Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Barclays Shared Services (P) Ltd. v. ACIT (2021) 202 DTR 185//(2022) 216 TTJ 228 (Pune)(Trib.)

S. 10A : Free trade zone-Interest income from short term fixed deposits-Cannot be classified profits of the business of undertaking-Not eligible for deduction-Expenditure incurred is reimbursed would be part of qualifying amount-Sale of fixed asset is included in qualifying amount-Not to be reduced for the purpose of qualifying amount-Sale of scrap-Expenses booked-Part of qualifying amount-Provision for leave encashment-Suo moto adjustment-Adjustment in profit is allowable-Amount of foreign exchange should be reduced from export turn over or total turnover. [S. 10AA]

Dy. CIT v. Hothur Mohamed Iqbal (2021)214 TTJ 996 / 208 DTR 385 / (2022) 192 ITD 64 (Bang.)(Trib.)

S. 10(10D) : Life insurance policy-Keyman insurance policy-Amended Explanation 1-Not eligible to claim exemption-No valid notice was issued-Order was quashed. [S. 143(2), 143(3)]

Krishnan Achary v. ITO (2021) 199 DTR 169 (Cochin)(Trib.)

S. 10(10C) : Public sector companies-Voluntary retirement scheme-Exist option scheme-Failure to produce certificate from the employer-Not entitle to exemption. [R. 2BA]

Norton Lifelock Inc. v. DCIT (2021) 210 TTJ 409 / 199 DTR 233 (Pune)(Trib.)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Distributors-Sold specific software products-Not royalty-No permanent establishment in India-Not taxable in India-DTAA-India-USA [S. 90, Art. 12]

Husco International Inc. v. ACIT (2021) 214 TTJ 751 / 207 DTR 457 / (2022) 192 ITD 273 (Pune)(Trib.)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Purchase of software products In absence of PE in India, software license fee would not be taxable as business profits-DTAA-India-USA [S. 9(1)(i), 9(1)(vii), Art. 12]

Gemological Institute International Inc. v. CIT (2021)214 TTJ 393 / (2022) 192 ITD 83 / 211 DTR 139 (Mum.)(Trib.)

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Reimbursement of expenses-Not taxable as fees for technical services-DTAA-India-USA. [Art. 12]

Autodesk Asia Pte Ltd. v. Dy.CIT(IT) (2021) 91 ITR 1 (SN) (Bang.) (Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Non-Resident-Receipts from sale of computer software to Indian distributors and end users with ancillary services not taxable in India.

Teradata Operations Inc v. Dy. CIT (2021) 209 TTJ 770 / 200 DTR 225 (Delhi)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Relocation expenses of employees-Profit attributable to PE-Matter remanded-DTAA-India-USA. [S. 90, Art. 7]

Teradata Operations Inc v. Dy. CIT (2021) 209 TTJ 770 / 200 DTR 225 (Delhi)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Relocation expenses of employees-Profit attributable to PE-Matter remanded-DTAA-India-USA. [S. 90, Art. 7]

Sumitomo Corporation v. DCIT (IT) (2021) 213 TTJ 137 (Delhi)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Foreign company-Making supplies from outside India-No income has accrued to it in India-Supervision of installation and had received supervision fee separately which is offered to tax in India-No permanent Establishment in India-Income from supplies not taxable in India-DTAA-India-Japan. [Art. 5, 12(2)]