Judgements by Jinesh Bhagdev

Whether TPO was correct in applying CUP instead of TNMM

Jinesh Bhagdev 13 October 2010 at 13:06

The only issue in assessee's appeal is against the adjustment of Rs.21,95,034/- made by the Transfer Pricing Officer in respect of transaction with associated enterprises which has been partly confirmed by Ld. CIT(A). The company is engaged in the ma

Posted in Income Tax | 2145 Views

Bombay High Court rejected the claim of depreciation on the

Jinesh Bhagdev 22 September 2009 at 11:27

Recently, the Bombay High Court in the case of various stock broking houses1 held that the depreciation cannot be granted on Bombay Stock Exchange Membership Card (BSE card) acquired on or after 1 April 1998 either by nomination or directly through

Posted in Income Tax | 2552 Views

Derivative Transaction

Jinesh Bhagdev 14 September 2009 at 13:27

Derivatives transactions having underlying asset as shares are covered under section 43(5) prior to the amendment (effective from AY 2006-07) exempting derivatives from the definition of ‘speculative transaction’

Posted in Income Tax | 3423 Views

DDIT v/s M/s Saraswati Holding Corporation Inc.

Jinesh Bhagdev 05 September 2009 at 12:11

Delhi Tribunal reaffirms that the taxpayer can claim the benefits of a double taxation avoidance agreement between India and Mauritius on the basis of a tax residency certificate

Posted in Income Tax | 2748 Views