Volume 2 : Part 6
F Credit for TDS must be given to assessee u/s 205 : Ahluwallia and Associates v. ITO (Ahd.) p.582
F Where expenses incurred by assessee for earning salary as well as share in profits of the firm, proportionate disallowance to be worked out u/r. 8D: Dharmasingh M. Popat v. Asst. CIT (Mumbai) p. 586
F Receipt declared as income from other sources but expenses claimed against income from profession not allowable : Dharmasingh M. Popat v. Asst. CIT (Mumbai) p. 586
F Assessee sold units within three months from record date : loss to be ignored u/s.94(7): Tube Investments of India Ltd. v. Jt. CIT (Chennai) p. 612
F Where capital borrowed for business purposes and TDS from interest payment and deposited with Govt., addition to be deleted : Dy. CIT v. J.H. Finvest P. Ltd. (Delhi) p. 620
F Where assessee providing evidence regarding identity of share applicants, deletion of addition justified : Dy. CIT v. J.H. Finvest P. Ltd. (Delhi) p. 620
F Stocks brought into account from year to year and forming part of current stock, assessee entitled to deduction of loss in relevant AY : Dy. CIT v. Indroyal Furniture Co. P. Ltd. (Cochin) p. 628
F Payment of royalty towards right to use technical know-how with no asset of enduring benefit transferred in favour of assessee is revenue expenditure : Modi Revlon P. Ltd. v. Asst./Dy. CIT (Delhi) p. 632
F Advertisement expenses incurred for promotion of brand in interest of business of company allowable u/s 37: Modi Revlon P. Ltd. v. Asst./Dy. CIT (Delhi) p. 632
F Web hosting, web development, telephone handsets expenses, as revenue expenditure : Radial Marketing P. Ltd. v. ITO (Mumbai) p. 641
F Software development charges, capital expenditure : Radial Marketing P. Ltd. v. ITO (Mumbai) p. 641
F Assessee entitled to credit for TDS on foreign income : Rectification to allow credit proper : Asst. CIT v. Ms. Aishwarya K. Rai (Mumbai) p. 644
F Where service of assessment notice on company not denied, notice valid : Amrac Automotive India P. Ltd. v. Asst. CIT (Delhi) p. 649
F Reassessment notice sent to correct address, not received back : Power of attorney issued to CA after date of notice and subsequent notices issued : notice validly served : Avneesh Kumar Singh v. ITO (Agra) p.663
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