S. 28(i) : Business income-Interest on FDRs-Pledging fixed deposit receipts (FDRs) as margin with bank-Trading in crude palm oil (CPO)-Foreign Letters of Credit (FLCs) for oil import-Interest is assessable as business income and not as income from other sources-High sea sale-whether speculative-Not decided. [S.43(5), 56]
S. 12AA : Procedure for registration-Trust or institution-Pendency of assessment-CBDT Circular No. 1/2015-Entitle for exemption. [S.10(23C)(iiiad), 11, 12A]
S. 12AA : Procedure for registration-Trust or institution-Benefit of a particular sub-caste-Private religious trust-Rejection of registration is held to be justified.
S. 10AA : Special Economic Zones-Amendment in section 10AA(1) vide Finance Act, 2023 with effect from 1-4-2024-Exemption cannot be denied for not filing return of income within due date specified under section. 139(1) of the Act.[S.10AA(1), 139(1)]
S. 10 (23C): Educational institution-Registration-Matter remanded to the PCIT to consider whether such College and School could be treated as an independent entity under section 10(23C)(vi) in absence of separate PAN numbers.[S. 10(23C)(vi) 12AA]
S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Supply of equipment-Offshore sale of goods-Not taxable as FTS-DTAA-India-Ireland. [S. 5, 9(1)(vi), Art. 12]
S. 9(1)(vii):Income deemed to accrue or arise in India-Fees for technical services-Make available-Services rendered from outside India-Not liable to deduct tax at source-DTAA-India-UK.[S.9(1)(vi), 195, Art. 13(4)(c)]
S. 9(1)(vii):Income deemed to accrue or arise in India-Fees for technical services-Make available-Architectural, technological and project administration services-Not assessable as Fees for technical services-Reimbursement of market data charges-Not royalty-DTAA-India-USA.[S.9(1)(vi), Art. 12 (4)]
S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Information technology support services and management services-Neither royalty nor FTS-Not taxable-DTAA-India-France.[S.9(1)(vii), Art.13]
S. 9(1)(v) : Income deemed to accrue or arise in India-Interest Difference in Form 26AS-Profit and loss account-Interest on external commercial borrowing-DTAA-India-Nether land. [Art. 11(2)]