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HC - RTI Act - Disclosure of income-tax returns of a politician on the ground that it is necessary for “purity of elections” and “probity in public life” is not possible as it is not in “public interest”
Shailesh Gandhi vs. CIC & Ajit Pawar
(2015) TaxCorp(LJ) 6890 (HC-BOMBAY)
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ITAT - Only payments "in pursuance of a contract" are subject to TDS u/s 194C. Payments made under a legal obligation are not covered.
Jalandhar Improvement Trust vs. ITO
(2015) TaxCorp(LJ) 6889 (ITAT-AMRITSAR) · Section. 194C
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ITAT - Installation/setting- up/repairing/servicing/maintenance/capacity augmentation require human intervention but after completing this process, mere interconnection between the operators is automatic and does not require any human intervention. Roaming charges paid by telecom service provider to other mobile operators is not fees for FTS, No TDS u/s 194J.
Bharti Hexacom Limited Vs. ITO
(2015) TaxCorp(LJ) 6884 (ITAT-JAIPUR) · Section. 194J
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HC - Exemption is available to assessee on income from sale of agriculture land for AY 2009-10, as land is situated beyond 8 kms from municipality and cannot be held as capital asset u/s 2(14).
CIT. vs. Nitish Rameshchandra Chordia
(2015) TaxCorp(LJ) 6877 (HC-BOMBAY)
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ITAT - Amendment by Finance Act, 2008 to Proviso to Sec 2(15) cannot be the ground for denying charitable trust's registration status u/s 12A & 12AA as rider in first proviso to Sec 2(15) could only come to play on 'year to year' basis and not in absolute terms.
Kapurthala Improvement Trust vs. CIT
(2015) TaxCorp(LJ) 6876 (ITAT-AMRITSAR) · Sections. 2(15), 12A
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ITAT - Exemption of 15% is not dependent on any other condition except that the trust or society should be registered u/s 12AA
ITO. vs. Bhartiya Vidya Mandir Trust
(2015) TaxCorp(LJ) 6875 (ITAT-CHANDIGARH)
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ITAT - AO was not justified in treating credit of Director’s remuneration in his account as loan transaction and thereby imposing penalty u/s.271D. Penalty u/s 271D & 271E cannot be levied on transaction entered through journal.
Goldstar Electricals Pvt. Ltd. Vs. ACIT
(2015) TaxCorp(LJ) 6874 (ITAT-MUMBAI) · Section. 271D, 271E
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HC - Income tax is levied on real income and not hypothetical income. If income does not result there cannot be tax.
The Liquidator Polymerland India P. Ltd. Versus DCIT
(2015) TaxCorp(LJ) 6873 (HC-DELHI)
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ITAT - In the absence of PE and business connection in India, no disallowance u/s 40(a)(ia) for not deducting TDS u/s 195.
JCIT. Vs. M/s. Tirupati Plywood Industries
(2015) TaxCorp(LJ) 6872 (ITAT-KOLKATA) · Sections. 40(a)(ia), 195
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ITAT - Mere acceptance by the assessee of the addition does not make entitle the department to levy concealment penalty.
IGL Gemstones Pvt. Ltd. Vs. DCIT
(2015) TaxCorp(LJ) 6871 (ITAT-MUMBAI)
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ITAT - Fee levied u/s 234E for delayed filing of TDS return is to be deleted as there is no enabling provision u/s 200A, prior to June 1, 2015, for raising demand in respect of levy of fee u/s 234E.
Sibia Healthcare Private Limited vs. DCIT
(2015) TaxCorp(LJ) 6869 (ITAT-AMRITSAR) · Sections. 234E, 200A
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ITAT - Since assessee is only a co-owner of property, cannot handover the possession and materialize the sale-deed owing to civil suit filed by other co-owners, therefore no capital gains, pursuant to assessee entering into sale-deed of a property.
Pritam Laxman Walvekar vs. ITO
(2015) TaxCorp(LJ) 6868 (ITAT-PUNE)
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ITAT - Rectification permissible based on subsequent SC ruling.
Dashrathbhai V. Patel and Ors. vs. DCIT
(2015) TaxCorp(LJ) 6867 (ITAT-AHMEDABAD)
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ITAT - Payments of software to a foreign company by an Indian software trader is not royalty payments, no TDS u/s 195.
ADIT. vs. Locuz Enterprise Solutions Ltd.
(2015) TaxCorp(LJ) 6866 (ITAT-HYDERABAD) · Section. 195
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ITAT - Allows set-off of long term capital loss arising from sale of STT paid equity shares against gains from sale of land
Raptakos Brett & Co. Ltd. vs. DCIT.
(2015) TaxCorp(LJ) 6865 (ITAT-MUMBAI)
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ITAT - Since AO failed to record reasons for making addition of unexplained investments, reassessment set aside.
Income-tax Officer, Ward-2, Assam v. Namwar Ali Mazumdar
(2015) TaxCorp(LJ) 6860 (ITAT-GAUHATI) · http://taxcorp.in/FileOpenDT.aspx?ID=41042&Category=ITAT&CategoryType=Zip
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ITAT - Protecting, maintaining and developing Indian breed of cows is to be regarded as charitable purpose within meaning of section 2(15).
Bharatiya Govansh Rakshan Samvardhan Parishad v. Commissioner of Income-tax, Guwahati
(2015) TaxCorp(LJ) 6859 (ITAT-GAUHATI) · http://taxcorp.in/FileOpenDT.aspx?ID=41041&Category=ITAT&CategoryType=Zip
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HC - Where there were deficiencies and discrepancies in books of account , AO rightly rejected books.
Pramod Kumar, Prop. Lajja Rice & Oils Mills v. Commissioner of Income-tax, Panchkula
(2015) TaxCorp(LJ) 6858 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=57445&Category=Judgment&CategoryType=Zip
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ITAT - Since rate of interest on loan given to AE was higher than rate prescribed under LIBOR, no transfer pricing adjustment in that regard was warranted.
Motherson Sumi Systems Ltd. v. Additional Commissioner of Income-tax, Range-5, New Delhi
(2015) TaxCorp(LJ) 6857 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8081&Category=INTLDecisions&CategoryType=Zip
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HC - Where it is evident that assessee inflated expenditure by showing higher purchase price through fictitious invoices, Tribunal rightly disallowed purchases.
Vijay Proteins Ltd. v. Commissioner of Income-tax
(2015) TaxCorp(LJ) 6856 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=59181&Category=Judgment&CategoryType=Zip
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