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Taxability of income received by foreign company for procurement support services rendered by its Indian office to other foreign company

Case Name : Re. Aramco Overseas Company 
Appeal Number :
Date of Judgement/Order :
Related Assessment Year :
Courts : Advance Rulings (3746)

After acquisition and vesting of all rights of a land in State, mere speculative right to receive compensation/enhanced compensation is not and cannot possibly be treated as an asset under section 2(ea) of the Wealth-tax Act

Case Name : CWT Vs. Parminder Singh (Punjab & Haryana High Court)
Appeal Number : Appeal No: WTA Nos. 31 to 36 of 2009
Date of Judgement/Order : 21/05/2010
Related Assessment Year :
Courts : All High Courts (13956) Punjab and Haryana HC (457)
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Assessee not entitled to depreciation on a plant which is not in operation since its capitalization

Case Name : Sponge Iron India Ltd. Vs. DCIT (ITAT Hyderabad)
Appeal Number : Appeal No: ITAT No. 410 & 411/Hyd/2007
Date of Judgement/Order : 21/05/2010
Related Assessment Year : 2001- 02
Courts : All ITAT (14953) ITAT Hyderabad (630)
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S. 43(5): Derivatives can be speculative transactions: ITAT Mumbai

Case Name : ACIT Vs. Dinesh K. Mehta HUF (ITAT Mumbai)
Appeal Number :
Date of Judgement/Order :
Related Assessment Year :
Courts : All ITAT (14953) ITAT Mumbai (3584)

‘Subscription fees’ received by assessee has to be assessed as ‘business income’ as per the provisions of DTAA between India and Singapore

Case Name : TIS Two Administration (Singapore) Pvt. Ltd. Vs. The Dy. Director of Income Tax (International taxation)2(1) (ITAT Mumbai)
Appeal Number : ITA No. 8432/Mum/04
Date of Judgement/Order : 30/04/2010
Related Assessment Year : 1988- 89
Courts : All ITAT (14953) ITAT Mumbai (3584)
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Salary accrued outside India cannot be taxed in India merely because it is received in India

Case Name : ITO (International Taxation), Vs Sri. Dylan George Smith (ITAT Bangalore)
Appeal Number : ITA 143& 144/BANG/2010
Date of Judgement/Order : 20/05/2010
Related Assessment Year : 2003-04 & 2004-05
Courts : All ITAT (14953) ITAT Bangalore (1081)
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Withholding tax obligation applies on payments to non-residents only if there is income chargeable to tax in India

Case Name : ITO Vs. Prasad Production Ltd. (ITAT Chennai)
Appeal Number : (ITA No. 663/ Mds/2003)
Date of Judgement/Order :
Related Assessment Year :
Courts : All ITAT (14953) ITAT Chennai (858)
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ITAT Delhi ruling provides guidance for ascertaining arm’s length price of an international transaction under TNMM

Case Name : IL Jin Electronics (I) Pvt. Ltd. Vs. Asst. Commissioner of Income Tax (ITAT Delhi)
Appeal Number : (ITA No. 438/Del/2008)
Date of Judgement/Order :
Related Assessment Year :
Courts : All ITAT (14953) ITAT Delhi (3706)

Composite scheme of arrangement cannot be denied the tax benefits if all the conditions for amalgamation under the Income-tax Act are fulfilled

Case Name : ACIT Vs TVS Motors Co. Ltd. (ITAT Chennai)
Appeal Number :
Date of Judgement/Order :
Related Assessment Year :
Courts : All ITAT (14953) ITAT Chennai (858)
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AAR ruling is binding on a taxpayer and the Tax Authority in relation to transaction in respect of which the AAR ruling was sought: Bombay HC

Case Name : Re. The Prudential Assurance Company Ltd.
Appeal Number :
Date of Judgement/Order :
Related Assessment Year :
Courts : Advance Rulings (3746)
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