All landmark rulings

1. Direct Tax ·Madras High Court · 25 Nov 2016
   HC - Once it is held that interest under Section 234C is mandatory and automatic, then the reason, or the cause for the delay and justification for deferment of payment of advance tax, is immaterial.

   M/s. MRF Ltd. Versus The Deputy Commissioner of Income-Tax, LTU

   (2016) TaxCorp(LJ) 11527 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=66775&Category=Judgment&CategoryType=Zip

2. Direct Tax ·Rajasthan High Court · 25 Nov 2016
   ITAT - In case of delay in rectification of return u/s 139(9), refund cannot be allowed.

   Shakti Bhog Foods Limited Versus Deputy Commissioner Of Income Tax & Anr.

   (2016) TaxCorp(LJ) 11526 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66410&Category=Judgment&CategoryType=Zip

3. Direct Tax ·Rajasthan High Court · 25 Nov 2016
   HC - Not correct to hold that the deduction u/s 32AB is allowable with reference to the profit of the business as a whole and not in respect of the profit of any particular unit.

   Harsiddh Specific Family Trust Versus A.C.I.T.

   (2016) TaxCorp(LJ) 11525 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66809&Category=Judgment&CategoryType=Zip

4. Direct Tax ·Rajasthan High Court · 25 Nov 2016
   HC - Since assessee has raised loans and paid interest and forwarded the same for non-business consideration, the interest cannot be allowed u/s 37.

   Nav Bharat Buildcon (P) Ltd. Versus D.C.I.T. (Inv. Circle), Commissioner of Income Tax, Ajmer

   (2016) TaxCorp(LJ) 11524 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66819&Category=Judgment&CategoryType=Zip

5. Direct Tax ·ITAT Ahmedabad · 25 Nov 2016
   ITAT - While the relief in the cases of economic double taxation due to application of arm’s length standards under article 9(1) is available under article 9(2), no such relief is available, under article 9(2), in respect of the juridical double taxation caused by the application of arm’s length standards.

   Shell Global Solutions International BV Versus Deputy Director of Income Tax (International Taxation) -1, Ahmedabad

   (2016) TaxCorp(LJ) 11523 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=52172&Category=ITAT&CategoryType=Zip

6. Direct Tax ·ITAT Mumbai · 25 Nov 2016
   ITAT - Income earned by the assessee-trust from providing right to use of a property owned by it cannot be construed to be an income from business activity. Exemption u/s 11 & 12 cannot be denied.

   The Pathare Prabhu Charities Versus ITO (Exemptions) -11 (1), Mumbai

   (2016) TaxCorp(LJ) 11522 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52206&Category=ITAT&CategoryType=Zip

7. Direct Tax ·ITAT Mumbai · 25 Nov 2016
   ITAT - Expenses incurred on up-gradation of software are revenue in nature.

   Directi Internet Solutions Pvt. Ltd. Versus ACIT-5 (1), Mumbai and DCIT-5 (1), Mumbai

   (2016) TaxCorp(LJ) 11521 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52207&Category=ITAT&CategoryType=Zip

8. Direct Tax ·Supreme Court · 24 Nov 2016
   SC - CIT(A) has powers to examine the validity of search operations carried out u/s 132.

   Eee Dee Aluminium Ltd. Vs. DDIT

   (2016) TaxCorp(LJ) 11520 (SC) · Section. 246A

9. Direct Tax ·Bombay High Court · 24 Nov 2016
   HC - Writ dismissed - Chief Commissioner’s had rejected u/s 119(2) assessee’s application for waiver of interest u/s 234A/B/C for non-payment of advance tax on capital gains.

   Humayun Suleman Merchant vs. CCIT

   (2016) TaxCorp(LJ) 11519 (HC-BOMBAY) · Section. 234A/B/C

10. Direct Tax ·Supreme Court · 24 Nov 2016
    SC - SLP Dismissed - HC had held that assessee has adequately discharged its onus u/s 68 with respect to identity, capacity and credit worthiness of lead manager of FCCB and not genuineness of actual subscribers.

    CIT. vs. Reliance Communication Ltd.

    (2016) TaxCorp(LJ) 11518 (SC)

11. Direct Tax ·ITAT Ahmedabad · 23 Nov 2016
    ITAT - Payment to brothers for getting the premises vacated is allowable as cost of improvement on sale of house property u/s 48.

