{"id":2313,"date":"2010-12-03T18:47:05","date_gmt":"2010-12-03T13:17:05","guid":{"rendered":"http:\/\/itatonline.org\/archives\/index.php"},"modified":"2010-12-03T18:47:05","modified_gmt":"2010-12-03T13:17:05","slug":"digest-of-important-case-law-october-2010","status":"publish","type":"page","link":"https:\/\/itatonline.org\/archives\/digest-of-important-case-law-october-2010\/","title":{"rendered":"Digest of important case law – October 2010"},"content":{"rendered":"
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\nNo time to read through voluminous case reports?<\/p>\n
\nCan\u2019t separate the wheat from the chaff?\n<\/div>\n
\nFret Not! The KSA Legal team will bring you up-to-speed with the choicest of case-law so you can focus your attention only on the important ones. This section is updated on a monthly basis so make sure you bookmark this page.\n<\/div>\n

Compiled By: Ajay R. Singh, Paras S. Savla, Rahul K. Hakani and Sujeet S. Karkal, Advocates<\/DIV><\/p>\n<\/div>\n

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Digest of important case law – October 2010 <\/strong><\/td>\n <\/td>\n<\/tr>\n
Download monthly<\/strong> (October 2010) digest in pdf format <\/td>\n Click here to download the judgement (digest_case_laws_october_2010.pdf) <\/strong> <\/a><\/p> <\/td>\n<\/tr>\n
Download Consolidated Digest<\/strong> (January 2010 to Sept 2010) in pdf format <\/td>\n <\/td>\n<\/tr>\n
Looking for the Previous Month’s digest? Click here.<\/a> <\/td>\n Click here to download the judgement (Consolidated_Digest_of_Case_Laws_Jan_2010_to_Sept_2010.pdf) <\/strong> <\/a><\/p> <\/td>\n<\/tr>\n<\/table>\n<\/div>\n
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Journals Referred <\/strong>: BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Income Tax Review, SOT, Taxman, Taxation, TLR, TTJ, BCAJ, ACAJ, www.itatonline.org\n <\/div>\n

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S. 4 : Income – Mutuality – Interest from Banks<\/u><\/strong>
\n Interest income on investments with banks is not exempt on the principle of mutuality even though the concerned banks are members of the club.
\n CIT vs. <\/em><\/strong>Wellington<\/em><\/strong> Gymkhana Club (2010) 46 DTR 22 (Mad.). <\/em><\/strong>
\n S. 4 : Income – Capital or Revenue Receipts – Amount received under incentive scheme<\/u><\/strong>
\n Amount received under incentive scheme for repayment of loans to set up new units is capital receipt.
\n CIT vs. Kisan Sahkari Chini Mills Ltd. (2010) 328 ITR 27 (All)<\/em><\/strong>
\n S. 4 : Income – Trade advance from foreign buyer:<\/u><\/strong>
\n Assessee received advance of Rs. 9 crores from certain foreign buyers, however he could not export with in one year as stipulated by RBI vide its regulation, notification No. FEMA 23\/2000-RB dt. 3-5-2000, and assessee periodically withdrew the amount and used for other business purpose. Assessing Officer treated the said receipt as income and made addition. On appeal CIT(A) deleted the addition. The Tribunal held that on the relevant year liability to pay was existing and foreign party’s claim was still enforceable under the law. After getting the approval from RBI the assessee remitted the amount to the buyer through banking channel, therefore, the order passed by the CIT(A) was upheld.
\n ITO vs. Eurostar Distilleries (P) Ltd. (2010) 41 SOT 434 (<\/em><\/strong>Cochin<\/em><\/strong>)(TM) <\/em><\/strong>
\n S. 9(1)(i) : Income deemed to accrue or arise in <\/u><\/strong>India<\/u><\/strong> – Business Connection – Services rendered through Indian subsidiary <\/u><\/strong>
\n Assessee a US company, providing IT enabled services to its clients by assigning or sub contracting execution of the contracts to its wholly owned Indian subsidiary EFI and supplying the relevant software and data base to the later, free of charge, has business connection in India within the meaning of section 9(1)(i) as well as a PE in the form of EFI as per Art. 5 of the Indo-US DTAA, profits attributable to the PE are to be worked out by applying the proportion of Indian assets, including EFI’s assets, to the aggregate of global profits and reducing resultant figure by the assessed profits of EFI.
\n EFunds Corporation vs. Asst. <\/em><\/strong>DIT (2010) 45 DTR 345 (<\/em><\/strong>Delhi<\/em><\/strong>)(Trib.)<\/em><\/strong>
\n S. 9(1)(vi) : <\/u><\/strong>Income from supply of ‘shrink-wrapped’ software assessable as ‘royalty’ – A tax-treaty can be unilaterally overridden<\/u><\/strong>
\n Payment made for grant of licence in respect of Copy right by end user is taxable as royalty as per s.9(1)(vi),domestic tax legislation to override treaty provisions in case of irreconcilable conflict.
\n Microsoft Corporation vs. ITAT (Delhi) Source: www.itatonline.org<\/em><\/strong>
\n S. 10A(9) : Exemption – Change in share holdings<\/u><\/strong>
\n Even though the number of shares held by the assessee are less than 51% of the total shares issued by the assessee company, the original promoters continue to hold shares of the company carrying not less than 51% of the voting power and thus the ownership of the company was not transferred by any means within the meaning of sub section (9) of section 10A and therefore, the assessee company is right in claiming deduction under section 10A. Expln 1 to section 10A(9), is not retrospective and will apply only to those entities which for the first time got entitled to exemption under section 10A w.e.f. 1st April 2001.
\n Zycus Infotech (P) Ltd.  vs.  CIT (2010) 235 CTR 113 \/ 45 DTR 307 (Bom.) <\/em><\/strong><\/p>\n

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S. 10B : Exemption – Export Oriented Undertaking – Convertible Foreign Exchange – Investment in equity shares<\/u><\/strong>
\n In order to avail deduction under section 10B sale proceeds must be received in convertible foreign exchange, sale proceed received in convertible foreign exchange means “actual receipt” and not deemed receipt. Amount received by an assessee in form of investment in equity shares in foreign exchange cannot be considered to be received in form of convertible foreign exchange.
\n ACIT vs. Bodhtree Consulting Ltd. (2010) 41 SOT 230 (Hyd.)<\/em><\/strong>
\n S. 10B : Exemption – Machinery previously used – Take over of undertaking<\/u><\/strong>
\n Assessee having used the machinery which was previously used by another company prior to its transfer and takeover by the assessee, section 10B(9)  is attracted to the facts of the case and therefore, assessee is not entitled to exemption under section 10B for the asst year 2002-03 and 2003-04, however, assessee is entitled to exemption for Asst. Year 2004-05 as the provision contained in section 10B(9) did not exist on the statute book in that year.
\n ITO vs. Heartland <\/em><\/strong>Delhi<\/em><\/strong> Transportation & Services (P) Ltd. (2010) 45 DTR 239 \/ 133 TTJ 682 (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.) <\/em><\/strong>
\n S. 10B : Exemption – Delay in filing return – [S. 139 (1)]<\/u><\/strong>
\n Proviso fourth to section 10B(1), which prohibits deduction if the return is not furnished on or before the due date specified under section 139(1), is directory and not mandatory therefore, relief can be granted by the appellate authority in case, there was genuine and valid reason for the marginal delay in filing of return.
\n ACIT vs. Dhir Global Industrial (P) Ltd. (2010) 45 DTR 290 \/ 133 TTJ 580 (<\/em><\/strong>Delhi<\/em><\/strong>)(Trib.)<\/em><\/strong><\/p>\n

S. 10(23C)(vi) : Educational Institutions – Accumulation of Surplus – benefit will not be lost<\/u><\/strong>
\n Merely because an educational institution accumulates income, it does not go out of consideration of section 10(23C)(vi). The exemption can be lost if application of income is for purpose other than education.
\n Maa Saraswati Educational Trust vs. UOI (2010) 194 Taxman 84 (HP)<\/em><\/strong>
\n S. 10(10C) : Exemption – Voluntary Retirement Scheme – (Rule 2BA)<\/u><\/strong>
\n Claim for exemption under section 10(10C), cannot be denied on the ground that the scheme of voluntary retirement framed by the employer is not in accordance with Rule 2BA.   
\n Pandya Vinodchandra Bhogilal vs. ITO (2010) 45 DTR 105 \/ 133 TTJ 253 (Ahd.)(Trib.)<\/em><\/strong>
\n S. 11 : Charitable Trust – Exemption – Debenture – Bond – [S. 13(1)(d)]<\/u><\/strong>
\n Bond is covered by the expression “debenture” and therefore, investment in bonds of certain companies by the assessee, a Charitable Trust did not amount to infringement of the provision of section 13(1)(d) and therefore, exemption under section 11 could not be denied on that ground.
\n DIT vs. Shree Visheswar Nath Memorial Public Charitable Trust (2010) 46 DTR 49 (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.)  <\/em><\/strong>
\n S. 11 : Charitable Trust – Depreciation – (S. 32) <\/u><\/strong>
\n Depreciation is allowable on capital assets from income of charitable trust for determining the quantum of funds which have to be applied for the purpose of the trust in terms of section 11.
\n CIT vs. Market Committee, Pipli (2010) 45 DTR 381 (P&H)    <\/em><\/strong><\/p>\n

