All landmark rulings

1. Direct Tax ·Bombay High Court · 22 Mar 2016
   HC - No TDS u/s 195 on fees paid by a non-resident bank to non-resident sub-arrangers as the same not taxable as FTS.

   Credit Lyonnais Vs. DIT

   (2016) TaxCorp(LJ) 10026 (HC-BOMBAY)

2. Direct Tax ·ITAT Mumbai · 21 Mar 2016
   ITAT - Even though India operations of a UK company were discontinued, yet set-off of business loss relatable to its India operations allowed against other income.

   ADIT. Vs. Lloyds Register U.K.

   (2016) TaxCorp(LJ) 10025 (ITAT-MUMBAI) · Section. 71

3. Direct Tax ·ITAT Ahmedabad · 21 Mar 2016
   ITAT (SB) - Transfer of carbon credits is a taxable receipt. Dissent from Hyderabad bench ruling in My Home Power case.

   Kalpataru Power Transmission Ltd. vs. DCIT

   (2016) TaxCorp(LJ) 10024 (ITAT-AHMEDABAD)

4. Direct Tax ·ITAT Mumbai · 18 Mar 2016
   ITAT - Amount received by a US company upon entering into contract with Indian company for setting up of power plant in India, not FIS under India-USA DTAA.

   Raytheon Ebasco Overseas Ltd. vs. DCIT

   (2016) TaxCorp(LJ) 10023 (ITAT-MUMBAI)

5. Direct Tax ·ITAT Delhi · 18 Mar 2016
   ITAT - Amount received by a Singaporean company from its AE was in the nature of discounting charges and not interest u/s 2(28A).

   Cargill Financial Services Asia Pte Ltd. Vs. Asstt. Director of Income-tax

   (2016) TaxCorp(LJ) 10022 (ITAT-DELHI)

6. Direct Tax ·ITAT Bangalore · 18 Mar 2016
   ITAT - For making Sec 54EC capital-gains investment, sale-deed execution date is relevant and not consideration-receipt date.

   Harikrishna R Vs. ITO

   (2016) TaxCorp(LJ) 10021 (ITAT-BANGALORE) · Section. 54EC

7. Direct Tax ·ITAT Delhi · 18 Mar 2016
   ITAT - Inter-connect Usage Charges by Bharti to Foreign Telecom Operators neither 'royalty' nor 'FTS' u/s 9(1)(vi)/(vii). Sec 195 TDS not applicable.

   Bharti Airtel Limited vs. ITO

   (2016) TaxCorp(LJ) 10020 (ITAT-DELHI) · Section. 9

8. Direct Tax ·Supreme Court · 18 Mar 2016
   SC - SLP Dismissed - HC was justified in quashing ITAT order which had held that no addition could be made in the block assessment proceedings in case of assessees for want of undisclosed income.

   Shibu Soren vs. CIT

   (2016) TaxCorp(LJ) 10019 (SC)

9. Direct Tax ·ITAT Mumbai · 17 Mar 2016
   ITAT - 100 % stay of demand granted to assessee (a Singaporean company) till disposal of appeal relying on 1969-CBDT instruction.

   Dimension Data Asia Pacific Pte. Ltd. V. DCIT

   (2016) TaxCorp(LJ) 10018 (ITAT-MUMBAI)

10. Direct Tax ·Karnataka High Court · 17 Mar 2016
    HC - Sec 40(a)(ia) disallowance justified for TDS default on rent, professional charges and contractual payments to transporters made by assessee. Reliance on Vector Shipping ruling by ITAT not correct.

    Ryatar Sahakari Sakkare Karkhane Niyamit vs. ACIT & Others

    (2016) TaxCorp(LJ) 10017 (HC-KARNATAKA) · Section. 40(a)(ia)

11. Direct Tax ·ITAT Hyderabad · 16 Mar 2016
    ITAT - No TDS u/s 195 for licence-fees paid by to foreign entities in USA and UK towards dataset as it does not amount to royalty under respective DTAAs.

    GVK Oil & Gas Limited Vs. ADIT

    (2016) TaxCorp(LJ) 10016 (ITAT-HYDERABAD)

12. Direct Tax ·ITAT Delhi · 16 Mar 2016
    ITAT - Software sale by an India branch of a UK company to Indian customers is business receipts and not royalty under Article 13 of India-UK DTAA.

    Datamine International Ltd. vs. ADIT

    (2016) TaxCorp(LJ) 10015 (ITAT-DELHI) · Section. 9

13. Direct Tax ·ITAT Hyderabad · 15 Mar 2016
    ITAT - Where a method has been prescribed by the legislature, that method alone shall be followed for computation of FMV u/s Sec 56(2)(viia).

    Medplus Health Services P. Ltd. V ITO

    (2016) TaxCorp(LJ) 10014 (ITAT-HYDERABAD) · Section 56(2)(viia)

14. Direct Tax ·ITAT Delhi · 15 Mar 2016
    ITAT - Contract revenue to a Norwegian company on account of crew provision services on leased vessel is taxable in India.

    Siem Offshore Crewing AS Vs ADIT

    (2016) TaxCorp(LJ) 10013 (ITAT-DELHI) · Section 44BB

15. Direct Tax ·ITAT Mumbai · 15 Mar 2016
    ITAT - Compensation to tenants towards alternative accommodation not in the nature of 'rent'. No TDS u/s 194I.

    Sahana Dwellers Pvt. Ltd. vs. ITO

    (2016) TaxCorp(LJ) 10012 (ITAT-MUMBAI) · Section 194I

16. Direct Tax ·ITAT Mumbai · 14 Mar 2016
    S. 9(1)(vii)/ Article 12: “Startup services”, though technical in nature, are not assessable as “fees for technical services” u/s 9(1)(vii) if they do not involve any “construction, assembly mining or like projects”. The services are also not taxable under Article 12 as they do not “make available” technical knowledge

    Raytheon Ebasco Overseas Ltd vs. DCIT

    (2016) TaxCorp(LJ) 10011 (ITAT-MUMBAI) · Section 9(1)(vii)

17. Direct Tax ·ITAT Delhi · 14 Mar 2016
    S. 9/ 44BB: Income received by a non-resident under a time charter agreement accrues and arises in india even when the vessel and crew are outside the territorial waters of India. Such income is assessable on a presumptive basis u/s 44BB

    Siem Offshore Crewing AS vs. ADIT

    (2016) TaxCorp(LJ) 10010 (ITAT-DELHI) · Sections 9, 44BB

18. Direct Tax ·ITAT Mumbai · 14 Mar 2016
    ITAT - Revenue failed to establish that effective management and control of affairs of assessee was in India as such Indian parent not constituting PE for NR.

    Forbes Container Line Pte. Ltd. vs. ADIT

    (2016) TaxCorp(LJ) 10009 (ITAT-MUMBAI)

19. Direct Tax ·ITAT Mumbai · 14 Mar 2016
    ITAT - Payment received by an Israel resident for embedded software does not amount to royalty under Indo-Israel DTAA.

    Galatea Limited Vs. DCIT

    (2016) TaxCorp(LJ) 10008 (ITAT-MUMBAI)

20. Direct Tax ·ITAT Ahmedabad · 14 Mar 2016
    ITAT - Depreciation available on ‘unregistered’ trademark as the same not contingent on registration.

    Trio Elevators Company (India) Ltd. Vs. ACIT

    (2016) TaxCorp(LJ) 10007 (ITAT-AHMEDABAD) · Section. 32

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