-
S. 43B/ 145A: Taxes collected by the assessee, which remain unpaid, have to be added to the income even if the same are not debited to the P&L A/c and claimed as a deduction
Munaf Ibrahim Memon vs. ITO
(2015) TaxCorp(LJ) 9550 (ITAT-PUNE) · Sections 43B, 145A
-
S. 11/ 12AA: Mere non-intimation of amendments to trust deed cannot ipso facto result in cancellation of registration if there is no change in tone and tenor of objects
ITO vs. Bhansali Trust
(2015) TaxCorp(LJ) 9549 (ITAT-MUMBAI) · Sections 11, 12AA
-
ITAT - Services, being managerial or consultancy in nature, cannot be taxed as FTS unless it involves transmit of technology. BRP not FTS under India-Netherlands DTAA, absent ‘make available’ of technology.
Shell Global Solutions International BV vs. ITO
(2015) TaxCorp(LJ) 9538 (ITAT-AHMEDABAD)
-
ITAT - Appellant-director’s appeal against CIT(A)’s order passed in case of a company, is not maintainable u/s 253.
Shri R.Subba Rao vs. ITO
(2015) TaxCorp(LJ) 9537 (ITAT-HYDERABAD)
-
ITAT - Sec 10AA deduction available to assessee registered as an STP unit.
ITO vs. Last Peak Data Pvt. Ltd
(2015) TaxCorp(LJ) 9536 (ITAT-KOLKATA) · Section 10AA
-
ITAT - Payment of ‘bank guarantee commission’ not liable to TDS u/s 194H.
ITO vs. Nimbus Communications Ltd
(2015) TaxCorp(LJ) 9535 (ITAT-MUMBAI) · Section 194H
-
ITAT -Section 36(1)(vii) deals with only actual claim of deduction and not doubtful debts.
Kanpur Electricity Supply Co. Ltd. v. Deputy Commissioner of Income-tax-VI, Kanpur*
(2015) TaxCorp(LJ) 9532 (ITAT-LUCKNOW) · http://taxcorp.in/FileOpenDT.aspx?ID=42909&Category=ITAT&CategoryType=Zip
-
HC - When record itself justified expenses claimed by assessee, there was no justification in rejecting books of account or vouchers merely on specious plea that one person signed for all persons.
Southern Sizing Mills v. Deputy Commissioner of Income-tax, Circle I, Erode*
(2015) TaxCorp(LJ) 9531 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=60715&Category=Judgment&CategoryType=Zip
-
ITAT - Conversion charge was paid in installment for using factory land for commercial/service activities, were revenue expenditure.
Deputy Director of Income-tax v. Micron Instruments (P.) Ltd.
(2015) TaxCorp(LJ) 9530 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=39877&Category=ITAT&CategoryType=Zip
-
ITAT - A company rendering engineering consultancy services could not be accepted as comparable for a company rendering marketing services.
Microsoft Corporation India (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle 6 (1), New Delhi
(2015) TaxCorp(LJ) 9529 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8287&Category=INTLDecisions&CategoryType=Zip
-
ITAT - TP adjustment made on the guarantee commission on the corporate guarantees provided by assessee to its AEs is to be upheld.
Mylan Laboratories Ltd. v. Assistant Commissioner of Income-tax, Circle-16 (2), Hyderabad
(2015) TaxCorp(LJ) 9528 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenINTL.aspx?ID=8473&Category=INTLDecisions&CategoryType=Zip
-
HC - In absence of details like business visa, name of person at whose invitation business trip was held, proof of any meetings abroad and details alike, expenditure on foreign trip of MD and his wife disallowed
Commissioner of Income-tax, Bangalore v. HMA Data Systems (P.) Ltd.
(2015) TaxCorp(LJ) 9527 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=61399&Category=Judgment&CategoryType=Zip
-
ITAT - Since delay in filing TDS returns occurred due to non-submission of PAN details by concerned deductees within stipulated time, no penalty u/s 272A(2)(k).
Assistant Commissioner of Income-tax (TDS), Circle 1 (1), Hyderabad v. Greater Hyderabad Municipal Corporation
(2015) TaxCorp(LJ) 9526 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=42487&Category=ITAT&CategoryType=Zip
-
ITAT - company engaged in animation services for 2D and 3D animation is not comparable to software development service company.
Hewlett- Packard (India) Globalsoft (P.) Ltd. v. Deputy Commissioner of Income-tax, Central Circle-11 (4), Bangalore
(2015) TaxCorp(LJ) 9525 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=43943&Category=ITAT&CategoryType=Zip
-
ITAT - Upfront premium received by assessee for leasing out land to companies for 30 years on BOT basis is taxable on receipt basis. Spreadover claim not justified.
New Mangalore Port Trust vs. ACIT
(2015) TaxCorp(LJ) 9524 (ITAT-BANGALORE)
-
ITAT - There was no intention on the part of assessee-deductor to furnish wrong PAN details. The system is erroneous to the extent if it restricts the deductor to revise its TDS return/statement within some corners. Assessee-deductor not in default u/s 201(1)/(1A).
Oil &Natural Gas Corporation Ltd vs DCIT
(2015) TaxCorp(LJ) 9523 (ITAT-AHMEDABAD) · Section 206AA
-
ITAT - Mere circumstances that a property is purchased in the hope that when sold later on it would leave a margin of profit, would not be sufficient to show, an intention to trade at the inception.
ACIT vs Mansi Finance Chennai Ltd
(2015) TaxCorp(LJ) 9522 (ITAT-CHENNAI)
-
S. 14A/ Rule 8D: The AO must give reasons before rejecting the assessee's claim. He must establish nexus between the expenditure & the exempt income. The disallowance cannot exceed the exempt income
DCM Ltd vs. DCIT
(2015) TaxCorp(LJ) 9521 (ITAT-DELHI) · Section 14A
-
S. 143(1)/ 147: If the assessment is reopened on the ground of “bogus purchases”, the reasons must contain an averment of which details on record reflect the bogus purchases
Varshaben Sanatbhai Patel vs. ITO
(2015) TaxCorp(LJ) 9520 (HC-GUJARAT) · Sections 143(1), 147
-
S. 143(1)/ 147: As a s. 143(1) intimation is not an assessment, there is no question of "change of opinion" by the AO
DCIT vs. Zuari Estate Development & Investment Co Ltd (Supreme Court)
(2015) TaxCorp(LJ) 9519 (SC) · Sections 143(1), 147
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.