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Unilateral action on the part of one party with absence of mutual agreement cannot result into an international transaction

Case Name : CIT, LTU Vs Whirlpool of India Ltd (Delhi High Court)
Appeal Number : ITA 610/2014 & 228/2015
Date of Judgement/Order : 22/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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Rule 9B : Cost of prints cannot be clubbed with cost of acquisition of distribution rights of films for carried forward of unabsorbed cost

Case Name : Honey Enterprises Vs CIT (Delhi High Court)
Appeal Number : ITA 163/2002
Date of Judgement/Order : 08/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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S. 68 – Mere Common address shared by several companies may not be sole ground to doubt identity or creditworthiness

Case Name : Principle CIT Vs Matchless Glass Services Pvt. Ltd. (Delhi High Court)
Appeal Number : ITA 727/2015
Date of Judgement/Order : 18/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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Notional Loss on renunciation of rights to subscribe partly convertible debentures based on notional cost not allowed

Case Name : CIT Vs M/s Abhinandan Investment Ltd. (Delhi High Court)
Appeal Number : ITA 130/2001
Date of Judgement/Order : 19/11/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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Revenue must show existence of agreement/ understanding with foreign entity before any TP adjustment for AMP expenditure

Case Name : Bausch & Lomb Eye care (India) Pvt. Ltd. Vs ACIT (Delhi High Court)
Appeal Number : ITA 643/2014
Date of Judgement/Order : 23/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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Recording of satisfaction u/s 153C is mandatory even if searched person & assessee are under common jurisdiction

Case Name : Principle CIT Vs Nikki Drugs & Chemicals Pvt. Ltd. (Delhi High Court)
Appeal Number : ITA 422/2015
Date of Judgement/Order : 03/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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If business of comparable company & assessee remains unchanged from last year, the company can’t be held incomparable in current year

Case Name : Eli Lilly & Co. (India) Pvt. Ltd. Vs ACIT (ITAT Delhi)
Appeal Number : ITA No.780/Del./2014
Date of Judgement/Order : 24/11/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Delhi (3705)
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Diagnostic Labs to deduct TDS on discount given to hospitals/laboratories U/s. 194H

Case Name : M/s DDRC SRL Diagnostic P Ltd. Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 3872/Mum/2013
Date of Judgement/Order : 23/09/2015
Related Assessment Year : 2010-11
Courts : All ITAT (14952) ITAT Mumbai (3584)
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If absence of exempt income disallowance u/s 14A not warranted

Case Name : M/s Chhaganlal Khimji & Co. Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 7629/Mum/2013
Date of Judgement/Order : 23/09/2015
Related Assessment Year : 2010-2011
Courts : All ITAT (14952) ITAT Mumbai (3584)
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Mere reason to believe that income has escaped assessment not sufficient to reopen assessments beyond 4 years

Case Name : CIT Vs Vishishth Chay Vyapar Ltd. (Delhi High Court)
Appeal Number : ITA 1108/2010
Date of Judgement/Order : 03/12/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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