Case Summary - Revision by CIT
Summary and Review of Case Laws on Revision of Order by CIT u/s 263
Wednesday, 11 July 2018 17:15
Expenditure incurred for higher education in abroad on Director's Son is not incurred wholly and exclusively for the purpose of business - Bombay High Court
Published in
High Court Cases
Thursday, 12 May 2016 13:31
Disallowance of Expenses - When the findings of the CIT(A) and Tribunal is Purely Factual, Then No Substantial Question of Law Arises - Delhi High Court
Published in
High Court Cases
Monday, 09 May 2016 10:58
Permanent Establishment (PE) - Unless the Conditions of Paragraph 5 of Article 7 of the Indo-US DTAA is Satisfied, It Cannot be held that Nortel India Constituted a Fixed Place of Business of the Assessee - Delhi High Court
Published in
High Court Cases
Thursday, 03 March 2016 17:10
Salary paid to Ex-Patriates - Section 40(a)(iii) does not prescribe condition that the tax must be deducted and paid within time - Deduction to be allowed - Delhi High Court
Published in
High Court Cases
Tuesday, 01 March 2016 16:42
Search & Seizure u/s 132 - Addition on the basis of seized documents - When the Assessee offered a plausible explanation, It is not open to the AO to draw an inference on the basis of the projection in the document - Delhi High Court
Published in
High Court Cases
Friday, 19 February 2016 14:06
ITAT failed to examine grounds urged by the Assessee on the rule of consistency as far as treatment of the interest income earned by the Assessee - Matter remitted back - Delhi High Court
Published in
High Court Cases
Wednesday, 03 February 2016 12:32
Permanent Establishment (PE) - Project office used as communication channel falls within the exception of clause (e) of paragraph 3 of Article 5 of the DTAA and cannot be construed as the Assessee’s PE in India - Delhi High Court
Published in
High Court Cases
Tuesday, 12 January 2016 16:15
Reassessment u/s 147/148 is invalid when the assessee had disclosed all the material facts necessary for making the assessment and there was no failure on his part - Allahabad High Court
Published in
High Court Cases
Analysis of Transfer Pricing, International Transactions Case Laws
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Foreign Travel for expansion is Revenue in nature - Capital Gains cannot be business income when assessee maintains two portfolios - Bombay Tribunal
Business Match Services (I) Pvt. Ltd. vs. DCIT Read More -
Expenditure incurred by the assessee on issue of Foreign Currency Convertible Bonds (FCCB) is revenue expenditure - Hyderabad Tribunal
Gati Limited vs. Income Tax Officer Read More -
Transfer Pricing - When functionally dissimilar the same should be excluded for benchmarking the international transactions - Mumbai Tribunal
TA Associates Advisory P. Ltd. vs. DCIT Read More -
Transfer Pricing - All You Need to Know about Secondary Adjustments - An Indian Perspective
The concept of arm’s length price is the cornerstone of transfer pricing. It provides that a transaction entered into between… Read More
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