Thursday, February 11, 2010

Service Tax

Service tax is not leviable on 'sale' portion of photography service [P&H} : Source :

Income Tax

IT - Bad debts written off cannot be factor to determine ALP of any international transaction [ITAT-Mum.] : Source :

IT-BBC worldwide has no PE in India, its Indian agent is remunerated on an arm’s length basis which extinguishes any further tax liability on it [ITAT-Del.]

IT - Interest earned by a co-op. credit society on surplus funds cannot fall within "profits and gains of business" mentioned in section 80P(2) [SC] :

IT - Commission payment to whole time directors of a company is an allowable expenditure [ITAT-Del.} : Source :