GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

2015 (7) TMI 1127 - BOMBAY HIGH COURT

2015 (7) TMI 1127 - BOMBAY HIGH COURT - [2016] 386 ITR 151 - Addition on account of interest received from head office - Held that:- Tribunal was correct in holding that addition on account of interest received from head office has been wrongly made by the Assessing Officer. The respondent-assessee has not claimed benefit of the double taxation avoidance agreement. See DIT (Intnl. Txn.) v. Credit Agricole Indosuez [2015 (6) TMI 974 - BOMBAY HIGH COURT ] - Tribunal is correct in holding that .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tructed by M. S. Bodhanwalla and Co. JUDGMENT 1. These appeals by the Revenue challenges the common order dated March 22, 2013, passed by the Income-tax Appellate Tribunal (the "Tribunal") disposing of the cross appeals filed by the assessee as well as the Revenue before it for the assessment years 1998-99 and 1999-2000. 2. Mr. Tejveer Singh, the learned counsel for the Revenue reformulates question No. 1 for both the assessment years as under : "Whether on the facts and circumsta .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

olding that section 44C is not applicable and these expenses are allowable and under section 37(1) of the Income-tax Act without appreciating the fact that the travelling expenses are incurred on travelling of head office personnel who have travelled to various Indian branches and they are not employees of the Indian Branch." 4. So far as question No. 1 is concerned, it is agreed position between the parties that the issue arising herein stands covered against the Revenue and in favour of t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

12-7-2017 UTGST Rate

12-7-2017 UTGST Rate

12-7-2017 IGST Rate

More Notifications


Latest Circulars:

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

13-7-2017 Central Excise

13-7-2017 Customs

7-7-2017 Income Tax

7-7-2017 Goods and Services Tax

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version