Legal landmark 514
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This document provides a summary of recent legal landmarks in 6 sections. Each section includes the authority and section/rules cited, a brief summary of the legal ratio, and a reference to a relevant case. The summaries address topics such as the deductibility of interest on loans to subsidiaries, the tax treatment of gains from land sales, interest payments on tax refunds, the taxability of share sale profits, and the tax implications of violations of company ownership provisions. The document is from a legal consulting firm and offers further information on these cases.
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This document provides a summary of recent legal landmarks related to taxation. It includes 6 sections that each list a legal authority, relevant section or rule, and a brief summary of the ratio or key point of the cited case. The cases cover topics such as royalty payments, capital gains tax, deductible expenses, transfer pricing regulations, and depreciation of intangible assets. The client is thanked and assured of the company's best services.
Legal landmark 534
This document provides a summary of recent legal landmarks or case rulings across various sections of the Indian Income Tax Act. It lists 6 key rulings related to sections 14A, 28, 80IB, 80IA, 194J and 32. For each ruling, it provides the section/rules cited, a brief description of the ratio or legal principle established, and a reference to the case name and TIOL citation. The document was sent by Anand Mehta & Co. consultants to a client, informing them of these updates and offering further information if required.
LL 468
This document provides a summary of recent legal landmarks in India. It lists 6 key legal cases with details such as the authority, sections or rules involved, and a brief description of the ratio or ruling. The cases cover topics around capital gains tax, reassessment, tax deducted at source, investment advisory fees, and penalties under sales tax law. The letter is from a consulting firm informing a client about these recent legal updates and offers to provide more information if needed.
Legal landmark 535
The document lists recent legal landmarks from various authorities like the Mumbai Tribunal, Karnataka High Court, Madras ITAT, Kolkata ITAT, and Karanataka High Court. It summarizes key cases related to taxation issues like the treatment of fees received for delivering lectures, interest calculation on tax refunds, selection of comparables for transfer pricing analysis, deduction of commission fees paid to foreign agents, applicability of TDS on payments to sub-contractors, and eligibility for deduction under Section 80IB(10) of the Income Tax Act. The document was sent by Anand Mehta & Co. consultants to inform the client about these legal updates.
Legal landmark 521
This document provides a summary of recent legal landmarks related to taxation in India. It lists 6 cases covering topics like TDS obligations, undisclosed income estimation, capital gains valuation, penalty for late surrender of income, separate legal status of companies, and classification of income from a market complex. For each case, it provides the section/rules addressed, key legal ratios decided, and case name. The director of the consulting firm providing this summary offers to provide any further details needed on these cases.
LL 464
This document provides a summary of recent legal landmarks in India. It lists 6 cases from various courts including the Delhi High Court and Income Tax Appellate Tribunal. Each case listing provides the section/rules involved, a brief description of the ratio or legal principle of the case, and case name. The document was sent by Anand Mehta & Co. consultants to provide a client with information on recent taxation and legal updates.
LL 452
This document provides a summary of recent legal landmarks in India. It lists 8 cases from various High Courts and Income Tax Appellate Tribunals across India. Each case provides the section or rule of law, a brief description of the ratio or key legal principle established, and the name of the assessed party. The document was sent by Anand Mehta & Co. consultants to provide a client with an update on recent taxation case law developments.
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Legal landmark 538
This document provides a summary of recent legal landmarks related to taxation. It lists 6 cases with details about the section/rules and key ratios involved. The cases cover topics such as capitalization of expenditures, allowability of software expenses, artificial capital losses between sister concerns, taxability of income without a permanent establishment, concealment penalties, and Section 80-IA benefits. The document was sent by Anand Mehta & Co. consultants to inform the client of these legal updates in taxation.
Legal landmark 537
This document provides a summary of recent legal landmarks and rulings on taxation issues in India. It lists 6 key cases or rulings (numbered 1 through 6) from various authorities such as the Delhi High Court, Mumbai High Court, Authority for Advance Rulings, and Income Tax Appellate Tribunals. Each key ruling includes the section or rule of law, a brief summary of the ratio or legal principle, and a reference to the case name. The document was sent by Anand Mehta & Co. consultants to inform the client of these recent taxation rulings and offer additional information if required.
Legal landmark 536
This document provides a summary of recent legal landmarks and rulings on taxation issues in India. It lists 6 key cases by court or tribunal, relevant section/rules, and a brief summary of the ratio or key ruling. The cases cover issues like service tax registration requirements, tax treatment of fees paid abroad, and whether certain payments qualify as royalties or technical fees. The letter is from a consulting firm providing this legal update to a client.
