Income Tax – Higher Rate of Depreciation on Dumpers and Tippers – Sub-item 2(ii) of Item III of Appendix I to Income-tax Rules, 1962 – The Respondent, engaged in hiring of heavy earth moving machinery and mining services, claimed the higher rate of depreciation on dumpers and tippers used under comp...
Income Tax - Taxability of waived brand royalty and management fees of a non-resident under India-Switzerland DTAA where the Indian payer deducted tax and credited the amount - Respondent, a Swiss company, was entitled to brand royalty and management fees from its Indian subsidiary, which debited th...
Income Tax - Taxability of maintenance, support and training receipts as Fees for Technical Services under India-Singapore DTAA - Respondent, a Singapore resident holding a valid Tax Residency Certificate, sub-licensed software to Indian clients and rendered maintenance, support and training service...
Income Tax – Disallowance under section 14A read with Rule 8D(iii), Adequacy of AO’s satisfaction and computation of average value of investments – Assessee, engaged in mining and processing of iron ore, suo moto disallowed expenditure under section 14A, and the AO applied the formula of 0.5% of ave...
Income Tax – Validity of reassessment under section 147 on issues already examined pursuant to revisionary proceedings under section 263, Original assessment was completed under section 143(3) – Principal Commissioner passed an order under section 263 setting aside the assessment on two issues, name...