Direct Tax landmark rulings

1. Gujarat High Court · 08 Jul 2014
   Whether the reassessment proceedings u/s 148 can be initiated merely on the basis of audit party objections - Whether such reassessment proceeding initiated would be considered as legally valid.

   MAYUR WOVENS PVT LTD. Vs. INCOME TAX OFFICER AND 1

   (2014) TaxCorp(LJ) 3512 (HC-GUJARAT) · Income Tax - Section 148

2. Gujarat High Court · 07 Jul 2014
   Whether such addition made on account of cessation of liability of the assessee can be allowed as valid.

   COMMISSIONER OF INCOME TAX-I Vs. LMP TRACTORS P LTD.

   (2014) TaxCorp(LJ) 3511 (HC-GUJARAT) · Income Tax - Sections 41(1), 143(1), 148

3. Gujarat High Court · 10 Jun 2014
   Whether an assessing officer can deny deduction claimed by the assessee, which was earlier allowed and no appeal was preferred against the same by the assessee for previous assessment years.

   DEPUTY COMMISSIONER OF INCOME TAX Vs. GUJARAT SETCO CLUTCH LTD.

   (2014) TaxCorp(LJ) 3510 (HC-GUJARAT) · Income Tax - Sections 43B, 154.

4. Gujarat High Court · 09 Jun 2014
   Whether an assessee is entitled to claim deductions under Chapter-VI-A from the income computed as undisclosed income under Chapter XIV B - Whether such deduction claimed is retrospectively applicable to an assessee.

   GOPALBHAI GOVINDLAL CHOKSHI Vs. DEPUTY COMMISSIONER OF INCOME TAX (ASSESSMENT)

   (2014) TaxCorp(LJ) 3509 (HC-GUJARAT) · Income Tax - Section 158BB

5. ITAT Panaji · 04 Apr 2014
   Whether assessee is entitled to deduction u/s 80P(2)(a)(i) where the deposits accepted from non-members were used by the Assessee co-operative society for lending or investment and the paid up share capital and reserves of the assessee were more than Rs. 1 lac and the bye-laws of society permitted the admission of any other co-operative society as member.

   INCOME TAX OFFICER Vs. THE MAHALAXMI CREDIT SOUHARD SAHAKARI LTD.

   (2014) TaxCorp(LJ) 3508 (ITAT-PANAJI) · Income Tax - Sections 80P(2)(a)(i), 80P(4)

6. ITAT Cochin · 27 Jun 2014
   Whether when the assessee has not produced relevant documents before the AO, he can be given a second chance for representation before the first appellate authority.

   M/s MUTHOOT FINCORP LTD. Vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

   (2014) TaxCorp(LJ) 3507 (ITAT-COCHIN) · Income Tax - Sections 40a(ia), 115J, 115JAA, 143(3), 147, 148, 194C

7. ITAT Lucknow · 04 Jul 2014
   Whether the claim of assessee regarding write off of value of stock lying in bonded warehouse is acceptable, as it it appears that by auctioning the goods, the amount realized will be adjusted against the claim of the Department on account of Customs Duty.

   ASSTT COMMISSIONER OF INCOME TAX Vs. M/s J K COTTON SPG & WVG MILLS CO LTD.

   (2014) TaxCorp(LJ) 3506 (ITAT-LUCKNOW) · Income Tax – Section 43B

8. AP High Court · 01 Jul 2014
   Income Tax - Sections 80HHC, 80Q

   CIT Vs M/s ORIENT LONGMAN LTD.

