DADIBA KALI PUNDOLE ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOMEM TAX -17(1), MUMBAI

The appeal of the assessee is allowed

Bench: Shri Pawan Singh, Jm & Ms Padmavathy S, Am

disallowance 7. Having accepted the fact that the Appellant was an auctioneer, and that he was entitled to further TDS credit of Rs. 2,19,46,625/-, the learned Commissioner of Income Tax (Appeals) ought to have allowed the said TDS credit. 8. The learned Commissioner of Income Tax (Appeals) erred in denying TDS credit to the tune

DEPUTY COMMISSIONER OF INCOME TAX- 4(3)(1), MUMBAI vs. SPECIALITY PAPERS LIMITED, MUMBAI

Appeal of the revenue is partly allowed for statistical purposes

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

disallowing the business loss claimed by the assessee in the return of income. Subsequently the AO received the following information from DDIT(Inv) Unit-4(1), Mumbai dated 02.06.2020 – “(a) As per information, the appellant had entered into transactions with some companies during the FY 2012-13 and the pattern of transactions indicates the layering of funds and it leads

SEADRILL INTERNATIONAL LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX-INTERNATIONAL TAXATION-4(2)(1), MUMBAI

The appeal of the assessee is allowed

194Q\n22. If we accept the contention of the revenue, then it would lead to a\nsituation where calculation of tax of reimbursement of taxes would\ntantamount to collection of tax on taxes. Section 44B(2) of the Act provides\nfor deemed taxation on amount paid or payable / received on account of\n'carriage' of goods, passengers, etc. Further

ORIENT OVERSEAS CONTAINER LINE LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)-CIRCLE 3(2)(2) , MUMBAI

194Q\n22. If we accept the contention of the revenue, then it would\nlead to a situation where calculation of tax of reimbursement of\ntaxes would tantamount to collection of tax on taxes. Section\n44B(2) of the Act provides for deemed taxation on amount paid or\npayable / received on account of 'carriage' of goods, passengers,\netc. Further, the Explanation

OCEANEERING INTERNATIONAL GMBH,MUMBAI vs. DCIT(INT. TAXATION)RANGE-3(2)(2), MUMBAI

In the result, ground no. 4 of the appeal is allowed for statistical\npurposes

194Q\n\n22. If we accept the contention of the revenue, then it would lead to a\nsituation where calculation of tax of reimbursement of taxes would\ntantamount to collection of tax on taxes. Section 44B(2) of the Act provides\nfor deemed taxation on amount paid or payable / received on account of\n'carriage' of goods, passengers, etc. Further