| www.cliofindia.com info@cliofindia.com ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS APPELLATE TRIBUNAL ORDERS | F Where determination of ALP, doubtful debts and doubtful advances not to be considered as normal and direct operating expenses, not be taken into account in comparability analysis : Telcordia Technologies India P. Ltd. v. Asst. CIT (Mumbai) p. 364 F UPS used for various kinds of office equipment and plant and machinery, depreciation allowable at 15 per cent : Telcordia Technologies India P. Ltd. v. Asst. CIT (Mumbai) p. 364 F Where Government body providing services to entrepreneurs for fees depending upon size of investment in projects, not charitable under amendment of section 2(15) w.e.f. 1-4-2009 : Tamil Nadu Industrial Guidance and Export Promotion Bureau v. Asst. DIT (Exemptions) (Chennai) p. 385 F Where liabilities of sundry creditors and ad hoc expenses are petty and Officer did not doubt their incurrence, deletion of addition by CIT (Appeals) proper : ITO v. MGB Transport (Kolkata) p. 391 F Where assessee engaged in processing of tea not included u/s. 80-IA(2)(iii), not entitled to special deduction : Dy. CIT v. Sunrise Tea Processing P. Ltd. (Pune) p. 398 F Where objects of co-operative society not allowing acceptance of deposits from public for lending or investment, deduction allowable u/s. 80P(2)(a)(i) : Asst. CIT v. Buldana Urban Co-operative Credit Society Ltd. (Nagpur) p. 411 F Where assessee was engaged in non-banking activities, income from locker rent not deductible : Asst. CIT v. Buldana Urban Co-operative Credit Society Ltd. (Nagpur) p. 411 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 |
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