All landmark rulings

21,722 rulings

Desk: Both Direct Tax GST

Direct Tax ·Calcutta High Court · 02 Jan 2015
HC - Since as per sub-section (1) of section 12 of Limitation Act, date of service has to be excluded, notice u/s 158BC requiring filing of return in 15 days of service of notice was valid
Rajendra Kumar Golecha v. Commissioner of Income-tax
(2014) TaxCorp(LJ) 4925 (HC-CALCUTTA) · http://taxcorp.in/FileOpenDT.aspx?ID=59025&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Delhi · 01 Jan 2015
The Transfer Pricing study and certification by the CA does not inspire any confidence. The level of professionalism is “pathetic”. No purpose is served by relying on such reports
Wrigley India Pvt Ltd vs. ACIT
(2014) TaxCorp(LJ) 4917 (ITAT-DELHI)
Direct Tax ·Gujarat High Court · 01 Jan 2015
HC - Expenditure on IT system maintenance in respect of restructuring of company was not having enduring benefit and as no asset was brought into existence; allowable as revenue expenditure
Commissioner of Income-tax-I v. Gujarat Urja Vikas Ltd.
(2015) TaxCorp(LJ) 4916 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=58230&Category=Judgment&CategoryType=Zip
Direct Tax ·MP High Court · 01 Jan 2015
HC - Interest earned on margin money with bank for getting performance guarantee could not fell in category of income from other sources; same was income from business
Bharat Oman Refineries Ltd. v. Income-tax Officer, Bhopal
(2015) TaxCorp(LJ) 4915 (HC-MP) · http://taxcorp.in/FileOpenDT.aspx?ID=58335&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Pune · 01 Jan 2015
ITAT - Assessee is eligible for deduction under section 80-IB(10) even in relation to additional income offered in a statement under section 132(4) during search and income declared in return in response to notice under section 153A(1)(a)
Naresh T. Wadhwani v. Deputy Commissioner of Income-tax, Central Circle 1 (2), Pune
(2014) TaxCorp(LJ) 4914 (ITAT-PUNE) · http://taxcorp.in/FileOpenDT.aspx?ID=38677&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Chennai · 01 Jan 2015
ITAT - No TDS on fees was paid to non-resident abroad for services utilized in business carried outside India
Deputy Commissioner of Income-tax, Co. Circle II (2), Chennai v. Hofincons Infotech & Industrial Services (P.) Ltd.
(2014) TaxCorp(LJ) 4913 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7783&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·AP High Court · 01 Jan 2015
HC - Once the Commissioner did not dispute the classification of the land, there was no way that he could have traced the income of the assessee to any other event other than the one of transfer of the agricultural land
Commissioner of Income-tax v. A. Vijay Kumar
(2015) TaxCorp(LJ) 4912 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=58425&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Chennai · 01 Jan 2015
ITAT - Commission paid to foreign agent on export sales, would not fall within definition of 'fee for technical services' and, therefore, assessee was not liable to deduct tax at source while making said payment
Assistant Commissioner of Income-tax, Co. Circle-III (2) v. Track Shoes (P.) Ltd.
(2014) TaxCorp(LJ) 4911 (ITAT-CHENNAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7603&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 01 Jan 2015
ITAT - Remuneration paid to full time secretary of trust, which was about 1 per cent of total value of activities of trust, could not be said to be excessive or unreasonable so as to warrant disallowance under section 13(1)(c)
PNR Society For Relief & Rehabilitation of Disabled Trust v. Deputy Director of Income-tax (Exemption)
(2014) TaxCorp(LJ) 4910 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=37761&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 01 Jan 2015
ITAT - In view of section 124(3)(a), assessee couldn't question AO's jurisdiction before ITAT after appearing before AO and CIT(A) without raising any objection
Deputy Commissioner of Income-tax v. Chemm Finance Ltd.