Legal landmark 533
This document provides a summary of recent legal landmarks in India. It lists 6 cases from various High Courts and Income Tax Appellate Tribunals related to sections of the Income Tax Act such as 54F, 11, 40(a)(ia), 148, 32, and 163. Each case listing provides the section/rule addressed, key ratio or ruling, and case name. The document was sent by Anand Mehta & Co. consultants to provide a client with information on these legal rulings.
Legal landmark 532
This document provides a summary of recent legal landmarks in 6 sections. Each section includes the authority citation, relevant section or rule, a brief summary of the legal ratio, and a reference case. Key ratios summarized include: the limitation period for assessment in search cases runs from the conclusion of the search, not a later date; capital gains tax applies to property transferred to a partner upon firm dissolution; and income from share transactions held for less than 12 months is considered short-term capital gains. The document is from a legal consultancy firm and offers additional information on the cases.
Legal landmark 531
This document provides a summary of recent legal landmarks in 6 areas:
1) When foreign personnel work on projects in India, they can be considered employees of the foreign company.
2) For tax reassessment, it is sufficient if income was missed, but failure to disclose facts must be proven for proviso cases.
3) Reassessment cannot be initiated if amalgamation dates match scheme dates.
4) Transfer pricing adjustments must be made if transactions are not at arm's length, regardless of other provisions.
5) Provisions at expense date, not payment date, apply to section 40A(3) disallowances.
6) Infrastructure firms can claim business expenses once able to deliver facilities, not
Legal landmark 525
This document lists recent legal landmarks from court rulings and tribunal cases. It includes 6 cases covering topics like deemed dividend, royalty payments for software use, claiming bad debt deductions, rejection of speculative loss set-off penalties, rights of third members in tribunals, and taxation of capital gains from land sale. Contact details are provided for the law firm compiling the document if more information is needed on the cases.
Legal landmark 520
This document lists recent legal landmarks from various authorities and courts related to taxation. It includes 6 sections that each contain a citation to an authority, the relevant section or rule, a brief description of the ratio or reasoning of a case, and the name of the assessed party. The letter provides this information to a client and offers to provide further details on the legal landmarks. It is signed by the director of Anand Mehta & Co., Consultants Pvt. Ltd.
Legal landmark 518
This document lists recent legal landmarks from various authorities and courts related to taxation. It provides the section or rules and a brief summary of the ratio or key point of each case cited. Cases cover topics like deductibility of penalties, treatment of corpus funds, deemed consideration, tax deductions on credit balances, profit from sale of business assets, and treatment of unclaimed dividends. The client is thanked and assured of best services.
Legal landmark 517
The document is a letter from Anand Mehta & Co. consultants listing recent legal landmarks related to taxation. It provides 6 main points each with a citation from a legal authority and court case. For each point it lists the section or rule and a brief description of the legal ratio or principle from the cited case. The letter offers to provide more information on the legal rulings and assures the client of their best services.
Legal landmark 515
This document lists recent legal landmarks in India, summarizing key cases. It includes 6 sections each with a citation from the Delhi Tribunal, Authority, section/rules discussed, and key ratio(s) or legal principle(s) established. Each legal landmark includes the name of the relevant case. The letter thanks the client for their business and assures best services.
Legal landmark 514
This document provides a summary of recent legal landmarks in 6 sections. Each section includes the authority and section/rules cited, a brief summary of the legal ratio, and a reference to a relevant case. The summaries address topics including the deductibility of interest on loans to subsidiaries, the tax treatment of gains from land sales, interest owed on tax refunds, the taxability of share sale profits, and the tax implications of violations of company ownership provisions. The director of Anand Mehta & Co. provides this summary and offers to provide any additional information needed.
Legal landmark 513
This document provides a summary of recent legal landmarks in 6 areas of tax law. For each area, it lists the authority, section or rule, a brief summary of the ratio or legal principle, and a citation for a relevant case. The summaries are intended to help keep the client informed of important legal developments. The document was sent by Anand Mehta & Co. consultants to update the client on these rulings.
Legal landmark 512
This document provides a summary of recent legal landmarks in 6 areas of tax law:
1. The Delhi High Court ruled that interest income and transportation charges do not qualify for tax deductions.
2. The Ahmedabad ITAT ruled that if the main purpose of an asset transfer was to claim excess depreciation and reduce taxes, the AO can apply an explanation to section 43(1) to substitute the actual cost.
3. The Kerala High Court ruled that if undisclosed income assessed is more than declared, the assessee is not entitled to penalty immunity.
4. The Kolkata ITAT ruled commissions paid to agents for exports should not be disallowed if kickbacks were used without the as
Legal landmark 511
This document provides a summary of recent legal landmarks in India. It lists 6 key cases or rulings from various authorities like the Hyderabad ITAT, Karnataka High Court, Kolkata ITAT, etc. For each case, it provides the section/rules involved, a brief description of the ratio or legal principle established, and the name of the relevant party. The document was sent by Anand Mehta & Co. consultants to inform a client about important legal updates over the past year.