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S. 11 : Charitable Trust – Donations collected in a donation box – Corpus <\/u><\/strong>
\n Donations collected by the assessee, in a donation box in the face of its appeal that the amounts so collected would be used for the construction of a building can be considered as carrying specific directions for being used for construction of building and therefore, it is to be treated as donations toward corpus as such amount did not constitute income for the purpose of section 11\/12.
\n Shree Mahadevi Tirath Sharda Ma Seva Sangh vs. ITO (2010) 133 TTJ 57 (Chd.)(UO) <\/em><\/strong>
\n S. 12AA : Charitable Trust – Registration – Condonation of delay – Advice of Chartered Accountant<\/u><\/strong>
\n Assessee, a Charitable Trust, having acted on the advice of the Chartered accountant which resulted in delay making the application in form 10A, constituted “sufficient cause” for the delay. Delay was rightly condoned by the Tribunal.
\n CIT vs. Indian Gospel Fellowship Trust (2010) 45 DTR 1 (Mad.)<\/em><\/strong>
\n S. 12AA : Charitable Trust – Registration – Effective Date<\/u><\/strong>
\n CIT having initially granted registration under section 12AA to the assessee w.e.f. 1st April 2007, and later passed an order on an application under section 154, granting registration  w.e.f. 28th Feb., 2002, assessee was eligible to claim benefits under section 11\/12 for the year under consideration i.e. Asst. Year 2006-07.
\n Shree Mahadevi Tirath Sharada Ma Seva Sangh vs. ITO (2010) 133 TTJ 57 (Chd.)(UO)<\/em><\/strong>
\n S. 23 : Income from House Property – Annual Value – Notional Interest -Interest free security deposit : Referred to Full Bench:<\/u><\/strong>
\n Whether notional interest on interest free security deposit is to be taken in to consideration to arrive at the notional value of the property in all cases or only in some glaring cases where the security deposit is completely disproportionate to the actual contractual rent or whether even a huge interest free security deposit can be totally ignored while determining the “fair rent” of the property is recommended to be referred to a Full Bench.
\n CIT vs. Moni Kumar Subba (2010) 45 DTR 25 \/ 235 CTR 132 (<\/em><\/strong>Delhi<\/em><\/strong>)<\/em><\/strong>
\n Editorial Note:<\/u><\/strong> Matter which was pending before special bench of Mumbai Tribunal in the matter of Trivoli has been withdrawn as the issue is subject of appeal before Bombay  High Court. Source: www.itatonline.org       
\n S. 24(b) : Income from House Property – Interest – Construction of House<\/u><\/strong>
\n Where the assessee filed returns of income for two consecutive years, each categorically stating that the construction of the assessee’s residential house was yet to be completed, interest on house loan under section 24(b), could not be allowed.
\n Ashok Kumar Modi vs. ITO (2010) 45 DTR 158 (Ctk.)(Trib.)<\/em><\/strong>
\n S. 28 : Business Income – Income from Other Sources – Licensing  of Business Premises – (S. 56)<\/u><\/strong>
\n For the Asst. Years 1993-94 to 2001-02, the assessments were completed under section 143(3), wherein licence fee was assessed as business income, no fresh facts were discovered in the Asst. Year 2003-04. Hence, the matter set-a-side to the Tribunal to decide considering the above observation.
\n Ocean<\/em><\/strong><\/strong>City<\/em><\/strong> Trading (<\/em><\/strong>India<\/em><\/strong>) P. Ltd. vs. CIT (2010) 328 ITR 290 (Bom.)<\/em><\/strong>
\n S. 28 : Business Income – Income from Other Sources – Interest on short term deposit with Bank – (S. 56)<\/u><\/strong>
\n Interest earned on short term deposits with bank by assessee tea growing company by investing surplus fund of the business before they were utilised for actual business assessable as business income and not as income from other sources.
\n Eveready Industries India Ltd. vs. CIT (2010) 235 CTR 263 (<\/em><\/strong>Cal<\/em><\/strong>.)   <\/em><\/strong>
\n S. 30 : Repairs – Lease Premises – Rent, Rates, Taxes repair and insurance for buildings<\/u><\/strong>
\n Expenses incurred in connection with renovation of lease hold premises allowed as revenue expenditure.
\n Dy. CIT vs. Lazard <\/em><\/strong>India<\/em><\/strong> (P) Ltd. (2010) 41 SOT 72 (Mum.) <\/em><\/strong>
\n S. 32 : Depreciation – Assets Written Off – Used for Purpose of Business<\/u><\/strong>
\n Actual user of the machinery was not required with respect of discarded machinery and condition for eligibility for depreciation that the machinery being used for the purpose of the business would mean that the discarded machinery was used for the purpose of the business in the earlier years for which depreciation has been allowed.
\n CIT vs. Yamaha Motor India Pvt. Ltd. (2010) 328 ITR 297 (<\/em><\/strong>Delhi<\/em><\/strong>)<\/em><\/strong>
\n Editorial Note:<\/u><\/strong> SLP of department rejected (2010) 328 ITR (St) 10
\n S. 32(1)(ii) : Depreciation – Brand Name – Intellectual Property – Scheme of Arrangement<\/u><\/strong>
\n Where assessee company received brand name under a scheme of arrangement under section 391 to 394 of Companies Act 1956, assessee was eligible for depreciation in respect of brand name under section 32(1)(ii) of the Income Tax Act.
\n KEC International Ltd. vs. Addl. CIT (2010) 41 SOT 43 (Mum.) <\/em><\/strong>
\n S. 32(1)(iia) : Depreciation – Additional – Windmills<\/u><\/strong>
\n Windmills installed for electricity generation which did not increase plant capacity and which was not the core business, additional depreciation is allowable.
\n CIT vs. Texmo Precision Castings (2010) Taxation 468 (Mad.) <\/em><\/strong>
\n S. 32(2) : Depreciation – Unabsorbed Depreciation – Carry Forward and Set off<\/u><\/strong>
\n The unabsorbed depreciation brought forward as on April 1, 1997 could be set off against the taxable business profit or income under any other head for the Asst. Year 1997-98 and even subsequent years. Short term capital gains for the Asst. Year 1999-2000 can be set off against unabsorbed depreciation brought forward as on April 1, 1997.
\n CIT vs. Rpil Signalling Systems Ltd. (2010) 328 ITR 283 (Mad.)<\/em><\/strong>
\n Editorial Note:<\/u><\/strong> Refer Special Bench Times Guarantee Ltd. (2010) 4 ITR 210 (Mumbai) (Trib.)(SB)
\n S. 36(1)(iii) : Business Expenditure – Interest on Borrowed Capital – Own ample resources<\/u><\/strong>
\n Merely because assessee had its own ample resources at its disposal could not negate deduction in respect of interest paid on borrowed funds.
\n CIT vs. Gautam Motors (2010) 194 Taxman 21 (<\/em><\/strong>Delhi<\/em><\/strong>)<\/em><\/strong>
\n S. 36(1)(vii) : Bad Debts – Money advanced to subsidiary – Business Expenditure – [S. 36(2), 37(1)]<\/u><\/strong>
\n Money advanced to the subsidiary was not a trading debt emerging from trading activity of assessee hence could not be allowed as deduction either under section 36(2) or under section 37(1).
\n VST Industries Ltd. vs. ACIT (2010) 41 SOT 415 (Hyd.) <\/em><\/strong>
\n S. 37(1) : Business Expenditure – Capital or Revenue – Design and Drawing Fee<\/u><\/strong>
\n Expenditure incurred by the assessee on account of design and drawing fees paid to foreign technician for imparting training to Indian technicians, relates to the process of manufacturing and for a tenure and the documents, designs and specifications which have been supplied by the licensor are only for facilitating the said purpose of manufacturing and therefore constitute revenue expenditure.
\n CIT vs. Manjal Showa Ltd. (2010) 46 DTR 1 (Del.)<\/em><\/strong>
\n S. 37(1) : Business Expenditure – Capital or Revenue Expenditure – Royalty for acquiring right to remove granites from quarries<\/u><\/strong>
\n Paying royalty for excavating granite from the quarry, the assessee did not acquire any permanent advantage hence the amount paid by the assessee was allowable as revenue expenditure.
\n CIT vs. Obli Spinning Mills (P) Ltd. (2010) 46 DTR 44 (Mad.)<\/em><\/strong>
\n S. 37(1) : Business Expenditure – Expenditure on Education of Director’s Son – Not allowable on facts<\/u><\/strong>
\n As there was no documentary evidence with respect to appointment of trainee was produced before the Tribunal or before the Assessing Officer, expenditure was not allowed.
\n Echjay Forgings Ltd. vs. ACIT (2010) 328 ITR 286 (Bom.)  <\/em><\/strong>
\n S. 40(a)(i) : Business Disallowance – Under Art. 26(3) of India-USA DTAA payments to Non-Residents are equated with payments to Residents & so S. 40(a)(i) disallowance not valid<\/u><\/strong> <\/u>
\n Art 26(3) of India –US DTAA protects interest of non-resident vis-à-vis residents. Thus payment to residents are equated with payment to non-residents .Thus in light of Art 26(3) ,no disallowance under section 40(a)(i) can be made even in case of payment to non resident .Herbal Life International (2006)  101 ITD 450 (Delhi) followed.
\n Central Bank of <\/em><\/strong>India<\/em><\/strong> vs. Dy. CIT (ITAT) (Mum.) Source : www.itatonline.org<\/em><\/strong>
\n S. 40(a)(i) : Business Disallowance – Reimbursement of Expenses – Interest payable outside <\/u><\/strong>India<\/u><\/strong> <\/u><\/strong>
\n Where the assessee made payment to its parent company in UK which was merely reimbursement of expenses and not in nature of interest–royalty, fees for technical services or other sums chargeable under Act, no disallowance of said payment could be made while computing income under head “profits and gains of business or profession” on the ground that no tax at source had been deducted.
\n Dy. CIT vs. Lazard <\/em><\/strong>India<\/em><\/strong> (P) Ltd. (2010) 41 SOT 72 (Mum.)<\/em><\/strong>
\n S. 40(a)(ia) : Business Expenditure – Constitutional Validity – (S. 194C).<\/u><\/strong>
\n The writ petition challenging the constitutional validity of section 40(a)(ia) to disallow the revenue expenditure for not complying with the TDS provisions of section 194C held to be valid.
\n Tube Investments of India Ltd. vs. ACIT (2010) 218 Taxation 343 (Mad.)    <\/em><\/strong>
\n S. 40(a)(ia) : Business Expenditure – Disallowance – Tax Deducted at Source – Truck Owners – (S. 194C)<\/u><\/strong>
\n Considering the legal and factual findings recorded by the CIT(A) regarding there being no liability of the assessee to deduct tax under section 194C from the payments made by it to different truck owners on the ground that each job undertaken by a truck owner was a separate job for the same person, at different rates and terms, hence the different jobs will not turn into single contract and  thus there being no contract between the assessee and truck owners, there was no infirmity in the order of CIT(A) deleting the disallowance under section 40(a)(ia).
\n ITO vs. <\/em><\/strong>Indian Road<\/em><\/strong> Lines (2010) 45 DTR 49 (Asr.)(Trib.)<\/em><\/strong>
\n S. 40(a)(ia) : Business Expenditure – Disallowance – Tax Deducted at Source – Transportation of Goods – (S. 194C)<\/u><\/strong>
\n Assessee a transport contractor herself having executed whole of the contract for transportation of goods by hiring trucks from various truck owners, it cannot be said that the payments made for hiring of vehicles fall in the category of payment to sub–contractor and therefore, the assessee was not liable to deduct tax at source as per the provision of section 194C for the payments made to the truck owners and the same could not be disallowed under section 40(a)(ia).
\n Kavita Chug (Mrs) vs. ITO (2010) 45 DTR 146 (Kol.)(Trib.)<\/em><\/strong>
\n S. 40(a)(ia) : Business  Expenditure – Disallowance – Payment of tax deduction at source in next year<\/u><\/strong>
\n Assessee having made all payments of TDS in respect of contract payments, interest, professional fees and commission for the Asst. Year 2005-06 after due date and in the financial year 2005-06, corresponding amounts are deductible in computing the income of asst year 2006-07, in view of section 40(a)(ia). Payment of rent has been inserted in section 40(a)(ia) w.e.f.  1st April 2006 and therefore, assessee is entitled to deduct the rental expenditure in computing the income of the relevant Asst. Year i.e. 2005-06, itself, even though payment of TDS was delayed.
\n Uniword Telecom Ltd. vs. Addl. CIT (2010) 45 DTR 433 (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.)<\/em><\/strong>
\n S. 40(a)(ia) : Business Expenditure – Reimbursement of Expenses<\/u><\/strong>
\n When there is no element of income and the payment is only as a reimbursement of expenses incurred by the payee, then  no disallowance can be made under section 40(a)(ia).
\n Utility Powertech Ltd. vs. ACIT (2010) TIOL 545 ITAT (Mum.) (BCAJ) (Nov., 2010) P. 22 [150 (2010) 42 B. BCAJ] <\/em><\/strong>
\n S. 40(a)(ia) : Business Expenditure – Accrued Prior to <\/u><\/strong>10-9-2004<\/u><\/strong> -Amendment to section 40(a)(ia) by Finance Act 2010<\/u><\/strong>
\n Amendment to section 40(a)(ia) by the Finance Act, 2010 which extends the time limit for all TDS payable throughout the year has been introduced as curative measure and therefore, would apply to earlier years also.
\n Golden Stables Life Style Centre Pvt. Ltd. ITA Nos. 5145\/Mum\/2009 Bench ‘G’ dt. 30-9-2010. (2010) BCAJ Nov., 26 [155 (2010) 42-B.BCAJ]         <\/em><\/strong>
\n S. 40(a)(ii) : Business Expenditure – Interest on delayed payment of with holding taxes to US Government – (S. 43B)<\/u><\/strong>
\n Allowability of interest payable on delayed remittances of withholding taxes to US Government, which the assessee had deducted from the payments made to its employees in USA remanded to CIT for fresh consideration.
\n Mascon Global Ltd. vs. ACIT (2010) 45 DTR 20 (Chennai)(Trib.)(TM)  <\/em><\/strong>
\n S. 40A(2) : Business Expenditure – Disallowance – International Taxation – Excessive and Unreasonable Payments – (S. 92)<\/u><\/strong>
\n Import of goods at price higher than for local goods, Assessing Officer comparing figures for subsequent year is not proper, the Assessing  Officer was required to compare the price which prevailed in the local market in the same year.
\n CIT vs. Denso Haryana Pvt. Ltd. <\/em><\/strong>(2010) 328 ITR 14 (<\/em><\/strong>Delhi<\/em><\/strong>) <\/em><\/strong>
\n S. 41(1) : Future Sales-tax Liability is paid, there is no “remission” -Sales tax deferral Scheme<\/u><\/strong> <\/u><\/strong>
\n There is no remission in case of payment of future sales tax liability .Two basic ingredients necessary for application of s.41 are, First, the assessee should have obtained an allowance or deduction<\/strong> in respect of any loss, expenditure or trading liability and second, the assessee should have subsequently (i) obtained any amount in respect of such loss or expenditure or (ii) obtained any benefit<\/strong> in respect of such trading liability by way of remission or cessation<\/strong> thereof; <\/p>\n

