Tianjin Tianshi India (P) Ltd. vs ITO
Disallowance of business expenditure - Failure to deduct tax at source-Salary payable abroad-A.Y. 2007-08.
The tax deducted at source on salary payable abroad was deposited before the due date u/s 139(1). No disallowance u/s 40(a)(iii).LexDoc Id : 452125]
ITAT (Delhi)
2013
Orient Overseas Container Line Ltd. vs Addl. DIT
Interest leviable-Non-payment of advance-tax-Entire income liable for TDS-A.Y. 2007-8, 2008-09.
The assessee was a non-resident shipping co. It's entire income taxable in India was liable far TDS u/s 195. No interest u/ [LexDoc Id : 455927]
TCL Holdings (P) Ltd. vs ACIT
Alp: Computation of-Comparable cases: vis-à-vis - Companies incurring loss in extraordinary circumstances-A.Y. 2007-08.
The company incurring losses due to extraordinary factors were not proper comparables.
The comparables should be functionally [LexDoc Id : 450131]
Maruti Suzuki India Ltd. vs DCIT
Validity of: Re-asstt.-Change of opinion-During the original assessment the claim of bad debts was allowed after raising a query and considering assessee's detailed reply. The notice to readi [LexDoc Id : 443188]
CIT vs Stratex Net Works India (P) Ltd.
International Transaction-Direct Service to Indian Customers-A.Y. 2004-05.
The assessee was undertaking commissioning installing and maintenance of micro wave link equipment, which were manufactured by its [LexDoc Id : 445072]
HC (Delhi)
2013
Rabo India Finance Ltd. vs DCIT and Ors.
Validity of: Re-asstt.-Tangible material in later year - Effect of order u/s 195(2)-A.Y. 2006-07.
The assessee was a subsidiary of a foreign bank. It had paid business support charges etc. to its holding company which were allowe [LexDoc Id : 448531]
