http://itatonline.org/archives Wed, 19 Jun 2013 03:41:12 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 http://itatonline.org/archives/index.php/bhoruka-engineering-inds-ltd-vs-dcit-karnataka-high-court-s-1038-scheme-of-sale-of-land-through-sale-of-shares-of-shell-co-is-valid/ http://itatonline.org/archives/index.php/bhoruka-engineering-inds-ltd-vs-dcit-karnataka-high-court-s-1038-scheme-of-sale-of-land-through-sale-of-shares-of-shell-co-is-valid/#comments Wed, 19 Jun 2013 03:41:12 +0000 admin http://itatonline.org/archives/?p=6966 McDowell 154 ITR 148 (SC), Azadi Bachao Andolan 263 ITR 706 (SC) & Vodafone International 341 ITR 1 (SC) referred)]]> http://itatonline.org/archives/index.php/bhoruka-engineering-inds-ltd-vs-dcit-karnataka-high-court-s-1038-scheme-of-sale-of-land-through-sale-of-shares-of-shell-co-is-valid/feed/ 0 http://itatonline.org/archives/index.php/cit-vs-textool-co-ltd-supreme-court-s-361v-payment-to-lic-group-gratuity-scheme-allowable/ http://itatonline.org/archives/index.php/cit-vs-textool-co-ltd-supreme-court-s-361v-payment-to-lic-group-gratuity-scheme-allowable/#comments Mon, 17 Jun 2013 09:49:13 +0000 admin http://itatonline.org/archives/?p=6960 http://itatonline.org/archives/index.php/cit-vs-textool-co-ltd-supreme-court-s-361v-payment-to-lic-group-gratuity-scheme-allowable/feed/ 1 http://itatonline.org/archives/index.php/mindtree-limited-vs-uoi-karnataka-high-court/ http://itatonline.org/archives/index.php/mindtree-limited-vs-uoi-karnataka-high-court/#comments Mon, 17 Jun 2013 04:00:29 +0000 admin http://itatonline.org/archives/?p=6949 http://itatonline.org/archives/index.php/mindtree-limited-vs-uoi-karnataka-high-court/feed/ 0 http://itatonline.org/archives/index.php/cit-vs-nike-inc-karnataka-high-court-s-5-9-no-income-is-attributable-to-liaison-offices-activity-of-sourcing-mfgd-products-from-india-even-if-fee-for-service-is-received-from-overseas-buyer/ http://itatonline.org/archives/index.php/cit-vs-nike-inc-karnataka-high-court-s-5-9-no-income-is-attributable-to-liaison-offices-activity-of-sourcing-mfgd-products-from-india-even-if-fee-for-service-is-received-from-overseas-buyer/#comments Thu, 13 Jun 2013 08:10:59 +0000 admin http://itatonline.org/archives/?p=6940 business connection" is defined in Explanation 2 to s. 9 to include any business activities carried out by a person who is habitually acting on behalf of the non-resident in India. However, this does not include an authority to conclude contracts on behalf of the non-resident if the activities are limited to the purchase of the goods or merchandise for the non-resident. Under Explanation 1(b) to s. 9(1)(e) a non-resident is not liable to tax in India on any income attributable to operations confined to purchase of goods in India for export, even if the non-resident has an office or agency in India for that purpose and the goods are subjected by him to any manufacturing process before being exported from India. The result is that no income is deemed to accrue or arise in India to a non-resident, whether directly or indirectly through or from any "business connection", if the activities are confined for the purpose of export]]> http://itatonline.org/archives/index.php/cit-vs-nike-inc-karnataka-high-court-s-5-9-no-income-is-attributable-to-liaison-offices-activity-of-sourcing-mfgd-products-from-india-even-if-fee-for-service-is-received-from-overseas-buyer/feed/ 0 http://itatonline.org/archives/index.php/cit-vs-silver-oak-laboratories-p-ltd-supreme-court-s-194c-tds-does-not-apply-to-contract-manufacturing-agreements/ http://itatonline.org/archives/index.php/cit-vs-silver-oak-laboratories-p-ltd-supreme-court-s-194c-tds-does-not-apply-to-contract-manufacturing-agreements/#comments Thu, 13 Jun 2013 05:03:00 +0000 admin http://itatonline.org/archives/?p=6935 contract for carrying out works". Hence, s. 194C is not attracted. S. 194C has been amended by the Finance (No.2) Act, 2009, w.e.f. 1.10.2009 to provide that "work" includes manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer. It is clarified that the definition of the word "work" will not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person other than such customer]]> http://itatonline.org/archives/index.php/cit-vs-silver-oak-laboratories-p-ltd-supreme-court-s-194c-tds-does-not-apply-to-contract-manufacturing-agreements/feed/ 