6 cases covering topics such as:
1) Income from salary cannot be deemed to have accrued in India merely because an appointment letter was issued in India.
2) Where a taxpayer is entitled to claim maintenance expenses on a property under section 10(23C) or 11, they cannot also claim a section 24(a) deduction to avoid double deduction.
3) Refund of tax deducted at source cannot be denied due to delay in issuing TDS certificates if that delay caused the refund claim to be delayed.
777 14 june_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and the Supreme Court. The cases addressed a variety of taxation issues such as whether reimbursements constitute income subject to TDS; when a special audit can be directed; whether interest earned on delayed payments is taxable; allowing premiums on debentures to be spread over the life of the debentures; and whether salary earned before 1983 for offshore services was taxable in India. For each case, the document provides the authority, section/rules addressed, ratio or key finding, citation, and name of the assessee or party.
780 18 june_2014
1. The document provides a summary of recent legal landmarks across various authorities and high courts in India.
2. It lists 6 cases, with details of the section/rules and ratios involved. The first case discusses working capital adjustments in transfer pricing cases. The second case concerns whether merely being a lifelong member of a trust implies it is non-charitable. The third case is about denial of trust registration solely based on seized documents about capitation fees.
3. The remaining cases cover issues like carrying forward income by charitable trusts, differences between portfolio management and investment advisory services, and condonation of delay in filing an appeal due to employee resignation.
1525 11 aug_2016
This document provides a summary of recent legal landmarks from various authorities:
1. Interest income earned from bank deposits was considered business income for a cooperative bank and deductible under section 80P(2)(a)(i).
2. Interest payments on loans for constructing a building were allowed as a deduction against rent income received from the building under section 10(34).
3. Valuation losses on open derivative contracts were allowed as a business expense deduction under section 28(i).
4. Royalty payments to an associated enterprise could not be straightaway rejected as an expense where the taxpayer was manufacturing under a license granted by the associated enterprise.
760 26 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases with details of the authority, section/rules discussed, ratio or key consideration of the case, citation, and name of the assessee or party involved. The cases cover topics like the powers of the Assessing Officer on remand from appellate authorities, rejection of books of account, allowability of certain expenditures, validity of notices, exemption conditions for trusts, and attachment of bank accounts despite stay orders.
825 9 aug_2014
This document provides a summary of recent legal landmarks in Indian tax law. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. Each case listing includes the authority, section/rules discussed, key ratio or principle from the case, citation details, and name of the assessed party. The cases cover topics like penalty deletion, interest on default of advance tax, capital gains tax characterization, block assessments, tax treatment of interest income, and double taxation avoidance agreements.
826 11 aug_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 rulings covering topics such as whether rental income from a godown on agricultural land constitutes agricultural income, whether service tax reimbursements should be excluded from gross receipts for presumptive income, and whether partners are liable to pay taxes on profits received from a firm that include exempted income. Each ruling summarized includes the authority, section/rules of relevant law, ratio or key consideration of the ruling, and citation and subject details.
837 25 aug_2014
This document provides a summary of recent legal landmarks from various tax authorities in India. It lists 6 cases from different High Courts and Income Tax Appellate Tribunals across the country. For each case, it provides the authority, relevant section/rules, ratio or key consideration from the ruling, case name and citation. The rulings addressed issues related to attribution of income to permanent establishments, penalty levied, adoption of transfer pricing methodology, working capital adjustments in transfer pricing assessments, tax deducted at source on export commission payments, and taxation of additional compensation received for compulsory asset acquisition.
823 7 aug_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and Income Tax Appellate Tribunals across the country. For each case, it provides the authority, section/rules discussed, key ratio or legal principle established, citation details, and name of the taxpayer involved. The document summarizes some of the recent important judicial decisions that help interpret various provisions of India's Income Tax Act.
848 5 sep_2014
The document lists recent legal landmarks from various courts in India relating to taxation law:
1. A joint venture was not taxable as an association of persons as it was only formed to secure a contract and the work was split between the partners.
2. A loan received from a minor son was treated as unexplained income as the assessee failed to explain the source of the loan.
3. No capital gains tax arose from the sale of land owned jointly as it was not considered a capital asset for the other co-owners.
1520 5 aug_2016
This document lists recent legal landmarks from various authorities:
1. The ITAT ruled that interest under section 234B will apply from the first day of the assessment year once an order is passed under section 245C.
2. The ITAT held that a trust letting out its auditorium for marriage functions will not be eligible for exemption under the Income Tax Act.
