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Twenty First Century Securities Ltd. v. ITO

Section 201(1A)

Deduction of tax at source at lower rate is person specific and cannot be extended to amounts specified by recipient of payment while making an application for grant of certificate under section 197, hence, interest under section 201(1A) not leviable…

Dy. CIT v. United Home Entertainment (P.) Ltd.

Section 37(1)

Assessee company incurred dubbing cost for translating foreign language programs into Indian languages, which programs could not be utilised for earning revenue without dubbing, therefore the expenditure so incurred amounted to capital expenditure…

Hinduja Global Solutions Ltd. v. Dy. CIT

Section 92C

Company engaged in providing highly technical and specialised engineering service which comes in the category of KPO could not be accepted as a comparable for a company engaged in providing BPO services…

Coronation Agro Industries Ltd. v. Dy. CIT

Section 148

Where in a case there was reason to suspect and not reason to believe that income chargeable to tax had escaped assessment, in such a case notice issued for reopening assessment was without jurisdiction.…

Mahadev Balai v. ITO

Section 54B

Assessee could not be granted deduction under section 54B in case sale proceeds of agricultural land owned by him, had been invested in the name of spouse, as the word "assessee" as appearing in section 54B was to be accorded a legal interpretation in pl…

Westland Buildtech (P.) Ltd. v. ITO

Section 69

Where, without rejecting books of account of assessee, matter was referred to DVO and there was no other material available with AO, apart from relying on valuation officer’s report to indicate that assessee made investment in purchase of plots…

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