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ITAT - Diagnostic service are also covered under medical relief. Sec 11 exemption available.
Lions Club Of Annanagar Charitable Trust Vs. DDIT
(2015) TaxCorp(LJ) 6914 (ITAT-CHENNAI) · Section. 11
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ITAT - In the absence of any proof that trustees had siphoned of undisclosed income of trust, no revocation of trust’s registration
Sri Balaji Educational & Charitable Public Trust v. Commissioner of Income-tax, Central-III, Chennai
(2015) TaxCorp(LJ) 6622 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=40684&Category=ITAT&CategoryType=Zip
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ITAT - Where surplus amount received by the assessee from jewellery auction was claimed to be returnable to the concerned borrowers, CIT rightly deleted the addition arising from surplus of jewellery auction.
The Karur Vysya Bank Ltd. Versus The Assistant Commissioner of Income Tax, Company Circle I, Tiruchirapalli
(2015) TaxCorp(LJ) 6427 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=34247&Category=ITAT&CategoryType=Zip
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ITAT - Wheeling, scheduling and transmission charges to State power utility for using its distribution network to sell energy generated by assessee to end consumers is not FTS as it does not involve human intervention. No TDS u/s 194J
Auro Mira Biopower India (P.) Ltd. v. Income-tax Officer, TDS Ward I(5), Chennai
(2015) TaxCorp(LJ) 6208 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=40335&Category=ITAT&CategoryType=Zip
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ITAT - Wife of assessee was an independent assessee having separate PAN and had been filing her separate return of income and who owns independent source of income, therefore the income of wife could not be clubbed with income of husband.
Deputy Commissioner of Income-tax, Salary Circle-I, Chennai v. Justice P.D. Dinakaran
(2015) TaxCorp(LJ) 6024 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=40235&Category=ITAT&CategoryType=Zip
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ITAT - The length of delay is not a material to condone the delay, the cause of delay is to be considered to condone the delay
C. Jegaveerapandian vs. ITO
(2015) TaxCorp(LJ) 5912 (ITAT-CHENNAI)
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ITAT - For exemption u/s 10B to EOU, approval from the Board appointed by Central Government u/s 14 of Industries (Development & Regulation) Act, 1951 is mandatory and not STPI
ACIT vs. Vishwak Solutions Pvt. Ltd.
(2015) TaxCorp(LJ) 5771 (ITAT-CHENNAI)
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ITAT - Diversion of Listing fee and transfer to Investor Protection Reserve, etc. directly from listing fee receipts would not make the same as diversion of income by overriding title at the source.
The Deputy Commissioner of Income Tax Versus M/s Madras Stock Exchange Ltd.
(2015) TaxCorp(LJ) 5400 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=39708&Category=ITAT&CategoryType=Zip
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ITAT - Even though assessee did not offer interest income to tax received from his NRE fixed deposits account, still no penalty u/s 271(1)(c) as assessee was under bona fide impression that it is exempt under Sec. 10(4).
Ramasamy Senthilvel v. Assistant Commissioner of Income-tax, Salary Range-V, Chennai
(2015) TaxCorp(LJ) 5387 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=38312&Category=ITAT&CategoryType=Zip
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ITAT - Where there is a partial compliance, deduction under section 80-IB(10) is allowable on pro rata basis where both commercial and residential houses have been built
Deputy Commissioner of Income-tax v. Rajarathnam Construction (P.) Ltd.
(2015) TaxCorp(LJ) 5314 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=37371&Category=ITAT&CategoryType=Zip
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ITAT - No sec 40(a)(ia) disallowance for AY 2006-07 as TDS was deposited before due-date u/s 139(1) even though deposited beyond prescribed TDS deposit time limit.
ACIT. Vs Indo Asia Energy Private Limited
(2015) TaxCorp(LJ) 5234 (ITAT-CHENNAI) · Section 40(a)(ia)
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ITAT - If the objects and activities of the trust are genuine than registration cannot be cancelled merely because receipts are exceeding threshold limit as provided under second proviso to section 2(15)
SAE India Vs. DIT(E)
(2015) TaxCorp(LJ) 4989 (ITAT-CHENNAI) · Sections. 12AA, 2(15)
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ITAT - For exemption u/s 54F, there is no condition that the building plan of the residential house constructed should be approved by the Municipal Corporation or any other competent authority
B. Sivasubramanian Versus Income-tax Officer
(2015) TaxCorp(LJ) 4933 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=36616&Category=ITAT&CategoryType=Zip
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ITAT - No TDS on fees was paid to non-resident abroad for services utilized in business carried outside India
Deputy Commissioner of Income-tax, Co. Circle II (2), Chennai v. Hofincons Infotech & Industrial Services (P.) Ltd.
(2014) TaxCorp(LJ) 4913 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7783&Category=INTLDecisions&CategoryType=Zip
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ITAT - Commission paid to foreign agent on export sales, would not fall within definition of 'fee for technical services' and, therefore, assessee was not liable to deduct tax at source while making said payment
Assistant Commissioner of Income-tax, Co. Circle-III (2) v. Track Shoes (P.) Ltd.
(2014) TaxCorp(LJ) 4911 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7603&Category=INTLDecisions&CategoryType=Zip
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ITAT - While determining Arm’s Length Price on international transactions, there is no justification for allowing adjustment for the rupee depreciation, i.e. foreign exchange transaction loss adjustment not to be granted
M/s. NSK India Sales Company Private Limited Versus The Assistant Commissioner of Income-tax, Company Circle-IV(4), Chennai.
(2014) TaxCorp(LJ) 4861 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=39037&Category=ITAT&CategoryType=Zip
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ITAT - Assessee's objective of establishing milk societies cannot be said to be a commercial purpose as underlying object was "upliftment of poor/ rural woman".
Thamizh Thai Seva Trust vs. DIT (Exemptions)
(2014) TaxCorp(LJ) 4784 (ITAT-CHENNAI)
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ITAT - Re-assessment on the basis of information collected by Judges Inquiry Committee (JIC) and forwarded by member IRS officer is valid
Justice P.D.Dinakaran vs DCIT
(2014) TaxCorp(LJ) 4738 (ITAT-CHENNAI)
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Registration as ITP not necessary to appear before revenue
Vidhya Sikshaa Educational and Charitable Trust Vs. CIT
(2014) TaxCorp(LJ) 4582 (ITAT-CHENNAI)
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ITAT - 'Granting of license' to make use of the 'shrink wrap software' was included as a right under Explanation 2 to Sec 9(l)(vi) defining royalty
ITO. vs. F.L Smidth Ltda
(2014) TaxCorp(LJ) 4578 (ITAT-CHENNAI)
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