Saturday, January 19, 2013

[aaykarbhavan] Fw: Pre-Print Highlights of ITR(Trib) from CLI




----- Forwarded Message -----
From: "info@cliofindia.com" <info@cliofindia.com>
To: newsletter@cli.in
Sent: Saturday, 19 January 2013 7:03 AM
Subject: Pre-Print Highlights of ITR(Trib) from CLI

CLI
www.cliofindia.com
info@cliofindia.com

ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS


ISSUE DATED 21-1-2013

Volume 21 Part 3


SUPREME COURT
HIGH COURTS
ENGLISH CASES
CLB
SAT
DRAT
STATUTES
NEWS-BRIEF
AAR


APPELLATE TRIBUNAL ORDERS


F Non-resident : Where property in ships "not effectively connected" with PE in India, profits not assessable in India : ADIT (International Taxation) v. Mediterranean Shipping Co. S.A. (Mumbai) p. 300

F Income : Interest earned from overseas branches chargeable : ADIT (International Taxation) v. Credit Agricole Indosuez (Mumbai) p. 345

F Interest paid in respect of broken period to be set off against interest received in respect of broken period : ADIT (International Taxation) v. Credit Agricole Indosuez (Mumbai) p. 345

F Interest on foreign currency loans allowable on gross interest and not on net interest : ADIT (International Taxation) v. Credit Agricole Indosuez (Mumbai) p. 345

F Interest paid by Indian PE to overseas head office or branches not allowable as deduction : ADIT (International Taxation) v. Credit Agricole Indosuez (Mumbai) p. 345

F Profit from unmatured forward exchange contract taxable : ADIT v. Credit Lyonnais (Mumbai) p. 359

F Where charitable object of trust not changed, cancellation of registration not proper : Krupanidhi Educational Trust v. DIT (Exemption) (Bangalore) p. 373

F Where failure by assessee to provide any evidence on foreign tour expenses of accompanying spouse of directors, expenditure disallowable : Harinagar Sugar Mills Ltd. v. Asst. CIT (Mumbai) p. 383

F Tribunal has no power to review : Smt. V. Kumuda v. Dy. CIT (Hyderabad) p. 396

F Interest on refund of TDS taxable under article 11(2) of DTAA (USA) : Bechtel International Inc. v. Asst. DIT (Mumbai) p. 404

F Club expenses allowable for business expenditure : Jindal Iron and Steel Co. Ltd. v. Dy. CIT (Mumbai) p. 414

F Where ICDs part of business of assessee, loss on investment deductible : Jindal Iron and Steel Co. Ltd. v. Dy. CIT (Mumbai) p. 414


JOURNAL


F Life Centenary Celebrations of Sri K. Sadagopachari-Justice Sri S. Ranganathan, Supreme Court of India (Retd.) p. 1


COMPANY LAW INSTITUTE OF INDIA PVT. LTD.
No. 2, Vaithyaram Street,
T.Nagar, Chennai - 600017.
Phone: (044) 24350752 - 55
Fax: (044) 24322015
info@cliofindia.com
To Unsubscribe : Reply back with "Unsubscribe" in subject followed by the key word "ITR" or "CC" or "VST" or "CCD" or "GSTR" or "ITR (Trib)", respectively or "All" if you do not want any Email. ITR : Income Tax Reports, CC : Company Cases, VST : VAT and Service Tax Cases, CCD : Consolidated Commercial Digest, GSTR : Goods and Service Tax Reports, ITR (Trib) : ITR'S Tribunal Tax Reports. Also send your feedback or comments to info@cliofindia.com




__._,_.___


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___

No comments:

Post a Comment