Sulzer India Ltd. vs. Jt. CIT (Mum.)(Trib.)(SB) Source: www.itatonline.org<\/em><\/strong>
\n S. 43(1) : Depreciation – Actual Cost – Foreign Exchange forward contract – (S. 43A)<\/u><\/strong>
\n Where the foreign exchange contracts were made by the assessee for the purpose of acquiring capital assets and the forward contracts were settled during previous year relevant to the assessment year under appeal, the claim of the assessee to adjust the loss on settlement being legitimate, the said loss needs to be added to the cost of the concerned capital assets as per section 43A, and consequently, depreciation is to be allowed on the enhanced value of the capital assets.
\n JSW Steel Ltd. vs. ACIT (2010) 46 DTR 41 \/ 133 TTJ 742 (Bang.)(Trib.) <\/em><\/strong>
\n S. 43B : Deduction – Actual Payment – Unutilized  Modvat  Credit – Custom duty<\/u><\/strong>
\n Unutilised Modvat credit of earlier years cannot be treated as actual payment for the purpose of section 43B. Custom duty paid and allowed as deduction under section 43B is to be taken in to account in valuation of the closing stock.
\n CIT vs. Maruti Udyog Limited (2010) 218 Taxation 668 (SC)   <\/em><\/strong>
\n S. 44BB : Business of Exploration of Mineral Oils – (S. 9(1)(vii), 44D)<\/u><\/strong>
\n Feasibility study on implementation of cyclic steam stimulation carried out by the non-resident assessee in pursuance of a contract with ONGC was a study substantially and directly connected with the extraction of mineral oil, and therefore, receipt for such services are taxable under section 44BB and not under section 9(1)(vii) r.w.s. 44D.
\n ONGC as representative assessee of <\/em><\/strong>Alberta<\/em><\/strong> Research Council vs. Jt. CIT (2010) 46 DTR 21 \/ 133 TTJ 663   (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.) <\/em><\/strong>
\n S. 45 : Capital Gains – Business Income – Portfolio Management Scheme – [S. 28(i)]<\/u><\/strong>
\n The Tribunal has found that the lower authorities have taken into consideration only one factor i.e. Volume of transactions and not other factors hence, the matter was set aside to decide a fresh.
\n Sar Investment (P) Ltd. vs. Dy. CIT (2010) 40 SOT 566 (Ahd.)<\/em><\/strong>
\n S. 45 : Capital Gains – Cost of Acquisition – Tenancy Right – [S. 55(2)]<\/u><\/strong>
\n Assessee was in lawful possession of flat till issue of notice of eviction and statutory tenant after termination of tenancy right. Cost of acquisition of tenancy to be taken at nil.
\n Praful Chandra R. Shah (Late) vs. ACIT (2010) 5 ITR 598 (Mum.)(Trib.)<\/em><\/strong>
\n S. 45 : Capital Gains – Cost of Acquisition – Surrender of Tenancy Right -Market value of tenancy right <\/u><\/strong>
\n There is an important distinction between asset not having cost of acquisition and asset whose cost of acquisition cannot be determined. Asset sold by the assessee the property which was given to him on surrender of tenancy right. Cost of this asset is the market value of the tenancy right as on the point of time when it was surrendered. 
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\n Balmukund P. Acharya vs. ITO (2010) 45 DTR 281 \/ 133 TTJ 640  (Mum.)(Trib.)  <\/em><\/strong>
\n S. 45 : Capital Gains – Undisclosed Income – <\/u><\/strong>Sale<\/u><\/strong> of Shares – (S. 69)<\/u><\/strong>
\n Assessee having submitted copies of the contract notes, sales bills statement of account and confirmation from the broker to substantiate the sale of shares sold by him, and the Assessing Officer having failed to establish that the assessee has introduced his own unaccounted money, in the shape of the sale proceeds of shares, the impugned income disclosed by the assessee is chargeable to tax as capital gains and can not be treated as income from undisclosed sources.
\n Baijnath Agrwal vs. ACIT (2010) 133 TTJ 129 (<\/em><\/strong>Agra<\/em><\/strong>)(TM)<\/em><\/strong>
\n S. 45 : Capital Gains – Income from Undisclosed Sources – <\/u><\/strong>Sale<\/u><\/strong> of Shares -Contradictory Statement by Broker<\/u><\/strong>
\n Assessee having submitted copies of contract notes, bills, share certificates along with details of demand draft issued from the account of the broker to substantiate the sale of shares made by her and Assessing Officer having failed to establish that the assessee had introduced her own unaccounted  money in the shape of sale proceeds of shares, the transaction of sale of shares cannot be treated as non genuine for the reason that the broker made contradictory statements and the assessee was not allowed cross –examination and therefore, the sale consideration declared by the assessee is assessable as capital gain and not as income from undisclosed sources.
\n ITO vs. Bibi Rani Bansal (Smt) 133 TTJ 394 (<\/em><\/strong>Agra<\/em><\/strong>)(TM)     <\/em><\/strong>
\n S. 50 : Capital Gains – Land – Depreciation – Transfer of Undertaking<\/u><\/strong>
\n Land is not a depreciable asset. Section 50  deals only with the transfer of depreciable assets. Once land forms part of the assets of the undertaking and the transfer is of the entire undertaking as a whole, it is not possible to bifurcate the sale consideration. Sec. 50 applies when depreciable assets alone are transferred.
\n CIT vs. <\/em><\/strong>Coimbatore<\/em><\/strong> Lodge (2010) 328 ITR 69 (Mad.)<\/em><\/strong>
\n S. 50B : Capital Gains – Slump <\/u><\/strong>Sale<\/u><\/strong> – Cost of Acquisition<\/u><\/strong>
\n Assessee had sold entire undertaking with all its assets and liabilities together with licences, permits, approvals, registration, contracts employees and other contingent liabilities for a slump price, provisions of section 50B were applicable.
\n VSAT Industries Ltd. vs. ACIT (2010) 41 SOT 415 (Hyd.)  <\/em><\/strong>
\n S. 52 : Capital Gains – <\/u><\/strong>Sale<\/u><\/strong> of Shares to members of family<\/u><\/strong>
\n Where there was sale of shares to members of the family, there was no finding that any sum in excess of that declared was realized. Sale consideration can not be estimated by invoking section 52.
\n CIT vs. I. P. Chaudhari (2010) 328 ITR 7 (Delhi)<\/em><\/strong>
\n S. 54 : Capital Gains – Long term Capital Gains – Profit on sale of property used for purchase of residence house – Interest free deposit<\/u><\/strong>
\n Premises taken on licence under agreement for a period of two terms of eleven months against interest–free deposits, cannot be considered as purchase of residential house, hence, exemption under section 54 is not eligible.
\n Praful Chandra R. Shah (Late) vs. ACIT (2010) 5 ITR 598 (Mum.)(Trib.)  <\/em><\/strong>
\n S. 54F : Capital Gains – Investment in Residential House – Full value of consideration – (S. 50C)<\/u><\/strong>
\n For the purpose of deduction under section 54F full value of consideration shall be the value as specified in the sale deed for the purpose of computation of capital gains. Provision of section 50C can not be applicable as it contains only deeming provision. Full value of sale consideration as mentioned in other provisions of the Act is not governed by the meaning of full value of consideration as contained in section 50C of the Act .
\n Gyan Chand Batra vs. ITO (2010) 45 DTR 41 \/ 133 TTJ 482 (JP)(Trib.) \/ (Tax World) Vol. XLIV P 89 (August, 2010)  <\/em><\/strong>
\n S. 54F : Capital Gains – Investment out of sale proceeds of Capital Asset<\/u><\/strong>
\n For claiming exemption from Capital Gain under section 54F, there is no condition that the investment in the new asset should be from the sale consideration of the original asset. As the provisions of section 54F provides an option to the assessee to invest even within the period of one year before the date transfer of original asset, assessee having purchased the house with in a period of one year before the sale of capital asset, was entitled to the relief under section 54F.
\n CIT vs. R. Srinivasan (2010) 45 DTR 208 (Mad.)<\/em><\/strong><\/p>\n