Legal landmark 510
This document provides a summary of recent legal landmarks in India. It lists 6 cases from various High Courts and Income Tax Appellate Tribunals related to sections of the Income Tax Act of India including sections 9, 21, 43B, 147, 260A, and 2(14). For each case, it provides the section/rules addressed, a brief description of the ratio or legal principle, and case name. It was sent by Anand Mehta & Co. consultants to keep the client informed of updates in tax law.
Legal landmark 509
This document provides a summary of recent legal landmarks related to taxation. It lists 6 cases from various High Courts in India related to sections of the Income Tax Act of 1961. For each case, it provides the section/rules addressed, a brief summary of the ratio or legal principle of the case, and the name of the assessed party. The document was sent by Anand Mehta & Co. consultants to inform a client of these recent taxation rulings.
Legal landmark 508
This document provides a summary of recent legal landmarks in 6 points relating to various sections of the Income Tax Act of India. Each point includes the section or rule cited, a brief description of the ratio or legal principle established by the case, and a reference to the relevant case name. The document was sent by Anand Mehta & Co consultants to inform the client of updates in tax law and assure their best services.
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Legal landmark 514
- 1. VOLUME NO.: LLAT/ 514 OF 2012-13 DATE: 30th June, 2012 Dear Client, We have pleasure in listing below some of the recent legal landmarks. SR. AUTHORITY SECTION / RULES RATIO(S) NO. CITATIONS / SUBJECT CASE(NAME OF ASSESSEE) 1.1 DEL HC I 195, ITA If a holding company advances borrowed money to a subsidiary and the same is used by the subsidiary for some business purposes, the 'A' would be entitled to deduction of interest on its borrowed loans. 1.2 2012-TII-25 Busi. Inc Telsuo Mitera 2.1 BANG ITAT 147, ITA When the 'A' handed over the possession of the land to the developer and the developer changed after some work on the same, the gain arising on sale of the land will be taxable in the year of original agreement entered with the developer as the subsequent agreement will be treated only as a supplement agreement and cannot change the date of sale. 2.2 12-TIOL-279 Assessment Smt Prameela Krishna 3.1 DEL ITAT 17, ITA The land which was sold as per an agreement entered before the AY under consideration at a pre determined rate and the revenue had accepted the arrangement under the income tax proceedings in the case of buyer and seller, it cannot take a contrary view that the land was wrongly not included in the wealth tax of the seller and the agreement was a self serving agreement to save tax on wealth and wrongly valued at a rate other than the agreed rate though it was a contractual price and the 'A' was under an obligation to transfer the same at such price. 3.2 12-TIOL-280 Busi.Inc Nachiketa Real Estates (P) Ltd 4.1 MUM ITAT 244A, ITA Interest on interest is payable by the Revenue on the refund of interest due to the 'A', which remained unpaid following the CIT(A) order. 4.2 12-TIOL-282 Interest M/s The Development Bank Of Singapore Ltd 5.1 DEL ITAT 72 , ITA Income from the sale of shares is taxable as STCG when the transactions are delivery based and 'A' has not claimed the available STT credit. 5.2 12-TIOL-288 Sp. Provision Shri Ved Kapoor 6.1 DEL HC 47, ITA As per S 49 of the Companies Act, all investments of the company are to be held in the name of the company itself. In case it is held in the name of the nominees, the company is under obligation to file a declaration in the prescribed form in view of S 187C of the Companies Act. The violation of these provision and penalty thereof is one aspect. But, the effect of the said violation has to be examined and considered by the Income-Tax Authorities. It has to be also examined and considered by Revenue Authorities whether violation of the said provisions would prevent and bar the respondent 'A' from claiming that it was wholly owned subsidiary and the recorded shareholders were mere nominees and that accordingly it was eligible for exemption u/s 47 of Income tax Act 6.2 22 TM 12 Exemption Sunaero Limited Please let us know if you need any further information on these. Thanking you and assuring you of our best services at all times. Yours Faithfully, For Anand Mehta & Co ., (CONSULTANTS) PVT. LTD. Anand V. Mehta DIRECTOR A mind of a consultant with a heart of a friend. Mumbai Office- 334, Mulratna 1st Floor Narshi Natha Street Masjid (W) Mumbai 40009 Tel -022- 23400882 • Fax-022-23420195 • E-mail: amcon.mumbai@amcount.com Pune Office –B/5 Shardaram Park, 34, Sasson Road, Near Jehangir Hospital, Pune - 411 001 Tel-020 6401 3124 • Fax 020- 30521223•E-mail: amcon.pune@amcount.com Gram-MATERPLAN <--> MASTERPLAY Website:www.amcount.com