ITR(Trib) Issue Vol 9 part 7 dated 13-06-2011

ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS

ISSUE DATED 13-06-2011

Volume 9 Part 7

APPELLATE TRIBUNAL ORDERS

    --> Assessee engaged in business of development of software, premises and equipment including computers of temporarily let, lease income to be treated as business income : WNS Global Services P. Ltd. v. Addl. CIT (Mumbai) p. 662

    --> Where assessee not claiming exemption u/s. 10A provisions of s. 14A not applicable : WNS Global Services P. Ltd. v. Addl. CIT (Mumbai) p. 662

    --> Where object of assessee to promote and develop hockey in country and source of income is grant of income from Government, penalty u/s. 271B not applicable : ITO v. Indian Hockey Federation (Delhi) p. 692

    --> Where assessee not able to ascertain profits from new plant and machinery, assessee not entitled to special deduction u/ss. 80HH and 80-I : Joint CIT v. Thirani Chemicals Ltd. (Delhi) [SB] p. 696

    --> Routers and switches integrated with computers to be treated as computers entitled to higher rate of depreciation : Deputy CIT v. Datacraft India Ltd. (Mumbai) [SB] p. 712

    --> Expenditure incurred on commission paid to selling agents can be brought to tax in reassessment proceedings : Nuware India Ltd. v. Deputy CIT (Delhi) p. 728

    --> Expenditure incurred on telephone, maintenance and vehicles cannot amount to other income brought to notice of AO in reassessment proceedings : Nuware India Ltd. v. Deputy CIT (Delhi) p. 728

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Dear Friends : The emails are schedule to be posted in the blog and will sent to the group on carious dates and time fixed. Instead of sending it on one day it is spread on various dates. regards. R R Makwana

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