Direct Tax landmark rulings

1. Delhi High Court · 23 May 2014
   Reassessment cannot be challenged based on mere subsequent judgment in the case of another assessee

   CIT Vs. Kultar Exports

   (2014) TaxCorp(LJ) 3310 (HC-DELHI)

2. Gujarat High Court · 24 Mar 2014
   Section 14A have no application if Assessee not made any claim for exemption

   COMMISSIONER OF INCOME TAX Versus CORRTECH ENERGY PVT LTD.

   (2014) TaxCorp(LJ) 3309 (HC-GUJARAT) · Section 14A

3. ITAT Ahmedabad · 27 May 2014
   (Majority view) Special Bench has no jurisdiction to consider whether an ex-Member of the ITAT can practice before it. (Dissenting view) Special Bench is duty bound to answer the question. On merits, Ex-Member cannot be disbarred from practice before it

   Nanubhai D. Desai vs. ACIT

   (2014) TaxCorp(LJ) 3308 (ITAT-AHMEDABAD)

4. Delhi High Court · 08 Apr 2013
   AO ought to have made the reference to the Valuation Officer when it was admitted that the assessee had made a claim u/s 50C. Tribunal has correctly sized up the law and has sustained the order of the CIT(A) in directing the AO to refer the valuation of the properties to the Valuation Officer in terms of the provisions of Section 50C(2) of the said Act.

   CIT vs KHUSHI RAM BHATNAGAR

   (2014) TaxCorp(LJ) 3307 (HC-DELHI)

5. Delhi High Court · 26 May 2014
   Important guidelines laid down regarding procedure for promotion of ITAT Members to avoid arbitrariness. Suggestion made that there should be a mechanism to oversee the quality of orders passed by ITAT Members

   R. P. Tolani, Sunil Kumar Yadav vs. UOI

   (2014) TaxCorp(LJ) 3306 (HC-DELHI)

6. Gujarat High Court · 24 May 2014
   No disallowance u/s 14A & Rule 8D can be made if the assessee does not have tax-free income & no claim for exemption is made

   CIT vs. Cortech Energy Pvt. Ltd.

   (2014) TaxCorp(LJ) 3305 (HC-GUJARAT) · Section 14A

7. ITAT Jodhpur · 23 May 2014
   Law laid down on when an isolated transaction can be regarded as an “adventure in the nature of trade” and the taxability of agricultural land situate beyond municipal limits

   Smt. Supriya Kanwar vs. ITO

   (2014) TaxCorp(LJ) 3304 (ITAT-JODHPUR)

8. Gujarat High Court · 23 May 2014
   S. 147: Strict guidelines laid down to streamline procedure for reopening of assessments

   Sahkari Khand Udyog Mandal Ltd vs. ACIT

   (2014) TaxCorp(LJ) 3303 (HC-GUJARAT) · Section. 147

9. Gujarat High Court · 23 May 2014
   S. 147: Reopening, even within 4 years, solely on the basis of a clarificatory retrospective amendment, is not permissible

   Sadbhav Engineering Ltd vs. DCIT

   (2014) TaxCorp(LJ) 3302 (HC-GUJARAT)

10. Allahabad High Court · 12 Sep 2013
    TDS on School bus fees to be deducted U/s. 194C – HC

    ACIT (TDS) Vs. Lotus Valley Education Society

    (2014) TaxCorp(LJ) 3301 (HC-ALLAHABAD)

11. Allahabad High Court · 05 May 2014
    No tax-free income – No Disallowance U/s. 14A r.w. Rule 8D – HC

    Commissioner Of Income Tax Vs. M/S. Shivam Motors (P) Ltd.

    (2014) TaxCorp(LJ) 3300 (HC-ALLAHABAD)

12. ITAT Mumbai · 31 Oct 2012
    Section 54F – Mere letter of allotment cannot be considered as investment in residential house

    Shri Rasiklal M. Parikh Vs. ACIT

    (2014) TaxCorp(LJ) 3299 (ITAT-MUMBAI)

13. Allahabad High Court · 08 May 2014
    HC deletes addition on creditors as three ingredients of cash credit been established

    Commissioner Of Income Tax Vs. Shri Kulbir Singh

    (2014) TaxCorp(LJ) 3298 (HC-ALLAHABAD)

14. ITAT Hyderabad · 18 Oct 2013
    Residential unit of 8ft x 8 ft dimensions cannot be treated as Building – Section 54

    Shri R.Satish Kumar Reddy Vs. ACIT

    (2014) TaxCorp(LJ) 3297 (ITAT-HYDERABAD)

15. Bombay High Court · 01 Apr 2014
    Hon`ble High court set aside Tribunal view that the assessee being a notified person under the Special Court (Trial of Offences relating to Transaction in Securities) Act,1992 is not liable to pay interest under Section 234A, 234B and 234C of the Income Tax Act,1961.

    CIT vs Cascade Holdings Pvt.Ltd

    (2014) TaxCorp(LJ) 3296 (HC-BOMBAY) · 234A, 234B, 234C

16. Supreme Court · 06 May 2014
    Judgement pronounced and dictated in open court, However Judge entitled to recalled or reviewed verdict until judgement is signed & sealed - SC Larger Bench

    Kushalbhai Ratanbhai Rohit vs. State of Gujarat

    (2014) TaxCorp(LJ) 3295 (SC)

17. ITAT Delhi · 18 Feb 2014
    AO does not have jurisdiction to go beyond the net profit shown in the Profit & Loss Account except to the extent provided in the Explanation to section 115JB of the Act and since the disallowance under the provisions of s. 14A of the Act is not covered by clauses mentioned in s. 115JB, no addition is warranted while computing book profits u/s 115JB of the Act.

    Quippo Telecom Infrastructure Ltd. Vs. ACIT

    (2014) TaxCorp(LJ) 3294 (ITAT-DELHI)

18. Gujarat High Court · 24 Feb 2014
    Carry forward of unabsorbed depreciation concerning A.Y. 2001-02 and assessment years prior thereto can be set off in subsequent years without any set time limit.

    CIT vs. Gujarat Themis Biosyn Ltd

    (2014) TaxCorp(LJ) 3293 (HC-GUJARAT)

19. Gujarat High Court · 09 Apr 2014
    Carry forward of unabsorbed depreciation concerning AY 1997-98 and 1998-99 can be set off in subsequent years without any set time limit.

    Ausom Enterprises Ltd vs DCIT

    (2014) TaxCorp(LJ) 3292 (HC-GUJARAT)

20. ITAT Mumbai · 05 May 2014
    Amount disallowed u/s 14A cannot be considered while computing the book profit u/s 115JB of the Act.

    Reliance Industrial Infrastructure Ltd vs Addl. CIT

    (2014) TaxCorp(LJ) 3291 (ITAT-MUMBAI)

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