3. The Delhi High Court stated that the Berry Ratio can be used as a comparable uncontrolled price for applying the TNMM transfer pricing method but only in limited circumstances.
814 28 july_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like deemed dividend income, registration of charitable trusts, tax deductibility of usance charges, exemption for trade fairs of associations, reimbursement of R&D expenses to foreign affiliates, and addition of notional interest in transfer pricing cases. For each case, it provides the authority, relevant section/rules of the Income Tax Act, ratio of the ruling, and citation details.
822 6 aug_2014
This document lists recent legal landmarks from taxation authorities in India. It summarizes six cases covering issues such as:
1) Declaration of additional income from a survey leading to concealment penalties.
2) Whether a deeming fiction around capital gains can disallow usual exemptions.
3) Whether purchases by account payee checks are sufficient to allow expense claims even without producing recipients.
4) Whether an order admitting a belated tax claim can be appealed.
5) Whether a refund of excise duty not previously claimed as a deduction can be taxed.
6) Whether contractual liability to pay customs duties hits provisions around statutory liabilities.
820 4 aug_2014
This document lists recent legal landmarks from various High Courts in India relating to taxation. It summarizes 6 cases under sections 271, 92CA, and 11 of the Income Tax Act. The cases addressed issues such as what constitutes concealment of income, when transfer pricing proceedings can be considered null and void, applying the Comparable Uncontrolled Price method, when no concealment penalty applies if rectification is requested, what constitutes a charitable trust, and when penalty initiation in an assessment order does not mandate levying penalties.
1488 29 june 2016
This document provides a summary of recent legal landmarks in India:
1. The Mumbai ITAT ruled that stay on tax demands should be granted where there was no assignment or transfer of call options by a company to indirectly acquire shares in an Indian company.
2. The Mumbai ITAT also ruled that penalty for concealment could not be levied solely due to differences in pricing methodologies between the assessing officer and the assessed.
3. The Mumbai ITAT further ruled that amendments to section 92B of the Income Tax Act regarding corporate guarantees only apply prospectively, not retrospectively prior to the date of amendment.
853 10 sep_2014
This document provides a summary of recent legal landmarks related to taxation. It lists 6 cases with details of the authority, section/rules involved, ratios, and citations. The cases addressed issues such as whether seized gifts could be considered unexplained income without incriminating material, whether a society could claim tax exemption under a section after an earlier exemption notification was repealed, and whether tax paid by an associated enterprise on behalf of another entity could be treated as deemed dividend if the other entity was not a shareholder in the associated enterprise.
1513 28 july_2016
This document provides a summary of recent legal landmarks from various tax authorities and courts in India. It lists 6 rulings covering topics like transfer pricing comparables, deductibility of interest expenses, applicability of appeal filing limits. Each ruling cites the relevant section/rule of tax law, provides a brief ratio or reasoning from the case, and identifies the case name and assessee involved. The rulings relate to matters like what constitutes a pass through cost, whether certain industries can be comparable for transfer pricing, interest expenses being business expenditures and applicability of appeal filing limits.
824 8 aug_2014
This document provides a summary of recent legal landmarks in various tax cases:
1. The Mumbai ITAT ruled that no tax withholding is required from payments made to a non-resident for establishing a ship breaking yard in India if the non-resident did not have a permanent establishment in India.
2. The Cochin ITAT ruled that a revised tax return cannot be rejected as defective or as an afterthought to evade tax.
3. The Punjab and Haryana High Court disallowed a commission expense deduction because the assessee failed to provide relevant details about the liaison work.
1526 12 aug_2016
The document provides a summary of recent legal landmarks in Indian tax law. It lists 6 cases with the section/rules of the Indian Income Tax Act involved, a brief description of the ratio or key legal principle from each case, and the citation and name of the assessed party. The cases addressed issues such as whether debentures issued in lieu of interest could be considered an actual payment; whether expenses incurred prior to incorporation of an associated enterprise constituted an international transaction; and whether the actual usage or ready availability of an oil rig was necessary to constitute a permanent establishment.
737 28 april_2014
This document provides a summary of recent legal landmarks in India across various jurisdictions:
1. The Madras High Court ruled that a debatable issue cannot be settled via a prima facie adjustment under section 143(1)(a) of the Income Tax Act.
2. The Rajasthan Tax Appellate Tribunal held that registration cannot be denied if the winding up or dissolution clause in an organization's documents is in conformity with the conditions in the Act.
3. The Delhi Income Tax Appellate Tribunal stated that direct comparable companies must be considered for transfer pricing analysis over segmental financial results.
