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ITAT - Assessment on assessee u/s 163 in capacity of an agent valid even subsequent order against non-resident.
DDIT. vs. Air India Limited- as an agent of Carbijet Inc.
(2016) TaxCorp(LJ) 10085 (ITAT-MUMBAI)
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Transfer Pricing - alleged excess investment in share capital of wholly owned subsidiary cannot be termed as loan and notional interest charged thereon
Topsgrup Electronic Systems v ITO
(2016) TaxCorp(LJ) 10079 (ITAT-MUMBAI)
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S. 271(1)(c): If show-cause notice does not delete inappropriate words whereby it was not clear as to whether the default is concealing particulars of income or for furnishing inaccurate particulars of income, the levy of penalty is inv
Sanghavi Savla Commodity Brokers Pvt Ltd vs. ACIT
(2016) TaxCorp(LJ) 10078 (ITAT-MUMBAI) · Section 271(1)(c)
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ITAT - Amount paid by assessee to a US company for rendering engineering services of review of designs and construction audit of cranes is neither FTS’) nor FIS either under the Act or India-US DTAA.
Gujarat Pipavav Port Ltd. vs. ITO, (International Taxation)
(2016) TaxCorp(LJ) 10075 (ITAT-MUMBAI)
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ITAT - Income (corporate guarantee fee) clearly arises in France because the guarantee has been given by a French company to a French Bank, in France.
Capgemini S.A. vs ADIT
(2016) TaxCorp(LJ) 10073 (ITAT-MUMBAI)
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ITAT - If the AO has not initiated penalty proceedings u/s 271(1)(c) in respect of a particular item of addition in the draft assessment order, he cannot do so in the final assessment order.
DCIT. Vs. Symantic Software Solution Pvt. Ltd.
(2016) TaxCorp(LJ) 10072 (ITAT-MUMBAI)
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S. 263 revision cannot be initiated to conduct roving inquiries whether share application money share premium constitute undisclosed income
Rachana Finance & Investments Pvt Ltd vs. CIT
(2016) TaxCorp(LJ) 10067 (ITAT-MUMBAI) · Section 263
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AO framed the assessment in a hypothetical way putting the assessee to enormous harassment and inconvenience . Similarly, the CIT(A) confirmed the addition without looking into the merits and facts of the cases which are very clear and apparent from the records produced.
Mintu Sayermal Jain vs. ITO
(2016) TaxCorp(LJ) 10066 (ITAT-MUMBAI)
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Mutuality - TDR Premium
Hatkesh Co-op. Hsg. Society Ltd vs. ACIT
(2016) TaxCorp(LJ) 10058 (ITAT-MUMBAI)
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Bogus Purchases: Theory that transaction "defies human probabilities" cannot be applied to purchases in isolation but has to be applied to the entire transaction in the light of documentary evidence produced by the assessee
M/s. Maruti Impex vs. JCIT
(2016) TaxCorp(LJ) 10057 (ITAT-MUMBAI)
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ITAT - Advertising hoarding structures should be treated as ‘building’ eligible for depreciation @ 10%.
Asian Advertising vs. ITO
(2016) TaxCorp(LJ) 10047 (ITAT-MUMBAI)
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An addition on account of bogus purchases cannot be made only on the basis of information received from the MVAT department.
Imperial Imp & Exp vs. ITO
(2016) TaxCorp(LJ) 10045 (ITAT-MUMBAI)
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ITAT - Assesse justified in not offering the amount to tax on the ground that income did not accrue as Enron had gone bankrupt.
Bechtel International Inc vs. DDIT
(2016) TaxCorp(LJ) 10035 (ITAT-MUMBAI)
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ITAT - 100% stay granted as outstanding-demand adjustment against refund /TDS
Huertey Petrochem SA vs. DCIT
(2016) TaxCorp(LJ) 10033 (ITAT-MUMBAI)
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ITAT - Amount received by Gavaskar from ESPN Star Sports for providing services as a presenter and commentator is available for deduction u/s .80RR.
Sunil Gavaskar vs. ITO
(2016) TaxCorp(LJ) 10031 (ITAT-MUMBAI) · Section. 80RR
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ITAT - Even though India operations of a UK company were discontinued, yet set-off of business loss relatable to its India operations allowed against other income.
ADIT. Vs. Lloyds Register U.K.
(2016) TaxCorp(LJ) 10025 (ITAT-MUMBAI) · Section. 71
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ITAT - Amount received by a US company upon entering into contract with Indian company for setting up of power plant in India, not FIS under India-USA DTAA.
Raytheon Ebasco Overseas Ltd. vs. DCIT
(2016) TaxCorp(LJ) 10023 (ITAT-MUMBAI)
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ITAT - 100 % stay of demand granted to assessee (a Singaporean company) till disposal of appeal relying on 1969-CBDT instruction.
Dimension Data Asia Pacific Pte. Ltd. V. DCIT
(2016) TaxCorp(LJ) 10018 (ITAT-MUMBAI)
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ITAT - Compensation to tenants towards alternative accommodation not in the nature of 'rent'. No TDS u/s 194I.
Sahana Dwellers Pvt. Ltd. vs. ITO
(2016) TaxCorp(LJ) 10012 (ITAT-MUMBAI) · Section 194I
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S. 9(1)(vii)/ Article 12: “Startup services”, though technical in nature, are not assessable as “fees for technical services” u/s 9(1)(vii) if they do not involve any “construction, assembly mining or like projects”. The services are also not taxable under Article 12 as they do not “make available” technical knowledge
Raytheon Ebasco Overseas Ltd vs. DCIT
(2016) TaxCorp(LJ) 10011 (ITAT-MUMBAI) · Section 9(1)(vii)
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