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Tax borne by employer on perquisites of employees would constitute non-monetary benefit and is exempt u/s 10(10CC)

Case Name : Transocean Discoverer 534 Vs ACIT (ITAT Delhi)
Appeal Number : ITA Nos. 1715/Del/2006
Date of Judgement/Order : 09/06/2010
Related Assessment Year : 2004- 05
Courts : All ITAT (14957) ITAT Delhi (3708)
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Requirement of furnishing tax audit report under section 44AB was introduced only with effect from 1-7-1995 for purpose of section 271B

Case Name : S.V. Pathak & Co. Vs NC Tiwari (Bombay High Court)
Appeal Number : W. P. No. 3794 of 1996
Date of Judgement/Order : 29/06/2010
Related Assessment Year :
Courts : All High Courts (13958) Bombay High Court (1883)

Sale of a depreciable asset in respect of which depreciation was allowed to assessee should always be treated as short term capital gains by virtue of operations of sections 50, 50A and 50B

Case Name : CIT Vs Sakthi Metl Depot (Kerala High Court)
Appeal Number : ITA No. 759 of 2009(E)
Date of Judgement/Order : 06/01/2010
Related Assessment Year :
Courts : All High Courts (13958) Kerala High Court (909)
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It is not necessary that for claiming deduction on account of foreign travel expenses, there has to be some business activity of assessee in foreign countries

Case Name : Scindia Investments Pvt. Ltd. Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 682/Mum/2009
Date of Judgement/Order : 31/05/2010
Related Assessment Year :
Courts : All ITAT (14957) ITAT Mumbai (3584)
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Mere occupancy right under leave & licence agreement not sufficient to attract Explanation 1 of section 32(1)

Case Name : United Motors (India) Ltd. Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 6291/Mum/2008
Date of Judgement/Order : 13/04/2010
Related Assessment Year :
Courts : All ITAT (14957) ITAT Mumbai (3584)
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Promotion of real estate venture by Airlines in air is taxable as Business Auxiliary Service

Case Name : Jetlite (India) Ltd. Vs CCE (CESTAT Delhi)
Appeal Number : ST/Stay/2947/09, ST/776/2009, ST/M/1092/09, ST/776/2009
Date of Judgement/Order : 25/06/2010
Related Assessment Year :
Courts : All CESTAT (3909) CESTAT Delhi (907)

It is mandatory for assessee, to follow one of prescribed methods and demonstrate that international transactions, entered into by it, with an associated enterprise, are at Arms Length Price

Case Name : DCIT Vs Starlite (ITAT Mumbai)
Appeal Number : ITA No. 2279/Mum/06
Date of Judgement/Order : 20/04/2010
Related Assessment Year : 2002- 2003
Courts : All ITAT (14957) ITAT Mumbai (3584)

Section 115JB is not designed to be applicable to a foreign company, who has no presence or PE in India

Case Name : In re The Timken Company (AAR Delhi)
Appeal Number : A.A.R. No. 836 of 2009
Date of Judgement/Order : 23/07/2010
Related Assessment Year :
Courts : Advance Rulings (3746)
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Indo-Singapore DTAA – Mere existence of a PE in India cannot lead to a conclusion that royalties arise in India

Case Name : SET Satellite Singapore Pte. Ltd. Vs Addl. DIT (Intl. Taxation) (ITAT Mumbai)
Appeal Number : ITA No. 7349/Mum/2004
Date of Judgement/Order : 25/06/2010
Related Assessment Year :
Courts : All ITAT (14957) ITAT Mumbai (3584)
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Transfer of development rights comes within the purview of section 50C of the Income Tax Act, 1961

Case Name : Arif Akhatar Hussain Vs. Income Tax officer and Jaffar Akhatar Hussain Vs Income Tax officer (ITAT Mumbai)
Appeal Number : ITA No. 541/Mum/2010, ITA No. 706/Mum/2010
Date of Judgement/Order : 22/12/2010
Related Assessment Year : 2006-07
Courts : All ITAT (14957) ITAT Mumbai (3584)
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