Direct Tax landmark rulings

1. ITAT Pune · 04 Dec 2015
   ITAT - Where the directors had given services and in recognition thereof, there was proposal to pay commission to the said directors, then the same could not be questioned merely on the basis of speculation by the Revenue that the same was to avoid payment of dividend tax.

   Arihantam Infraprojects Pvt Ltd vs JCIT

   (2015) TaxCorp(LJ) 9579 (ITAT-PUNE)

2. ITAT Ahmedabad · 03 Dec 2015
   Entire law on transfer pricing implications of (i) allowing excess credit to AE's on account of sale of goods and (ii) issue of corporate guarantee to AEs (after insertion of Explanation i(c) to s. 92B by FA 2012) explained

   Micro Ink Limited vs. ACIT

   (2015) TaxCorp(LJ) 9578 (ITAT-AHMEDABAD) · Section 92B

3. ITAT Mumbai · 03 Dec 2015
   S. 68 (bogus share capital): Despite statement of Mukesh C. Choksi & Jayesh Sampat admitting bogus share capital, addition cannot be made in assessee-company's hands

   ITO vs. Superline Construction P. Ltd

   (2015) TaxCorp(LJ) 9577 (ITAT-MUMBAI) · Section 68

4. ITAT Kolkata · 03 Dec 2015
   S. 271(1)(c): A penalty notice u/s 274 which does not strike out the irrelevant portion & which does not specify whether the penalty is for “concealment” or for “furnishing inaccurate particulars” renders the penalty order void

   Suvaprasanna Bhattacharya vs. ACIT

   (2015) TaxCorp(LJ) 9576 (ITAT-KOLKATA) · Section 271(1)(c)

5. ITAT Ahmedabad · 03 Dec 2015
   ITAT - Amount received by assessee for confirming sale deed is taxable under ‘income from other sources’.

   Maheshkumar R. Patel vs. ITO

   (2015) TaxCorp(LJ) 9575 (ITAT-AHMEDABAD) · Section 56(2)(vii)

6. ITAT Kolkata · 03 Dec 2015
   ITAT - In view of Explanation 5 to Sec 271(1)(c) in respect of income offered after search but in the return filed u/s 153A, immunity from penalty granted.

   D.C.I.T, Kolkata vs. Deepak Choudhury

   (2015) TaxCorp(LJ) 9574 (ITAT-KOLKATA)

7. Karnataka High Court · 02 Dec 2015
   HC - High Court can ignore CBDT circulars and proceed to decide statutory appeals on merits where substantial question of law is involved.

   CIT vs. South Travancore Distilleries & Allied Products

   (2015) TaxCorp(LJ) 9565 (HC-KARNATAKA)

8. ITAT Delhi · 01 Dec 2015
   ITAT - Free samples were distributed to doctors/medical practitioners in pursuance to their specific requests, thus it cannot be treated as ‘gifts’; allowable u/s 37.

   Eli Lilly & Co. (India) Pvt. Ltd. vs. ACIT

   (2015) TaxCorp(LJ) 9556 (ITAT-DELHI) · Section 37

9. P&H High Court · 01 Dec 2015
   HC - Tribunal not empowered to grant stay against launch of prosecution proceedings u/s 276C(1).

   CIT vs ITAT Delhi

   (2015) TaxCorp(LJ) 9555 (HC-P&H) · Section 254

10. Delhi High Court · 29 Nov 2015
    S. 68 (share capital): (i) It is a fallacy to assume that a company which has not commenced business has unaccounted money, (ii) Fact that investors have a common address is not relevant, (iii) Fact that shares were subsequently sold at reduced rate is not relevant

    CIT vs. Five Vision Promoters Pvt. Ltd

    (2015) TaxCorp(LJ) 9554 (HC-DELHI) · Section 68

11. P&H High Court · 29 Nov 2015
    S. 254(1): The ITAT has no jurisdiction to grant a stay of prosecution proceedings as such proceedings are not directly & substantially flowing from the orders impugned before it

    Pr. CIT vs. ITAT, Jindal Steel & Power

    (2015) TaxCorp(LJ) 9553 (HC-P&H) · Section 254(1)

12. Supreme Court · 29 Nov 2015
    S. 3 of Indian Evidence Act: A "Compact Disc" (CD) is a "document" and is admissible as evidence

    Shamsher Singh Verma vs. State of Haryana

    (2015) TaxCorp(LJ) 9552 (SC) · Section 3

13. Bombay High Court · 27 Nov 2015
    S. 32/ 43(6): Even assets installed in a discontinued business are eligible for depreciation as part of 'block of assets'

    CIT vs. Sonic Biochem Extractions Pvt. Ltd

    (2015) TaxCorp(LJ) 9551 (HC-BOMBAY) · Sections 32, 43(6)

14. ITAT Pune · 27 Nov 2015
    S. 43B/ 145A: Taxes collected by the assessee, which remain unpaid, have to be added to the income even if the same are not debited to the P&L A/c and claimed as a deduction

    Munaf Ibrahim Memon vs. ITO

    (2015) TaxCorp(LJ) 9550 (ITAT-PUNE) · Sections 43B, 145A

15. ITAT Mumbai · 27 Nov 2015
    S. 11/ 12AA: Mere non-intimation of amendments to trust deed cannot ipso facto result in cancellation of registration if there is no change in tone and tenor of objects

    ITO vs. Bhansali Trust

    (2015) TaxCorp(LJ) 9549 (ITAT-MUMBAI) · Sections 11, 12AA

16. ITAT Ahmedabad · 30 Nov 2015
    ITAT - Services, being managerial or consultancy in nature, cannot be taxed as FTS unless it involves transmit of technology. BRP not FTS under India-Netherlands DTAA, absent ‘make available’ of technology.

    Shell Global Solutions International BV vs. ITO

    (2015) TaxCorp(LJ) 9538 (ITAT-AHMEDABAD)

17. ITAT Hyderabad · 27 Nov 2015
    ITAT - Appellant-director’s appeal against CIT(A)’s order passed in case of a company, is not maintainable u/s 253.

    Shri R.Subba Rao vs. ITO

    (2015) TaxCorp(LJ) 9537 (ITAT-HYDERABAD)

18. ITAT Kolkata · 27 Nov 2015
    ITAT - Sec 10AA deduction available to assessee registered as an STP unit.

    ITO vs. Last Peak Data Pvt. Ltd

    (2015) TaxCorp(LJ) 9536 (ITAT-KOLKATA) · Section 10AA

19. ITAT Mumbai · 27 Nov 2015
    ITAT - Payment of ‘bank guarantee commission’ not liable to TDS u/s 194H.

    ITO vs. Nimbus Communications Ltd

    (2015) TaxCorp(LJ) 9535 (ITAT-MUMBAI) · Section 194H

20. ITAT Lucknow · 30 Nov 2015
    ITAT -Section 36(1)(vii) deals with only actual claim of deduction and not doubtful debts.

    Kanpur Electricity Supply Co. Ltd. v. Deputy Commissioner of Income-tax-VI, Kanpur*

    (2015) TaxCorp(LJ) 9532 (ITAT-LUCKNOW) · http://taxcorp.in/FileOpenDT.aspx?ID=42909&Category=ITAT&CategoryType=Zip

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