All landmark rulings

1. Direct Tax ·Bombay High Court · 05 Jun 2014
   S. 254: If a legal issue is raised (even for the first time) ITAT has the duty to deal with it and cannot remand it to lower authorities

   Kansai Nerolac Paints Ltd vs. DCIT

   (2014) TaxCorp(LJ) 3359 (HC-BOMBAY) · Section. 254

2. Direct Tax ·ITAT Cochin · 07 Mar 2014
   Due date’ U/s. 54F is due date for filing return U/s. 139(1) and not U/s. 139(4)

   ITO vs Smt. Rosamma Korah

   (2014) TaxCorp(LJ) 3358 (ITAT-COCHIN) · Section. 54F

3. Direct Tax ·Allahabad High Court · 27 May 2014
   Exemption U/s. 10(23-C) (iiiad) even when the assessee had not claimed any exemption under the Section in assessment proceedings

   Commissioner Of Income Tax Vs. Om Sarla Babu Educational Trust

   (2014) TaxCorp(LJ) 3357 (HC-ALLAHABAD) · Section. 10(23-C) (iiiad)

4. Direct Tax ·Allahabad High Court · 02 Jun 2014
   Assessee cannot be denied credit for TDS on the ground of Form 26AS mismatch because he is not at fault. Non-grant of TDS credit causes harassment, inconvenience & makes the assessee feel cheated. Dept to pay interest + costs of Rs. 25,000

   Rakesh Kumar Gupta vs. UOI

   (2014) TaxCorp(LJ) 3356 (HC-ALLAHABAD)

5. Direct Tax ·ITAT Mumbai · 11 Apr 2014
   Foreign company deemed to have PE in India, If few places in India were at disposal of its employees

   Renoir Consulting Ltd. Vs. DCIT -International Taxation

   (2014) TaxCorp(LJ) 3355 (ITAT-MUMBAI)

6. Direct Tax ·Delhi High Court · 23 May 2014
   Exemption u/s 10(23C) cannot be denied for generation of incidental surplus by educational institution

   Council For The Indian School, Certificate Examinations Vs. DGIT

   (2014) TaxCorp(LJ) 3354 (HC-DELHI) · Section 10(23C)

7. Direct Tax ·Gujarat High Court · 24 Mar 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. Corrtech Energy Pvt. Ltd

   (2014) TaxCorp(LJ) 3353 (HC-GUJARAT)

8. Direct Tax ·ITAT Jodhpur · 13 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) 3352 (ITAT-JODHPUR)

9. Direct Tax ·Gujarat High Court · 09 Apr 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) 3351 (HC-GUJARAT)

10. Direct Tax ·Allahabad High Court · 05 May 2014
    In the absence of any tax free income, disallowance under section 14A is not permissible.

    Commissoner Of Income Tax vs Shivam Motors (P) Ltd

    (2014) TaxCorp(LJ) 3350 (HC-ALLAHABAD)

11. Direct Tax ·Jharkhand High Court · 14 Feb 2014
    Assessee not entitled to file revised return, once the return u/s 158BC is filed. Second proviso to Section 158BC(ii) and penal provisions u/s 158BFA is mandatory

    Commissioner of Income Tax Vs Hitech Chemical (P) Ltd

    (2014) TaxCorp(LJ) 3349 (HC-JHARKHAND)

12. Direct Tax ·Kerala High Court · 20 Mar 2014
    Assessee cannot claim the benefit of written down value of cost of construction which he had incurred under the head 'current repairs'

    COASTAL RESORTS (INDIA) LTD vs ACIT

    (2014) TaxCorp(LJ) 3348 (HC-KERALA)

13. Direct Tax ·Delhi High Court · 23 May 2014
    Merely because a Subsequent judgment of the HC held the amendment to be arbitrary, to the extent of its retrospectivity, reassessment order cannot be affected. The reassessment order gave effect to the amendment. Assessee neither filed an appeal within 30 days nor moved writ proceedings against the retrospective amendment.

    CIT vs KULTAR EXPORTS

    (2014) TaxCorp(LJ) 3346 (HC-DELHI)

14. Direct Tax ·Delhi High Court · 21 Jan 2014
    Not keeping separate books together with frequent transactions means that gains from shares have to be assessed as business profits instead of as STCG

    CIT Vs. M/s. D&M Components Ltd.

    (2014) TaxCorp(LJ) 3345 (HC-DELHI)

15. Direct Tax ·ITAT Chandigarh · 20 May 2014
    ROI filed in india, taxpayer can claim loss incurred from house property located outside India.

    Sumit Aggarwal vs DCIT

    (2014) TaxCorp(LJ) 3344 (ITAT-CHANDIGARH)

16. Direct Tax ·ITAT Panaji · 27 Sep 2013
    S. 5A, 2(22)(e) – Spouse has no interest in the company

    ACIT vs Mr. Shelly Gonsalves & Mrs. Theresa Gonsalves

    (2014) TaxCorp(LJ) 3343 (ITAT-PANAJI)

17. Direct Tax ·ITAT Panaji · 25 Oct 2013
    S. 48 r.w.s 55 - AO cannot take the least Fair Market Value for computing the Capital Gains. No rule prescribed for the determination of the Fair Market Value.

    ACIT vs Shri Vallabh Vinayak Juwarkar

    (2014) TaxCorp(LJ) 3342 (ITAT-PANAJI)

18. Direct Tax ·ITAT Panaji · 06 Sep 2013
    Refund of allocation charges by Insurance agent to taxpayer not income.

    Sri Praveen V. Doddanavar vs JCIT

    (2014) TaxCorp(LJ) 3341 (ITAT-PANAJI)

19. Direct Tax ·ITAT Cochin · 09 May 2014
    Declarations filed in Form 15G/15H to CIT - Interest u/s. 201(1A) – S. 197A(1A) provision overrides the provisions of S. 194A if the modalities prescribed in section 197A(1A) are complied with.

    Ernakulam District Co-op Bank Ltd vs ITO (TDS)

    (2014) TaxCorp(LJ) 3340 (ITAT-COCHIN)

20. Direct Tax ·ITAT Indore · 30 Jan 2014
    No addition u/s 153A / 143 (3)

    ACIT vs Shri Girish Kumar Sharda

    (2014) TaxCorp(LJ) 3339 (ITAT-INDORE)

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