CIT vs Balaji Charitable Trust
Approval to charitable trust-Objects of donee charitable trust-The assessee was a charitable trust. It made donations to another trust which was recognized u/s 80G(5). The literature of donee trust was not filed. [LexDoc Id : 427179]
AMD Metplast (P) Ltd. vs DCIT
Business expenditure-Commission to Managing Director-A.Y. 2005-06. The assessee co. paid commission to it’s Managing Director, who was an employee, for services rendered. The payment was deductible.
[LexDoc Id : 425607]
DCIT vs Sona Okegawa Precision Forgings Ltd.
Determination of ALP – Payment of Royalty-Onus of TPO-Discharge of onus-Ay- 2005-06. The assessee a manufacturer of auto-parts paid royalty at 3% on domestic & export sales to an ‘AE’. In absence of any material to the con [LexDoc Id : 424990]
ITAT (Delhi)
2011
Escorts Cardiac Diseases Hospital Society vs ACIT
Application of income-Notional expenditure - Depreciation on Asset-The notional expenditure by way of depreciation is not application of income.
S. 11(1)(a) of the Income Tax Act 1961
[LexDoc Id : 424956]
Radials International vs ACIT
Business income v. Capital gains-Trading in shares thru- PMS-Ay- 2006-07. The assessee invested funds under a portfolio management scheme.[PMS.] The shares were traded by portfolio manager on assessee’s behalf. [LexDoc Id : 424053]
ITAT (Delhi)
2011
McDonald's India (P) Ltd. vs DCIT
Reference to TPO-Law applicable-The provisions of S.92CA(2A), empowering TPO to consider transactions not refund to were operative w.e.f. 1.6.2011 and will not apply to AY- 2002-03.< [LexDoc Id : 423996]
ITAT (Delhi)
2011
Harnam Singh Harbans Kaur Charitable Trust vs DIT
Approval in perpetuity u/s 80G-Law applicable, Deemed approval-The assessee was registered under s.12A and was recognized under s.80G from 8.9.1987 upto 31.3.2011. under s.80G(5)(vi). It move application for recog [LexDoc Id : 423994]
ITAT (Delhi)
2011
Sona Okegawa Precision Forgings Ltd. vs Addl. CIT
Alp: Computation of-Control manufacturer-Ay-2006-2007. Only a fraction of the goods manufactured by assessee were sold to AEs. Bulk sales were to unrelated parties. It was not a contract manu [LexDoc Id : 423877]
ITAT (Delhi)
2011
Glyph International Ltd. vs UOI and Ors.
Validity of: Services-tax-Tax on services received in India from abroad-The services tax on services provided from abroad and received in India was valid.
Ss. 65(1a), 66, 66A of the Finance Act, 1994 of the Income Tax [LexDoc Id : 423635]
Suresh Kumar D. Shah vs DCIT
‘Transfer’ Land Development Agreement-Accrual of Capital Gains-Ay-2002-2003 to 2007-2008. The assessee transferred his land to a building for development and had handed over the possession. Certain rights were giv [LexDoc Id : 423253]
Airport Authority of India vs CIT
Business expenditure-Removing encroachments-The expenses incurred to remove encroachments in and around airport for safety and security was business expenditure.
S. 37(1) of the Income Ta [LexDoc Id : 421477]
HC (Delhi)
2011
CIT vs Maruti Udyog Ltd.
Assessee deemed to be in default-(1) TDS on incentives to employee (2) Incentive paid to employees treated as exempt-A.Y. 2002-03.
The assessee had made payments under a VRS which it treated as exempt u/s 10(10C) r. w. r. 2BA. The payment made to employees was m [LexDoc Id : 421409]