4. The Punjab and Haryana High Court ruled that if income is not chargeable to tax under a
787 26 june_2014
1. The Karnataka High Court ruled that initiation of proceedings under section 153A of the Income Tax Act does not require undisclosed income to be found during a search under section 132, only that a search took place.
2. The Karnataka High Court confirmed a penalty order under section 271E against a firm for violating section 269T by repaying a loan to another firm in cash, rejecting the argument that it was an inter-firm transaction.
3. The Delhi High Court ruled that unutilized subsidy received by a company for a specific purpose could not be treated as taxable income.
744 7 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like:
1. Interest deduction on a loan from a State Government.
2. Dismissal of a rectification application where there was no obvious error in a tribunal's order.
3. Investment allowance and whether a company is obligated to create reserves when profits are nil.
765 31 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like:
1) Dismissal of an appeal for delay due to demonstrated negligence.
2) The power of an assessing officer to select a case for scrutiny assessment despite assurances from a survey party.
3) Allowing a deduction under section 80G even if not eligible for exemption under other sections.
4) Allowing withdrawal of a revised return and reliance on the original return filed with wrong legal advice.
5) Requiring a declaration from parties regarding pending cases on similar issues affecting an appeal.
6) Setting the year of assessment as the date an
1487 28 june 2016
1. The Mumbai ITAT ruled that the period of holding property acquired through a family arrangement would begin on the date the person became the owner, not the date of the original owner's death.
2. The Madras HC held that interest on loans by a company to sister concerns could not be disallowed as non-business expenditure where both were in the same line of business.
3. The Madras HC also ruled that an upfront payment for a 99-year leasehold could not be considered rental income for the lessor, so TDS under section 194-I did not apply.
764 30 may_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases by authority, section/rules of relevant law, ratio or key legal principle of the case, citation, and name of party. The first case discusses the determination of net operating profit margin for transfer pricing purposes. The second case concerns the eligibility of a trust for tax exemption where the dominant purpose was benefiting one community. The third case finds that the Settlement Commission cannot order a special audit during settlement proceedings.
1497 9 july_2016
This document provides a summary of recent legal landmarks from various courts and tribunals in India:
1. The Delhi ITAT held that sums received without consideration by an AOP could not be included as other source income under section 56(2)(vi).
2. The Hyderabad ITAT held that companies rendering different services or with different profit margins could not be accepted as comparable companies for transfer pricing purposes.
3. The Chennai ITAT held that advance money forfeited by a builder to acquire land for construction was a revenue loss deductible under section 37 as the land was acquired as stock-in-trade.
852 9 sep_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases with details of the authority, section/rules of the Income Tax Act under consideration, key ratio decided, and case name:
1. The cancellation of registration of a trust was not permitted due to non-filing of return of income.
2. Reopening of assessment was held valid when the AO later found a foreign company had a subsidiary PE in India.
3. Resale price method for transfer pricing was applied even when goods were bought from and sold to affiliated entities.
4. Resale price method could not be applied to benchmark exports of goods to an affiliated entity.
1528 15 aug_2016
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. For each case, it provides the authority, section/rules discussed, a brief description of the ratio or legal principle from the case, and citation details including the name of the assessee involved. The cases covered relate to topics like taxation of unsold property income, permanent establishment rules, taxability of commission payments to non-resident agents, transfer pricing adjustments, allowability of registration fee payments as a deduction, and classification of rental income.
More Related Content
What's hot
826 11 aug_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 rulings covering topics such as whether rental income from a godown on agricultural land constitutes agricultural income, whether service tax reimbursements should be excluded from gross receipts for presumptive income, and whether partners are liable to pay taxes on profits received from a firm that include exempted income. Each ruling summarized includes the authority, section/rules of relevant law, ratio or key consideration of the ruling, and citation and subject details.
837 25 aug_2014
This document provides a summary of recent legal landmarks from various tax authorities in India. It lists 6 cases from different High Courts and Income Tax Appellate Tribunals across the country. For each case, it provides the authority, relevant section/rules, ratio or key consideration from the ruling, case name and citation. The rulings addressed issues related to attribution of income to permanent establishments, penalty levied, adoption of transfer pricing methodology, working capital adjustments in transfer pricing assessments, tax deducted at source on export commission payments, and taxation of additional compensation received for compulsory asset acquisition.
823 7 aug_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and Income Tax Appellate Tribunals across the country. For each case, it provides the authority, section/rules discussed, key ratio or legal principle established, citation details, and name of the taxpayer involved. The document summarizes some of the recent important judicial decisions that help interpret various provisions of India's Income Tax Act.
