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ITAT - If an amount becomes taxable due to a retrospective amendment, payments prior to the amendment cannot be disallowed for want of TDS
ACIT. vs. Ajit Ramakant Phatarpekar
(2015) TaxCorp(LJ) 5823 (ITAT-PANAJI) · Section. 40(a)(ia)
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HC - The mens rea regarding concealing and inaccurate particulars need not be established by the department, immunity under Expln. 5(2) can be extended depending upon the facts and circumstances of each case if the explanation offered is to the satisfaction of the officer concerned
CIT. vs. V.N.Sridhar
(2015) TaxCorp(LJ) 5822 (HC-KARNATAKA) · Section. 271(1)(c)
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ITAT - Payment received by assessee from sale of software and provisions of maintenance and other supports services to customers in India were not taxable as ‘royalty’, in terms of article 12 of India US DTAA
M/s Halliburton Export Inc. Vs. Asstt. D.I.T
(2015) TaxCorp(LJ) 5821 (ITAT-DELHI)
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ITAT - Interest paid by assessee Indian branch of a Belgian bank to its head Office on subordinate debts and term borrowing, in view of domestic law as well as treaty same would not be chargeable to tax in India. No TDS required.
Antwerp Diamond Bank NV vs. ADIT
(2015) TaxCorp(LJ) 5820 (ITAT-MUMBAI)
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HC - Amount paid by Hero Honda for acquiring right to use technical know-how was revenue in nature as ownership of intellectual property rights in know how remained with foreign Company.
Commissioner of Income Tax-IV v. Hero Honda Motors Ltd.
(2015) TaxCorp(LJ) 5814 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=60332&Category=Judgment&CategoryType=Zip
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HC - Intention or satisfaction to initiate penalty proceedings under section 271(1)(c) needs to be evident from order of assessment.
Commissioner of Income-tax, Vijayawada v. Lotus Constructions
(2015) TaxCorp(LJ) 5813 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=58809&Category=Judgment&CategoryType=Zip
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HC - It was not permissible for assessee to revise application under section 245C and he was to pay additional tax in terms of original application.
Pukhraj Bhabhutmal Shah v. Income-tax Officer
(2015) TaxCorp(LJ) 5812 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=58797&Category=Judgment&CategoryType=Zip
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ITAT - The provisions of section 194H are not attracted in the case of discount, being passed to the customer. Therefore, discount offered by air travel agent to lure customers not liable for TDS u/s 194H.
Income-tax Officer (TDS) v. Kesar Travels Ltd.
(2015) TaxCorp(LJ) 5811 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=37993&Category=ITAT&CategoryType=Zip
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HC - AO reopened assessment only on objection raised by audit party without recording his satisfaction is unjustified.
Commissioner of Income-tax -12 v. DRM Enterprises
(2015) TaxCorp(LJ) 5810 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=59013&Category=Judgment&CategoryType=Zip
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HC - If the statement made during the course of search remains the same, it can constitute the basis for proceeding further under the Act, even if there is no other material. If, on the other hand, the statement is retracted, the Assessing Officer has to establish his own case.
Commissioner of Income-tax, Karnataka v. Shri Ramdas Motor Transport Ltd.
(2015) TaxCorp(LJ) 5809 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=58576&Category=Judgment&CategoryType=Zip
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ITAT - Intellectual property including rights to patents were generated during research belong to assessee, therefore payment for pre-clinical research was FTS
Dr. Reddy's Research Foundation v. Deputy Commissioner of Income-tax, Circle 14 (3), Hyderabad
(2015) TaxCorp(LJ) 5808 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenINTL.aspx?ID=7701&Category=INTLDecisions&CategoryType=Zip
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ITAT - Provisions of section 50C not applicable in case of transfer of leasehold rights in land or building.
Kancast (P.) Ltd. v. Income-tax Officer, Ward 9 (3), Pune
(2015) TaxCorp(LJ) 5807 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=39655&Category=ITAT&CategoryType=Zip
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HC - Investment made by way of purchasing a plot to avail exemption under section 54F, but after a year said property was sold, original capital gain to be taxed in year of sale of new asset (investment) and not in year of its accrual.
R.S. Sharma v. Income-tax Officer, Bangalore
(2015) TaxCorp(LJ) 5806 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=60664&Category=Judgment&CategoryType=Zip
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HC - Depreciation on swimming pool at the rate of 33.33 per cent treating it as plant and machinery in case of a hotel is not justified.
Commissioner of Income-tax v. Cama Hotels Ltd.
(2015) TaxCorp(LJ) 5805 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=58868&Category=Judgment&CategoryType=Zip
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ITAT - Failure of to show that change of depreciation policy was in conformity with accounting standards as required under provisions of Companies Act, Reassessment upheld.
Intelenet Global Services (P.) Ltd. v. Deputy Commissioner of Income-tax-1 (2), Mumbai
(2015) TaxCorp(LJ) 5804 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=40044&Category=ITAT&CategoryType=Zip
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HC - The agreement of supply of gas by GAIL to the assessee, is a simplicitor transaction of sale and purchase and cannot be termed to be an agreement for work/providing of technical services. Hence, provisions of sections 194C and 194J would not be applicable
Commissioner of Income-tax v. Samtel Glass Ltd.
(2015) TaxCorp(LJ) 5803 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=58893&Category=Judgment&CategoryType=Zip
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HC - It cannot be said that the delay in issuing the notice (although the satisfaction note was recorded within reasonable time) was fatal to the block assessment against the assessee.
Commissioner of Income-tax v. Sudhir Dhingra
(2015) TaxCorp(LJ) 5802 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=60335&Category=Judgment&CategoryType=Zip
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ITAT - Provisions of section 167B have no application to society registered under Societies Act, 1960 or any other society formed in accordance on similar lines
KMR Educational Society v. Assistant Commissioner of Income-tax, Central Circle-1, Hyderabad
(2015) TaxCorp(LJ) 5801 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=40042&Category=ITAT&CategoryType=Zip
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ITAT - Even if the receipts as per TDS certificate are to be considered as income of the assessee then the payment made by the assessee has to be allowed as expenses and it will not result in addition in the hands of the assessee
M/s. Setia Carriers Versus Income Tax Officer
(2015) TaxCorp(LJ) 5800 (ITAT-LUCKNOW) · http://taxcorp.in/FileOpenDT.aspx?ID=40030&Category=ITAT&CategoryType=Zip
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ITAT - Assessee has adopted the recourse of avoiding litigation, therefore, revised the return to buy peace of mind, No penalty u/s.271(1)(c)
The Deputy Commissioner of Income Tax Versus Regent Granito India Ltd., Sonata Ceramics Pvt. & Ltd. & M/s. Crystal Glazes
(2015) TaxCorp(LJ) 5799 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=40032&Category=ITAT&CategoryType=Zip
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