ITR'S TRIBUNAL TAX REPORTS (ITR (TRIB))
Volume 8 : Part 5 (Issue dated : 04-04-2011)
SUBJECT INDEX TO CASES REPORTED IN THIS PART
Appeal to Appellate Tribunal --Double Taxation Avoidance Agreement--Mutual assessment procedure--Does not preclude Tribunal entertaining appeal-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Business expenditure --Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable--Income-tax Act, 1961, ss. 40A(3), 263--Income-tax Rules, 1962, r. 6DD(j)-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Deduction of tax at source --Credit for tax deducted--No requirement of confirmation by deductors--Income-tax Act, 1961, s. 199-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
International transactions --Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level--Income-tax Act, 1961, ss. 92B, 92C, 92CA(3), 92F(ii)--Income-tax Rules, 1962, r. 10B(1)(e)-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
Interpretation of taxing statutes --Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides--Income-tax Act, 1961, s. 9(1)(vi)--Double Taxation Avoidance Agreement between India and the U. S. A., art. 12--Copyright Act, 1957, s. 14(a), (b), (d), (e)-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Words to be given plain meaning--Punctuation not to be treated as redundant-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Non-resident --Tax residency certificates issued by competent authority of another State--Entities cannot be treated as fictitious-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Revision --Commissioner--Erroneous and prejudicial to Revenue--Assessee Officer making enquiry and accepting assessee's case--Commissioner not entitled to revise on ground enquiry not adequate--Income-tax Act, 1961, s. 263-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Royalty --Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection--Income-tax Act, 1961, ss. 9(1)(vi), 115A, 234A, 234B --Double Taxation Avoidance Agreement between India and the U. S. A., art. 12-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Words and phrases --"Copyright"--"Copyrighted article"-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
SECTIONWISE INDEX TO CASES REPORTED IN THIS PART
Copyright Act, 1957 :
S. 14(a), (b), (d), (e) --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Double Taxation Avoidance Agreement between India and the U. S. A. :
Art. 12 --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Income-tax Act, 1961 :
S. 9(1)(vi) --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 40A(3) --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
S. 92B --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92C --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92CA(3) --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92F(ii) --International transactions--Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 115A --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 199 --Deduction of tax at source--Credit for tax deducted--No requirement of confirmation by deductors-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
S. 234A --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 234B --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 263 --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
----Revision--Commissioner--Erroneous and prejudicial to Revenue--Assessee Officer making enquiry and accepting assessee's case--Commissioner not entitled to revise on ground enquiry not adequate-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Income-tax Rules, 1962 :
R. 6DD(j) --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
R. 10B(1)(e)--International transactions--Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level--Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
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Volume 8 : Part 5 (Issue dated : 04-04-2011)
SUBJECT INDEX TO CASES REPORTED IN THIS PART
Appeal to Appellate Tribunal --Double Taxation Avoidance Agreement--Mutual assessment procedure--Does not preclude Tribunal entertaining appeal-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Business expenditure --Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable--Income-tax Act, 1961, ss. 40A(3), 263--Income-tax Rules, 1962, r. 6DD(j)-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Deduction of tax at source --Credit for tax deducted--No requirement of confirmation by deductors--Income-tax Act, 1961, s. 199-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
International transactions --Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level--Income-tax Act, 1961, ss. 92B, 92C, 92CA(3), 92F(ii)--Income-tax Rules, 1962, r. 10B(1)(e)-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
Interpretation of taxing statutes --Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides--Income-tax Act, 1961, s. 9(1)(vi)--Double Taxation Avoidance Agreement between India and the U. S. A., art. 12--Copyright Act, 1957, s. 14(a), (b), (d), (e)-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Words to be given plain meaning--Punctuation not to be treated as redundant-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Non-resident --Tax residency certificates issued by competent authority of another State--Entities cannot be treated as fictitious-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Revision --Commissioner--Erroneous and prejudicial to Revenue--Assessee Officer making enquiry and accepting assessee's case--Commissioner not entitled to revise on ground enquiry not adequate--Income-tax Act, 1961, s. 263-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Royalty --Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection--Income-tax Act, 1961, ss. 9(1)(vi), 115A, 234A, 234B --Double Taxation Avoidance Agreement between India and the U. S. A., art. 12-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Words and phrases --"Copyright"--"Copyrighted article"-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
SECTIONWISE INDEX TO CASES REPORTED IN THIS PART
Copyright Act, 1957 :
S. 14(a), (b), (d), (e) --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Double Taxation Avoidance Agreement between India and the U. S. A. :
Art. 12 --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
Income-tax Act, 1961 :
S. 9(1)(vi) --Interpretation of taxing statutes--Royalty--Definition--Meaning of--To be interpreted in terms of Act and DTAA--U. S. regulations or OECD commentary not proper guides-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
----Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 40A(3) --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
S. 92B --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92C --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92CA(3) --International transactions--Arm's length price--Transactional net margin method--Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 92F(ii) --International transactions--Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level-- Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
S. 115A --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 199 --Deduction of tax at source--Credit for tax deducted--No requirement of confirmation by deductors-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
S. 234A --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 234B --Royalty--Non-resident--Sale of "off the shelf software product" by U. S. based non-resident companies to independent Indian distributors--Payments by Indian distributors--Are royalty taxable in hands of non-resident companies--Appointment of Indian distributors is business connection-- Gracemac Corporation v. Asst. Director of Income-tax (Delhi) . . . 522
S. 263 --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
----Revision--Commissioner--Erroneous and prejudicial to Revenue--Assessee Officer making enquiry and accepting assessee's case--Commissioner not entitled to revise on ground enquiry not adequate-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
Income-tax Rules, 1962 :
R. 6DD(j) --Business expenditure--Disallowance--Payments in cash exceeding specified limit--Payment for labour and materials for construction in area where no banking facility available--Allowable-- Ramakant Singh v. CIT (No. 2) (Patna) . . . 505
R. 10B(1)(e)--International transactions--Arm's length price--Transactional net margin method --Determination only at transaction level not at industry level--Deputy CIT v. Ankit Diamonds (Mumbai) . . . 487
--
>>>>>>>>>>>>>>>>>>>>>>
Dear Friend
Please and immedietly remove my email id from your contact list. As I do not want to receive any invitation from the various friend sites you subscribe.
Thanks and regards.
Me on net : http://rajkumaratthenet.blogspot.com/
http://itronline.blogspot.com/
http://finance.groups.yahoo.com/group/It_law_reported
http://labs.google.co.in/smschannels/channel/rajkumarsms
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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."
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