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Landmark Rulings

Direct Tax landmark rulings

16,068 rulings

  1. Delhi High Court · 22 Aug 2014
    Whether issues like examination of cross-transactions among bank accounts qualify to be considered in exercise of power under Section 154

    JRD STOCK BROKERS PVT LTD. Vs. CIT

    (2014) TaxCorp(LJ) 4054 (HC-DELHI) · Income Tax - Sections 68, 132, 143(3), 154, 158

  2. Delhi High Court · 28 Aug 2014
    Assessee mentioned that the said statement was given under duress and was retracted by him at the first available opportunity when he was produced for the first time in Court.

    DEPARTMENT OF CUSTOMS Vs. JOGINDER PAL JAIN

    (2014) TaxCorp(LJ) 4053 (HC-DELHI)

  3. Delhi High Court · 22 Aug 2014
    Whether provisions of Sec 43A will apply even if FCNR loan is taken not for acquisition of capital assets

    CIT. Vs. CLIMATE SYSTEM PVT LTD.

    (2014) TaxCorp(LJ) 4052 (HC-DELHI) · Income tax - Sections 43A, 143(3), 263

  4. ITAT Delhi · 22 Aug 2014
    Whether when an assessee who was not a shareholder of the company from which he had received a loan or an advance, the said loan can be treated as dividend u/s 2(22)(e)

    ITO. Vs. M/s MORGAN EXIM PVT LTD.

    (2014) TaxCorp(LJ) 4051 (ITAT-DELHI) · Income tax – Sections 2(22)(e)

  5. ITAT Lucknow · 22 Aug 2014
    Whether a small variation in gross profit can be a basis for an addition

    ACIT. Vs. M/s KARMIN INTERNATIONAL

    (2014) TaxCorp(LJ) 4050 (ITAT-LUCKNOW) · Income Tax - Sections 9(1) (vii), 195(1)

  6. Delhi High Court · 25 Aug 2014
    Whether when the first appellate authority has simply directed the AO to pass speaking order before charging interest, such an order can be construed as restrictions being imposed on the AO from levying interest under particular Section.

    COMMISSIONER OF INCOME TAX – III Vs. M/s R R HOLDINGS PVT LTD.

    (2014) TaxCorp(LJ) 4049 (HC-DELHI) · Income tax – Sections 143(3), 154, 201, 207, 208, 209-A, 215, 217(1A), 219, 250, 254(2)

  7. Bombay High Court · 20 Aug 2014
    Whether this amount, would be considered in the nature of contingent liability as the refund is yet to be disbursed and paid to the assessee alongwith interest.

    M/s MAFATLAL INDUSTRIES LTD. Vs. COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4048 (HC-BOMBAY)

  8. Karnataka High Court · 27 Mar 2014
    Whether a writ petition filed can be entertained to balance the equation and safeguard the interest of the assessees and the Revenue, even when the assessment order is still pending for disposal.

    THE JANATHA CO-OPERATIVE BANK Vs. THE COMMISSIONER OF INOME TAX (TDS), THE ADDITIONAL COMMISSIONER OF INCOME TAX (TDS), THE DEPUTY COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4047 (HC-KARNATAKA) · Income Tax - Sections 156, 194A, 220(1), 22(1), 56(o)

  9. Madras High Court · 11 Aug 2014
    Whether an assessee can be denied exemption under Section 10(23C)(iiiad) on the basis of conversion of a capital asset from one form to another.

    COMMISSIONER OF INCOME TAX Vs. MADRASA E-BAKHIYATH-US-SALIHATH ARABIC COLLEGE BAKHIYATH-US-SALIHATH STREET

    (2014) TaxCorp(LJ) 4046 (HC-MADRAS) · Income Tax - Sections 10(23C)(iiiad), 12A

  10. Madras High Court · 11 Aug 2014
    Whether the claim of bad debts in relation to non-rural branches of assessee bank is allowable without first setting off against the provision already allowed u/s 36(1)(viia), when no distinction was made between advances relating to non-rural and rural advances.