    Nanubhai Keshavlal Chokshi HUF vs. ITO

    (2016) TaxCorp(LJ) 11517 (ITAT-AHMEDABAD)

12. Direct Tax ·ITAT Kolkata · 23 Nov 2016
    ITAT - TDS u/s 192 and not sec. 194C is applicable on payment of wages to the labourers.

    ITO Ward-2 (2), Hooghly Versus Ratna Mukherjee (L/h of Late Kamal Mukherjee)

    (2016) TaxCorp(LJ) 11516 (ITAT-KOLKATA) · http://taxcorp.in/FileOpenDT.aspx?ID=52153&Category=ITAT&CategoryType=Zip

13. Direct Tax ·ITAT Mumbai · 23 Nov 2016
    ITAT - Penalty u/s.271AAA not valid where cash amount surrendered during course of search for which due taxes were deposited with interest.

    Shri Narpat Mehta Versus ACIT – CC-23, Mumbai

    (2016) TaxCorp(LJ) 11515 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52156&Category=ITAT&CategoryType=Zip

14. Direct Tax ·Karnataka High Court · 23 Nov 2016
    HC - Where the sale of immovable property has not been made within three years as required under Rule 68B to Second Schedule to the Act, the effect would be the attachment order of the said property deemed to be vacated.

    SRI K. VENKATESH DUTT, S/O. K.S. DATTATREYA Versus THE TAX RECOVERY OFFICER, RANGE-7, BENGALURU

    (2016) TaxCorp(LJ) 11514 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=66791&Category=Judgment&CategoryType=Zip

15. Direct Tax ·Kerala High Court · 23 Nov 2016
    HC - Assessee did not have a case that the wife was earning her salary on account of her technical or professional knowledge or experience. Payment made by the assessee to his wife would not qualify for the benefit of proviso to Section 64 (1)(ii).

    S. GOPALAKRISHNAN, ARSHIK HERBAL REMEDIES (INDIA), Versus COMMISSIONER OF INCOME TAX, THIRUVANANTHAPURAM

    (2016) TaxCorp(LJ) 11513 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=66792&Category=Judgment&CategoryType=Zip

16. Direct Tax ·ITAT Bangalore · 22 Nov 2016
    ITAT - Right to use distribution network does not result in creation of any intangible asset since none of the parties had paid any amount to the distributors. Depreciation rightly disallowed invoking Explanation 3 to Sec 43(1).

    Sanyo BPL Pvt. Ltd. vs. DCIT

    (2016) TaxCorp(LJ) 11512 (ITAT-BANGALORE) · Section. 43

17. Direct Tax ·Rajasthan High Court · 22 Nov 2016
    HC - Had it been the intention of the assessee to make full and true disclosure of its income, it would have filed the return declaring an income inclusive of the amount which was surrendered later during the course of the assessment proceedings. Penalty u/s 271(1)(c) valid.

    Grass Field Farms and Resorts P. Ltd. Versus Deputy Commissioner of Income-Tax

    (2016) TaxCorp(LJ) 11511 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66753&Category=Judgment&CategoryType=Zip

18. Direct Tax ·Rajasthan High Court · 22 Nov 2016
    ITAT - The assessee cannot suffer for the inaction of the Revenue authorities and the Assessing Officer ought not to have disallowed the claim merely because the Commissioner has not granted approval of the Gratuity Scheme.

    Commissioner of Income-Tax Versus Jaipur Thar Gramin Bank

    (2016) TaxCorp(LJ) 11510 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66664&Category=Judgment&CategoryType=Zip

19. Direct Tax ·P&H High Court · 22 Nov 2016
    HC - Addition merely based on similar business's GP rate not justified.

    Commissioner of Income-Tax Versus Satish Bala Malhotra and others (No. 2)

    (2016) TaxCorp(LJ) 11509 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=66477&Category=Judgment&CategoryType=Zip

20. Direct Tax ·Kerala High Court · 21 Nov 2016
    HC - ‘Reasonable’ rent not the lower actual rent is relevant for computing annual value of the property let out u/s 23(1).

    CIT. vs. Dr. K. M. Mehaboob

    (2016) TaxCorp(LJ) 11508 (HC-KERALA)

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