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Pursuing law & practicing law are two different things –SC
Archana Girish Sabnis vs Bar Council Of India & Ors.
(2014) TaxCorp(LJ) 4525 (SC)
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ITAT - Deposit made by individual taxpayer in Trust's bank account wherein assessee was a sole beneficiary represents unaccounted income
Mohan Manoj Dhupelia and Ors vs. DCIT
(2014) TaxCorp(LJ) 4524 (ITAT-MUMBAI)
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ITAT - Pre-clinical research payments are in the nature of FTS
Dr Reddy’s Research Foundation vs. DCIT
(2014) TaxCorp(LJ) 4523 (ITAT-HYDERABAD)
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ITAT - Payment to Swiss Co. for installation / commissioning of complex 'mail room equipment', not taxable in India as not FTS
Bennet Coleman & Co. Ltd. vs. ITO
(2014) TaxCorp(LJ) 4522 (ITAT-MUMBAI) · Section. 9(l)(vii)
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ITAT - Sec 35(2AB) deduction available for expenditure incurred on in-house scientific research
Resil Chemicals Pvt. Ltd vs. DCIT
(2014) TaxCorp(LJ) 4521 (ITAT-BANGALORE) · Section. 35(2AB)
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ITAT - Payment for acquisition of Plant know-how for erection of plant and machinery, not 'royalty', and not taxable in India
Finoram Sheets Ltd. vs. ITO
(2014) TaxCorp(LJ) 4520 (ITAT-PUNE)
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ITAT - Assessee entitled to deduction on expenditure of capital nature when used for scientific research relating to assessee's business
DCIT vs. AVRA Laboratories P. Ltd.
(2014) TaxCorp(LJ) 4519 (ITAT-HYDERABAD)
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ITAT - 'Voluntary surrender' by land owners in lieu of development rights not 'compulsory acquisition', Sec 194LA not applicable
Chief Accounts Officer, Bruhat Bangalore Mahanagar Palike vs ITO
(2014) TaxCorp(LJ) 4518 (ITAT-BANGALORE) · Section. 194LA
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ITAT - AS-7 can be followed even though not notified u/s 145
International Metro Civil Contractors vs ACIT
(2014) TaxCorp(LJ) 4517 (ITAT-MUMBAI) · Section. 145
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ITAT - For Capital Gains transfer of property takes place when consideration was paid and possession was handed over and not registration
Amitkumar Ambalal Shah vs ITO
(2014) TaxCorp(LJ) 4516 (ITAT-AHMEDABAD)
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When Govt agency's 'other income' partakes character of grant which is not taxable, 'other income' as will also be non-revenue in nature
Inland Waterways Authority of India vs. Addl CIT
(2014) TaxCorp(LJ) 4515 (ITAT-DELHI)
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HC - No TDS u/s 194H on 'fees' charged by bank for rendering banking services as the same not 'commission'
CIT vs JDS Apparels Private Limited
(2014) TaxCorp(LJ) 4514 (HC-DELHI)
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ITAT - For initiating re-assessment proceedings, the source of information is not relevant. It is the information and its authenticity that matters
Justice P.D.Dinakaran vs DCIT
(2014) TaxCorp(LJ) 4513 (ITAT-CHENNAI)
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SC - SLP Dismissed - No straight jacket formula to decide the nature of share sale purchase transaction
CIT vs. Devasan Investment Pvt Ltd
(2014) TaxCorp(LJ) 4512 (SC)
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S. 271(1)(c): Before proceeding to the Explanation below s. 271 and putting the responsibility on the assessee, it is necessary for the AO to first demonstrate that the assessee's explanation or conduct is not reasonable on human probabilities, or that it was in the nature of violating settled legal positions. If the explanation is not fanciful, baseless or unacceptable, penalty cannot be levied
CIT. Vs. Rucha Engineers Pvt. Ltd.
(2014) TaxCorp(LJ) 4511 (HC-BOMBAY) · Section. 271(1)(c), 271
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S. 158BD: Issue of notice u/s 158BD to the non-searched party has to be within the within the two years period given to the AO for completion of block assessment u/s 158BE(1)
CIT. Vs. V. D. Muralidharan
(2014) TaxCorp(LJ) 4510 (HC-MADRAS) · Section. 158BD, 158BE(1)
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S. 80-B(10): Law laid down in Radhe Developers 341 ITR 483 (Guj) on "works contract" is not affected by the law laid down by the Supreme Court in Larsen and Toubro Limited (2014) 1 SCC 708 and K. Raheja Development Corporation (2005) 141 STC 298
CIT vs. Vishal Developers
(2014) TaxCorp(LJ) 4509 (HC-GUJARAT) · Section 80-B(10)
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S. 253(3): Delay of 1163 days in filing the appeal due to languid and inane conduct of the assessee cannot be condoned as it would result in the limitation period becoming otiose
SRF Limited vs. ACIT
(2014) TaxCorp(LJ) 4508 (ITAT-DELHI) · Section 253(3)
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S. 14A Rule 8D: No presumption can be drawn that investment in tax-free securities has come from own funds. The amount of disallowance has to be added to the book profits u/s 115JB
Ferani Hotels Pvt. Ltd vs. ACIT
(2014) TaxCorp(LJ) 4507 (ITAT-MUMBAI) · Section 14A
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Whether when the assessee fails to bring to the notice of the AO the orders of assessments passed in the case of other AYs, it is to be construed as not full disclosure of facts and it warrants issue of notice u/s 148
ICICI BANK LTD. Vs. DCIT
(2014) TaxCorp(LJ) 4345 (HC-BOMBAY) · Income tax – Sections 36(1)(vii) & (viia), 143(3), 147, 148, 150
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