    THE COMMISSIONER OF INCOME TAX-II Vs. CITY UNION BANK LIMITED

    (2014) TaxCorp(LJ) 4045 (HC-MADRAS) · Income Tax - Section 36(1)(viia)

  11. Bombay High Court · 11 Aug 2014
    Whether orders passed under block assessment could be widened to include in its ambit regular assessment proceedings.

    M/s ESKAY K'n' IT (INDIA) LTD Vs DEPUTY COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4044 (HC-BOMBAY) · Income tax - Sections 139(5), 143(3), 147, 148, 149, 150

  12. Gujarat High Court · 05 Aug 2014
    Whether such an addition can be deleted following their earlier decision on the identical issue, without considering the criteria for calculating the limits for sum assured prescribed by the insurance company which has been regulated by IRDA and without which the value of a Keyman.

    COMMISSIONER OF INCOME TAX-III Vs P G FOILS LTD.

    (2014) TaxCorp(LJ) 4043 (HC-GUJARAT)

  13. Kerala High Court · 08 Jul 2014
    Whether credit for TDS made by the employer from the employee's salary is to be allowed, even if it has not uploaded the same in the Department's system through filing proper TDS return.

    SRI JOHN MATHEWS, M/s LOTS SHIPPING LTD Vs THE INCOME TAX OFFICER, THE CENTRAL BOARD OF DIRECT TAXES

    (2014) TaxCorp(LJ) 4042 (HC-KERALA) · Income Tax - Section 143(1)

  14. Karnataka High Court · 09 Jun 2014
    HC – Cost Sharing Agreement only a device to avoid tax; payment to use intranet facility taxable as “royalty”

    CIT, ITO vs. CGI Information Systems and Management Consultants Pvt Ltd

    (2014) TaxCorp(LJ) 4041 (HC-KARNATAKA) · Section 9

  15. ITAT Pune · 30 Apr 2014
    Whether assessee could claim deduction for payments made towards employees contribution of ESIC and PF which was however not paid within the 'due date'.

    DEPUTY COMMISSIONER OF INCOME TAX Vs ENTRACO POWERS SYSTEMS PVT LTD.

    (2014) TaxCorp(LJ) 4040 (ITAT-PUNE) · Income Tax - Sections 40(a), 40A(2), 133A, 139(1), 194C, 201(1)

  16. ITAT Ahmedabad · 27 Jun 2014
    Whether provision for diminution in the value of investment could be excluded from the taxable income upon reversal of such provision.

    GUJARAT STATE FINANCIAL SERVICES LTD Vs DEPUTY COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4039 (ITAT-AHMEDABAD) · Income Tax - Sections 14A, 41(4), 143(3)

  17. ITAT Delhi · 25 Jul 2014
    Whether there is any apparent error on the face of the record, when assessment order has been passed after due verification and examination.

    S B M & CO (P) LTD. Vs. INCOME TAX OFFICER

    (2014) TaxCorp(LJ) 4038 (ITAT-DELHI) · Income Tax - Sections 143(2), 144, 154

  18. ITAT Bangalore · 04 Jul 2014
    Whether in case the legal issue challenging the validity of assessments was not given up by the assessee, it is entitled to raise the same for the first time even before the Tribunal during appeal.

    PRITHVI DEVELOPERS & BUILDERS Vs THE DEPUTY COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4037 (ITAT-BANGALORE) · Income Tax - Sections 69, 132, 133A, 153A, 153C

  19. ITAT Lucknow · 21 Aug 2014
    Whether provisions of section 40(b)/40(ba) relating to disallwoance of Director's allowance also apply to a co-operative society

    NORTHERN RAILWAY PRIMARY COOPERATIVE BANK LTD Vs ASSTT COMMISSIONER OF INCOME TAX, RANGE-II

    (2014) TaxCorp(LJ) 4036 (ITAT-LUCKNOW) · Income tax - Sections 40(b), 40(ba), 40(a)(ia), 194A

  20. ITAT Amritsar · 15 Apr 2014
    Whether an outstanding amount in the name of a borrower would represent that the money was lent in the ordinary course of business of money lending, in absence of any loan agreement.

    M/s J K FINANCE CO Vs ASSTT COMMISSIONER OF INCOME TAX

    (2014) TaxCorp(LJ) 4035 (ITAT-AMRITSAR) · Income Tax - Sections 2, 36, 155

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