S. 68 : Cash Credits – Share Application Money – Failure to produce Creditor<\/u><\/strong>
\n Substantial evidence was produced by assessee to prove creditworthiness of creditor and genuineness of share application. Mere failure to produce the creditor not material, hence the money can not be regarded as undisclosed income.
\n CIT vs. Orbital Communication (P) Ltd. (2010) 327 ITR 560 (Delhi)<\/em><\/strong>
\n S. 68 : Cash Credits – Gifts – No relation – No occasion – Gift not genuine <\/u><\/strong>
\n To prove the genuineness of gift, mere identification of gift amount through banking channels is not sufficient ,onus lies on the assessee to prove not only to establish identity of donor, but his capacity to make gift and also the occasion to make the gift. As the Donor refused to attend before the Assessing Officer, addition was justified under section 68.
\n Asha M. Agarwal vs. ITO (2010) 41 SOT 30 (Mum.)<\/em><\/strong>
\n S. 68 : Cash Credits – Gifts – Donor appeared in person<\/u><\/strong>
\n Donor appeared in person before the Assessing Officer and confirmed making of gift and reason which persuaded him to make gift, he being friend of assessee’s father who helped him in past. Donor also proved the source of gift. Addition under section 68 was deleted.
\n Avnish Kumar Singh vs. ITO (2010) 126 ITD 145 (<\/em><\/strong>Agra<\/em><\/strong>)(TM) <\/em><\/strong>
\n S. 80IA : Deductions – Profits and Gains from Industrial Undertakings – Infrastructure Undertakings – Payment received for notional treatment<\/u><\/strong>
\n Since the entire receipts whether of actual treatment or notional treatment of BMW (Bio Medical Waste treatment) by Municipal corporation of Greater Mumbai (MCGM), which were flowing from contract entered into by assessee with MCGM and direct relation with eligible enterprise and there was no trace of source of income, without eligible undertaking, it could be said that payment in respect of notional treatment of BMW was derived from eligible undertaking and eligible for deduction.
\n ITO vs. E. A. Infrastructure Operations (P) Ltd. (2010) 41 SOT 268 (Mum.) <\/em><\/strong>
\n S. 86 : Share of member of an Association of Persons or body of individuals in the income of the association or body – Company member of  an AOP – [S. 40(ba)]<\/u><\/strong>
\n There is no bar on a company, which is member of an AOP\/BOI, from getting benefits of section 86. The exclusion provided under section 86 by words “other than company or Co-operative society or a society registered under Societies Registration Act, 1860, would be applicable only to an association of persons or body of individuals and not to members thereof.
\n CIT vs. Ideal Entertainment (P) Ltd. (2010) 194 Taxman 81 (Mad.) <\/em><\/strong>
\n S. 90 : Double Taxation Relief – DTAA – India-UK – Dividend Income -International Taxation<\/u><\/strong>
\n If an assessee i.e. Resident of India, desires to get the tax credit in respect of dividend income from a UK company  available as per UK law, then he will be treated at par with resident of UK and amount received by assessee would then be deemed to increase by 1\/9th of dividend received from UK company for purpose of taxation under Indian Income Tax Act and tax credit can only be adjusted against his tax liability in India but he cannot claim refund, if any, in case his credit is more than his tax liability.
\n ACIT vs. Homy N. J. Dady (2010) 41 SOT 239 (Mum.)<\/em><\/strong>
\n S. 90 : Double Taxation Relief – Permanent Establishment – Hiring Dipper Dredger – DTAA – India-Netherlands – (S. 9(1)(i), 195, Art. 5, 6)<\/u><\/strong>
\n Assessee hired a dipper dredger under an agreement from a Dutch company and executed a dredging contract on its own utlising the said dipper dredger, the payment made by the assessee to the Dutch company was nothing but hire charges, and the dipper dredger which was leased to the assessee to be used under its direction, control and supervision can not be construed as PE of the Dutch company and therefore, payment of hire charges made by the assessee to the foreign company is not liable to be taxed in India and assessee was not required to deduct tax at source under section 195.
\n Dy. DIT vs. Dharti Dredging & Infrastructural Ltd. (2010) 46 DTR 1 \/ 133 TTJ 692   (Hyd.)(Trib.) <\/em><\/strong>
\n S. 90 : Double Taxation Relief – Permanent Establishment – Income deemed to accrue or arise in India – Business Connection – Services rendered through Indian Subsidiary – DTAA – India-USA – (S. 5(2), 9(1)(i), Art. 5, 7, 27)<\/u><\/strong>
\n Assessee a US company, providing IT enabled services to its clients by assigning or sub contracting execution of the contracts to its wholly owned Indian subsidiary EFI and supplying the relevant software and database to the latter free of charge has business connection in India within the meaning of section 9(1)(i) as well as a PE in the form of EFI as per Art. 5 of the Indo-US DTAA, profits attributable to the PE are to be worked out by applying the proportion of Indian assets, including EFI’s assets, to the aggregate of global profits and reducing resultant figure by the assessed profits of EFI.
\n EFunds Corporation vs. Asst. DIT (2010) 45 DTR 345 (<\/em><\/strong>Delhi<\/em><\/strong>)(Trib.)<\/em><\/strong>
\n S. 90 : Double Taxation Relief – In absence of “thin capitalization rules”, interest paid to shareholders for loans cannot be disallowed despite capital -Structure tax – Planning – [S. 36(1)(iii)]<\/u><\/strong> <\/u><\/strong>
\n In absence of “thin capitalization Rule”, interest cannot be disallowed by characterizing debt equity .Imposing of such rule on assessee in case where domestic companies are not subject to such rule will violate “non-discrimination” provisions under art 24 (5).
\n Bexis Kier Dabhaol SA vs. DDIT (Mum.)(Trib.) Source: www.itatonline.org<\/em><\/strong>
\n S. 92C : Transfer Pricing – Computation – Arm’s Length Price – International Taxation<\/u><\/strong>
\n For determining the ALP of international transactions with AEs the TPO should work out the profit disclosed by the assessee on those receipts and compare the result with the comparables of independent cases, and in that  exercise the domestic receipts are to be excluded for working out profit level indicator shown by the assessee in respect of the international transactions.
\n Dy. CIT vs. Startex Net Works (<\/em><\/strong>India<\/em><\/strong>) (2010) 45 DTR 1 (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.)<\/em><\/strong>
\n S.92C :Transfer Pricing- <\/u><\/em><\/strong>
\n High Court’s judgment on transfer pricing in cases not leading to “erosion of tax revenue” nullified Authorities to decide the issue without being influenced by observations made in impugned judgment.<\/em><\/strong>
\n Coca Cola India Inc v ACIT (S C).www.itatonline.org.<\/em><\/strong><\/p>\n

