All landmark rulings

1. Direct Tax ·ITAT Delhi · 11 Jul 2014
   Rebate of STT paid u/s 88E available against tax calculated u/s 115JB

   DCIT. Vs. M/s Credential Stock Brokers Ltd.

   (2014) TaxCorp(LJ) 3520 (ITAT-DELHI) · Sections. 88E, 115JB

2. Direct Tax ·Bombay High Court · 17 Jul 2014
   Whether inland haulage charges are also eligible for tax treaty benefits under Article 8 of the DTAA.

   DIT Vs M/s SAFMARINE CONTAINER LINES NV.

   (2014) TaxCorp(LJ) 3519 (HC-BOMBAY) · Income tax - Sections 44B

3. Direct Tax ·ITAT Delhi · 04 Jul 2014
   AO cannot object submission of additional evidence if same is accepted by CIT(A)

   ITO. Vs. Karan Mehra

   (2014) TaxCorp(LJ) 3518 (ITAT-DELHI)

4. Direct Tax ·ITAT Delhi · 04 Jul 2014
   Penalty not leviable on issue on which a substantial question of law has been framed by HC

   JHPL Holding (P) Ltd. Vs. ACIT

   (2014) TaxCorp(LJ) 3517 (ITAT-DELHI)

5. Direct Tax ·ITAT Chennai · 06 Jan 2014
   Trust Eligible for Relief u/s in respect of income from pharmacy run by it with in its hospital premises

   Franciscan Sisters of St. Joseph Society Vs. JCIT

   (2014) TaxCorp(LJ) 3516 (ITAT-CHENNAI)

6. Direct Tax ·Bombay High Court · 22 Jul 2014
   Loss on account of depreciation in value of securities held as stock is not notional & is allowable as a deduction

   CIT vs. HDFC Bank Ltd

   (2014) TaxCorp(LJ) 3515 (HC-BOMBAY)

7. Direct Tax ·Allahabad High Court · 03 Jul 2014
   Whether in the event of closure of a firm, stock of the said firm would be carry forward to the newly formed company, at cost only.

   THE COMMISSIONER OF INCOME TAX Vs. M/s MOTILAL DULI CHAND

   (2014) TaxCorp(LJ) 3514 (HC-ALLAHABAD) · Income Tax - Sections 254(2), 260

8. Direct Tax ·Gujarat High Court · 08 Jul 2014
   Whether the order passed by Tribunal will give rise to any question of law, in case it has relied upon its own decision in the case of very assessee on similar facts, in the previous AYs.

   COMMISSIONER OF INCOME TAX Vs. SAKAR CORPORATION

   (2014) TaxCorp(LJ) 3513 (HC-GUJARAT) · Income Tax - Section 80IB

9. Direct Tax ·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

10. Direct Tax ·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

11. Direct Tax ·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.

12. Direct Tax ·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

13. Direct Tax ·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)

14. Direct Tax ·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

15. Direct Tax ·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

16. Direct Tax ·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

17. Direct Tax ·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

18. Direct Tax ·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)

19. Direct Tax ·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

20. Direct Tax ·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)

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