848 5 sep_2014
The document lists recent legal landmarks from various courts in India relating to taxation law:
1. A joint venture was not taxable as an association of persons as it was only formed to secure a contract and the work was split between the partners.
2. A loan received from a minor son was treated as unexplained income as the assessee failed to explain the source of the loan.
3. No capital gains tax arose from the sale of land owned jointly as it was not considered a capital asset for the other co-owners.
1520 5 aug_2016
This document lists recent legal landmarks from various authorities:
1. The ITAT ruled that interest under section 234B will apply from the first day of the assessment year once an order is passed under section 245C.
2. The ITAT held that a trust letting out its auditorium for marriage functions will not be eligible for exemption under the Income Tax Act.
3. The Delhi High Court stated that the Berry Ratio can be used as a comparable uncontrolled price for applying the TNMM transfer pricing method but only in limited circumstances.
814 28 july_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like deemed dividend income, registration of charitable trusts, tax deductibility of usance charges, exemption for trade fairs of associations, reimbursement of R&D expenses to foreign affiliates, and addition of notional interest in transfer pricing cases. For each case, it provides the authority, relevant section/rules of the Income Tax Act, ratio of the ruling, and citation details.
822 6 aug_2014
This document lists recent legal landmarks from taxation authorities in India. It summarizes six cases covering issues such as:
1) Declaration of additional income from a survey leading to concealment penalties.
2) Whether a deeming fiction around capital gains can disallow usual exemptions.
3) Whether purchases by account payee checks are sufficient to allow expense claims even without producing recipients.
4) Whether an order admitting a belated tax claim can be appealed.
5) Whether a refund of excise duty not previously claimed as a deduction can be taxed.
6) Whether contractual liability to pay customs duties hits provisions around statutory liabilities.
820 4 aug_2014
This document lists recent legal landmarks from various High Courts in India relating to taxation. It summarizes 6 cases under sections 271, 92CA, and 11 of the Income Tax Act. The cases addressed issues such as what constitutes concealment of income, when transfer pricing proceedings can be considered null and void, applying the Comparable Uncontrolled Price method, when no concealment penalty applies if rectification is requested, what constitutes a charitable trust, and when penalty initiation in an assessment order does not mandate levying penalties.
1488 29 june 2016
This document provides a summary of recent legal landmarks in India:
1. The Mumbai ITAT ruled that stay on tax demands should be granted where there was no assignment or transfer of call options by a company to indirectly acquire shares in an Indian company.
2. The Mumbai ITAT also ruled that penalty for concealment could not be levied solely due to differences in pricing methodologies between the assessing officer and the assessed.
3. The Mumbai ITAT further ruled that amendments to section 92B of the Income Tax Act regarding corporate guarantees only apply prospectively, not retrospectively prior to the date of amendment.
853 10 sep_2014
This document provides a summary of recent legal landmarks related to taxation. It lists 6 cases with details of the authority, section/rules involved, ratios, and citations. The cases addressed issues such as whether seized gifts could be considered unexplained income without incriminating material, whether a society could claim tax exemption under a section after an earlier exemption notification was repealed, and whether tax paid by an associated enterprise on behalf of another entity could be treated as deemed dividend if the other entity was not a shareholder in the associated enterprise.
1513 28 july_2016
This document provides a summary of recent legal landmarks from various tax authorities and courts in India. It lists 6 rulings covering topics like transfer pricing comparables, deductibility of interest expenses, applicability of appeal filing limits. Each ruling cites the relevant section/rule of tax law, provides a brief ratio or reasoning from the case, and identifies the case name and assessee involved. The rulings relate to matters like what constitutes a pass through cost, whether certain industries can be comparable for transfer pricing, interest expenses being business expenditures and applicability of appeal filing limits.
824 8 aug_2014
This document provides a summary of recent legal landmarks in various tax cases:
1. The Mumbai ITAT ruled that no tax withholding is required from payments made to a non-resident for establishing a ship breaking yard in India if the non-resident did not have a permanent establishment in India.
2. The Cochin ITAT ruled that a revised tax return cannot be rejected as defective or as an afterthought to evade tax.
3. The Punjab and Haryana High Court disallowed a commission expense deduction because the assessee failed to provide relevant details about the liaison work.
1526 12 aug_2016
The document provides a summary of recent legal landmarks in Indian tax law. It lists 6 cases with the section/rules of the Indian Income Tax Act involved, a brief description of the ratio or key legal principle from each case, and the citation and name of the assessed party. The cases addressed issues such as whether debentures issued in lieu of interest could be considered an actual payment; whether expenses incurred prior to incorporation of an associated enterprise constituted an international transaction; and whether the actual usage or ready availability of an oil rig was necessary to constitute a permanent establishment.