S.92C: Transfer Pricing-Trade mark and Brand.<\/u><\/em><\/strong>
\n High court judgment on transfer pricing of trade marks and brand licencing nullified .Supreme Court directed TPO to decide matter in accordance with law ,uninfluenced by observation of High Court.<\/em><\/strong>
\n Maruti Suzuki <\/em><\/strong>India<\/em><\/strong> v ACIT (SC) www.itatonline.org.  <\/em><\/strong>
\n S. 92B : Transfer Pricing – Adjustments – <\/u><\/strong>Enterprise<\/u><\/strong> Level Profits -International Taxation<\/u><\/strong>
\n TNMM does not permit the assessee or the Assessing Officer to compare enterprise level profits and make adjustments; TPO’s order is set aside and the matter is restored to the Assessing Officer for fresh adjudication.
\n DCI vs. Starlite (2010) 45 DTR 65 \/ 133 TTJ 425 (Mum.)(Trib.)<\/em><\/strong>
\n S. 92C : Transfer Pricing – <\/u><\/strong>Question of section 40A(2) not examined as exercise is “revenue-neutral”. Transfer Pricing Provisions should be extended to domestic transactions to “reduce litigation”.(S. 40A (2).<\/u><\/strong><\/p>\n

The assessee did not have any employee other than a company secretary and all administrative services relating to marketing, finance, HR etc were provided by Glaxo Smith Kline Consumer Healthcare Ltd. (“GSKCH”) pursuant to an agreement under which the assessee agreed to reimburse the costs incurred by GSKCH for providing the various services plus 5%. The costs towards services provided to the assessee were allocated on the basis suggested by a firm of CAs. The Assessing Officer disallowed a part of the charges reimbursed on the ground that they were excessive and not for business purposes<\/em> which was upheld by the CIT(A). However, the Tribunal deleted the disallowance on the ground that there was no provision to disallow expenditure on the ground that it was excessive or unreasonable unless the case of the assessee fell within the scope of section 40A(2)<\/em>. (See 290 ITR 35 (Del.)<\/em> for facts). The department challenged the deletion. HELD dismissing the SLP:
\n (i) The Authorities below have recorded a concurrent finding that the said two Companies are not related Companies under section 40A(2). As far as this SLP is concerned, no interference is called for as the entire exercise is a revenue <\/strong>neutral exercise<\/em>. Hence, the SLP stands dismissed. For other years, the authorities must examine whether there is any loss of revenue. If the Authorities find that the exercise is a <\/em>revenue neutral<\/strong> exercise, then the matter may be decided accordingly<\/em>;
\n (ii) The larger issue is whether Transfer Pricing Regulations should be limited to cross-border transactions or whether the Transfer Pricing Regulations be extended to domestic transactions<\/strong>. In domestic transactions, the under-invoicing of sales and over-invoicing of expenses ordinarily will be revenue neutral in nature, except in two circumstances having tax arbitrage such as where one of the related entities is (i) loss making or (ii) liable to pay tax at a lower rate and the profits are shifted to such entity;
\n (iii) Complications arise in cases where the fair market value is required to be assigned to transactions between related parties under section 40A(2). The CBDT should examine whether Transfer Pricing Regulations can be applied to domestic transactions between related parties under section 40A(2) by making amendments to the Act<\/strong>.
\n (iv) Though the Court normally does not make recommendations or suggestions, in order to reduce litigation occurring in complicated matters, the question of extending Transfer Pricing regulations to domestic transactions require expeditious consideration by the Ministry of Finance and the CBDT may also consider issuing appropriate instructions in that regard<\/strong>.
\n CIT vs. Glaxo Smithkline (Asia) (Supreme Court)<\/a> Source: www.itatonline.org<\/em><\/strong><\/strong><\/p>\n

