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HC - Karnataka HC Orders Revenue to Refund Rs.29.30 Cr to Myntra, Citing Insufficient Reasons for Withholding.
Myntra Designs Pvt. Ltd Vs The DCIT
(2023) TaxCorp(LJ) 32964 (HC-KARNATKATA)
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HC - Karnataka HC Overturns ITAT Decision on Working Capital Loan Waiver Taxability: Emphasizes Supreme Court Ruling in Mahindra.
I.G. Petrochemicals Ltd Vs The DCIT
(2023) TaxCorp(LJ) 32481 (HC-KARNATKATA) · Section 28(iv)
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HC - Karnataka HC's Ruling on United Spirits and its Rs.87 Cr. Refund.
United Spirits Limited Vs ASSISTANT COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 32254 (HC-KARNATKATA)
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HC - Karnataka HC Quashes Prosecution for False ITR Filing Due to Absence of Sanction and Complaint under IT Act.
Vishwanath C. Tarali Vs THE STATE OF KARNATAKA
(2023) TaxCorp(LJ) 32114 (HC-KARNATKATA)
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HC - Karnataka HC Rules in Favor of Vodafone, Rejects TDS on Connectivity & Bandwidth Charges. Dismissed the classification of the payments as royalties under the Explanations to Section 9(1)(vi).
Vodafone Idea Limited (Formerly Known As M/S Vodafone Mobile Services Ltd.) Vs DEPUTY DIRECTOR OF INCOME TAX
(2023) TaxCorp(LJ) 32008 (HC-KARNATKATA)
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As long as the exemption certificate is in force, the Assessee is entitled to exemption.
Rashtreeya Sikshana Samithi Trust Vs PR COMMISSIONER OF INCOME-1 TAX
(2023) TaxCorp(LJ) 31830 (HC-KARNATKATA)
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The notice and assessment order passed in the name of non-existing company is a substantive illegality and without jurisdiction.
Coffee Day Resorts (MSM) Pvt. Ltd Vs THE DEPUTY COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 31760 (HC-KARNATKATA)
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The investment in shares is a capital account transaction, thus the same cannot form part of the proceedings under Section 148A.
Flipkart Private Limited Vs THE INCOME TAX OFFICER
(2023) TaxCorp(LJ) 31682 (HC-KARNATKATA)
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Six years contemplated under Section 153C(1) have to be reckoned from the date of handing over of documents to the AO of searched person and not from the date of search.
Gali Janardhana Reddy Vs THE PR. COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 31650 (HC-KARNATKATA) · Section 153C
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Income chargeable to tax for the purpose of capital gains shall be subject to the provisions of Section 48 and the Revenue was required to apply its mind to this aspect as per the mandate of Section 148A.
Sanath Kumar Murali Vs THE INCOME TAX OFFICER
(2023) TaxCorp(LJ) 31649 (HC-KARNATKATA) · Section 149(1)(b)
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Since Assessee is permitted to file revised returns on condonation of delay, if there is any occasion for Revenue to initiate proceedings under Section 143(2) for framing assessment under Section 143(3), the Assessee shall not be entitled to take the defense of limitation.
Sandhya Srivatsan Vs THE COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 31428 (HC-KARNATKATA)
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Addition under Section 68 was not warranted since evidences in the form of bank details were furnished by the Assessee in support of the investments in question.
Jaico Realtors Pvt. Ltd Vs THE PR. COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 31332 (HC-KARNATKATA) · Section 68
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The question of law framed in the instant appeals is squarely covered.
Google India Pvt Ltd Vs THE COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 31272 (HC-KARNATKATA)
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There is no proper application of mind both at the stage of sending the information by the Income Tax Department and by the Authorities under BM Act before issuing the notice under challenge.
Jitendra Virwani Vs JOINT COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 31121 (HC-KARNATKATA)
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Where no limitation is prescribed on the payment to non-resident, the statutory authorities must initiate action within a reasonable time of 4 years.
Subex Technologies Limited Vs THE ASSISTANT COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 31006 (HC-KARNATKATA)
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IBM India cannot be held to be assessee-in-default under Section 201(1) as the payments made to IBM Philippines for payroll services were on account of business income and not taxable in India due to admitted absence of a PE in India.
IBM India Private Limited Vs THE DIRECTOR OF INCOME-TAX
(2023) TaxCorp(LJ) 30973 (HC-KARNATKATA)
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The TDS provisions in the Act has to be read along with relevant DTAAs for computing the tax liability and when the recipient is eligible for benefit of DTAA then there is no scope for deduction of tax at 20% under Section 206AA.
Wipro Ltd Vs THE COMMISSIONER OF INCOME-TAX
(2023) TaxCorp(LJ) 30737 (HC-KARNATKATA) · Section 206AA
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The existence or absence of entries in the books of accounts is not decisive or conclusive factor in deciding the right of the assessee claiming deduction.
Subex Ltd Vs THE DEPUTY COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 30735 (HC-KARNATKATA)
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The Revenue came to a definite conclusion during assessment proceedings that Section 56(2)(vii)(c) did not apply, basis all details, information and material on record.
Azim Premji Trustee Company Pvt. Ltd Vs DEPUTY COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 30708 (HC-KARNATKATA)
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In absence of any reasons as to why and how the demand would be defeated by the petitioner, mere apprehension that huge tax demands are likely to be raised on completion of assessment was not sufficient to constitute formation of opinion.
Xiaomi Technology India Pvt. Ltd Vs DCIT
(2022) TaxCorp(LJ) 30643 (HC-KARNATKATA)
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