737 28 april_2014
This document provides a summary of recent legal landmarks in India across various jurisdictions:
1. The Madras High Court ruled that a debatable issue cannot be settled via a prima facie adjustment under section 143(1)(a) of the Income Tax Act.
2. The Rajasthan Tax Appellate Tribunal held that registration cannot be denied if the winding up or dissolution clause in an organization's documents is in conformity with the conditions in the Act.
3. The Delhi Income Tax Appellate Tribunal stated that direct comparable companies must be considered for transfer pricing analysis over segmental financial results.
4. The Punjab and Haryana High Court ruled that if income is not chargeable to tax under a
787 26 june_2014
1. The Karnataka High Court ruled that initiation of proceedings under section 153A of the Income Tax Act does not require undisclosed income to be found during a search under section 132, only that a search took place.
2. The Karnataka High Court confirmed a penalty order under section 271E against a firm for violating section 269T by repaying a loan to another firm in cash, rejecting the argument that it was an inter-firm transaction.
3. The Delhi High Court ruled that unutilized subsidy received by a company for a specific purpose could not be treated as taxable income.
744 7 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like:
1. Interest deduction on a loan from a State Government.
2. Dismissal of a rectification application where there was no obvious error in a tribunal's order.
3. Investment allowance and whether a company is obligated to create reserves when profits are nil.
765 31 may_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like:
1) Dismissal of an appeal for delay due to demonstrated negligence.
2) The power of an assessing officer to select a case for scrutiny assessment despite assurances from a survey party.
3) Allowing a deduction under section 80G even if not eligible for exemption under other sections.
4) Allowing withdrawal of a revised return and reliance on the original return filed with wrong legal advice.
5) Requiring a declaration from parties regarding pending cases on similar issues affecting an appeal.
6) Setting the year of assessment as the date an
1487 28 june 2016
1. The Mumbai ITAT ruled that the period of holding property acquired through a family arrangement would begin on the date the person became the owner, not the date of the original owner's death.
2. The Madras HC held that interest on loans by a company to sister concerns could not be disallowed as non-business expenditure where both were in the same line of business.
3. The Madras HC also ruled that an upfront payment for a 99-year leasehold could not be considered rental income for the lessor, so TDS under section 194-I did not apply.
764 30 may_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases by authority, section/rules of relevant law, ratio or key legal principle of the case, citation, and name of party. The first case discusses the determination of net operating profit margin for transfer pricing purposes. The second case concerns the eligibility of a trust for tax exemption where the dominant purpose was benefiting one community. The third case finds that the Settlement Commission cannot order a special audit during settlement proceedings.
1497 9 july_2016
This document provides a summary of recent legal landmarks from various courts and tribunals in India:
1. The Delhi ITAT held that sums received without consideration by an AOP could not be included as other source income under section 56(2)(vi).
2. The Hyderabad ITAT held that companies rendering different services or with different profit margins could not be accepted as comparable companies for transfer pricing purposes.
3. The Chennai ITAT held that advance money forfeited by a builder to acquire land for construction was a revenue loss deductible under section 37 as the land was acquired as stock-in-trade.
What's hot (20)
Similar to 827 12 aug_2014
852 9 sep_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases with details of the authority, section/rules of the Income Tax Act under consideration, key ratio decided, and case name:
1. The cancellation of registration of a trust was not permitted due to non-filing of return of income.
2. Reopening of assessment was held valid when the AO later found a foreign company had a subsidiary PE in India.
3. Resale price method for transfer pricing was applied even when goods were bought from and sold to affiliated entities.
4. Resale price method could not be applied to benchmark exports of goods to an affiliated entity.
1528 15 aug_2016
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases from various High Courts and the Income Tax Appellate Tribunal. For each case, it provides the authority, section/rules discussed, a brief description of the ratio or legal principle from the case, and citation details including the name of the assessee involved. The cases covered relate to topics like taxation of unsold property income, permanent establishment rules, taxability of commission payments to non-resident agents, transfer pricing adjustments, allowability of registration fee payments as a deduction, and classification of rental income.
1502 15 july_2016
The document provides a summary of recent legal landmarks related to taxation in India. It includes 6 rulings from various authorities like Delhi ITAT, Rajasthan ITAT, Bombay HC, Supreme Court of India, Kolkata ITAT, and Mumbai ITAT. Each ruling summarizes the section of law, ratio or key point of the ruling, citation details, and name of the assessed party. The rulings covered topics like deductions, assessments, income from foreign gifts, transfer pricing, and accrual of income.
