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S. 145: Books of account cannot be rejected on an arbitrary basis
Samwon Precision Mould Mfg. (India) P. Ltd. vs. ITO
(2016) TaxCorp(LJ) 10092 (ITAT-DELHI) · Section 145
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Section 68- Cash Credit
Hitender Pal Singh vs. ITO
(2016) TaxCorp(LJ) 10064 (ITAT-DELHI) · Section 68
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Whether subsequent decision of High Court reversing the view of the ITAT constitute mistake apparent from record
Green Meadows Pvt Ltd vs. ITO
(2016) TaxCorp(LJ) 10063 (ITAT-DELHI)
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S. 271(1)(c): No penalty leviable on bonafide human error committed while filing return of income
B. L. International vs. ACIT
(2016) TaxCorp(LJ) 10062 (ITAT-DELHI) · Section 271(1)(c)
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ITAT - CUP is preferred over entity-TNMM for royalty benchmarking.
JCB India Ltd. Vs. DCIT
(2016) TaxCorp(LJ) 10056 (ITAT-DELHI) · Section. 37
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Reopening u/s 147 without application of mind is not valid
Suresh M Bajaj vs. ITO
(2016) TaxCorp(LJ) 10043 (ITAT-DELHI) · Section 147
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ITAT - Amount received by a Singaporean company from its AE was in the nature of discounting charges and not interest u/s 2(28A).
Cargill Financial Services Asia Pte Ltd. Vs. Asstt. Director of Income-tax
(2016) TaxCorp(LJ) 10022 (ITAT-DELHI)
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ITAT - Inter-connect Usage Charges by Bharti to Foreign Telecom Operators neither 'royalty' nor 'FTS' u/s 9(1)(vi)/(vii). Sec 195 TDS not applicable.
Bharti Airtel Limited vs. ITO
(2016) TaxCorp(LJ) 10020 (ITAT-DELHI) · Section. 9
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ITAT - Software sale by an India branch of a UK company to Indian customers is business receipts and not royalty under Article 13 of India-UK DTAA.
Datamine International Ltd. vs. ADIT
(2016) TaxCorp(LJ) 10015 (ITAT-DELHI) · Section. 9
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ITAT - Contract revenue to a Norwegian company on account of crew provision services on leased vessel is taxable in India.
Siem Offshore Crewing AS Vs ADIT
(2016) TaxCorp(LJ) 10013 (ITAT-DELHI) · Section 44BB
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S. 9/ 44BB: Income received by a non-resident under a time charter agreement accrues and arises in india even when the vessel and crew are outside the territorial waters of India. Such income is assessable on a presumptive basis u/s 44BB
Siem Offshore Crewing AS vs. ADIT
(2016) TaxCorp(LJ) 10010 (ITAT-DELHI) · Sections 9, 44BB
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ITAT - Foreign tax credit allowable to assessee in respect of dividend received from its JV company in Oman.
Krishak Bharati Cooperative Ltd. vs. ACIT
(2016) TaxCorp(LJ) 9999 (ITAT-DELHI)
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ITAT - 5 tests for determining business connection viz 1) Continuity 2) Real and intimate connection 3) Attribution of income 4)Common Control and 5) Professional connection.
DCIT vs. Vertex Customer Management Ltd
(2016) TaxCorp(LJ) 9997 (ITAT-DELHI)
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ITAT - Mutuality concept applicable to surplus generated out of contributions received by assessee- condominium (a resident welfare association) from tenants.
Beverlly Park-1, Condominium vs. ACIT
(2016) TaxCorp(LJ) 9996 (ITAT-DELHI)
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ITAT - Deduction u/s 24(b) is available for interest paid on funds borrowed and used for purchasing land on which construction was undertaken by a developer.
Mrs. Samiksha Mahajan, Mrs. Anita Rani Vs. Assistant Commissioner of Income
(2016) TaxCorp(LJ) 9985 (ITAT-DELHI) · Section. 24(b)
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ITAT - TDS u/s 194J applicable on amount paid to TV channels by DTH/Cable operator for acquiring right to distribute contents.
Dish TV India Ltd. vs. ACIT
(2016) TaxCorp(LJ) 9981 (ITAT-DELHI) · Section. 194J
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ITAT - Liaison office of a Japanese company cannot be regarded as fixed place PE in India.
Kawasaki Heavy Industries Ltd. vs. ACIT
(2016) TaxCorp(LJ) 9939 (ITAT-DELHI)
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ITAT - Income derived by assessee (a US entity) from construction project should be taxed as business income, not FTS.
DDIT. vs. MSV International Inc
(2016) TaxCorp(LJ) 9938 (ITAT-DELHI)
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A Power of Attorney executed by the Head Office in favour of the Liaison Office in India does not create a Permanent Establishment if the powers are specific to the liaison office and are not unfettered powers to enable to Liaison Office to act on behalf of the enterprise
Kawasaki Heavy Industries Ltd vs. ACIT
(2016) TaxCorp(LJ) 9932 (ITAT-DELHI)
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S. 80IC: 100% deduction allowed on every substantial expansion
M/s Tirupati LPG Industries Ltd. vs. JCIT
(2016) TaxCorp(LJ) 9902 (ITAT-DELHI) · Section. 80IC
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