Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


DIT(E) v. Karnataka Industrial Area Development Board (2020) 429 ITR 249 / (2021) 277 Taxman 36 (Karn.)(HC)

S. 11 : Property held for charitable purposes-Statutory Board under control of State Government-Entitled to exemption. [S. 2(15)]

PCIT(E) v. Surat Urban Development Authority (Suda) (2020) 429 ITR 474 / 275 Taxman 295 (Guj.)(HC)

S. 11 : Property held for charitable purposes-Town Planning Authority Constituted Under State Law-Entitled to exemption. [S.2(15), Gujarat Town Planning Act, S. 22]

CIT(E) v. Naroda Enviro Projects Ltd. (2020) 429 ITR 376 / (2021) 276 Taxman 50/ 190 DTR 228 (Guj.)(HC)

S. 11 : Property held for charitable purposes-Preservation of environment is charitable purpose-Institution engaged in management of liquid and solid wastes of industrial area-Entitled to exemption. [S. 2(15)]

CIT(E) v. Jamnagar Area Development Authority (2020) 429 ITR 412 / ( 2021) 276 Taxman 36 (Guj.)(HC)

S. 11 : Property held for charitable purposes-Authority constituted under State Town Planning Act-Entitled to exemption. [S. 2(15)]

CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 1) (2020) 429 ITR 207 / 276 Taxman 90 / 196 DTR 377 / (2021) 318 CTR 38 (Bom.)(HC)Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 ( SC) Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 / 283 Taxman 1 / 283 Taxman 6( SC)

S. 10B : Export oriented undertakings-Expansion of existing processing capacity-Eligible deduction. [S. 10B(7), Industrial, (Development and Regulation) Act, 1951, S.14]

CIT v. Zylog Systems Ltd. (No. 2) (2020) 429 ITR 88 / (2021) 276 Taxman 164 (Mad.)(HC)

S. 10B : Export oriented undertakings-Export turnover-Expenditure in foreign exchange for provision of technical services outside India is includible Amortisation expenses-Matter remanded to Tribunal. [S. 37(1), 254(1)]

CIT v. Zylog Systems Ltd. (No. 1) (2020)429 ITR 82 (Mad.)(HC)

S. 10B : Export oriented undertakings-Export turnover-Expenses incurred in foreign exchange to provide technical services outside India and for product development-Expenditure cannot be excluded from export turnover.

CIT v. Symphony Services Corporation (I.) Pvt. Ltd. (2020)429 ITR 26 (Karn.)(HC)

S. 10A : Free trade zone-Carry forward losses of technology park unit and current year loss of non-Software technology park unit -Before allowing the deduction-Reimbursement of expenditure towards telecommunication expenses and foreign travel expenses incurred in foreign currency are to be excluded from total turnover and for computation of deduction.

CIT v. NTT Data Global Advisory Services Pvt. Ltd. (2020)429 ITR 546 / (2021) 277 Taxman 1/ 198 DTR 133/ 319 CTR 13 (Karn.)(HC)

S. 10A : Free trade zone-Providing human resources services-Entitled to deduction.

CIT (LTU) v. IBM Global Services India Pvt. Ltd. (2020) 429 ITR 386 / ( 2021) 278 Taxman 72 (Karn.)(HC)

S. 10A : Free trade zone-Separate accounts need not be maintained- Undertaking starting manufacture on or after 1-4-1995 must have 75 Per Cent. of sales attributed to export-Apportionment of expenses is held to be reasonable-Sub-contractors giving software support to assessee on basis of foreign inward remittance-Claim by sub-contractors would not affect assessee’s claim. [S. 80HHE]