\n<\/form>\n

S. 115W : Fringe Benefits – Operation of Air transport service – Free and Concessional Tickets – Jurisdiction of Officer to conduct enquiry<\/u><\/strong>
\n Assessee, who was engaged in operation of air transport services was liable to pay fringe benefit tax in respect amount paid to hotels to provide layover to its crew members. Assessee is liable to pay fringe benefit tax in respect of per diem allowances paid to pilots. Assessee is also liable to pay fringe benefit tax in respect of free and concessional tickets provided to its staff.
\n King Fisher Training & Aviation Services Ltd. vs. ACIT (2010) 41 SOT 279 (Bang.)   <\/em><\/strong>
\n S. 115JB : Book Profit – Company – Constitutional Validity – (S. 80IB, 115JA)<\/u><\/strong>
\n Legislature cannot be denied the power to curtail benefits earlier granted, as long as the subject matter of the legislative exercise lies within the domain of the legislative power conferred by the Constitution. Curtailment of the benefit under section 80IB, while enacting section 115JB earlier granted under section 115JA, is valid.
\n Jaintia Alloys (P) Ltd. vs. UOI (2010) 45 DTR 22 \/ 235 CTR 201 (Gauhati)<\/em><\/strong>
\n S. 115JB : Company – Book Profit – Interest – Retrospective Amendment – (S 234B.)<\/u><\/strong>
\n Assessee was not liable to pay interest under section 234B on the incremental amount of tax computed under section 115JB which arose due to retrospective amendment in section 115JB requiring book profit to be increased by the provision for deferred tax.
\n JSB Steel Ltd. vs. ACIT (2010) 46 DTR 41 (Bang.)(Trib.)<\/em><\/strong>
\n S. 127 : Transfer of Case – Reasons – Impugned Order<\/u><\/strong>
\n Impugned order made under sub section (2) of section 127 without reflecting any reasons for transferring the cases from one Assessing Officer to another Assessing Officer cannot be sustained.
\n Hemang Ashvinkumar Baxi (Dr.) vs. Dy. CIT & Anr. <\/em><\/strong>(2010) 45 DTR 38 (Guj.)<\/em><\/strong>
\n S. 127 : Transfer of Case – Reason – Impugned Order<\/u><\/strong>
\n Order under section 127(2) having been quashed and set aside, the transferee officer had no jurisdiction qua the petitioner (assessee) and, therefore, impugned notices under section 153C issued by the said officer cannot be sustained.
\n Parthasarathy Seshan Iyengar (Dr.) Dy. CIT & Anr. (2010) 45 DTR 40 (Guj.)<\/em><\/strong>
\n S. 127 : Transfer of Case – Without Notice and Reasons<\/u><\/strong>
\n It is mandatory to record reasons for transferring the case, hence, transfer of case without any notice and reasons quashed.
\n Chaitanya vs. CIT (2010) 328 ITR 208 (Bom.)<\/em><\/strong>
\n S. 142A : Estimation by Valuation Officer – Rejection of Books of Account – (S. 145)<\/u><\/strong>
\n When books of account are found to be correct and complete in all respects and no defects is pointed out therein, then addition on account of difference in cost of construction of a building cannot be made even if a report from DVO is obtained with in the meaning of section 142A.
\n Rajhans Builders vs. Dy. CIT (2010) 41 SOT 331 (Ahd.)   <\/em><\/strong>
\n S. 144 : Assessment – Best Assessment – Service of Notice by affixture, without trying other modes of service – Not valid<\/u><\/strong>
\n The Tribunal has held that there was no evidence that there was any refusal by the assessee to accept service of notice. The Tribunal had categorically held that no other mode was adopted and steps for service of notice were taken about a week before the time was expiring. The service by affixture was not proper service. High Court affirmed the order of Tribunal.
\n CIT vs. Kisahn Chand (2010) 328 ITR 173 (P&H)<\/em><\/strong>
\n S. 147 : Reassessment –Assessment u\/s 143 (1). Reopening on mechanical basis void even where section 143(3) assessment not made<\/u><\/strong> <\/u>
\n For purpose of reopening of assessment under section 147 ,AO must form and record reason before issuance of notice under section 148 .The reasons so recorded should be clear and unambiguous and must not be vague. There can not be any reopening of assessment merely on the basis of information received without application of mind to the information and forming opinion thereof.
\n Sarthak Securities vs. ITO (Delhi High Court)<\/a><\/em><\/strong> Source: www.itatonline.org<\/em><\/strong>
\n S. 148 : Reassessment – Not furnishing the recorded reasons before passing of the order – Order held to be illegal – Set aside<\/u><\/strong>
\n When a notice is issued under section 148, first the assessee has to file the return of income and then ask for reasons recorded for issue of such notice. Once assessee requests for supply of reasons recorded, the assessing officer bound to supply the same with in reasonable time. On the facts the assessing officer completed the assessment under section 143(3) \/ 147 without supplying the recorded reasons. As the assessing Officer has not followed the guidelines of the Apex court in GKN Driveshafts (India) Ltd. vs. ITO (2003) 259 ITR 19 (SC), the assessment order said to be invalid and the matter is set aside.
\n Bhabesh Chandra Panja vs. ITO (2010) 41 SOT 390 (Kol.)(TM)      <\/em><\/strong>
\n S. 154 : Rectification – Debatable Issue – Withdrawal of MAT Credit – Interest – (S. 234A, 234B)<\/u><\/strong>
\n Charging interests under section 234B and 234C in rectification proceedings for withdrawal of excess MAT credit is a debatable issue and therefore, it can not be done by invoking the provisions of 154.
\n CIT vs. Salora International Ltd. <\/em><\/strong>(2010) 45 DTR 213 (Del.)<\/em><\/strong>
\n S. 158BE : Search and Seizure – Block Assessment – Limitation – Last Panchnama<\/u><\/strong>
\n In view of Expln. 2 to section 158BE, the period of limitation of two years is to be counted from the date when the last Panchnama was drawn in respect of any warrant of authorization, if there were more than one warrants of authorization. In view of deeming provision, even an authorization which may not be the last authorization would become last authorization if it is executed and if Panchnama in respect is drawn last.
\n CIT vs. Anil Minda & Ors. (2010) 328 ITR 320 \/ 45 DTR 121 \/ 235 CTR 1 (<\/em><\/strong>Delhi<\/em><\/strong>)<\/em><\/strong>
\n S. 192 : Deduction of Tax at Source – Salary – (S. 271C)<\/u><\/strong>
\n Assessee is not required to deduct tax at source in regard to payments made by foreign company to its employees, as there was no record to show that amount paid by foreign company to its employees was made known to assessee or said amount was also disbursed to employees of foreign company through assessee. The assessee is not liable to pay penalty under section 271C, as there was no violation of section 192(1).
\n CIT vs. Indo Nissin Foods Ltd. (2010) 194 Taxman 144 (Kar.) <\/em><\/strong>
\n S. 192(3) : Deduction of Tax at Source from Salary – Unequal Deduction of Tax – Interest – (S. 201)<\/u><\/strong>
\n Sub section (3) of section 192 permits the person obliged to deduct tax to make adjustments in case of excess or deficient and also authorizes adjustment even in case of total failure to deduct tax during the financial year and therefore, assessee is not liable to pay interest under section 201(IA) for not deducting tax at source from salary payments in several months, when it has deducted tax in the remaining months.
\n CIT vs. Enron Expat Services Inc (2010) 45 DTR 154 \/ 194 Taxman 70 \/ 235 CTR 198 (Uttarakhand) <\/em><\/strong>
\n S. 194C : Deduction of Tax at Source – Contractor – Sub Contractor – Written contract is  not a condition precedent – Hiring of vehicles<\/u><\/strong>
\n When the turnover of the assessee exceeded monetary limit specified under clause (a) or clause (b) of section 44AB, the assessee was liable to deduct tax at source from payments made to sub contractors from vehicles were hired if amount payable exceeds the Rs. 20,000\/-, the contract may be writing or oral but liability to pay tax arises when recipient of said amount receives payment in excess of Rs. 20,000\/-.
\n J. Rama (Smt.) vs. CIT (2010) 194 Taxman 37 (Kar.)<\/em><\/strong>
\n S. 194C :Dedcution of  Tax at Source – Event Management – Contractual Service – Professional Service – Photography – (S. 194J)<\/u><\/strong>
\n Job awarded by the assessee to other parties in performance of duty as event manager has to be treated as a contractor and not sub–contractor and provisions of section 194(C)(1) is applicable. Art work and photography will also covered under section 194C(1), same will not be treated as professional service.
\n EMC vs. ITO (2010) 45 DTR 275 (Mum.)(Trib.) <\/em><\/strong>
\n S. 194J : Deduction of Tax  at Source – Professional Charges – Salary – Payment to Doctors – (S. 192)<\/u><\/strong>
\n Assessee hospital having engaged the services of doctors on the basis of agreements whereby the doctors are free to treat the patients at the hospital at their own discretion and time, without any supervision and control of the assessee and they are not on the pay roll of PF payments, there is no  element of employer and employee relationship  and therefore, the doctors are to be treated as consultants and tax has to be deducted under section 194J from payments made to them and not under section 192.
\n Dy. CIT vs. <\/em><\/strong>Yashoda<\/em><\/strong><\/strong>Super<\/em><\/strong><\/strong>Speciality<\/em><\/strong><\/strong>Hospital<\/em><\/strong> (2010) 133 TTJ 17 (Hyd.)(UO)<\/em><\/strong>
\n S. 197 : Tax Deduction at Source – Certificate – Double Taxation Avoidance Agreement – India-USA – (S.90)<\/u><\/strong>
\n As per the order of the DCIT, tax was directed to be deducted at 1.5% of the gross receipts for services rendered for earlier assessment year 2008-09 and in the absence of material on record or valid basis, Assessing Officer could not direct deduction of tax @ 15 percent.
\n Mckinsey & Company, Inc. – <\/em><\/strong>United States<\/em><\/strong> (Mckinsey <\/em><\/strong>US<\/em><\/strong>) vs. <\/em><\/strong>Union<\/em><\/strong> of India & Ors. (2010) 45 DTR 81 (Bom.)<\/em><\/strong>
\n S. 201(IA) : Interest – Deduction of Tax at Source from Salary – Unequal Deduction of Tax – [S. 192(1)]<\/u><\/strong>
\n Sub section (3) of section 192 permits the person obliged to deduct tax to make adjustments in case of excess or deficient and also authorizes adjustment even in case of total failure to deduct tax during the financial year and therefore, assessee is not liable to pay interest under section 201(IA) for not deducting tax at source from salary payments in several months, when it has deducted tax in the remaining months.
\n CIT vs. Enron Expat Services Inc (2010) 45 DTR 154 \/ 194 Taxman 70 (Uttarakhand)  <\/em><\/strong>
\n S. 226(3) : Recovery – Attachment – Garnishee Proceedings – Fixed Deposits – Fixed deposit is not the property of the assessee – (S. 222, 281B)<\/u><\/strong>
\n Order of attachment of the fixed deposits of the petitioners passed under section 281B and encashment of the fixed deposits after the expiry of the period of bank guarantee, was illegal and unjustified.
\n Gopal Das Khandelwal & Ors. vs. <\/em><\/strong>Union<\/em><\/strong> of India & Ors. (2010) 45 DTR 47 \/ 235 CTR 253 (All)<\/em><\/strong>
\n S. 226(3) : Recovery – Notice of Demand – (S. 156, 220, 222)<\/u><\/strong>
\n Before invoking the provisions of section 220 a demand notice  under section 156 is required to be served upon the assessee specifying the amount as well as the place and the person to whom such amount is to be paid and  therefore, in the absence of service of a demand notice under section 156 on the assessee, the very foundation of the recovery proceedings stands vitiated and the same cannot be sustained. Impugned notice under section 226(3) served upon the assessee’s bankers and recovery proceedings initiated against the assessee are quashed and set aside.
\n Sarswati Moulding works vs. CIT (2010) 46 DTR 25 (Guj.)<\/em><\/strong>
\n S. 234A : Interest – Assessable as Permanent Establishment (PE) – (S. 234B)<\/u><\/strong>
\n Income of the assessee who are non residents being assessable in the hands of PEs the same cannot be held liable to TDS under section 195 and therefore, assessees are liable to pay interest under section 234A and 234B.
\n EFunds Corporation vs. ADIT (2010) 45 DTR 345 (<\/em><\/strong>Del.<\/em><\/strong>)(Trib.)                <\/em><\/strong>
\n S. 244A : Refund – Interest – Belated Claim – Stock Option – Tax Deduction at Source on Salary<\/u><\/strong>
\n Tax deducted at source from the salary treating the stock option held to be not taxable as perquisites and refundable to the assessee, the department is directed to consider the claim for interest under section 244A on such refund.
\n Malliga D. vs. ACIT (2010) 45 DTR 146 (Kar.)<\/em><\/strong>
\n S. 244A : Refund – Interest – TDS Certificates filed in the course of Assessment Proceedings<\/u><\/strong>
\n TDS certificates were filed in the course of assessment proceedings. As the tax was deducted at source at the right time, interest under section 244A could not be denied. Provisions of section 244(2) are not attracted.
\n CIT vs. Larsen & Toubro Ltd. <\/em><\/strong>(2010) 235 CTR 108 (Bom.) <\/em><\/strong>
\n S. 244(IA) : Refund of tax – Accrual of Income – Interest<\/u><\/strong>
\n Interest on refund accrues only when the refund is granted.
\n K. Devayani Amma (Smt.) vs. Dy. CIT (2010) 328 ITR 10 (Ker.)<\/em><\/strong>
\n S. 245D(1) – Settlement Commission – Interest – (S. 234B, 154, 245J)<\/u><\/strong>
\n Interest under sections 234B  can be directed to be charged by the Settlement Commission only up to the order of admission of settlement application under section 245D(1) and not up to the final order of settlement commission under section 245D(4). The commission cannot reopen the concluded proceedings by invoking the proceedings under section 154 of the Act, to levy interest under section 234B that is not charged earlier in the order of settlement particularly in view of section 245I.
\n Brijlal and Others vs. CIT (2010) 46 DTR 153(SC) Source: www.itatonline.org<\/em><\/strong>
\n Editorial Note:<\/u><\/strong> In the light of the divergent judgements of the Supreme Court in CIT vs.  Anjum Ghaswala (2001) 252 ITR 1, CIT vs. Hindustan Bulk Carrier (2003) 259 ITR 449 and CIT vs. Damani Brothers (2003) 259 ITR 475, a reference was made to the Full Bench of the Supreme Court.<\/p>\n

