On Wednesday, 6 November 2013 5:08 PM, "info@cliofindia.com" <info@cliofindia.com> wrote:
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INCOME TAX REPORTS (ITR) HIGHLIGHTS
F Power of court to consider questions other than those framed not affected : CIT v. Mastek Ltd. p. 252
F Aggregate of instalments of advance tax or tax deduction at source exceeding assessed tax : Interest on refund only as provided for in statute : CIT v. Gujarat Fluoro Chemicals p. 291
F Entitlement to make duty free imports of raw materials obtained through advance licences had duty entitlement pass book issued against export obligations : Income accrues in year of duty free import of raw material and not in year of export : CIT v. Excel Industries Ltd. p. 295
F Trial court ordering part of seized amount to be handed over to accused, as interim custody, with a stringent condition : Order not prejudicial to Income-tax Department : Asst. Director of I. T. (Investigation) v. A. Khader Mohideen (Mad) p. 163
F Service charges received from Heavy Water Board were profits and gains derived from industrial undertaking and were eligible for deduction under section 80-I : Krishak Bharti Co-operative Ltd. v. Deputy CIT (Delhi) p. 168
F Assessee allotted land by statutory authority : Price payable in instalments along with interest : Interest not deductible under section 36 and 37 : CIT v. Career Launcher India Ltd. (Delhi) p. 179
F Bonus paid to director deductible under section 36(1)(ii) : CIT v. Career Launcher India Ltd. (Delhi) p. 179
F Assessee running coaching classes for competitive exams : No TDS on payments to franchisees : CIT v. Career Launcher India Ltd. (Delhi) p. 179
F Non-compete fee paid for a limited time deductible under section 37 : CIT v. Career Launcher India Ltd. (Delhi) p. 179
F Tribunal finding expo9rts genuine on facts and deleting addition : Finding of fact : CIT v. M. S. International Ltd. (Delhi) p. 203
F Assessee undertaking procurement and marketing of milk and milk products through concessionaires : Difference between maximum retail price fixed by assessee and price concessionaire paid to assessee not commission : CIT v. Mother Dairy India Ltd. (Delhi) p. 218
F Revision of order valid where no disallowance of expenditure under section 14A : CIT v. RKBK Fiscal Services P. Ltd. (Cal) p. 228
F Part of interest cannot be withdrawn in rectification proceedings : CIT v. Nathpa Jhakri Joint Venture (Bom) p. 233
F No TDS for payment under agreement for landing and parking of aircrafat : CIT v. Singapore Airlines Ltd. (Mad) p. 237
F Disallowance of part of commission paid to son of partner justified : S. M. Haq v. CIT (All) p. 246
F Plant to collect particular amount of revenue in a specified period not a ground for reduction of period : Gujarat State Energy Generation Ltd. v. Asst. CIT (Guj) p. 254
F Copyrighted article not included in definition of royalty, under DTAA : Director of I. T. v. Nokia Networks OY (Delhi) p. 259
F C. B. D. T. Circulars/Order :
Income-tax Act, 1961 :
Order under section 119 : Due date for reports of audit and returns . . . 22
Circular No. 8 of 2013, dated 10th October, 2013-Income-tax deduction from salaries during the financial year 2013-14 under section 192 of the Income-tax Act, 1961 . . . 23
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