Direct Tax landmark rulings

1. Bombay High Court · 02 Oct 2015
   Strictures passed against CBDT for causing ‘very unfair discrimination' between taxpayers by extending due date for filing ROI only for taxpayers in P&H and Gujarat and not for those in other States

   The Chamber Of Tax Consultants vs. UOI

   (2015) TaxCorp(LJ) 9023 (HC-BOMBAY)

2. ITAT Ahmedabad · 02 Oct 2015
   ITAT - As per Sec 271AAA(3), no penalty u/s 271(1)(c) can be imposed in respect of undisclosed income referred to in 271AAA(1). Situations in which provisions of Sec 271AAA and the provisions of Sec 271(1)(c) can apply are inherently mutually exclusive.

   Naman A Shastri vs. ACIT

   (2015) TaxCorp(LJ) 9022 (ITAT-AHMEDABAD) · Section. 271(1)(c)

3. Delhi High Court · 01 Oct 2015
   HC - Service tax collected by the assessee cannot form part of gross receipts for the purpose of computing income u/s 44BB, since it does not have element of income.

   DIT. vs. Mitchell Drilling International Pvt. Ltd.

   (2015) TaxCorp(LJ) 9014 (HC-DELHI) · Section. 44BB

4. Delhi High Court · 01 Oct 2015
   HC - Netting off bank-interest expense allowed against interest income earned from advancing loan to holding company assessable under the head “income from other sources”. Tuticorin Alkali (SC) Distinguished.

   Vodafone South Limited vs. CIT

   (2015) TaxCorp(LJ) 9013 (HC-DELHI)

5. Bombay High Court · 30 Sep 2015
   CBDT directed to forthwith issue an order u/s 119 to extend the due date for filing ROI to 31.10.2015

   The Chamber Of Tax Consultants vs. UOI

   (2015) TaxCorp(LJ) 9007 (HC-BOMBAY) · Section. 119

6. Bombay High Court · 22 Sep 2015
   Bombay HC instructs CBDT to extend ITR Due Date to 31.10.2015

   The Chamber of Tax Consultants Vs. Union of India & Ors.

   (2015) TaxCorp(LJ) 8989 (HC-BOMBAY)

7. Gujarat High Court · 30 Sep 2015
   Strictures passed against CBDT for being lax and delaying issuing of the Forms and then taking adamant stand by not extending due date for filing ROI. CBDT directed to issue order u/s 119 to extend due date for filing ROI to 31.10.2015

   All Gujarat Federation Of Tax Consultants vs. CBDT

   (2015) TaxCorp(LJ) 8987 (HC-GUJARAT) · Section. 119

8. Madras High Court · 29 Sep 2015
   HC - DCIT justified in exercising his discretion by treating assessee as not in default only to the extent of Rs 5 crores for which stay was allowed. Writ dismissed.

   Jyothy Laboratories Ltd. vs. DCIT

   (2015) TaxCorp(LJ) 8985 (HC-MADRAS) · Section. 220(6)

9. ITAT Mumbai · 29 Sep 2015
   ITAT - Not correct to hold that in case of banks since tax- free investments were held as stock in trade, it would not attract Sec 14A disallowance.

   HDFC Bank Limited vs. DCIT

   (2015) TaxCorp(LJ) 8984 (ITAT-MUMBAI) · Section. 14A

10. P&H High Court · 29 Sep 2015
    HC - On consideration of totality of facts and circumstances of the case due-date for e-filing of returns extended upto Oct. 31, 2015.

    Vishal Garg vs. UOI

    (2015) TaxCorp(LJ) 8969 (HC-P&H)

11. Kerala High Court · 08 Sep 2015
    Rectification order u/s 154 cannot be made on debatable issue: HC

    K.K.J. Foundations vs. The Assistant Director of Income

    (2015) TaxCorp(LJ) 8968 (HC-KERALA) · Section 154

12. Karnataka High Court · 28 Sep 2015
    Karnataka HC directs CBDT to Consider representation on Tax Audit/ ITR Due Date Extension

    Karnataka State Chartered Accountants Association, Sri. Raveendra S. Kore Vs. Union of India, Central Board of Direct Taxes

    (2015) TaxCorp(LJ) 8967 (HC-KARNATAKA)

13. ITAT Ahmedabad · 12 Jun 2015
    TDS u/194C deductible when contract amount exceeds thrash hold limit

    ITO v Someshwar Real Estate Pvt. Ltd.

    (2015) TaxCorp(LJ) 8966 (ITAT-AHMEDABAD) · Section 194C

14. ITAT Pune · 12 Jun 2015
    Books cannot be rejected when PAN mentioned and TDS was deducted

    VV Constructions v ACIT

    (2015) TaxCorp(LJ) 8965 (ITAT-PUNE)

15. Karnataka High Court · 29 Sep 2015
    HC - Due-date extension is a matter in Govt. domain. CBDT to consider peremptorily representations.

    Karnataka State Chartered Accountants Association

    (2015) TaxCorp(LJ) 8964 (HC-KARNATAKA)

16. Supreme Court · 28 Sep 2015
    SC - Assessee can exercise option of income accumulation in its return of income. A charitable trust (for relevant AY 1994-95) could accumulate only upto 25% of total receipts.

    CIT. vs. G.R. Govindarajulu & Sons

    (2015) TaxCorp(LJ) 8963 (SC)

17. Delhi High Court · 28 Sep 2015
    HC - Lease of plant/machinery along-with land/building for 10 years period is not transfer u/s 2(47). No capital gains u/s 45 for AY 1994-95.

    Teletube Electronics Limited vs. CIT

    (2015) TaxCorp(LJ) 8962 (HC-DELHI)

18. ITAT Jaipur · 25 Sep 2015
    ITAT - Voluntary disclosure does not release assessee from the mischief of penal proceedings.

    Nirmal Kumar Bardia vs. DCIT

    (2015) TaxCorp(LJ) 8961 (ITAT-JAIPUR) · Section. 271(1)(c)

19. ITAT Bangalore · 25 Sep 2015
    ITAT - As software cost was capitalised and not claimed as expenditure, question of Sec 40(a)(ia) applicability on depreciation does not arise.

    Kawasaki Microelectronics Inc vs. DDIT

    (2015) TaxCorp(LJ) 8960 (ITAT-BANGALORE) · Section. 40(a)(ia)

20. ITAT Hyderabad · 25 Sep 2015
    ITAT - Income from production and sale of basic "seeds" is agricultural income exempt u/s 10(1).

    ACIT. vs. Prabhat Agri Biotech

    (2015) TaxCorp(LJ) 8958 (ITAT-HYDERABAD) · Section. 10(1)

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