Saurabh Srivastava vs. DCIT (ITAT Delhi Special Bench)

Related Posts:

• Doshi Accounting Services Pvt Ltd vs. DCIT (ITAT Ahmedabad Special Bench) We share the anguish of the learned counsel. The sequence of events, as set out above, does clearly shows inordinate delay in the special bench case being taken up. It appears that despite specific requisition by the learned Judicial Member and for the reasons best known to the persons concerned,…
• Doshi Accounting Services Pvt. Ltd vs. DCIT (ITAT Ahmedabad) (Special Bench) The provisions of chapter X are not impeding with the manner of the computation of exemption under section 10A of the Act, but it is to work out the true ALP qua the sale price of the impugned international transaction. Therefore we disregard the contentions of the ld. AR for…
• CLC & Sons Pvt. Ltd vs. ACIT (ITAT Delhi) (Special Bench) It is vivid from the discussion made supra that qua the issue of depreciation on goodwill, the authorities below have divided it into two broader compartments by holding that i) no depreciation can be legally allowed on the amount of genuine goodwill in terms of section 32 of the Act;…
• DCIT vs. Inventaa Industries Private Limited (ITAT Hyderabad Special Bench) It is clear that we cannot restrict the word “product” to ‘plants’, ‘fruits’, ‘vegetables’ or such botanical life only. The only condition is that the “product” in question should be raised on the land by performing some basic operations. Mushroom produced by the assessee is a product. This product is…
• Nokia Networks OY vs. JCIT (ITAT Delhi Special Bench) HELD by majority in favour of the assessee: According to the Supreme Court in Formula One World Championship Ltd. vs. CIT, reported in 394 ITR 80 (SC), the ‘disposal test’ is paramount which needs to be seen while analyzing fixed place PE under Article 5(1). Though in our humble understanding,…
• DCIT vs. Saurabh Mittal (ITAT Jaipur) The Assessing Officer has not brought any material on record to controvert the fact duly established by the supporting evidence of purchase bills, payment of consideration through bank, dematerialization of shares in the DEMAT account, allotment of the shares amalgamated new entity in lieu of the earlier two companies of…