(2014) TaxCorp(LJ) 4909 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=38388&Category=ITAT&CategoryType=Zip
Direct Tax ·Gujarat High Court · 01 Jan 2015
HC - Assessee was under the bona fide belief that amount received by it from different donors could be treated as corpus donation, penalty deleted
Commissioner of Income-tax v. Oshwal Education Trust
(2015) TaxCorp(LJ) 4908 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=57815&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 01 Jan 2015
ITAT - Booking and cancellation of forward contract of foreign exchange were not in respect of specified export or import, transactions being speculative in nature benefit of proviso (a) of section 43(5) could not be allowed
Araska Diamond (P.) Ltd. v. Assistant Commissioner of Income-tax, 5 (1), Mumbai
(2014) TaxCorp(LJ) 4907 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=38404&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 31 Dec 2014
ITAT - Payments made by assessee to non-resident telecom operators towards interconnect usage charges and capacity transfer constitutes 'process royalty' u/s 9(l)(vi); TDS applicable.
M/s. Vodafone South Limited Vs Dy. Director of Income Tax (International Taxation)
(2014) TaxCorp(LJ) 4904 (ITAT-BANGALORE)
Direct Tax ·ITAT Bangalore · 30 Dec 2014
ITAT - Letter found during search u/s 132 laying out entire modus operandi involved in purchase / sale and lease back transactions constitutes sufficient evidence for carrying out enquiry u/s 158BB
Karnataka Financial Services vs ACIT
(2014) TaxCorp(LJ) 4903 (ITAT-BANGALORE)
Direct Tax ·ITAT Jabalpur · 31 Dec 2014
ITAT - Though construction, installation and assembly activities are de facto in the nature of technical services, the consideration thereof will not be assessable under Article 12 but will only be assessable under Article 7 if an “Installation PE” is created under Article 5. As Article 5 is a specific provision for installation etc, it has to prevail over Article 12
Birla Corporation Limited vs. ACIT
(2014) TaxCorp(LJ) 4902 (ITAT-JABALPUR)
Direct Tax ·ITAT Lucknow · 30 Dec 2014
ITAT - Reopening of the assessment is valid, as it has been done after forming a belief that assessee didn't prove genuineness of share transactions
Assistant Commissioner of Income-tax-1, Kanpur v. Pankaj Agarwal, HUF
(2014) TaxCorp(LJ) 4901 (ITAT-LUCKNOW) · http://taxcorp.in/FileOpenDT.aspx?ID=39179&Category=ITAT&CategoryType=Zip
Direct Tax ·Karnataka High Court · 30 Dec 2014
HC - Where assessee failed to produce evidence to prove that payment was made directly to individual workers, matter was to be remanded back to decide applicability of section 194C to assessee
Karnataka Rural Infrastructure Development Ltd. v. Income-tax Officer, TDS Ward
(2014) TaxCorp(LJ) 4900 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=59001&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 30 Dec 2014
ITAT - TDS in itself does not mean that whole amount mentioned in it should be taxed in a particular year. Deduction of tax and completion of assessment are two different things while finalizing tax liability of assessee
Deputy Commissioner of Income-tax, C-11 v. Rajeev G. Kalathil
(2014) TaxCorp(LJ) 4899 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=37809&Category=ITAT&CategoryType=Zip
Direct Tax ·Allahabad High Court · 30 Dec 2014
HC - Failure of AO to show that assessee was shifting excessive profits to eligible units, exemption u/s 80-IA is available
Commissioner of Income-tax, Meerut v. Translam Ltd.
(2014) TaxCorp(LJ) 4898 (HC-ALLAHABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=58403&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Jodhpur · 30 Dec 2014
ITAT - For any wrong claim or showing in wrong head, whether provisions of section 154 applicable?
Rikhab Chand Jain v. Income-tax Officer
(2014) TaxCorp(LJ) 4897 (ITAT-JODHPUR) · http://taxcorp.in/FileOpenDT.aspx?ID=39180&Category=ITAT&CategoryType=Zip

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