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ITAT - There is no judicial impropriety in the CIT filing an appeal before the Tribunal against his own order as CIT(A) deciding the appeal in favour of the assessee
ITO vs. M/s. Paras Builders
(2015) TaxCorp(LJ) 6145 (ITAT-MUMBAI) · Section 253(2)
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ITAT - An appeal can be filed before the Tribunal against an order of the CIT(A) rejecting the stay application
Employees’ Provident Fund Organization vs. ACIT
(2015) TaxCorp(LJ) 6144 (ITAT-DELHI) · Section 253(1)(a)
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ITAT - Penalty u/s 221(1) cannot be levied for non-payment of S. A tax if the assessee has financial hardship
DCIT vs. Aanjaneya Life Care Ltd
(2015) TaxCorp(LJ) 6143 (ITAT-MUMBAI) · Section 221(1)
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HC - Reopening (even of s. 143(1) assessment) on the ground that a specific aspect requires verification is not permissible
Nivi Trading Limited vs. UOI
(2015) TaxCorp(LJ) 6142 (HC-BOMBAY) · Section 147
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ITAT - Costs which do not involve any functions to be performed so as to consider it for profitability purpose needs to be excluded while working out operating cost in TP study.
HSBC Electronic Data Processing India (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle-2 (2), Hyderabad
(2015) TaxCorp(LJ) 6141 (ITAT-HYDERABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=39912&Category=ITAT&CategoryType=Zip
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ITAT - Where some of comparables selected by TPO were inappropriate on account of functional difference with entity engaged in investment advisory to its AE, TP adjustments to be set aside.
Actis Advisers (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle 1 (1), New Delhi
(2015) TaxCorp(LJ) 6140 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7535&Category=INTLDecisions&CategoryType=Zip
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ITAT - Sale of software license to end user customers in India through distributors and their retailers would amount to royalty in the hands of Singapore based company.
Autodesk Asia Pte Ltd. v. Joint Director of Income-tax, (International Taxation), Range-I, Bangalore
(2015) TaxCorp(LJ) 6139 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenINTL.aspx?ID=7936&Category=INTLDecisions&CategoryType=Zip
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ITAT - Appellate authority has jurisdiction to entertain fresh claim and plea, therefore assessee’s claim of exempt Long Term Capital Gains, inadvertently offered as taxable STCG is allowed.
Preeti Paresh Bhagat vs ACIT
(2015) TaxCorp(LJ) 6138 (ITAT-MUMBAI)
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SC - SLP dismissed - HC had held assessee in default for not depositing TDS into Government account.
Kingfisher Airlines Limited vs. CIT & Anr & etc
(2015) TaxCorp(LJ) 6137 (SC)
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SC - SLP Dismissed - HC had held that expenditure incurred for upgrading existing product in the telecommunication industry is revenue in nature.
Cit vs Tejas Networks India ltd
(2015) TaxCorp(LJ) 6136 (SC)
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HC - Compensation/damages received for breach of oral agreement to transfer immovable property is not in the nature of relinquishment for 'specific performance' claim, therefore not liable for capital-gains tax
M/s. Sterling construction & Investments Vs. Assistant Commissioner of Income Tax
(2015) TaxCorp(LJ) 6135 (HC-BOMBAY)
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HC - Manufacture and sale of sweetmeats & farsan by charitable trust not being integral / incidental to main charitable activity, assessee liable to taxation as "business"
Commissioner of sales tax vs Paramhans Shri Ganeshji Pandit Memorial Trust
(2015) TaxCorp(LJ) 6134 (HC-BOMBAY)
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HC - ‘Provision for Lease Equalization account’ is not a reserve while computing book profits u/s 115JA. Addition as per Explanation (b) to Sec 115JA(2) not correct.
Cit vs ICICI Venture Funds Management Co. Ltd
(2015) TaxCorp(LJ) 6133 (HC-KARNATAKA)
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HC - Construction of ‘prayer hall’ or encouraging meditation yoga etc. would not be religious activities, section 80G deduction available.
CIT vs. Shree Public Charitable Trust
(2015) TaxCorp(LJ) 6132 (HC-KARNATAKA) · Section 80G
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HC - Exemption u/s 11 to an educational trust in respect of “Management Development Programme and consultancy charges” is available even though assessee did not maintain separate books of account for said programme.
DIT vs Vile Parle Kelavani Mandal
(2015) TaxCorp(LJ) 6131 (HC-BOMBAY) · Section. 11
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HC - Reassessment solely on basis of ground already raised in assessment is invalid without having any tangible material.
Commissioner of Income-tax-II v. Jet Speed Audio (P.) Ltd.
(2015) TaxCorp(LJ) 6123 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=60439&Category=Judgment&CategoryType=Zip
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HC - Slump sale was effected and factory was in operation, thereafter interest could not be capitalized.
Commissioner of Income-tax- IV v. Sandvik Chokshi Ltd.
(2015) TaxCorp(LJ) 6122 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=59146&Category=Judgment&CategoryType=Zip
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ITAT - When income having been offered to tax was not considered in scrutiny assessment by AO, there was apparent mistake in assessment order which could be rectified under section 154.
Deputy Director of Income-tax, Circle-2(2), New Delhi v. Sumitomo Corporation
(2015) TaxCorp(LJ) 6121 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7538&Category=INTLDecisions&CategoryType=Zip
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ITAT - Entities with high related party transactions and functional differences in comparable lists, therefore impugned addition by TPO deserved to be set aside
Shell India Markets (P.) Ltd. v. Assistant Commissioner of Income-tax, Large Taxpayer Unit, Mumbai
(2015) TaxCorp(LJ) 6120 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7721&Category=INTLDecisions&CategoryType=Zip
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HC - Order transferring jurisdiction of assessee without serving it a notice or affording an opportunity of hearing, deserved to be set aside.
Piyush Shelters India (P.) Ltd. v. Commissioner of Income-tax,Gurgaon
(2015) TaxCorp(LJ) 6119 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=60443&Category=Judgment&CategoryType=Zip
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