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HC - Expenditure incurred on stamp duty for acquiring leasehold land for 30 years period is revenue in nature.
CIT vs. Reliance Industrial Infrastructure Ltd.
(2015) TaxCorp(LJ) 9673 (HC-BOMBAY)
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HC - At the stage of Sec 245D(1)/(2A), there is no requirement of hearing the Revenue.
Pr. CIT vs. Settlement Commission
(2015) TaxCorp(LJ) 9672 (HC-GUJARAT) · Section 245D(1)
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ITAT - Over 2000 days appeal-filing delay condoned in view of favourable HC ruling.
Surajmal Exports vs. ACIT
(2015) TaxCorp(LJ) 9663 (ITAT-KOLKATA)
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Transfer Pricing: Important legal principles on whether an adjustment for Advertisement & Market Promotion (AMP) expenses can be made on the basis that there is an assumed “international transaction” with the AE because the advertisement expenditure of the Indian company is “excessive” explained
Maruti Suzuki India Limited vs. CIT
(2015) TaxCorp(LJ) 9660 (HC-DELHI)
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HC - As there was delay of only a day, CBDT-order rejecting condonation in filing belated return quashed.
Cosme Matias Menezes vs. CIT
(2015) TaxCorp(LJ) 9626 (HC-BOMBAY)
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HC - Reassessment notice deserved to be quashed where direction under sec. 150 to reopen assessment itself was set aside.
Devendra Somabhai Naik v. Assistant Commissioner of Income-tax
(2015) TaxCorp(LJ) 9625 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=61020&Category=Judgment&CategoryType=Zip
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HC - No TDS u/s 194J while making payments of professional fee to doctors as there was no employer-employee relationship.
Commissioner of Income-tax (TDS), Chandigarh v. Ivy Health Life Sciences (P.) Ltd.
(2015) TaxCorp(LJ) 9624 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=62396&Category=Judgment&CategoryType=Zip
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ITAT - If Assessing Officer felt that assessee should do business in a particular way and should utilize cash balance in hand for discharging its liability is not correct view.
Deputy Commissioner of Income-tax, Circle-2, Surat v. Ashok Weaving Works
(2015) TaxCorp(LJ) 9623 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=42175&Category=ITAT&CategoryType=Zip
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ITAT - No powers to ITAT to accept appeal against orders of DRP if it is not accompanied by fee.
Assisstant Commissioner of Income-tax, Circle -17(1), Hyderabad v. D.E. Shaw India Software (P.) Ltd.
(2015) TaxCorp(LJ) 9622 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=44187&Category=ITAT&CategoryType=Zip
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ITAT - In absence of quantification of consideration to be paid, no transfer u/s 2(47) on handing over possession of land on directions of Govt.
Deputy Commissioner of Income-tax, Circle-1 (1), Hyderabad v. A.P. State Agro Industries Development Corporation Ltd.
(2015) TaxCorp(LJ) 9621 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=41679&Category=ITAT&CategoryType=Zip
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ITAT - No TDS on commission paid to non-resident selling agents for services rendered outside India absent PE in India.
Deputy Commissioner of Income-tax,Corporate Circle-2, Madurai v. TVS Srichakra Ltd.
(2015) TaxCorp(LJ) 9620 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8420&Category=INTLDecisions&CategoryType=Zip
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HC - Where there is no taxable income, section 44BBA cannot be applied.
Director of Income-tax v. Royal Jordanian Airlines
(2015) TaxCorp(LJ) 9619 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=62352&Category=Judgment&CategoryType=Zip
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ITAT - After initiation of penalty proceedings u/s 271AAA, no penalty under sec.271(1)(c).
Dr. Naman A. Shastri v. Assistant Commissioner of Income-tax, Central Circle 2 (3), Ahmedabad
(2015) TaxCorp(LJ) 9618 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=43547&Category=ITAT&CategoryType=Zip
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ITAT - Rule 7B applicable to income from selling of sun dried coffee seeds where assessee was not engaged in other processing activities.
Income-tax Officer, Business Ward XIII (1), Chennai v. T.C. Abraham
(2015) TaxCorp(LJ) 9617 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=43483&Category=ITAT&CategoryType=Zip
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ITAT - Even if the expenditure is of enduring benefit, but having not been incurred in the capital field, is to be allowed as deduction.
DCIT vs. Autoline Industries Ltd.
(2015) TaxCorp(LJ) 9609 (ITAT-PUNE)
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SC - SLP Dismissed - HC had held that when there is a clear admission, voluntarily made, by the assessee, that would constitute a good piece of evidence for the Revenue.
B. KISHORE KUMAR Vs THE DY. COMMISSIONER OF INCOME TAX
(2015) TaxCorp(LJ) 9592 (SC)
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ITAT - Encashment of performance bank guarantee owing to contractual disputes, being wholly and exclusively for the purpose of assessee's is allowable deduction u/s 37(1).
SIS Live Vs ACIT
(2015) TaxCorp(LJ) 9591 (ITAT-DELHI)
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ITAT - UCO Bank is not a "company" under Companies Act and therefore is not covered under newly inserted Explanation 3 to Sec 115JB.
UCO Bank vs. DCIT
(2015) TaxCorp(LJ) 9590 (ITAT-KOLKATA)
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ITAT - Interest on income tax refund u/s 244A is TDS u/s 195, under India - Italy DTAA
Ansaldo Energia SPA Vs DDIT
(2015) TaxCorp(LJ) 9589 (ITAT-CHENNAI) · Section 195
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ITAT - No TDS u/s 195 on payments made to entities based in US and Canada towards bio- analytical services on samples.
ITO vs. B A Research India Pvt Ltd
(2015) TaxCorp(LJ) 9588 (ITAT-AHMEDABAD) · Section 195
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