Panasonic Avionics Corpn. vs DDIT
Interest chargeable Non- payment of advance tax-Tax not deducted by payer-A.Y. 2007-08.
The payer has a duty to deduct tax at source u/s 195. It the payer defaults, no interest can be charged from payee-assessee u/s 234 [LexDoc Id : 454916]
Bengal Tiger Line Ltd. vs DDIT
Income deemed to accrue in India-Income from 'Shipping Business' of non-resident-A.Y. 2003-04.
The assessee was a company of Cyprus and was in shipping business. It was registered in Cyprus and its effective management was in [LexDoc Id : 447411]
IHI Corpn. vs Addl. DIT
Interest for non-payment of advance-tax-Entire income chargeable to TDS-The assessee was a non-resident. The payer was liable for TDS u/s 195. No interest could be charged from assessee for non-payment of advance tax.
[LexDoc Id : 443742]
Willis Processing Services India (P) Ltd. vs DCIT
Export turnover-Technical fees for: Satellite Link Charges-A.Y. 2007-08.
The assessee processed data received from TPSL of UK and sent it back to UK via computers. The TPSL of UK had trained assessee's em [LexDoc Id : 446523]
Whirlpool of India Ltd. and Anr. vs UOI and Ors.
Validity of: Retrospective amendment-Expln. 1 cl.(i) to S. 115JB(2)-It is not unusual for the Legislature to make amendment with retrospective effect to cure the lacuna pointed by judicial decisions.
[The Gujrat v [LexDoc Id : 441130]
Sunil V. Motiani vs ITO
Income deemed to arise/accrue in India-Interest received as a partner - Rate of tax - Partner in India firm-A.Y. 2008-09.
The assessee was a resident of UAE. He was partner in an Indian firm from which he received interest income.
Though interest f [LexDoc Id : 450128]
DIT vs Goodyear Tire and Rubber Co.
Capital Gains - Treaty Shopping-Transfer of shares to subsidiary without consideration-No capital gains were assessable on transfer of shares to subsidiary with or without consideration as these were exempt u/s 10(38).
S. 10(38) of [LexDoc Id : 444146]
