ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS
F Refund : Interest payable from date of payment of tax on self-assessment to date of refund of amount : Abhishekh Cotspin Mills Ltd. v. Asst. CIT (Pune) p. 293 (12-6-2015)
F Assessee not liable to pay interest on returned income when assessed income below returned income : Abhishekh Cotspin Mills Ltd. v. Asst. CIT (Pune) p. 293
F International transactions : Where failure by assessee to bring material indicating advertising, marketing and promotion functions performed by it and comparables, matter remanded : Toshiba India P. Ltd. v. Deputy CIT (Delhi) p. 300 (25-5-2015)
F Special additional duty paid in relation to obsolete goods cannot be claimed as deduction : Toshiba India P. Ltd. v. Deputy CIT (Delhi) p. 300
F Where circumstances under which assessee disallowing claim and thereafter claiming deduction not clear, Assessing Officer to examine matter : Toshiba India P. Ltd. v. Deputy CIT (Delhi) p. 300
F Commissioner justified in exercising revisional jurisdiction u/s. 263 on failure by Assessing Officer to examine issues relating to accumulation of income : Willingdon Charitable Trust v. DIT (Exemptions) (Chennai) p. 317 (15-5-2015)
F Where income from marriage halls subject-matter of appeal before Commissioner (Appeals), revision u/s. 263 not permissible : Willingdon Charitable Trust v. DIT (Exemptions) (Chennai) p. 317
F Where order erroneous and prejudicial to interests of Revenue, revision u/s. 263 proper : Willingdon Charitable Trust v. DIT (Exemptions) (Chennai) p. 317
F Failure by Assessing Officer to examine issue relating to accumulation of income, revision u/s. 263 proper : Willingdon Charitable Trust v. DIT (Exemptions) (Chennai) p. 317
F Where no incriminating material found during search, levy of penalty on basis of statement under section 132(4) not sustainable : Financial Technologies (I) Ltd. v. Asst. CIT (Mumbai) p. 330
F Arranging of loan not lending of managerial services or provision of consulting services, not taxable u/s. 9(1)(vii) : Idea Cellular Ltd. v. Asst. DIT (International Taxation) (Mumbai) p. 338 (10-6-2015)
F Order of Commissioner (Appeals) confirming addition justified on failure by assessee to disclose source of excess stock with corroborative evidence : Radhakrishna Gold Jewellary P. Ltd. v. Joint CIT (OSD) (Ahd) p. 349 (26-5-2015)
F Where failure by authority to point out discrepancies and give opportunity to file application to admit fresh evidence, matter remanded : SECOVA e Services P. Ltd. v. Deputy CIT (Chennai) p. 357 (22-5-2015)
F Principle of consistency applicable where payment treated as professional fees in earlier assessment years, tax to be deducted u/s. 194J : Deputy CIT v. Artemis Medicare Service Ltd. (Delhi) p. 361 (15-5-2015)
F Where assessee incurring no expenses for delivery of computer software outside India and assessee excluding 10 per cent. of telecommunication expenses from export turnover, no warrant for excluding higher sum : Deputy CIT v. WS Atkins India P. Ltd. (Bang) p. 397 (8-5-2015)
F Expenses excluded from export turnover to be excluded from total turnover : Deputy CIT v. WS Atkins India P. Ltd. (Bang) p. 397
F Purchase of software for utilisation of computers not purchase of royalty, deduction of tax at source not required, depreciation allowable : Deputy CIT v. WS Atkins India P. Ltd. (Bang) p. 397
F Instruction No. 5 of 2014 revising monetary limits for appeals by Department applicable to pending cases : ITO v. Chemex India P. Ltd. (Delhi) p. 403
F Where assessee offering additional receipts in revised return against housing project undertaken during previous year, assessee entitled to deduction : ITO v. Gajraj Constructions (Pune) p. 425
| 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 "ITR (Trib)" or "GSTR", respectively or "All" if you do not want any Email. ITR : Income Tax Reports, CC : Company Cases, VST : VAT and Service Tax Cases, GSTR : Goods and Service Tax Reports, ITR (Trib) : ITR'S Tribunal Tax Reports. Also send your feedback or comments to info@cliofindia.com
__._,_.___
No comments:
Post a Comment