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HC - Where AO had already raised the said issue of amortization of royalty paid to the Wireless Planning Commission of Government of India while framing the assessment under Section 143(3), notice of reopening fails with all consequential reliefs
Vodafone West Limited Formerly known As Vodafone Essar Versus Assistant Commissioner Of Income Tax
(2015) TaxCorp(LJ) 6474 (HC-GUJARAT) · http://www.taxcorp.in/FileOpenDT.aspx?ID=56023&Category=Judgment&CategoryType=Zip
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HC - The assessee never offered and/or claimed deduction as expenditure. Therefore, it is rightly observed by the learned Tribunal that there was no question of making any addition under Section 69/69(C)
Commissioner of Income Tax-I, Surat Versus Nagindas T. Kapadia (Prop: Shiv Krupa Jari)
(2015) TaxCorp(LJ) 6473 (HC-GUJARAT) · http://www.taxcorp.in/FileOpenDT.aspx?ID=61061&Category=Judgment&CategoryType=Zip
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HC - The moment the decision / approval of the Development Commissioner is ratified by the Board of Approval it will relate back to the date on which the approval was granted by the Development Commissioner. If that be so, it cannot be said that the assessee was not a EOU, which was entitled to the deduction under Section 10B
PRINCIPAL COMMISSIONER OF INCOME TAX, GANDHINAGAR Versus ECI TECHNOLOGIES PVT. LTD
(2015) TaxCorp(LJ) 6471 (HC-GUJARAT) · http://www.taxcorp.in/FileOpenDT.aspx?ID=61067&Category=Judgment&CategoryType=Zip
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HC - As Provision for doubtful debts represented advances towards sister concern and not trade debts, therefore not covered by clause (c) of the explanation to Section 115JA(2).
The Commissioner of Income Tax Versus M/s. Salgaonkar Mining Industries Pvt Ltd
(2015) TaxCorp(LJ) 6470 (HC-BOMBAY) · http://www.taxcorp.in/FileOpenDT.aspx?ID=61045&Category=Judgment&CategoryType=Zip
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HC - The amounts paid by the agents to utilise the amount arose out of the shipping business cannot be brought to tax as sought to be done as there is no profit element in the pro rata costs paid by the agents of the assessee to the assessee .
Director of Income Tax (IT) -I Versus AP. Moller Maersk A/S. C/o. Maersk Line India Pvt. Ltd.
(2015) TaxCorp(LJ) 6469 (HC-BOMBAY) · http://www.taxcorp.in/FileOpenDT.aspx?ID=61069&Category=Judgment&CategoryType=Zip
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HC - Assessee is not entitled to any interest for delayed payment of interest under section 244A on principal refund amount. Assessee is entitled to receive interest only to extent of amount specified in section 244A(1).
Commissioner of Income-tax v. Indian Farmer Fertilizer Co-Operative
(2015) TaxCorp(LJ) 6468 (HC-DELHI) · http://www.taxcorp.in/FileOpenDT.aspx?ID=60584&Category=Judgment&CategoryType=Zip
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SC - Value of let out portion of building (to subsidiary Co. for carrying out job work for assessee) was included in net wealth of assessee-company. Lifting of corporate veil was justified in this case.
Kapri International (P.) Ltd. v. Commissioner of Wealth Tax, New Delhi
(2015) TaxCorp(LJ) 6467 (SC) · http://www.taxcorp.in/FileOpenDT.aspx?ID=60614&Category=Judgment&CategoryType=Zip
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ITAT - A company engaged in software licence and related services cannot be compared to software development service provider.
Deputy Commissioner of Income-tax, Circle-12 (4), Bangalore v. Textron Global Technology Centre (P.) Ltd.
(2015) TaxCorp(LJ) 6466 (ITAT-BANGALORE) · http://www.taxcorp.in/FileOpenDT.aspx?ID=40525&Category=ITAT&CategoryType=Zip
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ITAT - Under section 32, assessee can claim Depreciation on ‘goodwill’
M/s. PPG Asian Paints Pvt. Ltd. Vs. ACIT
(2015) TaxCorp(LJ) 6465 (ITAT-MUMBAI) · Section 32
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HC - TDS is applicable u/s 194C on payment by cable operator to get licence of TV channels.
