All landmark rulings

21,722 rulings

Desk: Both Direct Tax GST

Direct Tax ·Supreme Court · 15 Dec 2014
SC - SLP Dismissed - No concealment penalty on voluntarily-surrendered income
CIT vs. Vinay Sharma
(2014) TaxCorp(LJ) 4793 (SC)
Direct Tax ·Bombay High Court · 17 Dec 2014
S. 45/ 48: Gains on sale of TDR received as additional FSI as per the D. C. Regulations has no cost of acquisition and is not chargeable to capital gains
CIT vs. Sambhaji Nagar Coop. Hsg. Society Ltd
(2014) TaxCorp(LJ) 4792 (HC-BOMBAY) · Section 45, 48
Direct Tax ·Bombay High Court · 17 Dec 2014
Article 19(1)(g): Levy of service-tax on Advocates is constitutional
P. C. Joshi vs. UOI
(2014) TaxCorp(LJ) 4791 (HC-BOMBAY)
Direct Tax ·Madras High Court · 12 Dec 2014
HC - Allottee gets the title to the property on issuance of allotment letter and the payment in instalments is only a consequential act upon which delivery of possession to the property flows. Thus, development.agreement date is relevant for capital gains
CIT vs S.RJeyashankar
(2014) TaxCorp(LJ) 4790 (HC-MADRAS)
Direct Tax ·Gujarat High Court · 12 Dec 2014
HC - No TDS u/s 194C on exhibition of film in the theatre
CIT vs. City Gold Entertainment Pvt. Ltd.
(2014) TaxCorp(LJ) 4789 (HC-GUJARAT)
Direct Tax ·Karnataka High Court · 11 Dec 2014
HC - Since interest income earned by assessee (co-operative society engaged in providing credit facilities to its members) from short term deposits with banks is 'attributable' to carrying on credit business, deduction u/s 80P(2) is available
Tumkur Merchants Souharda Credit Cooperative Limited vs ITO
(2014) TaxCorp(LJ) 4788 (HC-KARNATAKA)
Direct Tax ·Gujarat High Court · 11 Dec 2014
HC - A single transaction may constitute a speculative business so as to be treated differently from other business under section 28
Kanubhai A.Patel vs. ACIT
(2014) TaxCorp(LJ) 4787 (HC-GUJARAT)
Direct Tax ·ITAT Mumbai · 12 Dec 2014
ITAT - The so called "job work" or "receipt of labour charges" can only be categorized as colourable device to create an impression that the assessee has continued to carry on the business
DCIT vs Sameera Electronics Pvt Ltd.
(2014) TaxCorp(LJ) 4786 (ITAT-MUMBAI)
Direct Tax ·Supreme Court · 11 Dec 2014
SC - SLP Dismissed
Shahrooq Ali Khan vs CIT & Anr.
(2014) TaxCorp(LJ) 4785 (SC)
Direct Tax ·ITAT Chennai · 12 Dec 2014
ITAT - Assessee's objective of establishing milk societies cannot be said to be a commercial purpose as underlying object was "upliftment of poor/ rural woman".
Thamizh Thai Seva Trust vs. DIT (Exemptions)
(2014) TaxCorp(LJ) 4784 (ITAT-CHENNAI)
Direct Tax ·ITAT Mumbai · 12 Dec 2014
ITAT - Shah Rukh Khan's loan to wife not to evade tax
Shah Rukh Khan vs. ACWT
(2014) TaxCorp(LJ) 4783 (ITAT-MUMBAI)
Direct Tax ·ITAT Bangalore · 13 Dec 2014
ITAT - Since compared company had different segments of activity, segmental margins, insofar as it related to providing software services by compared company alone, the same cannot be taken for purpose of comparison
Actiance India (P.) Ltd. v. Income-tax Officer, Ward 11 (2), Bangalore
(2014) TaxCorp(LJ) 4782 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenINTL.aspx?ID=7530&Category=INTLDecisions&CategoryType=Zip
Direct Tax ·ITAT Jodhpur · 13 Dec 2014
Penalty under section 271(1)(c) could not be levied on account of addition made on estimate basis
Mahaveer Jain v. Deputy Commissioner of Income-tax
(2014) TaxCorp(LJ) 4781 (ITAT-JODHPUR) · http://taxcorp.in/FileOpenDT.aspx?ID=38987&Category=ITAT&CategoryType=Zip
Direct Tax ·Delhi High Court · 13 Dec 2014
HC - As a jeweller, it was normal and customary to pay 'making charges', in cash therefore no ad-hoc disallowance called for also when assessee had proved genuineness of making charges paid in cash to workers
Commissioner of Income-tax-XI v. Rama Krishna Jewellers
(2014) TaxCorp(LJ) 4780 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=58266&Category=Judgment&CategoryType=Zip
Direct Tax ·Madras High Court · 13 Dec 2014
Fee from leasing of hotel wasn't income from house property if lessee was doing hotel business in name of assessee
Tamil Nadu Tourism Development Corpn. Ltd. v. Deputy Commissioner of Income-tax, Co. Circle-II (1), Chennai
(2014) TaxCorp(LJ) 4779 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=58084&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 12 Dec 2014
ITAT - Since AO didn't follow directions of DRP on re-allocation of segmental cost made by assessee, matter should be reconsidered afresh
Digital Juice Animations (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle-11 (1), Bangalore
(2014) TaxCorp(LJ) 4772 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=38965&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Jaipur · 12 Dec 2014
ITAT - Assessee, a Government authority set-up for providing housing and other infra facilities is charitable in nature, same would not be hit by proviso to section 2(15); entitled to registration
Jaipur Development Authority v. Commissioner of Income-tax -II, Jaipur
(2014) TaxCorp(LJ) 4771 (ITAT-JAIPUR) · http://taxcorp.in/FileOpenDT.aspx?ID=38259&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 12 Dec 2014
ITAT - Trial run expenses incurred prior to setting up of plant and machinery and laid out for bringing a new asset into existence expenditure is capital in nature
Essar Steel Ltd. v. ADCIT, 5(1), Mumbai
(2014) TaxCorp(LJ) 4766 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=38129&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 11 Dec 2014
ITAT - The moment the owners have handed over the possession to the developer a right to receive the developed area would accrue to the owners. Capital gains tax would accrue upon execution of joint development agreement ('JDA')
ITO vs. N.S. Nagaraj
(2014) TaxCorp(LJ) 4762 (ITAT-BANGALORE)
Direct Tax ·Delhi High Court · 10 Dec 2014
HC - Inaccuracy or wrong furnishing of income would be covered by the expression "Inaccurate particulars", concealment penalty justified.
CIT vs NG Technologies Ltd.
(2014) TaxCorp(LJ) 4761 (HC-DELHI)

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