-
S. 2(1A): Gains from sale of agricultural land is exempt even though purchaser intends to use the land for commercial purposes
DCIT. vs. M. Kalyan Chakravarthy
(2014) TaxCorp(LJ) 4281 (ITAT-HYDERABAD) · Section. 2(1A)
-
Transfer pricing principles on right of TPO to collect info u/s 133(6), exclusion of high profit comparables, adjustment for limited risk environment, exclusion of reimbursement costs for computing operation margins explained
HSBC Electronic Data Processing India vs. ACIT
(2014) TaxCorp(LJ) 4279 (ITAT-HYDERABAD) · Section. 133(6)
-
In view of the finding of the service-tax authorities that services were rendered, argument that amount paid is a reimbursement of actual cost without profit element is not acceptable and it is chargeable as “fee for included services”
AMD Research & Development Center vs. DCIT
(2014) TaxCorp(LJ) 4271 (ITAT-HYDERABAD)
-
TPO cannot question commercial expediency of payment to AE. RBI approval to a transaction implies it is at arms' length price
DCIT. Vs. Owens Corning Industries (India) Pvt. Ltd.
(2014) TaxCorp(LJ) 4269 (ITAT-HYDERABAD)
-
Whether where any item is excluded for the purpose of computing export turnover, it it calls for necessary exclusion of the same from total turnover for purpose of computing deduction u/s 10A
M/s PAREXEL INTERNATIONAL INDIA PVT LTD. Vs. ACIT
(2014) TaxCorp(LJ) 4213 (ITAT-HYDERABAD) · Income tax - Sections 10AA, 92CA(1), 133(6), 143(3), 144C(5)
-
Whether it can be inferred that the remaining balance of operating cost is related to international transaction with other entities, when MAP resolution shows 92% of the operating cost with its holding company
M/s VIRTUSA INDIA PVT LTD. Vs. DCIT
(2014) TaxCorp(LJ) 4190 (ITAT-HYDERABAD) · Income Tax - Sections 10A, 90, 92C, 143(3), 154
-
Whether the disallowance made u/s 40(a)(ia) for the year 2009-10 will be sustainable when the amendment made by the Finance Act, 2010, is said to be retrospective in nature
DCIT. Vs. Hycons Infrastructures India Ltd.
(2014) TaxCorp(LJ) 4188 (ITAT-HYDERABAD) · Income Tax - Sections 40(a)(ia)
-
Limitation period u/s 263 to be reckoned from the date of the original assessment passed u/s 143(3)
LOUIS BERGER GROUP INC Vs ADIT
(2014) TaxCorp(LJ) 4185 (ITAT-HYDERABAD)
-
Whether when the assessee is a distributor of medical devices purchased from its AE, and the fact that the costs of purchase are controlled costs, the adoption of operating profit to operating revenue as PLI is more appropriate as per the OECD TP Guidelines, 2010
DCIT. Vs. ST JUDE MEDICAL INDIA PVT LTD.
(2014) TaxCorp(LJ) 4184 (ITAT-HYDERABAD) · Income Tax - Section 92CA
-
Whether when it comes to selection of comparables, the size of operations does not matter
BERKADIA SERVICES INDIA PVT LTD. Vs. DCIT
(2014) TaxCorp(LJ) 4183 (ITAT-HYDERABAD) · Income tax - Sections 10A, 92CA(1), 133(6), 143(3), 144C(5)
-
Reference u/s 142A is exclusive prerogative of AO
Dr. G. Premalatha vs. The Joint CIT
(2014) TaxCorp(LJ) 4167 (ITAT-HYDERABAD) · Section 142A
-
Whether the AO can estimate income taking 10% of advances at 10% for earlier years and taking 10% of work-in-progress for the next years
M/s SURABHI SHELTERS PVT LTD. Vs. ACIT
(2014) TaxCorp(LJ) 4152 (ITAT-HYDERABAD) · Income Tax - Sections 132(4), 153A
-
ITAT- No TDS u/s 194C on discharging excise duty liability of job workers
VST INDUSTRIES Vs ADDL CIT
(2014) TaxCorp(LJ) 4123 (ITAT-HYDERABAD)
-
ITAT – Disallowance of business expenditure not a ground for reassessment beyond period of four years
ITO Vs ESBEE HOLDINGS PVT. LTD
(2014) TaxCorp(LJ) 4096 (ITAT-HYDERABAD)
-
S. 145: Even if assessee is following mercantile system, income cannot be assessed, on “real income” vs. “hypothetical income” theory, if its collection/ receipt is not certain
Maruti Securities Ltd vs. ACIT
(2014) TaxCorp(LJ) 4093 (ITAT-HYDERABAD) · Section 145
-
Whether the direction of the AO to the assessee to file fresh return within 15 days is violative the mandate u/s 158BC
LATE MR. JAWAHARLAL Vs. DCIT
(2014) TaxCorp(LJ) 4088 (ITAT-HYDERABAD) · Income tax - Sections 158BB, 158BC, 254
-
Whether when the revenue authorities failed to show that there is any failure on part of the assessee to disclose fully and truly all material facts in the assessment finally made, the notice issued u/s 148 beyond 4 years from the end of the relevant assessment year is barred by limitation.
GULF OIL CORPORATION Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4033 (ITAT-HYDERABAD) · Income Tax - Sections 35DDA, 50C, 143(3), 139, 142, 143(3), 147, 148, 151(1)
-
Whether where the view taken by the AO does not appear to be correct to the CIT, it could be said that such view was erroneous and prejudicial to the interests of the revenue.
LANCO KONDAPALLI POWER LTD. Vs. JT COMMISSIONER OF INCOME-TAX
(2014) TaxCorp(LJ) 4027 (ITAT-HYDERABAD) · Income Tax - Sections 43A, 80IA, 115JB, 142(1), 143(1), 143(2), 143(3), 263
-
Whether the CIT(A) is justified in allowing the expenditure incurred for material consumed when the CIT(A) has given a finding that increase in material consumption has effected a corresponding increase in circulation revenue.
M/s SPR PUBLICATIONS PVT LTD. Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4000 (ITAT-HYDERABAD) · Income Tax - Sections 40(a)(ia), 143(3), 144
-
S. 14A: For Rule 8D(2)(i) only expenditure relating to investments resulting in tax-free income can be considered. For Rule 8D(2)(iii) all investments, whether yielding tax-free income or not, have to be considered
Bellwether Microfinance Fund Pvt. Ltd vs. ITO
(2014) TaxCorp(LJ) 3973 (ITAT-HYDERABAD) · Section 14A
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.