*ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS **ISSUE DATED 21-6-2010* * ***
*Volume 3 : Part 8*** * * * * *REPORTS* >> Tribunal has power to admit additional claim made by assessee when all facts brought on record at earlier stage : *Franco-Indian Pharmaceuticals P. Ltd. v. ITO (Mumbai) p. 754* >> Where specific finding regarding enquiry in assessment order, revision for failure to conduct enquiry not proper :* Vijay Kumar Megotia v. CIT (Patna) p. 760* >> Assessee not entitled to deduction in respect of commission earned on transport contract : *Muzaffar Nagar District Co-operative Development Federation Ltd. v. Asst. CIT (Delhi) p.763* >> Single payment to labourers through representative not exceeding prescribed limit ; assessee not liable to effect TDS u/s. 194C : *Dy. CIT v. Laxmi Protein Products P. Ltd. (Ahd.) p. 768* >> Assessee-company entitled to set-off of carry forward business loss when shareholding of assessee clubbed with group company exceeding 51 per cent. of voting power : *Amco Power Systems Ltd. v. ITO (Bangalore) p. 775* >> Payment of lump sum consideration for acquiring technical know-how deductible u/s. 35AB : *Amco Power Systems Ltd. v. ITO (Bangalore) p. 775* >> Penalty proceedings different from assessment proceedings : Necessary information furnished by assessee : Penalty deleted : *Dabwali Transport Company v. Asst. CIT (Chandigarh) p. 785 * >> Debts written off as bad debts allowable u/s. 36(1)(vii) : *Asst. CIT v. Rabo India Finance Pvt. Ltd. (Mumbai) p. 793* >> Assessee providing long-term financing and entities notified under provisions of s. 10(23G) entitled to exemption : *Asst. CIT v. Rabo India Finance Pvt. Ltd. (Mumbai) p. 793* >> No evidence that under agreement for logistics services technical knowledge, experience and skills made available ; payments not "fees for technical services" and assessee not liable to effect TDS u/s. 195: *Sun Microsystems India P. Ltd. v. ITO (Bangalore) p. 808 * >> Where assessee not claiming expenditure in its accounts, s. 69C cannot be invoked : *Asst. CIT v. Abhishek Exports (Ahd.) p. 823* >> -- http://finance.groups.yahoo.com/group/aaykarbhavan/ http://groups.google.com/group/aaykarbhavan http://finance.groups.yahoo.com/group/It_law_reported/ http://groups-beta.google.com/group/fun-finder http://finance.groups.yahoo.com/group/le-vech/ http://tech.groups.yahoo.com/group/groups_master/ -- Receive free SMS of finance updates and alert at mobile Cost free ----- aaykarbhavan:News about the aykarbhavan http://labs.google.co.in/smschannels/subscribe/aaykarbhavan ----- Good and Clean funny, informative motivational SMSes http://labs.google.co.in/smschannels/subscribe/rajkumarsms ----- Gandinagar, News about Gandhinagar , Gujarat http://labs.google.co.in/smschannels/subscribe/Gandhinagar ****** Or Join it by sending SMS go to write messge in your mobile type "on aaykarbhavan" / "on rajkumarsms" and sen it to 9870807070 Me on net : > >>>>>>>>>>>>>>>>>>>>> http://rajkumaratthenet.blogspot.com/ http://itronline.blogspot.com/ Virus Warning: Although the I have taken reasonable precautions to ensure no viruses are present in his email, sender (I) cannot accept responsibility for any loss or damage arising from the use of this email or attachment." -- You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/skorydovmytaxassistant?hl=en.
