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Interconnectivity utility charges not taxable as royalty in absence of PE
Revocation of license of Customs broker not warranted on mere allegations of mis-declaration & under-valuation of goods
SBI short-term rate will prevail over LIBOR for benchmarking interest on trade-receivables
Sec 56(2)(vii)(b) cannot be invoked presuming that assessee had derived double benefit from issue of bonus shares
Valid TRC issued by Other Contracting State Authority is sufficient for grant of treaty benefits
Account payee check will not make any bogus transaction, genuine
Huge transactions in bank statements of investors is no basis to treat those transactions as bogus u/s 68
Interest paid on borrowings are allowable against FD income only if reasonable nexus exists between them
No service tax payable on penal interest & cheque bouncing charges
Research services provided on year-to-year basis without transferring technical skill, will not make receipts from same as FIS