851 8 sep_2014
This document provides a summary of recent legal landmarks across various high courts in India. It lists 6 cases from courts in Cuttack, Allahabad, Gujarat, Madras, and Bombay. The cases addressed penalties for delayed TDS returns, whether petty cash from relatives constitutes unexplained income, taxability of premiums received by a housing society, capital gains tax on shares held for investment, genuineness of business loans, and interest on refund of self-assessment tax. Each case includes the authority, section/rules discussed, ratio or key finding, and citation details.
1495 7 july_2016
1. The Supreme Court ruled that tips collected by employees from customers cannot be considered as salary income of the employees and are not taxable.
2. The Mumbai ITAT ruled that since a celebrity was advised by a competent CA regarding tax provisions, no penalty could be imposed for failure to deduct tax at source since there was no mala fide intention.
3. The Cochin ITAT ruled that mere proximity of land to a highway does not change the agricultural nature of the land, and appreciation in land value alone cannot be used to determine if the land is not agricultural.
834 21 aug_2014
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like what constitutes a permanent establishment in India, the disallowance of bogus transactions, the deductibility of interest paid for non-self occupied property, and whether contributions to superannuation funds constitute a taxable perquisite. For each case, it provides the authority, relevant section/rules, ratios, and citation details.
815 29 july_2014
This document lists recent legal landmarks from various authorities and courts in India. It summarizes 6 cases related to topics like compulsory property acquisition, tax evasion, transfer pricing adjustments, taxability of trust accruals, deductions for partner payments, and characterization of leased line payments. Each case provides the authority, relevant section/rule, ratio or key finding, citation, and case name for reference. The document serves to inform clients of notable recent tax rulings.
809 22 july_2014
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases with details of the authority, section/rules discussed, ratio or key consideration of the case, and citation and name of the assessee involved. Some of the rulings summarized include that reassessment for recharacterizing business advances as capital receipts was not allowed if originally assessed differently, amounts spent on railway construction for project access were revenue expenses, and depreciation of 60% was allowed for chlorine tonners as they are gas cylinders.
763 29 may_2014
This document provides a summary of recent legal landmarks in taxation. It lists 6 cases with details of the authority, section/rules discussed, ratio of the case, and citation. The cases covered relate to topics like determining comparable companies for transfer pricing, treatment of interest income, characterization of fees for technical services, filing of return in response to reassessment notice, apportionment of expenses as capital vs. revenue, and classification of income from purchase and sale of agricultural land.
845 2 sep_2014
This document provides a summary of recent legal landmarks from various authorities:
1. The Mumbai ITAT ruled that admitting undisclosed income for one year does not mean undisclosed income was earned in earlier years as well.
2. The Bombay High Court ruled that financial hardship need not be considered for a stay application if the case was against the revenue as per a Superior Forum.
3. The Delhi ITAT ruled that a fixed place permanent establishment is not established if the premises of the Indian affiliate are not at the disposal of the foreign entity.
803 15 july_2014
The document lists recent legal landmarks from various authorities:
1. The Mumbai ITAT ruled that depreciation was allowable on intangibles transferred in a business succession on a going concern basis.
2. The Delhi HC ruled that a garnishee's statement can be scrutinized under section 226 without examining the nature or existence of liability.
3. The HP HC ruled that deductions under sections 80-IA, 80-IB or 80HHC can be claimed fully as each provision is an independent provision.
766 2 june_2014
This document provides a summary of recent legal landmarks across various courts and tribunals in India. It includes 6 cases covering topics such as:
1) Liability of a director of a public company also being director of a private company.
2) Retrospective tax amendments not applicable for payments made before the amendment came into effect.
3) Interest on a housing loan disallowed due to maximum limit cannot be set off against other interest income.
4) No addition for amounts received as shared portfolio tracking fees from agents.
5) Comparable companies cannot be excluded from transfer pricing analysis just because included previously.
6) Interest is payable on tax dues of non-res
1522 8 aug_2016
This document provides a summary of recent legal landmarks from various authorities:
1. The Kolkata ITAT held that only shares that yielded dividend income during the year should be considered for calculating disallowance under section 14A.
2. The Mumbai ITAT held that a company cannot exclude income simply because it does not want to claim a foreign tax credit.
3. The Kolkata ITAT held that dividend income of an Indian company was exempt if the Brazilian company that distributed the dividend had paid over 15% tax on its income before distribution.