S. 253(1) : Appellate Tribunal – Fixing the fees payable to Auditor – [S. 142(2A)]<\/u><\/strong>
\n In the absence of any specific provision empowering the Tribunal to hear appeal against fixation of audit fees payable to special auditors appointed under section 142(2A), appeal filed by the assessee against the order under section 142(2D), is not maintainable.
\n Sony Mony Electronics Ltd. vs. Dy. CIT (2010) 45 DTR 431 (Mum.)(Trib.)<\/em><\/strong>
\n S. 253(6) : Appellate Tribunal – Appeal Fees<\/u><\/strong>
\n Benefit of “pauper provisions” under 33 of CPC is confined to the underprivileged class of public which does not have means to pay the costs of litigation. Assessee  a lawyer, who is practicing before High Court, Debt recovery Tribunal and lower Courts and does not fit in the criterion  of an indigent person in Expl. 1 to Rule 1 of order 33 and therefore, she is not entitled to protection of order 33. Appeals are dismissed for want of payment of appeal fees.
\n Yashshree Yogesh Naik vs. Dy. CIT (2010) 45 DTR 249 \/ 133 TTJ 534 (Mum.)(Trib.)  <\/em><\/strong>
\n S. 254(1) : Appellate Tribunal – Additional Grounds – Departmental Appeal – Contrary to finding of Assessing Officer (Income Tax Appellate Tribunal Rules 11)<\/u><\/strong>
\n Department is not entitled to raise additional grounds contrary to finding of Assessing Officer. The duty of the learned Departmental representative is always confined to support the assessment order, he has widest power to argue on the matter involved in the appeal, but with the limitation that he cannot set up a new case contrary to the finding of the Assessing Officer. If such course is allowed, then it will amount to the learned departmental representative revising the assessment order under the grab of his arguments by usurping the power under section 263, which incidentally lies only in the domain of the commissioner, hence, additional oral ground was refused.
\n ITO vs. M. M. Textiles (2010) 5 ITR 547 (Mum.)(Trib.)<\/em><\/strong>
\n S. 254(1) : Appellate Tribunal – Additional Evidence<\/u><\/strong>
\n There is no need to make a formal application under rule 29 of the ITAT Rules for admission of the additional evidence. There is no error in the order of Accountant member admitting the additional evidence and sending it to the CIT for examination and decision.
\n Mascon Global Ltd. vs. ACIT (2010) 45 DTR 20 \/ 133 TTJ 257 (Chennai)(Trib.)(TM)<\/em><\/strong>
\n S. 254(1) : Appellate Tribunal – Jurisdiction – Finding in respect of other year<\/u><\/strong>
\n Tribunal cannot give a finding in respect of assessment of an year which is not subject matter of an year which is not subject matter of appeal.
\n Marubeni India P. Ltd. vs. CIT (2010) 328 ITR 306 (<\/em><\/strong>Delhi<\/em><\/strong>)<\/em><\/strong>
\n S. 254(2) : Appellate Tribunal – Rectification of Mistake – Second Rectification Petition<\/u><\/strong>
\n Once the power for rectification of the earlier order is invoked \/ exercised and an order is passed, such order merges with the earlier order of the Tribunal and another application for rectification under section 254 (2) can not be entertained.
\n CIT vs. Panchu Arunachalam (2010) 235 CTR 308 \/ 45 DTR 368 (Mad.)<\/em><\/strong>
\n S. 254(2) : Appellate Tribunal – Rectification of Mistakes – Direction is expunged – Cost of Trademark <\/u><\/strong>
\n Direction given to the Assessing Officer to assess the Capital Gain on transfer of trademark in question as short term capital gain if the same was registered with in six months being an unworkable direction in as much as the cost thereof has nowhere been determined nor it is determinable, an error has crept in the order of the Tribunal and consequently the said direction is expunged.
\n Trent<\/em><\/strong> Brands vs. ITO (2010) 133 TTJ 70 (<\/em><\/strong>Del.<\/em><\/strong>)(UO)<\/em><\/strong>
\n Editorial Note:-<\/u><\/strong>. Refer Judgment of Tribunal (2010) 127 TTJ 65 (Delhi) (UO).  
\n S. 260A : Appeal – High Court – Power to Review<\/u><\/strong>
\n High court has not only the power but a duty to correct any apparent error in respect of any order passed by it. High Court can entertain the application for review arising out of a judgment passed under section 260A.
\n D. N. Singh vs. CIT (2010) 235 CTR 177 \/ 45 DTR 259 (Pat.)(FB) <\/em><\/strong>
\n S. 263 : Revision – Reasons indicated by CIT<\/u><\/strong>
\n As the Tribunal has set aside the order of CIT, without dealing with the reasons indicated by CIT for exercising jurisdiction under section 263, therefore, matter remanded to the Tribunal for fresh decision.
\n CIT vs. KNR Patel (JV) (2010) 45 DTR 150 (Bom.)<\/em><\/strong>
\n S. 263 : Revision – Non-examination of issue<\/u><\/strong>
\n Non–Examination of issue by Assessing Officer does not per se make assessment order prejudicial to interest of revenue for revision under section 263. On merits Tribunal held that discharge of statutory function by ICAI does not amount to commercial or business activity<\/u> and eligible for exemption under section 10 (23C (iv) as also section 11 as educational institute.
\n Institute<\/em><\/strong> of <\/em><\/strong>Chartered Accountants<\/em><\/strong> of <\/em><\/strong>India<\/em><\/strong> vs. DIT Source: www.itatonline.org   <\/em><\/strong>
\n S. 269C : Acquisition of Immovable Property – Fair Market Value – Comparable <\/u><\/strong>Sale<\/u><\/strong> Instances<\/u><\/strong>
\n Competent authority having arrived at the fair market value of semi-commercial property in question on the basis of the consideration stated in the sale deed of a residential property and applying the popular perception that the rates of semi-commercial properties are almost twice  as much as that of residential properties, without referring to or relying upon any supporting material in this behalf and without looking in to valuation report of the approved valuer as submitted by the purchaser the “reasons to believe” as recorded by the competent authority were manifestly wrong and baseless and therefore, initiation of proceedings for acquisition of the property was illegal.
\n CIT vs. Green Valley Agro Mills Ltd. (2010) 45 DTR 10 (Del.)<\/em><\/strong>
\n S. 271(1)(c) : Penalty – Concealment – Book Profits – Income Computed less than Book Profits – (S. 115JB)<\/u><\/strong>
\n When total income computed under regular provisions is less than book profits and assessment made under section 115JB, penalty for concealment can not be levied.
\n S. V. Kalyanam vs. ITO (2010) 327 ITR 477 (Mad.)  <\/em><\/strong>
\n S. 271(1)(c) : Penalty – Concealment – Book Profit – (S. 115JB)<\/u><\/strong>
\n When computation of income was made under section 115JB and there was loss under normal provisions, concealment, if any did not lead to tax evasion at all and therefore, penalty under section 271(1)(c) could not be imposed.
\n CIT vs. Nalwa Sons Investments Ltd. (2010) 235 CTR 209 \/ 45 DTR 345 (Del.)<\/em>
\n S. 271(1)(c) : Penalty – Concealment – Treating the Business Loss as Speculative Loss<\/u><\/strong>
\n Penalty under section 271(1)(c), cannot be leviable, where the addition was made on account of treatment of business loss as speculative loss.
\n CIT vs. Bhartesh Jain (2010) 235 CTR 220 (<\/em><\/strong>Delhi<\/em><\/strong>)   <\/em><\/strong>
\n S. 271(1)(c) : Penalty – Concealment – Search and Seizure – Revised Return – Explanation 5 to section 271(1)(c) – (S. 132, 153A)<\/u><\/strong>
\n As the assessee has filed the revised return subsequent to search and not disclosed the speculative profit in original return, assessee is not eligible for immunity as per explanation 5 to section 271(1)(c) of the Income tax Act.
\n Ajit B. Zota vs. ACIT (2010) 40 SOT 543 (Mum.)<\/em><\/strong>
\n S. 271(1)(c) : Penalty – Concealment – Making  of a claim which is not sustainable in law – Deduction  under section 80HHC – Short Term Capital Loss <\/u><\/strong>
\n A mere making of  a claim, which is not sustainable in law, by itself, will not amount to furnishing of inaccurate particulars regarding income of assessee. When assessee had furnished full details and particulars of its income and it was under bonafide belief regarding allowability of claim penalty could not be levied.
\n Hindalco Industries Ltd. vs. ACIT (2010) 41 SOT 245 (Mum.)<\/em><\/strong><\/p>\n

