All landmark rulings

21,624 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Hyderabad · 29 Dec 2016
ITAT - Income derived from the business of operation and maintenance of information Technology Park is not "Income from house property" but to be treated as “income from business” and expenditure and other claims to be allowed in accordance with the law
M/s. Mack Soft Tech Private Limited Versus Dy. Commissioner of Income Tax, Circle 16 (2) Hyderabad
(2016) TaxCorp(LJ) 11753 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=53720&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Pune · 29 Dec 2016
ITAT - where it is only income tax that is paid under the provisions of section 115JB of the Act, it is natural that tax credit under section 115JAA of the Act will only be of income tax and not of surcharge and education cess.
Harbinger Systems Pvt. Ltd. Versus The Dy. Commissioner of Income Tax, Circle -1 (2), Pune
(2016) TaxCorp(LJ) 11752 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=53721&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 29 Dec 2016
ITAT - Since there was no willful and deliberate concealment of the income by the assessee, therefore no penalty u/s 271(1)(c)
Smt. Nirmala S. Tilavalli, L/H. Late Shri. S.H. Tilavalli Versus Income Tax Officer, Ward 1 (3), Hubballi
(2016) TaxCorp(LJ) 11751 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=53724&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Chennai · 29 Dec 2016
ITAT - Payment was made by any person to his agent, who is required to make payment in cash for goods or services on behalf of such person, the provisions of Section 40A(3) is not applicable.
Shri P. Senthil Kumar Versus The Income Tax Officer
(2016) TaxCorp(LJ) 11750 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenDT.aspx?ID=53727&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Pune · 29 Dec 2016
ITAT - Where the Assessing Officer has failed to follow the guidelines issued for selecting the cases for scrutiny, assessment order passed by the Assessing Officer is bad in law.
M/s. S.F. Chougule Versus The Joint Commissioner of Income Tax And Vice-Versa
(2016) TaxCorp(LJ) 11749 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=53728&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Pune · 29 Dec 2016
ITAT - Penalty notice issued (u/s 271(1)(c)) in the present case suffers from infirmity i.e. lack of satisfaction and lack of notice being issued in making the assessee aware of exact charge against him, hence, the same is quashed.
V.T. Palresha and Co. Pvt. Ltd. Versus The Asst. Commissioner of Income Tax
(2016) TaxCorp(LJ) 11748 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=53730&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 27 Dec 2016
ITAT - No TDS u/s 194J on payments made by a bulk SMS provider to domestic telecom operator towards connectivity charges.
Gupshup Technology India Pvt Ltd. Vs. DCIT(TDS)
(2016) TaxCorp(LJ) 11747 (ITAT-MUMBAI) · Section. 194J
Direct Tax ·Gujarat High Court · 28 Dec 2016
HC - In case of estimation of income through GP rate, once bogus purchases were disallowed then gross profit ratio would automatically enhance.
Synbiotics Ltd. v. Union of India
(2016) TaxCorp(LJ) 11746 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=66393&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 28 Dec 2016
ITAT - No TDS u/s 195 on availing transponder facility as revenue cannot hold same payment in the nature of ‘royalty’ and at same time would be reckoned as ‘FTS’ also.
United Home Entertainment Pvt Ltd Versus ADIT (IT) -2 (2), Mumbai
(2016) TaxCorp(LJ) 11744 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=53687&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 28 Dec 2016
ITAT - Expenditure incurred on wire mesh fitted on the buses plied by assessee for the school children is of revenue in nature as there is no enduring benefit to the assessee.
M/s. Springbird Educations Pvt. Ltd. Versus ITO, Ward-4 (3) (4), Mumbai
(2016) TaxCorp(LJ) 11743 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=53688&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 28 Dec 2016
ITAT - No TDS u/s 194I on payment to CIDCO as lease premium because the payment is for acquisition of land rights and the same is to be reckoned as capital expenditure.
The Income Tax Officer (TDS) Versus M/s. BKS Galaxy Realtors Pvt. Ltd.
(2016) TaxCorp(LJ) 11742 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=53690&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 28 Dec 2016
ITAT - The statement of the partner cannot be the sole criteria for making an addition on account of unexplained marriage expenses.
M/s. Ashok and Co Versus ITO, Ward-24 (2), New Delhi
(2016) TaxCorp(LJ) 11741 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53701&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 27 Dec 2016
ITAT - Vacancy allowance allowed as per provision of section 23(1)(c) even when house is under renovation and vacancy of house was beyond control of assessee.
S.M. Chandrashekar v. Income-tax Officer, Ward 1 (4), Bangalore
(2016) TaxCorp(LJ) 11740 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=51493&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Hyderabad · 27 Dec 2016
ITAT - Exemption to charitable society cannot be denied just because it was charging fees for charitable activities.
Quality Circle Forum of India v. Deputy Director of Income-tax, Exemptions-III, Hyderabad
(2016) TaxCorp(LJ) 11739 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=53686&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 26 Dec 2016
ITAT - Depreciation available on goodwill claimed during assessment vide a revised computation of income without filing revised return of income.
DCIT. Vs. Zydus Wellness Ltd.
(2016) TaxCorp(LJ) 11738 (ITAT-AHMEDABAD)
Direct Tax ·ITAT Bangalore · 26 Dec 2016
ITAT - Indexation available on long-term capital gains for working MAT liability u/s 115JB.
Karnataka State Industrial Infrastructure Development Corporation Ltd. vs. DCIT
(2016) TaxCorp(LJ) 11737 (ITAT-BANGALORE) · Section. 115JB
Direct Tax ·Gujarat High Court · 27 Dec 2016
ITAT - Reopening of assessment not valid where notice to sent in the name of dead person as even if Section 159 is attracted, the notice was required to be issued against and in the name of the heirs of deceased assessee.
Rasid Lala Versus Income Tax Officer
(2016) TaxCorp(LJ) 11736 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=68038&Category=Judgment&CategoryType=Zip
Direct Tax ·Allahabad High Court · 27 Dec 2016
HC - The intimation under Section 143(1) is an 'order' for the purposes of Section 264.
Dr. Jyoti Vajpayee Versus Commissioner of Income Tax-II
(2016) TaxCorp(LJ) 11735 (HC-ALLAHABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=68043&Category=Judgment&CategoryType=Zip
Direct Tax ·P&H High Court · 27 Dec 2016
HC - Income from vacant house property would not be assessed under Section 23(1)(c) but under Section 23(1)(a).
Susham Singla Versus The Commissioner of Income Tax, Patiala
(2016) TaxCorp(LJ) 11733 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=68049&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Visakhapatnam · 23 Dec 2016
S. 2(47)/ 54EC/54F: U/s 108 of the Companies Act read with CBDT Circular No. 704 dated 28.04.1995, a mere agreement for transfer of shares does not cause effective transfer of shares unless it is accompanied with delivery of share certificate and duly signed and stamped share transfer form. An agreement to transfer share merely gives an enforceable right to the parties
Y.V. Ramana vs. CIT
(2016) TaxCorp(LJ) 11732 (ITAT-VISAKHAPATNAM) · Sections 2(47), 54EC, 54F, 108

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