ACIT vs UE Trade Corpn. India (P) Ltd.
Arm's length price-Powers of TPO v. Powers of AO-Law applicable-AY 2003-2004. Where the TPO fails to make a report on arm's length price after reference from AO, the AO has jurisdiction to determine arm's length pr [LexDoc Id : 399518]
Nirmal Ahluvalia vs O. Meenakshi
Dishonour of cheque: Mere averment that accused was also jointly and severally liable as director not sufficient to fasten vicarious liability under s.141-Averment showing only chairman-cum-director in charge of and responsible for conduct of company’s business, No liability against petitioner as director of company, Proceedings against petitioner quashed-The petitioner was the mother of the chairman-cum-director of the company. The chairman-cum-director placed orders on behalf of the company for supply [LexDoc Id : 410293]
HC (Chennai)
2010
ABN Amro Bank vs CIT
Computation of : income of Indian branch-Interest paid to head office-The assessee was the bank of Netherland. Its Indian branchpaid interest to it. the interest received was not chargeable to tax. The interest paid was [LexDoc Id : 405086]
