2016-TIOL-INSTANT-ALL-286, Tuesday, Apr 26, 2016

2016-TIOL-INSTANT-ALL-286

26 April 2016

simply inTAXicating - Turf War: Intellectual Property Vs Competition Law

CIRCULAR

Clarification with regard to disposal of Call Book cases which have been decided by Courts or Board has issued clarification

CASE LAW

2016-TIOL-48-SC-IT + Story

ITC LTD Vs CIT : SUPREME COURT OF INDIA (Dated: April 26, 2016)

Whether when a hotel employee earns some tips from customers, such income is also chargeable to tax under the head 'salaries' u/s 192 - NO: SC

Whether income from tips are to be construed as income from other sources - YES: SC

Whether when an income does not confer any vested right in the employee to claim the same from the employer, the provisions of 192 do not get attracted - YES: SC

Assessee's appeal allowed

Thanking you for your support and cooperation.

Regards,
Customercare Executive,
Taxindiaonline.com Pvt. Ltd.

TIOL HOUSE, 490, Udyog Vihar, Phase - V
Gurgaon, Haryana - 122001, INDIA
Board : +91 124-2879600 Fax: +91 124-2879610
Web: http: //www.taxindiaonline.com
Email: tiolinstant@taxindiaonline.com
____________________________
CONFIDENTIALITY/PROPRIETARY NOTE.
The Document accompanying this electronic transmission contains information from Taxindiaonline.com ,which is confidential, proprietary or copyrighted and is intended solely for the use of the individual or entity named on this transmission. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. This prohibition includes, without limitation, displaying this transmission or any portion thereof, on any public bulletin board. If you are not the intended recipient of this document, please return this document to Taxindiaonline.com immediately.