829 14 aug_2014
1. The document lists recent legal landmarks from various tax authorities and courts.
2. It summarizes six cases, providing the section/rules considered, key ratio or principle from the ruling, citation details and case name.
3. The cases addressed issues like the validity of a scrutiny assessment, determining the arm's length price of royalty payments, treatment of forex losses in computing arm's length price, the taxability of income from letting out office space, restrictions on property transfers, and the deductibility of interest expenses.
1498 11 july_2016
This document provides a summary of recent legal landmarks related to taxation in India. It lists 4 cases from the Supreme Court, Delhi High Court, and Mumbai Income Tax Appellate Tribunal. The cases addressed issues related to revisionary orders under section 263, search and assessment procedures under sections 153A and 153C, treatment of purchases as genuine or bogus, and appropriate pricing of corporate guarantees for transfer pricing purposes.
1504 18 july_2016
This document provides a summary of recent legal landmarks in India across various courts and authorities. It lists 6 cases covering topics such as:
1. Renovation expenditure on leasehold land being classified as capital expenditure.
2. Organizing an auto expo being considered a charitable activity for tax purposes.
3. Comparable companies cannot be selected for transfer pricing based on information not provided by the assessed party.
1507 21 july_2016
This document provides a summary of recent legal landmarks across various authorities and courts in India. It lists 6 cases covering topics like carbon credits not being taxable, foreign agents not subject to TDS, government companies not being good comparables for transfer pricing studies, disallowance under section 43B covering employee and employer contributions, reimbursements not attracting TDS if it is bank commission to a holding company, and determining permanent establishment in India for a Mauritian company requires examining each project separately.
749 13 may_2014
This document provides a summary of recent legal landmarks across various tax authorities in India. It lists 6 rulings covering topics such as:
1) The exemption on succession of a firm by a company was not allowed where partners received consideration in the form of loans instead of share capital.
2) Property occupied for business purposes but not utilized for running business would be taxed as per residential property income tax provisions.
3) Disallowance cannot be made for non-deduction of tax on payments to non-resident entities without a permanent establishment in India.
4) Reassessment was invalid where the matter was already subject to block assessment and outside the authority's jurisdiction.
5) Expenses on
811 24 july_2014
This document provides a summary of recent legal landmarks in 6 cases:
1. The ITAT ruled that if a taxpayer does not notify the department of an address change, a notice served on the old address cannot be quashed.
2. The ITAT ruled that interest must be paid on demands sustained in remand proceedings if the initial demand is not paid.
3. The ITAT ruled that projected profits of subsequent years cannot be considered when working out profits under the TNMM transfer pricing method.
4. The Patna HC ruled that an affidavit of gift from a spouse did not adequately explain the source of investments found in a search.
812 25 july_2014
This document provides a summary of recent legal landmarks in taxation. It lists 6 cases from various High Courts and appellate authorities across India. Each case listing includes the authority, relevant section/rule, ratio or key consideration from the case, case citation, and name of the assessee involved. The cases covered rulings on topics like interest income taxation, penalty for change in head of income, use of segmental reports for transfer pricing, stay of tax recovery, classification of rental income, and depreciation allowance.
Similar to 827 12 aug_2014 (20)
Recently uploaded
What are the common challenges faced by women lawyers working in the legal pr...
The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
The Work Permit for Self-Employed Persons in Italy
Learn more on how to obtain the work permit for self-employed persons in Italy at https://immigration-italy.com/selfemployment-work-permit-in-italy/.
San Remo Manual on International Law Applicable to Armed Conflict at Sea
Presentation by Justin Ordoyo
University of the Philippines College of Law
Search Warrants for NH Law Enforcement Officers
Training aid for law enforcement officers related to search warrants, the requirements needed, drafting, and execution of the search warrant.
The Future of Criminal Defense Lawyer in India.pdf
https://veteranlegal.in/defense-lawyer-in-india/ | Criminal defense Lawyer in India has always been a vital aspect of the country's legal system. As defenders of justice, criminal Defense Lawyer play a critical role in ensuring that individuals accused of crimes receive a fair trial and that their constitutional rights are protected. As India evolves socially, economically, and technologically, the role and future of criminal Defense Lawyer are also undergoing significant changes. This comprehensive blog explores the current landscape, challenges, technological advancements, and prospects for criminal Defense Lawyer in India.
Business Laws Sunita saha
Business law for the students of undergraduate level. The presentation contains the summary of all the chapters under the syllabus of State University, Contract Act, Sale of Goods Act, Negotiable Instrument Act, Partnership Act, Limited Liability Act, Consumer Protection Act.
