Sunday, August 19, 2012

ITR (TRIB)) Volume 18 : Part 1 (Issue dated : 20-08-2012)


ITR’S TRIBUNAL TAX REPORTS (ITR (TRIB))
Volume 18 : Part 1 (Issue dated : 20-08-2012)

Assessment --Notice--Service of notice at address other than address shown on return--Notice returned unserved--No proper service of notice--Assessment invalid--That assessee participated in proceedings--Does not preclude right to object on ground of non-service of notice--Provision precluding assessee from taking such objection not applicable to assessment years prior to 2008-09--Income-tax Act, 1961, ss. 143(2), 292BB-- Ashok B. Bafna v. Deputy CIT (Mumbai) . . . 43

Deduction of tax at source --Payment of royalty to non-resident for hire of transponder--Payment from one non-resident to another non-resident made outside India--Deduction of tax at source not required--Income-tax Act, 1961, ss. 40(a)(i), 195-- B4U International Holdings Ltd. v. Deputy CIT (International Taxation) (Mumbai) . . . 62

Exemption --Special economic zone--Manufacture--Definition--Amendment--Clarificatory--Hundred per cent export oriented undertaking in special economic zone engaged in blending and export of tea--Is manufacturer entitled to exemption--Income-tax Act, 1961, ss. 2(29BA), 10A, 10B--Special Economic Zones Act, 2005, s. 2(r)-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

Industrial undertaking --Infrastructure facility--Special deduction--Inland port--Container freight station is inland port--Income entitled to deduction--Income-tax Act, 1961, s. 80-IA(4)-- All Cargo Global Logistics Ltd. v. Deputy CIT [SB] (Mumbai) . . . 106

Search and seizure --Assessment in search cases--Conditions precedent--Warrant of authorisation must be executed in name of assessee--Warrant in name of trust and assessee as managing trustee--Search executed in branches of bank--No search executed on assessee in individual capacity--No undisclosed income of assessee discovered--Assessment of assessee in individual capacity not permissible--Income-tax Act, 1961, ss. 132, 153A-- Dr. Mansukh Kanjibhai Shah v. Assistant CIT (Ahmedabad) . . . 80

----Assessment in search cases--Scope of proceedings--Abatement of pending assessments--Effect--Only one assessment for each assessment year separately on basis of findings of search and other material brought on record of Assessing Officer--Assessments not abating--Assessment to be made on basis of books or other documents not produced in course of original assessment but found in course of search and undisclosed income or undisclosed property discovered in course of search--Income-tax Act, 1961, ss. 132, 153A-- All Cargo Global Logistics Ltd. v. Deputy CIT [SB] (Mumbai) . . . 106

Words and phrases --†Manufacture†-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

SECTIONWISE INDEX TO CASES REPORTED IN THIS PART

 Special Economic Zones Act, 2005 :

S. 2(r) --Exemption--Special economic zone--Manufacture--Definition--Amendment--Clarificatory--Hundred per cent export oriented undertaking in special economic zone engaged in blending and export of tea--Is manufacturer entitled to exemption-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

Income-tax Act, 1961 :

S. 2(29BA) --Exemption--Special economic zone--Manufacture--Definition--Amendment--Clarificatory--Hundred per cent export oriented undertaking in special economic zone engaged in blending and export of tea--Is manufacturer entitled to exemption-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

S. 10A --Exemption--Special economic zone--Manufacture--Definition--Amendment--Clarificatory--Hundred per cent export oriented undertaking in special economic zone engaged in blending and export of tea--Is manufacturer entitled to exemption-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

S. 10B --Exemption--Special economic zone--Manufacture--Definition--Amendment--Clarificatory--Hundred per cent export oriented undertaking in special economic zone engaged in blending and export of tea--Is manufacturer entitled to exemption--Special Economic Zones Act, 2005, s. 2(r)-- Madhu Jayanti International Ltd. v. Deputy CIT [SB] (Kolkata) . . . 1

S. 40(a)(i) --Deduction of tax at source--Payment of royalty to non-resident for hire of transponder--Payment from one non-resident to another non-resident made outside India--Deduction of tax at source not required-- B4U International Holdings Ltd. v. Deputy CIT (International Taxation) (Mumbai) . . . 62

S. 80-IA(4) --Industrial undertaking--Infrastructure facility--Special deduction--Inland port--Container freight station is inland port--Income entitled to deduction-- All Cargo Global Logistics Ltd. v. Deputy CIT [SB] (Mumbai) . . . 106

S. 132 --Search and seizure--Assessment in search cases--Conditions precedent--Warrant of authorisation must be executed in name of assessee--Warrant in name of trust and assessee as managing trustee--Search executed in branches of bank--No search executed on assessee in individual capacity--No undisclosed income of assessee discovered--Assessment of assessee in individual capacity not permissible-- Dr. Mansukh Kanjibhai Shah v. Assistant CIT (Ahmedabad) . . . 80

----Search and seizure--Assessment in search cases--Scope of proceedings--Abatement of pending assessments--Effect--Only one assessment for each assessment year separately on basis of findings of search and other material brought on record of Assessing Officer--Assessments not abating--Assessment to be made on basis of books or other documents not produced in course of original assessment but found in course of search and undisclosed income or undisclosed property discovered in course of search-- All Cargo Global Logistics Ltd. v. Deputy CIT [SB] (Mumbai) . . . 106

S. 143(2) --Assessment--Notice--Service of notice at address other than address shown on return--Notice returned unserved--No proper service of notice--Assessment invalid--That assessee participated in proceedings--Does not preclude right to object on ground of non-service of notice--Provision precluding assessee from taking such objection not applicable to assessment years prior to 2008-09-- Ashok B. Bafna v. Deputy CIT (Mumbai) . . . 43

S. 153A --Search and seizure--Assessment in search cases--Conditions precedent--Warrant of authorisation must be executed in name of assessee--Warrant in name of trust and assessee as managing trustee--Search executed in branches of bank--No search executed on assessee in individual capacity--No undisclosed income of assessee discovered--Assessment of assessee in individual capacity not permissible-- Dr. Mansukh Kanjibhai Shah v. Assistant CIT (Ahmedabad) . . . 80

----Search and seizure--Assessment in search cases--Scope of proceedings--Abatement of pending assessments--Effect--Only one assessment for each assessment year separately on basis of findings of search and other material brought on record of Assessing Officer--Assessments not abating--Assessment to be made on basis of books or other documents not produced in course of original assessment but found in course of search and undisclosed income or undisclosed property discovered in course of search-- All Cargo Global Logistics Ltd. v. Deputy CIT [SB] (Mumbai) . . . 106

S. 195 --Deduction of tax at source--Payment of royalty to non-resident for hire of transponder--Payment from one non-resident to another non-resident made outside India--Deduction of tax at source not required-- B4U International Holdings Ltd. v. Deputy CIT (International Taxation) (Mumbai) . . . 62

S. 292BB --Assessment--Notice--Service of notice at address other than address shown on return--Notice returned unserved--No proper service of notice--Assessment invalid--That assessee participated in proceedings--Does not preclude right to object on ground of non-service of notice--Provision precluding assessee from taking such objection not app

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