All landmark rulings

21,682 rulings

Desk: Both Direct Tax GST

Direct Tax ·Delhi High Court · 30 Jun 2015
HC - Amendment introduced section 254(2A) by virtue of Finance Act, 2008, with effect from 1-8-2008, which added words 'Even if delay in disposing of appeal is not attributable to assessee' has to be struck down being violative of article 14 of Constitution of India.
Pepsi Foods (P.) Ltd. v. Assistant Commissioner of Income-tax
(2015) TaxCorp(LJ) 6985 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=61159&Category=Judgment&CategoryType=Zip
Direct Tax ·Gujarat High Court · 30 Jun 2015
HC - ITAT has power to extend stay of demand beyond 365 days if delay in disposing appeal not attributable to assessee.
Deputy Commissioner of Income-tax - TDS Circle v. Vodafone Essar Gujarat Ltd.
(2015) TaxCorp(LJ) 6984 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=61364&Category=Judgment&CategoryType=Zip
Direct Tax ·Kerala High Court · 30 Jun 2015
HC - Belated payment of employee's contribution to PF (after due date of PF) even though paid before due date of filing return, cannot be allowed as deduction in view of provisions of Explanation to clause (va) of section 36(1) and section 43B.
Commissioner of Income-tax, Cochin v. South India Corporation Ltd.
(2015) TaxCorp(LJ) 6983 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=61363&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Chandigarh · 30 Jun 2015
ITAT - Where during search Cash deposit was surrendered and also reflected in WT return, same could not be held as unexplained.
Assistant Commissioner of Income-tax v. Joginder Paul
(2015) TaxCorp(LJ) 6982 (ITAT-CHANDIGARH) · http://taxcorp.in/FileOpenDT.aspx?ID=39998&Category=ITAT&CategoryType=Zip
Direct Tax ·Karnataka High Court · 30 Jun 2015
HC - Where assessee purchases a new asset, which is habitable but requires additions, alternations, modifications and improvements, cost of additions or improvements on habitable house will be eligible for sec. 54F relief.
Mrs. Rahana Siraj v. Commissioner of Income-tax-I, Bangalore
(2015) TaxCorp(LJ) 6981 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=61362&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 29 Jun 2015
ITAT - Set-off of business loss pertaining to AY 1997-98 against profits for AY 2004-05 allowed as there was no change in beneficial ownership u/s 79.
GE India Industrial Private Limited vs. DCIT
(2015) TaxCorp(LJ) 6980 (ITAT-AHMEDABAD) · Section. 79
Direct Tax ·ITAT Mumbai · 29 Jun 2015
ITAT - 'Property of any kind held' as per definition of 'capital asset' in section 2(14) means property legally held by assessee and not property illegally encroached by him. Profit arising on its sale is taxable as income from other source.
Income-tax Officer, 21(3)(1), Mumbai v. Bhagwan T. Fatnani
(2015) TaxCorp(LJ) 6979 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=41408&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 29 Jun 2015
ITAT - Where increased profit on account of transfer pricing adjustment was not brought into India by assessee in convertible foreign exchange; no deduction under section 10B on such profit.
Agilisys IT Services India (P.) Ltd. v. Income-tax Officer, Ward 9 (2) 3, Mumbai
(2015) TaxCorp(LJ) 6978 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8158&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 29 Jun 2015
ITAT - If there is no dress code and the employees are free to wear any dress then exemption u/s 10(14) shall be granted in respect of uniform allowance paid to employees.
Facets Polishing Works (P.) Ltd. v. Income-tax Officer, TDS -1, Surat
(2015) TaxCorp(LJ) 6977 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=41407&Category=ITAT&CategoryType=Zip
Direct Tax ·Karnataka High Court · 29 Jun 2015
HC - Even when assessee had not shown credit amount in their books as due to assessee, once assessee wrote off a claim in its books of account treating it as a bad debt under section 36(1)(vii), r/w 36(2), claim of bad debts was to be allowed in current year.
Amco Batteries Ltd. v. Assistant Commissioner of Income-tax, Circle 11(1), Bangalore
(2015) TaxCorp(LJ) 6976 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=61356&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 27 Jun 2015
HC - Royalty paid by assessee to its parent company was revenue expenditure and could not be treated as capital expenditure.
Commissioner of Income Tax-IV v. Denso India Ltd.
(2015) TaxCorp(LJ) 6975 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=59194&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Cochin · 27 Jun 2015
ITAT - Buildings for starting educational institutions were under construction, therefore assessee was not entitled for registration since no charitable activity was carried out during year.
Progressive Educational & Charitable Trust v. Commissioner of Income-tax
(2015) TaxCorp(LJ) 6974 (ITAT-COCHIN) · http://taxcorp.in/FileOpenDT.aspx?ID=39297&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 27 Jun 2015
ITAT - A Company providing Pharma support services cannot be compared with Government companies engaged in providing consultancy services in water, power and infrastructure development in view of functional difference.
Novartis Healthcare (P.) Ltd. v. Additional Commissioner of Income-tax, Range 7 (1), Mumbai
(2015) TaxCorp(LJ) 6973 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8123&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 27 Jun 2015
ITAT - Auditor's certificate cannot be substitute for TP Study to benchmark international transaction. The same will have to be benchmarked to an external comparable determining ALP.
Metro Tunneling Group v. Joint Commissioner of Income-tax-17 (3), Mumbai
(2015) TaxCorp(LJ) 6972 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8276&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·Bombay High Court · 27 Jun 2015
HC - Since income from letting out of property of educational institution was used for educational purposes only, same not taxable.
Director of Income-tax ( Exemptions), Mumbai v. Shri Vile Parle Kelavani Mandal
(2015) TaxCorp(LJ) 6971 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=61057&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Pune · 27 Jun 2015
ITAT - Merely because assessee had violated (condition of max built-up area) provisions of section 80-IB(10)(c) in respect of two units, deduction under section 80-IB(10) could not be denied in entirety.
Income-tax Officer, Ward-2, Ratnagiri v. Paras Builders
(2015) TaxCorp(LJ) 6970 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=41000&Category=ITAT&CategoryType=Zip
Direct Tax ·Calcutta High Court · 27 Jun 2015
HC - ITAT view that transaction in shares were investment and not business transaction was based on evidence, no interference called for.
Joint Commissioner of Income-tax v. Bajranglal Chowdhury
(2015) TaxCorp(LJ) 6969 (HC-CALCUTTA) · http://taxcorp.in/FileOpenDT.aspx?ID=60468&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Gauhati · 27 Jun 2015
ITAT - On failure of revenue to establish service of reassessment notice to assessee, reassessment to be quashed.
Smt. Chapala Kalita v. Income-tax Officer, Ward 3 (1), Dispur
(2015) TaxCorp(LJ) 6968 (ITAT-GAUHATI) · http://taxcorp.in/FileOpenDT.aspx?ID=41396&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Panaji · 26 Jun 2015
ITAT - Section 43B is applicable even when return is filed under presumptive tax provision of Sec 44AF.
Good Luck Kinetic vs. ITO
(2015) TaxCorp(LJ) 6967 (ITAT-PANAJI) · Sections. 43B, 44AF
Direct Tax ·ITAT Hyderabad · 26 Jun 2015
ITAT - Depreciation allowable once asset is ‘ready-to-use’ and ‘inauguration-date’ is not relevant.
DCIT. Vs. SPR Publications P. Ltd.
(2015) TaxCorp(LJ) 6966 (ITAT-HYDERABAD)

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