Azadi Bachao Vs McDowell

Case laws cited by Vodafone
UOI v. Azadi Bachao Andolan
Validity of CBDT Circular No. 789, providing that Mauritian tax residency certificate was sufficient proof to avail benefits under Indo-Mauritius DTAA, upheld: Supreme Court...
CIT v. Anglo Jute Mills Co. Ltd
Capital gains provisions inapplicable in the absence of any profits & gains on transfer; No ‘transfer’ on cancellation of Forward contract as it did not amount to ‘extinguishment...
CIT v. Assam Consolidated Tea Estates
Interest paid by subsidiary on loan advanced to it by holding company outside India not liable to be taxed in India despite such loan being advanced against purchase consideration for Indian business ...

Case laws cited by Income Tax Dept
McDowell v. Commercial Tax Officer
Court to ascertain legal nature of transaction, whether substance to be preferred over form; If transaction structured with a sole purpose to avoid tax, the same would be disregarded for determining t...
Laxmi Insurance Co. (P) Ltd v. CIT
Compensation received by insurance company from Government, pursuant to nationalization of insurance business is capital receipt...
National Cement Mines and Industries v. CIT
True nature of transaction to be ascertained from covenants of contract, in light of surrounding circumstances: Supreme Court...