Kurukshetra Darpans (P) Ltd. Vs. Commissioner Of Income Tax
(2015) TaxCorp(LJ) 6464 (HC-P&H) · Section. 194C
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HC - Reimbursement from agents received by Maersk (a Danish shipping co.) from its Indian agents for Maersk Net Communication system is not FTS but shipping profits, not taxable in India
DIT. Vs. A.P. Moller Maersk
(2015) TaxCorp(LJ) 6463 (HC-BOMBAY)
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HC - Advertisement-revenue earned by assessee (a Mauritian based company) through its Indian agents (including one of its Indian Group entity) is not taxable in India
DIT. Vs. B4U International Holdings Limited
(2015) TaxCorp(LJ) 6462 (HC-BOMBAY)
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ITAT - Inter-unit charges by assessee having two eligible EOUs will not form part of "Total Turnover" for the purpose of computing deduction u/s.10B.
K. Mohan & Company (Exports) Pvt. Ltd. vs. ACIT
(2015) TaxCorp(LJ) 6461 (ITAT-BANGALORE) · Section. 10B
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ITAT - Disallowance of unutilized MODVAT/CENVAT Credit - The purchases which have been debited in the P & L account alongwith MODVAT account and appearing in the closing stock are also with MODVAT account. Thus, no adjustment u/s. 145 was required to be made.
Income-Tax Officer Versus M/s Murli Fabrics
(2015) TaxCorp(LJ) 6460 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=40381&Category=ITAT&CategoryType=Zip
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ITAT - Before rejecting the books of account AO should not only give adequate opportunity to assessee to explain the entries made therein, but also point out any specific defect or deficiency in the books of account.
M/s BP Ferrium Industries Pvt Ltd (Formerly Known AS M/s Godavari Exports And Imports Pvt Ltd) Versus Asstt Commissioner Of Income-Tax & Others
(2015) TaxCorp(LJ) 6459 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=40505&Category=ITAT&CategoryType=Zip
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ITAT - Since the department itself has accepted assessee’s claim for writing off of preliminary expenses in the immediately preceding assessment year, disallowance of similar claim in subsequent year will not make it a fit case for levy of concealment penalty
Lexicon Finance Ltd Versus Joint Commissioner Of Income Tax
(2015) TaxCorp(LJ) 6458 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=40379&Category=ITAT&CategoryType=Zip
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ITAT - Income earned by the assessee from rendering legal consultancy is carried out by the assessee is a purely commercial activity, howsoever altruistic be the motive, and it cannot be treated as an educational or charitable activity.
Kali Center For Legal Reforms And Research Centre Versus Income-Tax Officer
(2015) TaxCorp(LJ) 6456 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40383&Category=ITAT&CategoryType=Zip
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HC - Section 144 does not at all apply to the present proceedings because the present proceedings originate from an assessment under Section 143(3) of the Act.
M/s. Shivnandan Buildcon Pvt. Ltd., M/s. Omshiv Buildtech Pvt. Ltd. Versus The Commissioner of Income Tax & Another
(2015) TaxCorp(LJ) 6455 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=61054&Category=Judgment&CategoryType=Zip
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ITAT - Additional evidence by assessee to prove that its liaison office in India was not its PE was required to be admitted .
Sagem Defence Securite Sa India Liaison Office, BMR & Associates v. Deputy Director of Income-tax (International Taxation), Circle-2(2), New Delhi
(2015) TaxCorp(LJ) 6454 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=3724&Category=INTLDecisions&CategoryType=Zip
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ITAT - It is required from CIT(A) to discuss appropriate method and comparable instances to determine ALP in order decide TP issue.
Assistant Commissioner of Income-tax, Vapi Circle, Vapi v. Universal Comfort Products (P.) Ltd.
(2015) TaxCorp(LJ) 6453 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=40229&Category=ITAT&CategoryType=Zip
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