All landmark rulings

1. Direct Tax ·Supreme Court · 30 Jun 2014
   Disciplinary proceedings can’t continue after retirement: SC

   Dev Prakash Tewari vs. U.P. Cooperative Institutional Service Board, Lucknow & Ors.

   (2014) TaxCorp(LJ) 3440 (SC)

2. Direct Tax ·Allahabad High Court · 15 Jan 2014
   Penalty u/s 271(1)(c) cannot be levied for mere surrender of outstanding balance of creditors in revised return

   CIT Vs. Mathura Commercial Co.

   (2014) TaxCorp(LJ) 3439 (HC-ALLAHABAD) · Section. 271(1)(c)

3. Direct Tax ·Calcutta High Court · 13 Mar 2014
   Sec. 50C AO must refer the valuation to DVO despite no request by assessee

   Sunil Kumar Agarwal vs. CIT

   (2014) TaxCorp(LJ) 3438 (HC-CALCUTTA) · Section. 50C

4. Direct Tax ·ITAT Indore · 13 Jun 2014
   Disallowance U/s. 40A(2)(b) on account of Interest @ 18% – Held not excessive

   M/s. Shivam Cotton Corporation Vs. Addl. CIT

   (2014) TaxCorp(LJ) 3437 (ITAT-INDORE) · Section. 40A(2)(b)

5. Direct Tax ·ITAT Mumbai · 27 Jun 2014
   Journal entries should enjoy equal immunity on par with account payee cheques or bank drafts for the provisions of section 269SS

   Lodha Builders Pvt Ltd vs. ACIT

   (2014) TaxCorp(LJ) 3436 (ITAT-MUMBAI)

6. Direct Tax ·ITAT Mumbai · 11 Apr 2014
   Share application money cannot be treated as loan for mere delay in allotment

   Parle Biscuits (P.) Ltd. Vs. DCIT

   (2014) TaxCorp(LJ) 3435 (ITAT-MUMBAI)

7. Direct Tax ·ITAT Chennai · 11 Feb 2014
   Section 80P(4) not applies to assessee which is not a co-operative bank

   ITO. Vs. Veerakeralam Primary Agricultural Co-operative Credit Society

   (2014) TaxCorp(LJ) 3434 (ITAT-CHENNAI) · Section 80P(4)

8. Direct Tax ·ITAT Mumbai · 27 Jun 2014
   S. 254(2): Pendency of an appeal filed in the High Court u/s 260A bars the hearing of a MA filed u/s 254(2) even if the appeal is not admitted

   RW Promotions Pvt. Ltd vs. ACIT

   (2014) TaxCorp(LJ) 3433 (ITAT-MUMBAI) · Section 254(2)

9. Direct Tax ·ITAT Mumbai · 27 Jun 2014
   S. 50/ 112: Though gains on depreciable assets held for more than 3 years have to be treated as STCG u/s 50, the gains have to be taxed at the rate applicable to a LTCG

   Smita Conductors Ltd vs. DCIT

   (2014) TaxCorp(LJ) 3432 (ITAT-MUMBAI) · Section 50, 112

10. Direct Tax ·ITAT Agra · 24 Jun 2014
    S. 201/ 201(iA): The payer is not liable for TDS default if the Dept does not show that the tax could not be recovered from the recipient

    Allahabad Bank vs. ITO

    (2014) TaxCorp(LJ) 3431 (ITAT-AGRA) · Section 201, 201(iA)

11. Direct Tax ·P&H High Court · 11 Sep 2012
    Deemed Dividend – Shareholders of different holdings cannot be clubbed to apply Section 2(22)(e)

    CIT Vs. Octave Apparels

    (2014) TaxCorp(LJ) 3430 (HC-P&H) · Section 2(22)(e)

12. Direct Tax ·ITAT Hyderabad · 06 Jun 2014
    Relationship between a hospital and employee depend on terms of contract between them to determine 192 or 194J applicability

    M/s Ravindranath GE Medical Associates Pvt. Ltd. Vs. DCIT.

    (2014) TaxCorp(LJ) 3429 (ITAT-HYDERABAD)

13. Direct Tax ·Calcutta High Court · 23 Jun 2014
    S. 50C: If the stamp duty valuation is higher than the consideration received, the AO must refer the valuation to the DVO even if there is no request by the assessee

    Sunil Kumar Agarwal vs. CIT

    (2014) TaxCorp(LJ) 3428 (HC-CALCUTTA) · Section 50C

14. Direct Tax ·ITAT Delhi · 19 Jun 2014
    Circumstances leading to formation of PE and estimation of profit attributable therto under Rule 10 explained. Even foreign assessees are liable for interest u/s 234B

    Nortel Networks India International Inc vs. DDIT

    (2014) TaxCorp(LJ) 3427 (ITAT-DELHI)

15. Direct Tax ·Calcutta High Court · 18 Jun 2014
    S. 263: The CIT can revise an assessment only if he can show unmistakably that the order of the AO is unsustainable. Fact that the AO has passed a non-speaking order does not mean that he has not applied his mind

    CIT vs. J. L. Morrison (India) Ltd

    (2014) TaxCorp(LJ) 3426 (HC-CALCUTTA) · Section 263

16. Direct Tax ·ITAT Bangalore · 13 Jun 2014
    Whether TP addition can be made in Search cases ? ITAT quashed Assessment orders passed under section 153C r.w.s 92CA. Assessments not pending on the date of search - Addition has to be confined to search material - No incriminating material found during the search - TP additions cannot be made - Orders also not passed within time.

    Himalaya Drug Company vs DCIT

    (2014) TaxCorp(LJ) 3425 (ITAT-BANGALORE)

17. Direct Tax ·ITAT Bangalore · 13 Jun 2014
    Whether TP addition can be made in Search cases ? ITAT quashed Assessment orders passed under section 153C r.w.s 92CA. Assessments not pending on the date of search - Addition has to be confined to search material - No incriminating material found during the search - TP additions cannot be made - Orders also not passed within time.

    Himalaya Drug Company vs DCIT

    (2013) TaxCorp(LJ) 3424 (ITAT-BANGALORE)

18. Direct Tax ·ITAT Chennai · 05 May 2014
    Whether the expenditure on acquisition of computer software should be treated as revenue expenditure or capital expenditure.

    Scope International Pvt Ltd vs ACIT

    (2014) TaxCorp(LJ) 3423 (ITAT-CHENNAI)

19. Direct Tax ·ITAT Panaji · 05 May 2014
    Condonation of delay by 464 days - ITAT rejected adjournment seeks by assessee.

    Bengal Tiger Line India Private Ltd vs ITO (Intl. Taxation)

    (2014) TaxCorp(LJ) 3422 (ITAT-PANAJI)

20. Direct Tax ·ITAT Chennai · 05 May 2014
    Accounting treatment - The amount was wrongly invoiced and has been already been subjected to tax in AY 2005-06. The Appellant has no right to receive this income. Therefore, there is no requirement to add this amount back to the normal profits or book profits in A.Y 2006-2007.

    ACIT vs ST-CMS Electric Co.(P) Ltd

    (2014) TaxCorp(LJ) 3421 (ITAT-CHENNAI)

Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.