S. 11: Property held for charitable purposes-Development of industrial estates constitutes advancement of an object of general public utility-Exemption cannot be denied. [S. 2(15), 12]
S. 11: Property held for charitable purposes-Development of industrial estates constitutes advancement of an object of general public utility-Exemption cannot be denied. [S. 2(15), 12]
S. 10A: Free trade zone-Telecommunication expenses excluded from export turnover must also be excluded from total turnover. S. 10A.
S.10 (1) : Agricultural income-Capital asset-Agricultural land-Land situated within Gram Panchayat-Population below prescribed limit-Rural agricultural land not a capital asset-Estimation-Agricultural operations established by revenue records-Absence of regular books-Fair estimation of income justified.[S. 2(14)(iii),132(4), 153A]
S. 10(1) : Agricultural income-Hybrid seeds-Assessee not owner of agricultural land-Agricultural operations carried out jointly with farmers-Exemption allowable.
S. 9(1)(vi): Income deemed to accrue or arise in India-Royalty-Non-resident-Software licence-Grant of licence to use copyrighted software-No transfer of copyright or copyright rights-Receipts not taxable as royalty under India-Fees for technical services-Non-resident-Software support services-“Make available” condition not satisfied-Receipts not taxable as fees for technical services under India-Netherlands DTAA. [S.9(1)(vii),Art. 12]
S. 9(1)(vi): Income deemed to accrue or arise in India-Royalty-Fees for technical services-Non-resident-Cloud computing services-Receipts not chargeable as royalty or fees for technical services-Not liable to deduct tax at source-DTAA India-USA [S. 9(1)(vii), 195, Art. 12(3), 12(4)]
S. 9(1)(vi): Income deemed to accrue or arise in India-Royalty-Non-resident-Receipts from sale of online advertisement space not taxable as royalty or fees for technical services in absence of Permanent Establishment in India-DTAA-India-Ireland [S. 9(1)(1), 9(1)(vii) 195, Art.7(1)]
S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Intra-group advisory and management support services do not constitute FTS where they do not ‘make available’ technical knowledge, know-how or skill to the recipient-Not taxable in India-DTAA-India-UK. [Art. 13(4)(c)]
S. 4 : Charge of income-tax-Capital receipt-Government subsidy-Subsidy received for capital purposes is not taxable as a revenue receipt. [S.28(i)]
S. 271(1)(c): Penalty-Concealment-Furnishing inaccurate particulars of income-Penalty based on disallowance of payment treated as Fees for Technical Services-Quantum addition deleted-Penalty deleted.