Mahindra Bt Investment Co. (Mauritius) Ltd. vs DIT and Ors.
Maintainability of: Application for advance ruling-Violation of SEBI's guidelines by assessee-The application for advance ruling could not be rejected on the ground that the transactions raised in the questions were in breach of SEBI's guidelin [LexDoc Id : 449532]
ACIT vs GE India Industrial (P) Ltd.
Powers of Tribunal-Stay of penalty - proceedings-A.Y. 2004-05.
The Tribunal has the power to grant stay of penalty proceedings while the quantum appeal was pending before it.
S. 254(1) of [LexDoc Id : 453516]
DDIT vs Abu Dhabi Commercial Bank Ltd.
FTS v. commission-Commission for mobilizing bank deposits-A.Y. 2001-02, 2002-03.
The assessee bank received commission, arranger's fees from SBI, for mobilizing deposits. The fees received was not fees f [LexDoc Id : 454912]
ITAT (Mumbai)
2013
CIT vs Agnity India Technologies (P) Ltd.
ALP - Selection of Comparables-Giant company vis-à-vis captive Unit-A.Y. 2006-07.
A giant co. could not be taken as a comparable to a captive unit of parent co. and who assumed only limited risk.
S. 92C of th [LexDoc Id : 453129]
Sabic Innovative Plastic India (P) Ltd. vs DCIT
ALP - CUP method when not appropriate-Internal comparables-A.Y. 2008-09.
The TPO could not apply CUP method to take profit margin of internal comparables. CUP method was not applicable because this method [LexDoc Id : 448730]
