Tube Investments of India Ltd. vs ACIT
Validity of remand by Tribunal-TDS on: Commission/Brokerage, Trade incentive vs commission-AY 2005-06. The assessee was a manufacturer and seller of goods. The Tribunal remitted the matter to the AO to examine whether the trade incentive pai [LexDoc Id : 362925]
S.B. Billimoria and Co. vs ACIT
Diversion of income at source vs Application of income-Payments to retired partners-AY 2002-03. The payments made to retired partners whose date of retirement was predetermined as per agreement was application income and not diversion [LexDoc Id : 376853]
ITAT (Mumbai)
2008
ACIT vs SPL Polymers Ltd.
Validity of: Re-assessment-Non disclosure of primacy facts-In original proceedings the assessee had not disclosed that foreign currency loan taken for working capital was in fact used for repayment of earlier [LexDoc Id : 376674]
Rajesh Goyal and Sons vs CIT
Validity of revision by CIT-No failure to make necessary enquiry-AY 2003-04. During assessment the AO had enquired into the gifts received by assessee. After examining the relevant bank accounts and credit worthines [LexDoc Id : 362452]
ITO vs Basic Jewellery India (P) Ltd.
Computation of Income from export-Unabsorbed depreciation-AY 2002-03. The assessee was eligible for the deduction under s.10A. It had unabsorbed depreciation for AY 1996-97. The carry forward and set off of s [LexDoc Id : 360296]
ITAT (Mumbai)
2008
Tuareg Marketing (P) Ltd. vs ACIT
Work-Contract vs Sale of goods-Contract manufacturer-
AY 2005-06. The company was selling certain appliances under its brand name. It got those appliances manufactured from a contract manufacturer by pr [LexDoc Id : 360291]
Lucent Technologies International Inc. vs DCIT
Payment to non-resident-Payment for: Right to use software-The payment made to assessee for use of software was not royalty since the payment was made for use of copyrighted article and not for use of copyrigh [LexDoc Id : 358594]
Pipeline Engg. GMBH vs DDIT
Interest chargeable: Non-payment of advance tax-Entire income subject to TDS-The entire income chargeable to tax in India was subject to TDS under s.195. No interest under s.234B or under s.234C could be charged for non-payment [LexDoc Id : 355067]
