HC

HC: No tax holiday u/s 10A to Foreign branch.

Tax holiday is not available to foreign branch carrying on-site software development and full-fledged marketing operations.

Jan 12,2011

HC: Allowability of Depreciation when asset not in use.

When the assets form part of 'block of asset', they cannot be segregated for the purpose of calculating tax depreciation, even when there is no 'actual user' of asset during

Jan 12,2011

HC: Interest earned on foreign exchange- Not eligible u/s 80HHD.

Interest earned on short term deposits made out of foreign exchange advance received from foreign tourists is not eligible for deduction under section 80HHD -Delhi High Court

Jan 12,2011

HC: Offshore supply of equipments- Not taxable.

Offshore supply of equipments as a part of EPC contract is not taxable in India

Jan 12,2011

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