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Whether if any disallowance is wrranted the remedy lies with the CIT u/s 263
PURNIMA DUTTA. Vs. ITO
(2014) TaxCorp(LJ) 4134 (ITAT-KOLKATA) · Income Tax - Sections 40(a)(ia), 41(1), 143(3), 147, 148, 195, 263
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Whether services rendered by a non-resident agent for facilitating the export of assessee, can be treated as "fees for technical services"
CIT. Vs. KIKANI EXPORTS PVT LTD.
(2014) TaxCorp(LJ) 4133 (HC-MADRAS) · Income tax - Sections 9, 9(1)(i), 143(3), 195, 263
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Whether when the agreement was not entered into nor service was made nor payment was received in India, even then disallowance u/s 40(a)(i) can be made
DCIT. Vs. EL FORGE LTD.
(2014) TaxCorp(LJ) 4132 (ITAT-CHENNAI) · Income tax - Sections 9, 40(a)(i), 195(2), 201
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Whether when the non-resident assessee fails to furnish all the agreements relating to offshore equipment supply and supervisory contract, the AO cannot be expected to make an objective assessment
SHANGHAI ELECTRIC GROUP COMPANY LTD. Vs. DDIT
(2014) TaxCorp(LJ) 4131 (ITAT-DELHI) · Income tax - Sections 28, 44BBB
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The case was selected for Scrutiny and the AO assessed income at Rs. 16,89,06,810/- under section 143(3) read with section 144C(1). Assessee filed objections before the DRP which dismissed the same.
ENSCO MARITIME LTD. Vs. ADIT
(2014) TaxCorp(LJ) 4130 (ITAT-DELHI) · Income tax - Sections 44AB, 44BB(1), 142(1), 143(2), (3), 144C(13)
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Whether the assessee will be eligible for deduction u/s 54EC, when investment made, in the relavant AY was not within six months from handing over of the possession to the developer by virtue of joint development agreement
S R MADHAVAN (HUF). Vs. ITO
(2014) TaxCorp(LJ) 4129 (ITAT-BANGALORE) · Income Tax - Sections 54, 54EC, 148
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Whether when the DRP has failed to consider all the necssary documents furnished by the assessee, it amounts to violation of natural justice
BOMBARDIER TRANSPORTATION INDIA LTD. Vs. ACIT
(2014) TaxCorp(LJ) 4128 (ITAT-DELHI) · Income Tax - Sections 92CA(2), 92D (3), 143(3), 144C
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Whether any TDS obligation arises out of such payments remitted by the assessee
ACIT. Vs. BHAVANI ENTERPRISES
(2014) TaxCorp(LJ) 4127 (ITAT-PANAJI) · Income tax - Sections 2(28A), 5(2)(b), 9(1)(v), 40(a)(i), 195(1)
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Whether when the TPO's recommendation to initiate penalty u/s 271 was not affirmative action, AO is not right in levying penalty
CIT. Vs. BUMI HIWAY (I) PVT LTD.
(2014) TaxCorp(LJ) 4126 (HC-DELHI) · Income tax - Sections 92CA(3), 92D, 271G
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Whether when the expatriate technicians on deputation to India paid advance tax and self-assessment tax on salary received from the assessee's Project Office in India, the assessee is liable to interest u/s 201(A) for its failure to deduct tax at source on same sum
CIT. Vs. BABCOCK POWER (OVERSEAS PROJECTS) LTD.
(2014) TaxCorp(LJ) 4125 (HC-DELHI) · Income tax - Sections 10(6), 201(1A), 192
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Whether interest income derived from the business activity of the eligible unit can be considered for computation of deduction u/s 10B
TRICOM INDIA LTD. Vs. ITO
(2014) TaxCorp(LJ) 4124 (ITAT-MUMBAI) · Income Tax - Sections 8(3), 1OB, 80G, 92C, 234B, 234C
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ITAT- No TDS u/s 194C on discharging excise duty liability of job workers
VST INDUSTRIES Vs ADDL CIT
(2014) TaxCorp(LJ) 4123 (ITAT-HYDERABAD)
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Whether a sum paid towards compensation on account of personal injury caused by fraud and breach of trust is to be treated as capital receipt and the same is beyond the purview of charging section of the I-T Act in India
ITO. Vs. VINAY P KARVE
(2014) TaxCorp(LJ) 4122 (ITAT-MUMBAI) · Income Tax - NRI - Sections 56, 131, 133A, 143(3), 234B
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Whether when passport lost by the assessee is already renewed by State "A" on which passport the assessee was travelling in State "B" on that date during his stay in State "B", the obligation to correspond with the State "A" can be said to have been discharged
ACIT. Vs SUDHIR SAREEN
(2014) TaxCorp(LJ) 4121 (ITAT-DELHI) · Income tax - Sections 2(30), 5(2), 6, 139, 142(1), 143(1) & (2)
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Whether, for the purpose of TP adjustment, when the assessee is a small-size company, selection of giant comparables with huge turnover will certainly not be appropriate
CASH EDGE INDIA PVT LTD. Vs. ITO
(2014) TaxCorp(LJ) 4120 (ITAT-DELHI) · Income tax - Sections 143(3), 144C
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Whether when assessee, a distributor of its AE's broadcast services, incurs AMP expenses in relation to a cricket match held outside India, TP adjustment is required to be made only for a part of expenses incurred for brand building of the AE and the part to be allowed as business expenditure u/s 37
TAJ TELEVSISION INDIA PVT LTD. Vs. DCIT
(2014) TaxCorp(LJ) 4119 (ITAT-MUMBAI) · Income tax - Sections 37, 92B, 92C(3), 92CA, 143(3), 144C(5)
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Whether TDS obligation arises even after CBDT has granted tax exemption certificate to the assessee on ECB interest payments u/s 10(15)(iv)(c)
ACIT. Vs. M/s ESSAR STEEL LTD.
(2014) TaxCorp(LJ) 4118 (ITAT-MUMBAI) · Income Tax – Sections 10(15)(iv)(c), 10(15)(iv)(c), 40(a)(i), 92CA(3), 143(3)
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Whether when the assessee accepts the TP adjustments made by the Revenue to buy peace with the Department and accordingly, revises its returns for several AYs, revisionary powers u/s 263 can be invoked when the CIT himself was a party to the agreement with the assessee for revising the returns and paying taxes as per the TP Adjustments
CIT. Vs. SIGMA ALDRICH FOREIGN HOLDINGS COMPANY
(2014) TaxCorp(LJ) 4117 (HC-KARNATAKA) · Income tax - Sections 92, 92C(3), 139(1), 142(1), 143(2), 263
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Whether when the assessee advances loans to its AE and grants moratorium of interest, no TP adjustment can be made in such a case
DCIT. Vs. PMP AUTO COMPONENTS PVT LTD.
(2014) TaxCorp(LJ) 4116 (ITAT-MUMBAI) · Income Tax - Sections 92B(1), 92CA, 143(3), 144C
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Whether when the AO has taken a fair view for treating ad expenses as revenue expenditure, revisionary powers u/s 263 can be invoked merely on the ground of audit objection
M/s REFEX INDUSTRIES LTD. Vs. DCIT
(2014) TaxCorp(LJ) 4115 (ITAT-CHENNAI) · Income Tax - Sections 35D, 143(2), 263
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