| Monday, July 13, 2009 |
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1. M/S HYOSUNG CORPORATION (Authority For Advance Rulings) LANDMARK ADVANCE RULING DATED 17/6/2009 IN RELATION TO INTERNATIONAL TAXATION DEALING WITH A) AOP CONCEPT B) OFF SHORE SUPPLY C) SUPERVISORY PE UNDER DTAA.
2. M/S NIKO RESOURCES LTD. (Gujarat HC) While giving appeal effect to an ITAT order AO cannot transgress ITAT order.
3. SMT. BALA KAUL (Delhi HC) Loss on account of non recovery of advance made for purchase of shares on trading account to stock broker, in course of trade, is allowable as trading loss.
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"Voice of CA" CA. Kapil Goel, Moderator-Direct Taxes, Mob:9910272806, cakapilgoel@gmail.comCA. Sidharth Jain, Co-Moderator, Mob: 9810418700, sidhjasso@yahoo.com CA. Mukesh K Bansal, Co-Moderator-FEMA, mkak@rediffmail.com Click here for Team Voice of CA Chapters detail.
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