AAR – New Delhi : The transfer of Undertaking from MEP Infra Toll Road Private Limited(‘MEPPL’) to the partnership firm in which the Applicant is considering to join as a partner through its Indian subsidiary, would in any manner, affect the allowability of deduction under section 80IA(4)(i) to the partnership firm

Authority For Advance Rulings (Income Tax), New Delhi Trade Circle Enterprises LLC, In Re Section : 245N Justice Dr. Arijit Pasayat, Chairman And T.B.C. Rozara, Member A.A.R. No. 1242 Of 2012 February 14, 2014 ORDER 1. Trade Circle Enterprises LLC, UAE is the applicant and the relevant facts stated in the application are as under:— (1) …

Madras H.C : When assessee is only a subscriber to a chit run by another concern, question of invoking mutuality principle does not arise by mere chance of other participants subscribing to chit scheme

High Court Of Madras V. Rajkumar vs. CIT, Coimbatore Assessment Year : 1996-97 Section : 4 Mrs. Chitra Venkataraman And T.S. Sivagnanam, JJ. Tax Case (Appeal) No. 2601 Of 2006 February 13, 2014 ORDER Mrs. Chitra Venkataraman, J. – The assessee is on appeal as against the order of the Income Tax Appellate Tribunal, dated 26.04.2006, …

Delhi H.C : Where assessee received certain amount as share application money, in view of fact that amounts used to subscribe to shares were deposited in bank accounts of parties on same day or on proximate days, and pay order given for applying to shares was issued from a far off bank branch, authorities below rightly concluded that transaction in question was sham and, therefore, share application money was to be brought to tax under section 68

High Court Of Delhi Onassis Axles (P.) Ltd. vs. CIT Assessment Year : 2007-08 Section : 68 S. Ravindra Bhat And R.V. Easwar, JJ. IT Appeal No. 31 Of 2013 C.M. Appl. No. 933 Of 2013 (For Exemption) February 13, 2014 ORDER C.M. APPL. 933/2013 (for exemption) S. Ravindra Bhat, J. – Allowed, subject to all …
Malcare WordPress Security