All landmark rulings

21,682 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Kolkata · 16 Jun 2015
ITAT - In the case of short deduction no disallowance can be made by invoking the provisions of section 40(a)(ia) of the Act.
M/s. Mission vs. Income-tax Officer
(2015) TaxCorp(LJ) 7073 (ITAT-KOLKATA) · Section. 40(a)
Direct Tax ·ITAT Hyderabad · 03 Jul 2015
ITAT - Having religious objects by way of propagating spirituality (i.e. preaching teachings of Vedas and Upanishads, Quran and Bible and other scriptures) in addition to charitable objects does not violate the provision of section 11(1)(a). Entitled to Sec 12A registration.
Shiva Shakthi Shiridi Sai Anugraha Mahapeetam vs. DDIT
(2015) TaxCorp(LJ) 7072 (ITAT-HYDERABAD) · Section. 12A
Direct Tax ·ITAT Bangalore · 03 Jul 2015
ITAT - SCN u/s 251 is required even where CIT(A) merely changed the heads of income, but which resulted in enhancement of assessee’s income.
Abhilash Software & Development Centre vs. ITO
(2015) TaxCorp(LJ) 7071 (ITAT-BANGALORE) · Section. 251
Direct Tax ·ITAT Panaji · 03 Jul 2015
ITAT - Payment of demurrage by assessee (exporting iron-ore) to foreign buyer is not subject to TDS u/s 195.
ITO. vs. Karishma Goa Mineral Trading Pvt. Ltd.
(2015) TaxCorp(LJ) 7070 (ITAT-PANAJI) · Section. 195
Direct Tax ·ITAT Pune · 03 Jul 2015
ITAT - Stay granted to Vodafone for non - deduction of TDS u/s 194H in respect of over 27 crores demand.
Vodafone Cellular Ltd. vs. ADIT
(2015) TaxCorp(LJ) 7069 (ITAT-PUNE) · Section. 194H
Direct Tax ·ITAT Mumbai · 03 Jul 2015
ITAT - Investment by assessee-builder in a joint-venture-AOP is not within the scope of Sec 14A disallowance while calculating average value of investment.
Ashish Estate & properties vs. DCIT
(2015) TaxCorp(LJ) 7068 (ITAT-MUMBAI) · Section. 14A
Direct Tax ·ITAT Mumbai · 03 Jul 2015
ITAT - Reassessment based on revised Tax Audit Report, not available at the time of original assessment is valid.
ACC Limited vs. ACIT
(2015) TaxCorp(LJ) 7067 (ITAT-MUMBAI)
Direct Tax ·ITAT Pune · 03 Jul 2015
ITAT - Compounding fees for violating construction norms levied by municipal authorities is not allowable in view of explanation to Sec 37(1).
Modi Builders vs. JCIT
(2015) TaxCorp(LJ) 7066 (ITAT-PUNE) · Section, 37(1)
Direct Tax ·ITAT Mumbai · 17 Jun 2015
ITAT - Interest free loan given by the assessee society to another society with identical object cannot be treated as “investment” or “deposit” in which event there is no violation of section 13(1)(d) row’s. 11(5).
St Joseph’s Technical school Vs. Asst. DIT(E)
(2015) TaxCorp(LJ) 7065 (ITAT-MUMBAI) · Section. 11
Direct Tax ·ITAT Delhi · 20 Jun 2015
ITAT - Initiation of penalty u/s 272A(2)(k) for not filing of e-TDS return starts from the date of issuance of notice by competent authority
Modipon Ltd. vs. Addl. CIT (TDS)
(2015) TaxCorp(LJ) 7064 (ITAT-DELHI) · Section 272A(2)(k)
Direct Tax ·ITAT Mumbai · 10 Jun 2015
ITAT - Disallowance cannot be made by AO under Section 14A read with Rule 8D(2)(iii) without recording any satisfaction to the effect that the disallowance u/s 14A as computed by assessee was incorrect.
Stock Holding Corporation of India Ltd.
(2015) TaxCorp(LJ) 7063 (ITAT-MUMBAI) · Section 14A
Direct Tax ·Delhi High Court · 11 Feb 2015
HC - A company ceases to exist after amalgamation. Thus, assessment upon a dissolved company is impermissible as there is no provision in Income Tax Act to make an assessment thereupon. Also cannot be cured by provision of section 292B.
CIT. Vs. Micron Steel Pvt. Ltd., M/s Steels Pvt. Ltd.
(2015) TaxCorp(LJ) 7062 (HC-DELHI) · Section 292B
Direct Tax ·ITAT Lucknow · 16 Jun 2015
ITAT - Applicability of Disallowance U/s 14A r/w Rule 8D - Since claim is made that interest expenditure is incurred for taxable business, but no evidence is brought on record to establish this contention and in the absence of evidence, it cannot be accepted.
M/s U. P. Power Corporation Ltd. vs. DCIT
(2015) TaxCorp(LJ) 7061 (ITAT-LUCKNOW) · Section. 14A
Direct Tax ·ITAT Delhi · 16 Jun 2015
ITAT - The estimate of the AO in assessing the income for the year under consideration was without any basis particularly when he himself assessed the income of the assessee at nil for the preceding assessment years.
DCIT, New Delhi vs. Style Syntex Pvt. Ltd.
(2015) TaxCorp(LJ) 7060 (ITAT-DELHI)
Direct Tax ·ITAT Panaji · 12 Jun 2015
ITAT - Sale proceeds of flags on Women’s Day have been utilized for specific purpose of maintenance of school building and other infrastructure, thereby fulfilling the requirement of sec. 11(1 )(d) and are capital receipts.
Kittur Rani Channamma vs. ACIT
(2015) TaxCorp(LJ) 7059 (ITAT-PANAJI)
Direct Tax ·ITAT Delhi · 12 Jun 2015
ITAT - Suo motu disallowance made by the assessee, is in excess to the disallowance with the working under 14A r.w. rule 8D, therefore disallowance U/s. 14A cannot be made.
Teletec Finsec India P. Ltd. vs. ITO
(2015) TaxCorp(LJ) 7058 (ITAT-DELHI) · Section. 14A
Direct Tax ·ITAT Hyderabad · 12 Jun 2015
ITAT - For determining point of deducting TDS, date of credit in books is relevant date.
Spectrum Power Generation Ltd. vs. ACIT (TDS)
(2015) TaxCorp(LJ) 7057 (ITAT-HYDERABAD)
Direct Tax ·ITAT Delhi · 15 Jun 2015
ITAT - CIT (A) has not given sufficient opportunity to the assessee and proceeded exparte qua assessee, which is contrary to the principles of natural justice.
Etisha Finance Investment P. Ltd. vs. ACIT
(2015) TaxCorp(LJ) 7056 (ITAT-DELHI)
Direct Tax ·ITAT Delhi · 15 Jun 2015
Appeal filed ignoring monetary limits prescribed U/s. 268A could not be entertained
Income Tax Officer vs. M/s Delcia Food (India) Private Ltd.
(2015) TaxCorp(LJ) 7055 (ITAT-DELHI) · Section. 268A
Direct Tax ·ITAT Hyderabad · 12 Jun 2015
Section 68- Trade credits cannot be taxed as unexplained cash credit
Bhagyanagar Oil Industries vs. ITO
(2015) TaxCorp(LJ) 7054 (ITAT-HYDERABAD) · Section 68

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