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Interest income earned by assessee on money in bank related to business income is allowed u/s 80IA

Case Name : CIT Vs J. M. Joshi (Bombay High Court)
Appeal Number : ITA No. 639/2008
Date of Judgement/Order : 26/06/2015
Related Assessment Year :
Courts : All High Courts (13951) Bombay High Court (1882)
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Satisfaction must be recorded before invoking provision of section 14A read with Rule 8D

Case Name : Multiplex Capital Ltd. Vs. ITO, (ITAT Delhi)
Appeal Number : ITA No. 571/D/2013
Date of Judgement/Order : 25/03/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Delhi (3705)
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Income from assignment of film rights received in one shot taxable in the year of receipt if not refundable

Case Name : M/s. AVM Film Studios Vs ITO (ITAT Chennai)
Appeal Number : IT Appeal No.- 2000/2012
Date of Judgement/Order : 08/07/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Chennai (858)
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Unless genuineness of transaction is established by assessee, addition u/s 68 can’t be revoked

Case Name : Riddhi Promoters Pvt. Ltd. Vs CIT (Delhi High Court)
Appeal Number : ITA 227/2015
Date of Judgement/Order : 27/03/2015
Related Assessment Year : 2003-04
Courts : All High Courts (13951) Delhi High Court (3377)
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If circumstance warrants, Stay order by ITAT was allowed to continue beyond 365 days

Case Name : XL India Business Services Private Limited Vs. ITO (Delhi High Court)
Appeal Number : W.P.(C) 2956/2015
Date of Judgement/Order : 23/03/2015
Related Assessment Year : 2009-10
Courts : All High Courts (13951) Delhi High Court (3377)
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If there is International transaction, Arm’s Length Price would be decided using international commercial principle.

Case Name : CIT Vs M/s Cotton Naturals (I) Pvt. Ltd. (Delhi High Court)
Appeal Number : ITA No. 233/2014
Date of Judgement/Order : 27/03/2015
Related Assessment Year : 2007-08
Courts : All High Courts (13951) Delhi High Court (3377)
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Unless receipt is termed as ‘Income’, Question of taxability wouldn’t arise

Case Name : Aroon Purie Vs Commissioner of Income Tax (Delhi High Court)
Appeal Number : ITA 232/2002
Date of Judgement/Order : 27/03/2015
Related Assessment Year : 1991-92
Courts : All High Courts (13951) Delhi High Court (3377)
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Stay granted by ITAT can be extended beyond 365 days if demand of justice so warrants

Case Name : Canon India Private Limited Vs DCIT (Delhi High Court)
Appeal Number : W.P.(C) 3238/2015
Date of Judgement/Order : 27/03/2015
Related Assessment Year : 2009-10
Courts : All High Courts (13951) Delhi High Court (3377)
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Section 32- Depreciation allowable on payment made to acquire business or commercial rights

Case Name : CIT Vs MIS Bharti Teletech Ltd. (Delhi High Court)
Appeal Number : ITA 496/2014
Date of Judgement/Order : 15/04/2015
Related Assessment Year : 2006-07
Courts : All High Courts (13951) Delhi High Court (3377)
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Applicability of TDS is to be determined having regard to nature of transaction not by terminology

Case Name : CIT-IV, New Delhi Vs Grup ISM P. Ltd., (Delhi High Court)
Appeal Number : ITA No. 325 of 2015
Date of Judgement/Order : 29/05/2015
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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