   (2014) TaxCorp(LJ) 3505 (HC-AP) · Income Tax - Sections 80HHC, 80Q

9. AP High Court · 09 Jul 2014
   Income Tax - Sections 143(1)(a), 234B, 264

   EAST INDIA PETROLEUM LTD. Vs CIT

   (2014) TaxCorp(LJ) 3504 (HC-AP) · Income Tax - Sections 143(1)(a), 234B, 264

10. ITAT Hyderabad · 16 Jul 2014
    Income Tax - Section 115WB(1)(c)

    ANDHRA BANK Vs DCIT

    (2014) TaxCorp(LJ) 3503 (ITAT-HYDERABAD) · Income Tax - Section 115WB(1)(c)

11. ITAT Mumbai · 16 Jul 2014
    Income Tax - Sections 69, 132, 292C

    DCIT Vs M/s DURIAN INDUSTRIES LTD.

    (2014) TaxCorp(LJ) 3502 (ITAT-MUMBAI) · Income Tax - Sections 69, 132, 292C

12. ITAT Hyderabad · 16 Jul 2014
    Income Tax - Sections 50C, 68, 69, 143(3)

    RAVI SARAFF Vs ITO

    (2014) TaxCorp(LJ) 3501 (ITAT-HYDERABAD) · Income Tax - Sections 50C, 68, 69, 143(3)

13. ITAT Pune · 10 Jul 2014
    Health Insurance - Third Party Administrator - Smart card - Electronic chip.

    ACIT Vs M/s MD INDIA HEALTHCARE SERVICES (TPA) PVT LTD.

    (2014) TaxCorp(LJ) 3500 (ITAT-PUNE)

14. ITAT Chandigarh · 15 Jul 2014
    Income Tax - Sections 46a(1)(d), 69, 131, 142(2A)

    GURJIT SINGH Vs DCIT

    (2014) TaxCorp(LJ) 3499 (ITAT-CHANDIGARH) · Income Tax - Sections 46a(1)(d), 69, 131, 142(2A)

15. ITAT Mumbai · 10 Jul 2014
    Income Tax - Sections 10B, 40(a)(ia), 80IA(10), 192, 194J

    PYRAMID ENTEK PVT LTD Vs ACIT

    (2014) TaxCorp(LJ) 3498 (ITAT-MUMBAI) · Income Tax - Sections 10B, 40(a)(ia), 80IA(10), 192, 194J

16. ITAT Kolkata · 14 Jul 2014
    Income Tax – Sections 80-I, 80-IA, 80-IB, 154

    LINC PEN AND PLASTICS LTD Vs ACIT.

    (2014) TaxCorp(LJ) 3497 (ITAT-KOLKATA) · Income Tax – Sections 80-I, 80-IA, 80-IB, 154

17. ITAT Kolkata · 30 Jun 2014
    Where conditions of section 47(xiiib) are not fulfilled, capital gains arising on account of LLP conversion year is taxable under section 45

    Aravali Polymers LLP vs JCIT

    (2014) TaxCorp(LJ) 3496 (ITAT-KOLKATA) · section 47(xiiib)

18. ITAT Delhi · 27 Jun 2014
    Whether reasons recorded with respect to the director of the assessee in his personal capacity can be made valid grounds for reopening assessment of the assessee.

    G K CONSULTANTS LTD. VS. INCOME TAX OFFICER

    (2014) TaxCorp(LJ) 3495 (ITAT-DELHI) · Income Tax - Sections 147, 148

19. ITAT Pune · 30 Apr 2014
    Whether the CIT(A) is justified in deleting the addition made on account of Agricultural Income when the revenue authorities have not disputed the land holding and agricultural activity thereon and a similar addition made in earlier A.Y was deleted by CIT(A) and revenue have not preferred appeal against the same.

    DEPUTY COMMISSIONER OF INCOME TAX Vs. GHODAWAT INDUSTRIES (I) PVT LTD.

    (2014) TaxCorp(LJ) 3494 (ITAT-PUNE) · Income Tax - Sections 68

20. P&H High Court · 27 Sep 2013
    TDS Credit allowed in subsequent year as it wasn’t claimed in year of income due to delay in issue of TDS Certificate

    Commissioner of Income Tax Versus M/s Abbott Agency

    (2014) TaxCorp(LJ) 3493 (HC-P&H)

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