https://www.taxtmi.com/caselaws?id=63398 The Tribunal held that M/s. Iraqi Airways, as a department of the Government of Iraq, is not a 'person' under sec. 2(31) of the Income-tax Act, making its income immune from Indian taxation. Notices served on the Sales Manager were deemed valid for proceedings u/s 139(2)/148. The status as an Association of Persons was rejected, clarifying Iraqi Airways' affiliation with the Government of Iraq. Income computation under Rule 10(ii) was favored over Rule 10(i), allowing for depreciation and carrying forward of losses if returns are filed timely. The Tribunal partially allowed the appeals, affirming Iraqi Airways' immunity from Indian taxation and specifying income computation methods. en-us Fri, 15 May 1987 00:00:00 +0530 Sat, 29 Jan 2011 17:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63398 The Tribunal held that M/s. Iraqi Airways, as a department of the Government of Iraq, is not a 'person' under sec. 2(31) of the Income-tax Act, making its income immune from Indian taxation. Notices served on the Sales Manager were deemed valid for proceedings u/s 139(2)/148. The status as an Association of Persons was rejected, clarifying Iraqi Airways' affiliation with the Government of Iraq. Income computation under Rule 10(ii) was favored over Rule 10(i), allowing for depreciation and carrying forward of losses if returns are filed timely. The Tribunal partially allowed the appeals, affirming Iraqi Airways' immunity from Indian taxation and specifying income computation methods. Case-Laws Income Tax Fri, 15 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63398