0 http://itatonline.org/archives/index.php/fateh-chand-charitable-trust-vs-cit-allahabad-high-court-shock-anguish-expressed-at-mal-administration-by-ao-cit-cbdt-directed-to-take-action-against-erring-officials/ http://itatonline.org/archives/index.php/fateh-chand-charitable-trust-vs-cit-allahabad-high-court-shock-anguish-expressed-at-mal-administration-by-ao-cit-cbdt-directed-to-take-action-against-erring-officials/#comments Tue, 11 Jun 2013 06:47:51 +0000 admin http://itatonline.org/archives/?p=6929 http://itatonline.org/archives/index.php/fateh-chand-charitable-trust-vs-cit-allahabad-high-court-shock-anguish-expressed-at-mal-administration-by-ao-cit-cbdt-directed-to-take-action-against-erring-officials/feed/ 2 http://itatonline.org/archives/index.php/cit-vs-syed-ali-adil-andhra-pradesh-high-court-s-5454f-deduction-allowable-for-purchase-of-multiple-independent-house-units/ http://itatonline.org/archives/index.php/cit-vs-syed-ali-adil-andhra-pradesh-high-court-s-5454f-deduction-allowable-for-purchase-of-multiple-independent-house-units/#comments Fri, 07 Jun 2013 03:45:15 +0000 admin http://itatonline.org/archives/?p=6920 a residential house" in s. 54 (1) has to be understood in the sense that the building should be of residential nature and "a" should not be understood to indicate a singular number. Where an assessee had purchased two residential flats, he is entitled to exemption u/s 54 in respect of capital gains on sale of its property on purchase of both the flats, despite the fact that the flats were purchased by separate sale deeds. Deduction is allowable even if the flats are on different floors. On facts, as the two flats purchased by the assessee are adjacent to one another and have a common meeting point, the deduction cannot be denied (D. Ananda Basappa 309 ITR 329 (Kar), K. G. Rukminiamma 331 ITR 211 (Kar) followed; Susheela M. Jhaveri 107 ITD 327 (Mum) (SB) held not good law)]]> http://itatonline.org/archives/index.php/cit-vs-syed-ali-adil-andhra-pradesh-high-court-s-5454f-deduction-allowable-for-purchase-of-multiple-independent-house-units/feed/ 0 http://itatonline.org/archives/index.php/y-p-trivedi-vs-jcit-itat-mumbai-delay-in-filing-appeal-due-to-cas-fault-is-bona-fide-must-be-condoned/ http://itatonline.org/archives/index.php/y-p-trivedi-vs-jcit-itat-mumbai-delay-in-filing-appeal-due-to-cas-fault-is-bona-fide-must-be-condoned/#comments Thu, 06 Jun 2013 06:44:48 +0000 admin http://itatonline.org/archives/?p=6912 Mst. Katiji 167 ITR 471(SC) referred)]]> http://itatonline.org/archives/index.php/y-p-trivedi-vs-jcit-itat-mumbai-delay-in-filing-appeal-due-to-cas-fault-is-bona-fide-must-be-condoned/feed/ 0 http://itatonline.org/archives/index.php/apollo-tyres-ltd-vs-dcit-itat-cochin-no-s-40aia-disallowance-for-default-of-short-deduction-of-tds/ http://itatonline.org/archives/index.php/apollo-tyres-ltd-vs-dcit-itat-cochin-no-s-40aia-disallowance-for-default-of-short-deduction-of-tds/#comments Wed, 05 Jun 2013 09:03:39 +0000 admin http://itatonline.org/archives/?p=6908 S.K. Tekriwal (Cal HC) & Chandabhoy and Jassobhoy 49 SOT 448 (Mum) followed)]]> http://itatonline.org/archives/index.php/apollo-tyres-ltd-vs-dcit-itat-cochin-no-s-40aia-disallowance-for-default-of-short-deduction-of-tds/feed/ 1 http://itatonline.org/archives/index.php/vijai-electricals-ltd-vs-acit-itat-hyderabad-transfer-pricing-provisions-do-not-apply-i-to-an-investment-in-share-capital-of-overseas-companies-ii-to-transactions-where-there-no-income-has-a/ http://itatonline.org/archives/index.php/vijai-electricals-ltd-vs-acit-itat-hyderabad-transfer-pricing-provisions-do-not-apply-i-to-an-investment-in-share-capital-of-overseas-companies-ii-to-transactions-where-there-no-income-has-a/#comments Tue, 04 Jun 2013 06:58:05 +0000 admin http://itatonline.org/archives/?p=6901 international transaction” as defined in s. 92-B. Transfer pricing provisions are not applicable to transactions where there is no income (Circular No. 14, dated 22/11/2011, Dana Corporation 321 ITR 178 (AAR) & Amiantit International 322 ITR 678 (AAR) referred)]]> http://itatonline.org/archives/index.php/vijai-electricals-ltd-vs-acit-itat-hyderabad-transfer-pricing-provisions-do-not-apply-i-to-an-investment-in-share-capital-of-overseas-companies-ii-to-transactions-where-there-no-income-has-a/feed/ 0