Direct Tax landmark rulings

1. Supreme Court · 15 Apr 2014
   Govt woman employee can get uninterrupted 2-yr leave for child care – SC

   Kakali Ghosh Versus Chief Secretary

   (2014) TaxCorp(LJ) 3204 (SC)

2. ITAT Hyderabad · 27 Dec 2011
   Mere subsequent Commercial use of Residential Property not take away benefit u/s.54F

   Shri M.V.Subramanyeswara Reddy (HUF) & Others Versus DCIT

   (2014) TaxCorp(LJ) 3203 (ITAT-HYDERABAD) · S.54F

3. ITAT Hyderabad · 21 Jan 2014
   Mere non residential use subsequently would not render property ineligible for benefit U/s. 54F

   Shyamlal Tandon Vs. ITO

   (2014) TaxCorp(LJ) 3202 (ITAT-HYDERABAD) · S. 54F

4. ITAT Mumbai · 04 Apr 2014
   ITAT Confirms Addition of 1% Commission on Total Hawala / Bogus Turnover

   M/s. Saroj Anil Steel P. Ltd. V/s. Income Tax Officer Ward-3(4)

   (2014) TaxCorp(LJ) 3199 (ITAT-MUMBAI)

5. Rajasthan High Court · 18 Apr 2014
   S. 234E: High Court issues notice on challenge to notices for levy of fee for failure to file TDS statement. Recovery of fee is subject to outcome of Petition

   Om Prakash Dhoot vs. UOI.

   (2014) TaxCorp(LJ) 3198 (HC-RAJASTHAN) · S. 234E

6. Rajasthan High Court · 26 Mar 2014
   Strictures passed regarding poor quality of orders of the ITAT. Government urged to ensure that only competent persons are appointed Members of the ITAT

   CIT Vs. Ram Singh

   (2014) TaxCorp(LJ) 3197 (HC-RAJASTHAN)

7. Supreme Court · 20 Mar 2014
   S. 244A: Deductor entitled to interest on refund of excess TDS from date of payment

   UOI vs. Tata Chemicals Ltd.

   (2014) TaxCorp(LJ) 3196 (SC) · S. 244A

8. ITAT Delhi · 19 Mar 2014
   Transfer Pricing: After TPO determines the AMP expenditure incurred for benefit of AE, balance is deemed to be incurred for assessee’s business & is automatically allowable u/s 37(1)

   Whirlpool of India Ltd vs. DCIT

   (2014) TaxCorp(LJ) 3195 (ITAT-DELHI) · S. 37(1)

9. Supreme Court · 19 Mar 2014
   A charitable and religious trust which does not benefit any specific religious community is not hit by s. 13(1)(b) & is eligible to claim exemption u/s 11

   CIT vs. M/s Dawoodi Bohara Jamat

   (2014) TaxCorp(LJ) 3194 (SC) · S. 13(1)(b)

10. ITAT Delhi · 19 Mar 2014
    Transfer Pricing: A transaction (such as a corporate guarantee) which has no bearing on profits, incomes, losses or assets of the enterprise is not an ‘international transaction’ u/s 92B(1) and not subject to transfer pricing

    Bharti Airtel Limited vs. ACIT.

    (2014) TaxCorp(LJ) 3193 (ITAT-DELHI)

11. ITAT Delhi · 19 Mar 2014
    ITAT hauls up AO & DRP for “blatantly frivolous & unsustainable” additions. Suggests that accountability mechanism be set up to put a check on AO. Rationale for existence of ineffective DRP questioned

    Bharti Airtel Limited vs. ACIT.

    (2014) TaxCorp(LJ) 3192 (ITAT-DELHI)

12. ITAT Mumbai · 17 Mar 2014
    S. 56(2)(vii) does not apply to bonus & rights shares offered on a proportionate basis even if the offer price is less than the FMV of the shares

    Sudhir Menon HUF vs. ACIT.

    (2014) TaxCorp(LJ) 3191 (ITAT-MUMBAI) · S. 56(2)(vii)

13. Delhi High Court · 18 Mar 2014
    S. 220: After rejecting stay application AO must give reasonable time before taking steps for coercive recovery

    Sony India Pvt. Ltd vs. ACIT.

    (2014) TaxCorp(LJ) 3190 (HC-DELHI) · S. 220

14. Delhi High Court · 18 Mar 2014
    S. 142(2A): AO need not examine books of account before directing special audit. Q whether accounts are “complex” has to decided by AO & Court can interfere sparingly

    AT&T Communication Services India (P) Ltd vs. CIT.

    (2014) TaxCorp(LJ) 3189 (HC-DELHI) · S. 142(2A)

15. Delhi High Court · 18 Mar 2014
    S. 147: Court can examine existence but not adequacy of reasons. AO is only required to provide material on which he relies to reopen the assessment

    Acorus Unitech Wireless Pvt. Ltd vs. ACIT.

    (2014) TaxCorp(LJ) 3188 (HC-DELHI) · S. 147

16. ITAT Mumbai · 08 Apr 2014
    Transfer Pricing: Companies in ITES cannot be classified into low-end BPO services and high-end KPO services for comparability analysis but have to be classified based on the functions performed. Comparables with abnormal profit margins cannot be discarded per se but must be examined to determine whether the high margins are due to normal business conditions or not

    Maersk Global Centres (India) Pvt. Ltd vs. ACIT.

    (2014) TaxCorp(LJ) 3187 (ITAT-MUMBAI)

17. Bombay High Court · 07 Mar 2014
    High Court lays down zero-tolerance policy over adjournments. Threatens to dismiss appeals, hear them ex-parte or and/or impose costs if counsel are not prepared

    Thermax Babcock & Wilcox Ltd vs. CIT.

    (2014) TaxCorp(LJ) 3186 (HC-BOMBAY)

18. Supreme Court · 01 Apr 2014
    S. 158BC/ 158BD: Law on how & when “satisfaction” has to be recorded by AO to attain jurisdiction over non-searched person explained

    CIT vs. Calcutta Knitwears

    (2014) TaxCorp(LJ) 3185 (SC) · S. 158BC, 158BD

19. Bombay High Court · 04 Apr 2014
    S. 194-H TDS does not apply to all sales promotional expenditure. It applies only if relationship between payer & payee is that of principal & agent

    CIT vs. Intervet India Pvt. Ltd.

    (2014) TaxCorp(LJ) 3184 (HC-BOMBAY) · S. 194-H

20. Bombay High Court · 04 Apr 2014
    Write-off of irrecoverable advances is not a “transfer” and the loss cannot be claimed as a capital loss u/s 45

    Crompton Greaves Limited vs. DCIT

    (2014) TaxCorp(LJ) 3183 (HC-BOMBAY) · S. 45

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