S. 271D : Penalty – Cash Deposit – Money Lender – Reasonable Cause – (S. 269SS)<\/u><\/strong>
\n Assessee money lender accepting cash deposits in violation of provision of section 269SS, has been deleted considering the nature of business, status of the depositors and necessity from the point of view of the assessee.
\n P. Mallikharjuna Rao vs. Addl CIT (2010) 45 DTR 8 (Visakha)(Trib.)<\/em><\/strong><\/p>\n

S. 281B : Recovery – Attachment – Garnishee Proceedings – Fixed Deposits – Fixed deposit is not the property of the assessee – [S. 222, 226(3)]<\/u><\/strong>
\n Order of attachment of the fixed deposits of the petitioners passed under section 281B and encashment of the fixed deposits after the expiry of the period of bank guarantee, was illegal and unjustified.
\n Gopal Das Khandelwal & Ors. vs. <\/em><\/strong>Union<\/em><\/strong> of India & Ors. (2010) 45 DTR 47 \/ 235 CTR 253 (All.)<\/em><\/strong><\/p>\n

Gift Tax<\/u><\/strong>
\n S. 4(1)(a) : Gift Tax Act – Inadequate Consideration – Retirement from Firm – [S. 2(xii), 2 (xxiv)]<\/u><\/strong>
\n When a partner brings in his assets into the partnership firm by way of contribution he continues to have interest in the said asset, and the value thereof mentioned in the books of the partnership firm representing his interest does not truly reflect the market value of such property and therefore, such transfer cannot be treated as a deemed gift under section 4(1)(a) by taking into account the amount received by the partner on retirement from the firm.
\n CIT & Anr. vs. Jayalakshmamma (Smt.) (2010) 45 DTR 61 \/ 235 CTR 146 (Kar.)<\/em><\/strong><\/p>\n

Wealth tax<\/u><\/strong>
\n S. 2(ea) : Wealth Tax – Asset – Urban Land – Land on which construction not permissible<\/u><\/strong>
\n Land on which  construction of a building is not permissible under any law  for the time being in force is not an urban land and as such, is not an asset within the meaning of section 2(ea).
\n Prabhakar Keshav Kunde vs. CIT (2010) 235 CTR 119 \/ 45 DTR 267 (Bom.)<\/em><\/strong>
\n S. 2(ea) : Wealth Tax – Assets – Commercial Assets<\/u><\/strong>
\n Commercial asset used by an assessee in business of letting out properties cannot be treated as an “asset” for purpose of Wealth Tax.
\n CWT vs. Sahnkaranarayana Industires & Plantations (P) Ltd. <\/em><\/strong>(2010) 194 Taxman 189 (Kar.) <\/em><\/strong>
\n S. 2(m) : Net Wealth – Debt Owned – Loans for Working Capital<\/u><\/strong>
\n Loans obtained for working capital against security of lands, is not debt incurred in relation to lands, hence can not be deducted while computing net wealth. There is marked difference between the two expressions “debt secured on property” and “debt incurred in relation to such property” used in the pre amended provisions of section 2(m)(ii) of the Wealth Tax Act, 1957. It is not necessary that every debt secured on a property is a debt incurred in relation to such property.
\n Phonix International Ltd. vs. Dy. CWT (2010) 5 ITR 787 (<\/em><\/strong>Delhi<\/em><\/strong>)(Trib.)    <\/em><\/strong>
\n Wealth Tax – Valuation – Immoveable Property – Gross Maintainable Rent -Market Rent – Actual Rent – (Sch. III, Rule 3, 4, 5)<\/u><\/strong>
\n Property in question being subject to Rent Control Act, and the “standard rent” thereof not being higher than the actual rent received which has been assessed by the IT authorities, valuation of property for wealth tax purpose is to be determined only on the basis of the actual rent received.
\n Jt. CIT vs. Prayasvin B. Patel (2010) 46 DTR 52 (Ahd.)(Trib.)    <\/em><\/strong><\/p>\n

GENERAL LAW<\/u><\/strong> <\/u><\/em><\/strong>
\n Cr. PC, 1973 – S. 482, IPC; 1860 – Ss. 406\/120-B; Income-tax Act, 1961 – Ss. 192, 200, 206, 271-C, 276-B & 276-BB: Quashing of proceedings relating to TDS – Dispute as to TDS – Appropriate remedy – Income tax – Criminal proceedings – Quashment<\/u>
\n Where proceeding is of civil nature which cannot be adjudicated by a criminal court, the High Court would be justified in exercising its inherent jurisdiction and quashing the same. The High Court erred in refusing to exercise its jurisdiction under section 482 and passing a cryptic order without assigning any reasons therefore when complaint did not disclose any offence of criminal nature. In face of assertion made by appellants that deduction towards income tax were made from salaries of all employees liable to pay the same in view of the statutory provisions of the IT Act, appropriate remedy for respondent was to approach authority\/officer concerned. Moreover, report of SI had indicated that the matter in issue was civil in nature. Proceedings against appellants were quashed.
\n Rajeswar Tiwari and Others vs. Nanda Kishore Roy (2010) 8 SCC 442<\/strong><\/p>\n

Income Tax Appellate Tribunal – Appointment of Vice President of the ITAT is by merit-based selection and not seniority. No reservation for OBC<\/u><\/strong> <\/u><\/strong>
\n Appointment to post of vice-President has to be made on basis of merit from amongst members by method of selection and not on basis of seniority. No reservation to be applied in case of appointment not by way of direct recruitment.
\n Sunil Kumar Yadav vs. UOI & B. R. Mittal vs. UOI (CAT) Source: www.itatonline.org<\/a><\/em><\/strong><\/p>\n

Income Tax Appellate Tribunal – <\/u><\/strong>ITAT President requested to make it compulsory for assessees to file form no 36 when there is change of address instead of merely intimating vide letter – President is requested to amend the form<\/u><\/strong> <\/u><\/strong>
\n In case of change of address of assessee, Tribunal to make it mandatory to amend their appeal memo or cross objections and form no 36 to facilitate proper service of notice and avoid passing of ex-parte order.
\n Jagjivandas Nandlal vs. ITAT (<\/em><\/strong>Bombay<\/em><\/strong> High Court) Source: www.itatonline.org<\/a><\/em><\/strong><\/p>\n

Interpretation of Statute <\/u>
\n Explanation below a particular sub-section or a clause is intended to explain that particular sub-section or a clause only. But when Explanation is at the end of the section it is meant to explain the entire section.
\n DIT (Exemption) vs. Bagri Foundation (2010) 42 DTR 25 (Del.)<\/em><\/p>\n

Service Tax – Lease – Difference between Operating Lease, Finance Lease & Hire – Purchas-Service tax on leasing- S 65(12, &65 (105)(zm)-Finance Act 1994.<\/u><\/strong>
\n Leasing and hire purchase activities by NBFC’s and banks are financial activities, falling within the meaning of term “banking and financial services” the taxable event of “rendering of services” and thus eligible for service tax. Whereas operating lease is lease other than the financial lease, which is eligible for local tax\/VAT.
\n Association of Leasing & Financial Service Companies vs. UOI (2010) 46 DTR 209 (SC)<\/a> Source: www.itatonline.org<\/em><\/strong><\/strong>
\n Editorial Note:<\/u><\/strong> The question whether “operating \/ finance leases” are eligible for depreciation under section 32 is pending before the Special Bench in IndusInd Bank<\/strong><\/a>.<\/strong><\/p>\n

Writ – Art.  226 – Alternative Remedy<\/u>
\n Where the action of the assessing authority in issuing notice under section 148 was bad in law due to want \/ lack of jurisdiction then the availability of alternative remedy in form of appeal to the Commissioner of Appeals against the action of the assessing officer could not be a bar to invoke writ jurisdiction of the High Court.
\n Mihir Textile Ltd. vs. Jt. CIT (2010) 43 DTR 11 (Guj.)<\/strong><\/p>\n\n\n
\n

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No time to read through voluminous case reports? Can\u2019t separate the wheat from the chaff? Fret Not! The KSA Legal team will bring you up-to-speed with the choicest of case-law so you can focus your attention only on the important …<\/p>\n

Digest of important case law – October 2010<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-2313","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/pages\/2313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=2313"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/pages\/2313\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=2313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}