Genocide in International Criminal Law.pptx
Excited to share insights from my recent presentation on genocide! 💡 In light of ongoing debates, it's crucial to delve into the nuances of this grave crime.
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
सुप्रीम कोर्ट ने यह भी माना था कि मजिस्ट्रेट का यह कर्तव्य है कि वह सुनिश्चित करे कि अधिकारी पीएमएलए के तहत निर्धारित प्रक्रिया के साथ-साथ संवैधानिक सुरक्षा उपायों का भी उचित रूप से पालन करें।
在线办理(SU毕业证书)美国雪城大学毕业证成绩单一模一样
学校原件一模一样【微信：741003700 】《(SU毕业证书)美国雪城大学毕业证成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence Lawyers
Discover how Mississauga criminal defence lawyers defend clients facing weapon offence charges with expert legal guidance and courtroom representation.
To know more visit: https://www.saini-law.com/
It's the Law: Recent Court and Administrative Decisions of Interest
2024 Idaho Water Users Association, Sun Valley, Idaho - June 11, 2024. Presented by Payton Hampton and Garrett Kitamura
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Human rights of LGBTQ people in India, constitutional and judicial approach
原版制作(PSU毕业证书)宾州州立大学公园分校毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(PSU毕业证书)宾州州立大学公园分校毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
快速办理(SCU毕业证书)澳洲南十字星大学毕业证文凭证书一模一样
学校原件一模一样【微信：741003700 】《(SCU毕业证书)澳洲南十字星大学毕业证文凭证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Lifting the Corporate Veil. Power Point Presentation
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
Matthew Professional CV experienced Government Liaison
As an experienced Government Liaison, I have demonstrated expertise in Corporate Governance. My skill set includes senior-level management in Contract Management, Legal Support, and Diplomatic Relations. I have also gained proficiency as a Corporate Liaison, utilizing my strong background in accounting, finance, and legal, with a Bachelor's degree (B.A.) from California State University. My Administrative Skills further strengthen my ability to contribute to the growth and success of any organization.
Incometax Compliance_PF_ ESI- June 2024
This document briefly explains the June compliance calendar 2024 with income tax returns, PF, ESI, and important due dates, forms to be filled out, periods, and who should file them?.
Recently uploaded (20)
What are the common challenges faced by women lawyers working in the legal pr...
What are the common challenges faced by women lawyers working in the legal pr...
The Work Permit for Self-Employed Persons in Italy
The Work Permit for Self-Employed Persons in Italy
San Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at Sea
The Future of Criminal Defense Lawyer in India.pdf
The Future of Criminal Defense Lawyer in India.pdf
fnaf lore.pptx ...................................
fnaf lore.pptx ...................................
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence Lawyers
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence Lawyers
It's the Law: Recent Court and Administrative Decisions of Interest
It's the Law: Recent Court and Administrative Decisions of Interest
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Lifting the Corporate Veil. Power Point Presentation
Lifting the Corporate Veil. Power Point Presentation
Matthew Professional CV experienced Government Liaison
Matthew Professional CV experienced Government Liaison
827 12 aug_2014
- 1. VOLUME NO.: LLAT/827 OF 2016-17 DATE: 12 August 2014 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Dear Client, We have pleasure in listing below some of the recent legal landmarks. SrNo Authority Section/Rules RATIO(S) Citation /Subject CASE(NAME OF ASSESSEE) 1.1 DEL ITAT 9 ITA Period of existence of independent project offices shall not be clubbed to determine PE in India 1.2 43TM002 DTAA Sumitomo Corporation 2.1 KOL HC 132 ITA Deputy director can issue notice u/s 131(1A) without disclosing his reason on suspecting concealed income 2.2 43TM057 S & S Sumermal Jain 3.1 GUJ HC 56 ITA Income from hoardings earned by Municipal Corporation is taxable 3.2 43TM099 Busi. Inc Rajkot Municipal Corporation 4.1 DEL HC 37 ITA MODVAT Credit are allowable exp. if it remained unutilized due to payment of excise and custom duty 4.2 43TM104 Busi. Exp Samtel India Ltd 5.1 MAD HC 12AA ITA Commencement of charitable activities not a pre-condition to grant registration to trust. 5.2 43TM142 Ch.Trust Seervi Samaj Tambaram Trust 6.1 GUJ HC 28(i) ITA Premium paid by bank for acquisition of G-Secs to maintain its SLR to be amortized over period of maturity 6.2 43TM161 Cap. Receipts Rajkot Dist. Co-op Bank Ltd