Direct Tax landmark rulings

1. P&H High Court · 08 Oct 2013
   Suspicious grounds cannot be basis to deny 12AA registration

   Commissioner of Income Tax vs Baba Kartar Singh Dukki Educational Trust

   (2013) TaxCorp(LJ) 2266 (HC-P&H) · Income Tax Section 12AA

2. ITAT Mumbai · 04 Sep 2013
   Sums received by co-operative society, by way of transfer fee and TDR premium is taxable.

   Hatkesh Co.op. Hsg. Soc. Ltd. vs Asst. CIT

   (2013) TaxCorp(LJ) 2265 (ITAT-MUMBAI) · Income Tax Section 2(24)(v) r.w s. 28(iii)

3. P&H High Court · 11 Oct 2013
   Powers of ITAT vide section 151 Civil procedure code (CPC) to direct refund of taxes collected in violation of existing demand stay order (restitution to be done by ITAT to ensure Its orders are not flouted with 'impunity'.

   Deputy Commissioner of Income Tax vs The ITAT

   (2013) TaxCorp(LJ) 2264 (HC-P&H)

4. Bombay High Court · 26 Oct 2013
   HC orders Co-Op Registrar to Prepare new panel of Auditors / Audit Firms : HC

   Santosh Ganesh Avhad Versus The Cooperation Commissioner and the Registrar of Co-operatives & Anr

   (2013) TaxCorp(LJ) 2263 (HC-BOMBAY)

5. ITAT Panaji · 13 Sep 2013
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   Muktar Minerals Pvt. Ltd. vs ACIT

   (2013) TaxCorp(LJ) 2262 (ITAT-PANAJI) · Income Tax Section 139(5)

6. ITAT Panaji · 13 Sep 2013
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   Shree Bhavani Minerals vs Commissioner of Income Tax

   (2013) TaxCorp(LJ) 2261 (ITAT-PANAJI) · Income Tax Section 10B

7. ITAT Panaji · 13 Sep 2013
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   Shree Bhavani Minerals vs Commissioner of Income Tax

   (2013) TaxCorp(LJ) 2260 (ITAT-PANAJI) · Income Tax Section 10B

8. ITAT Panaji · 26 Apr 2013
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   Sesa Goa Limited vs Addl. Commissioner of Income-tax

   (2013) TaxCorp(LJ) 2259 (ITAT-PANAJI) · Income Tax Section 195

9. ITAT Panaji · 26 Apr 2013
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   Sesa Goa Limited vs Addl. Commissioner of Income-tax

   (2013) TaxCorp(LJ) 2258 (ITAT-PANAJI) · Income Tax Section 195

10. ITAT Panaji · 28 Jun 2013
    It is permissible to grant deduction for amount invested in two financial years so long as the amount invested in one year does not exceed Rs. 50 lacs.

    Shantabai V. Kamat vs Commissioner of Income Tax

    (2013) TaxCorp(LJ) 2257 (ITAT-PANAJI) · Income Tax Section 54EC

11. ITAT Panaji · 13 Sep 2013
    S. 14A r.w rule 8D - AO has put the cart before the horse which is not permissible under law. AO should have determined whether the claim of the Assessee that it has not incurred any expenditure with regard to the Dividend income is correct or not. v

    Sociedade De Fomento Industrial Pvt. Ltd vs. DCIT

    (2013) TaxCorp(LJ) 2256 (ITAT-PANAJI) · Income Tax Section 14A r.w rule 8D

12. ITAT Panaji · 19 Sep 2013
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    The Vice Chancellor, Vishweshwaraiah Technological vs Commissioner of Income Tax

    (2013) TaxCorp(LJ) 2255 (ITAT-PANAJI) · Income Tax Section 12A

13. ITAT Panaji · 19 Sep 2013
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    The Vice Chancellor, Vishweshwaraiah Technological vs Commissioner of Income Tax

    (2013) TaxCorp(LJ) 2254 (ITAT-PANAJI) · Income Tax Section 12A

14. ITAT Bangalore · 13 Sep 2013
    S. 40(a)(ia) provision inserted in 2012 is retrospective. Hold that where two views are possible on an issue, the view in favour of the assessee has to be preferred as no decision rendered by the jurisdictional High Court on this issue.

    Deputy Commissioner of Income Tax vs Shri Ananda Marakala

    (2013) TaxCorp(LJ) 2253 (ITAT-BANGALORE) · Income Tax Section 40(a)(ia)

15. ITAT Bangalore · 13 Sep 2013
    S. 40(a)(ia) provision inserted in 2012 is retrospective. Hold that where two views are possible on an issue, the view in favour of the assessee has to be preferred as no decision rendered by the jurisdictional High Court on this issue.

    Deputy Commissioner of Income Tax vs Shri Ananda Marakala

    (2013) TaxCorp(LJ) 2252 (ITAT-BANGALORE) · Income Tax Section 40(a)(ia)

16. ITAT Bangalore · 14 Aug 2013
    No penalty u/s 271(1)(c), where AO accepted the disclose income in return filed subsequent to survey u/s 133A

    Muninaga Reddy vs Assistant Commissioner of Income-tax

    (2013) TaxCorp(LJ) 2251 (ITAT-BANGALORE) · Income Section 271(1)(c)

17. ITAT Panaji · 06 Sep 2013
    Whether the Assessee is entitled for a deduction u/s 80HHC on account of additional income offered during the search on account of deficit stock found during the search.

    M/s. Doddanavar Brothers (MO) vs Dy. Commissioner of Income Tax

    (2013) TaxCorp(LJ) 2250 (ITAT-PANAJI) · Income Tax Section 143(3) r.w.s 153A, 80HHC

18. ITAT Panaji · 06 Sep 2013
    ITAT power u/s 254(2) does not contemplate re-hearing which would have the effect of re-writing the order affecting the merit of the case

    Asst. Commissioner of Income Tax vs M/s. Sesa Goa Ltd

    (2013) TaxCorp(LJ) 2249 (ITAT-PANAJI) · Income Tax Section 254(2)

19. ITAT Bangalore · 14 Aug 2013
    No penalty u/s 271(1)(c), where AO accepted the disclose income in return filed subsequent to survey u/s 133A

    Muninaga Reddy vs Assistant Commissioner of Income-tax

    (2013) TaxCorp(LJ) 2248 (ITAT-BANGALORE) · Income tax Section 271(1)(c)

20. ITAT Panaji · 06 Sep 2013
    Addition cannot be made for the entire sale proceeds where the undisclosed sales were found. Addition can be made only for the profits embedded in the sale proceeds.

    Manita Garg Quality Steels vs Income Tax Officer

    (2013) TaxCorp(LJ) 2247 (ITAT-PANAJI)

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