Biswanath Bhattacharya vs UOI and Ors.
Acquisition of property by illegal means-State empowered to deprive persons of enjoyment of such property-If a subject acquired property by means, which were not legally approved, sovereign would be perfectly justified to deprive such persons of the enjoym [LexDoc Id : 456183]
Tulip Star Hotels Ltd. and Peter Kerkar vs Special Director of Enforcement
Transactions of foreign exchange: Negotiations done with authorised officials of respective establishments-Factum of transactions not in controversy, No reason to allege violation of paragraph 3 of Memorandum of FLM issued by RBI, Impugned orders unjustified-The original authority had reached a conclusion that failure on part of the appellants to verify the authorisation in favour of persons concerned to b [LexDoc Id : 456008]
CIT vs Manaksia Ltd.
ALP-Scope of adjustments-International v. domestic transactions-The adjustments for ALP is to be made only in respect of "international transactions" and not in respect of whole turnover on assesseee.
S.92 [LexDoc Id : 459942]
HC (Calcutta)
2014
Tesco International Sourcing Ltd. vs DDIT
Income deemed to accrue in India-Liaison office-for procurement activities-A.Y. 2003-2004 to 2007-2008. TESCO of Hong Kong was acting as buying agent for its group cos. The assessee was one such liaison office of TESCO Group [LexDoc Id : 458712]
ITAT (Bangalore)
2014
J and P Coats Ltd., In re
Pendency of proceedings-Notice u/s 143(2) issued-The assessee had filed the return of income. The notice u/s 143(2) and u/s 142(1) were issued before the filing of application for Advance Ruling. The [LexDoc Id : 457763]
Deloitte Consulting India (P) Ltd. vs ACIT and Ors.
Power of Tribunal-Stay of penalty demand-A.Y. 2004-2005. The quantum appeal was pending before H.C. The entire tax and 25% of penalty was paid. The Tribunal could stay the penalty demand. The [LexDoc Id : 459941]
