S. 40(a)(ia) : Amounts not deductible-Deduction at source-Recipient has declared the payment in return and paid tax thereon-No disallowance can be made-Matter remanded.
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Recipient has declared the payment in return and paid tax thereon-No disallowance can be made-Matter remanded.
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Educational cess-Allowable as deduction.
S. 37(1) : Business expenditure-Bogus purchases-Failure to fie quantitative details-Matter remanded to Assessing Officer to give an opportunity of cross examination and to file quantity details.
S. 37(1) : Business expenditure-Management support services-Valuation of stock-cost or net realisable value-Sales promotion expenses-Allowable as deduction. [S. 145]
S. 28(i) : Business loss-Sales return-Allowable as business loss-Failure to challenge the revision order is not a bar for filing an appeal against the order passed pursuant of revision. [S. 250, 263, 254(1)]
S. 14A : Disallowance of expenditure-Exempt income-Investment made from own funds-Interest cannot be disallowed-Matter remanded-Disallowance cannot exceed exempt income. [R. 8D]
S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income-Investment from own funds-No disallowance can be made. [R. 8D]
S. 11 : Property held for charitable purposes-Development of minor ports in its State-Entitled to exemption. [S. 2(15)]
S. 10B : Export oriented undertakings-Interest income-Matter remanded. [S. 10B(4)]
S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Non-resident-Receipt of software licence fees from group entity in India-Receipt in nature of reimbursement-Not taxable-Payment received for Information Technology Services-Not taxable-DTAA-India-Sweden. [Art. 12]