DDIT vs Egis BCEOM International SA
Royalty Income of non-resident - Computation of Income-Service-tax collected-A.Y. 2007-08.
The service-tax collected was not part of the gross receipts for computing royalty income of a foreign company u/s 44D r.w.s. 115A. [LexDoc Id : 445133]
Improvement Trust vs CIT
Charitable Purpose-Improvement Trust - Effect of: Proviso to S. 2(15)-The assessee was developing urban land for sale in plots by auction. It was charging fees for selling forms, land enhancement, building plan road cutt [LexDoc Id : 441370]
ITAT (Amritsar)
2012
Gurvinder Singh vs DIT
Interest payment delayed refund-Annulment of assessment-Block–period: 1.4.85 to 12.5.98.
The block-assessment made u/s 158BC was quashed. The interest u/s 132B(4) was allowed on refund of seized amount [LexDoc Id : 441280]
CIT vs Softworks Computers (P) Ltd.
Capital Receipt-Waiver of a capital loan-A.Y. 2001-02.
The assessee had taken a loan for relocation of its office premises.
It was a capital loan. The waiver of said loan was not in [LexDoc Id : 435621]
Andhra Pradesh State Seed Certification Agency vs Chief CIT and Ors.
Charitable Purpose-Certification of seeds - Effect of proviso to S. 2(15)-A.Y. 2010-11.
The object of assessee was in the nature of general public utility. It was formed to certify the seeds which met certain standards. [LexDoc Id : 436268]
CIT vs Evergrowth Telecom Ltd.
Business expenditure-Expenditure after setting up of business-A.Y. 1998-1999.
The PSTN charges and dealers' commission incurred after setting up of business and before commencement of business were deductble [LexDoc Id : 435620]
