All landmark rulings

21,722 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Bangalore · 08 Dec 2014
(i) S. 153A: Even in non-pending assessments where no incriminating material is found, AO is not limited to assessing “undisclosed” income, (ii) revenue expenditure on leased premises is not hit by sub-section (1A) to s. 32 or Explanation 1 to s. 32, (iii) Even income voluntarily disclosed in search is liable for 2. 234B/C interest
M/s. Nandini Delux vs. ACIT
(2014) TaxCorp(LJ) 4740 (ITAT-BANGALORE) · Section 153A
Direct Tax ·ITAT Delhi · 24 Nov 2014
ITAT - If some 'Other income' is received by the Govt. Agency, which is otherwise permissible as per its activities and the amount of grant in aid is accordingly reduced to that extent, it cannot be said that the amount of 'Other income' should be charged to tax and the amount of Grant should be considered as an item of non-revenue nature
Inland Waterways Authority of India vs. Addl CIT
(2014) TaxCorp(LJ) 4739 (ITAT-DELHI)
Direct Tax ·ITAT Chennai · 24 Sep 2014
ITAT - Re-assessment on the basis of information collected by Judges Inquiry Committee (JIC) and forwarded by member IRS officer is valid
Justice P.D.Dinakaran vs DCIT
(2014) TaxCorp(LJ) 4738 (ITAT-CHENNAI)
Direct Tax ·Gujarat High Court · 28 Nov 2014
Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification
Roxul Rockwool Insulation India Pvt Ltd. vs. UOI
(2014) TaxCorp(LJ) 4735 (HC-GUJARAT)
Direct Tax ·ITAT Hyderabad · 05 Dec 2014
ITAT - Sec 80IB deduction available on excise duty refund received by assessee pursuant to Govt. incentive scheme
DCIT vs Coromandel International Ltd.
(2014) TaxCorp(LJ) 4681 (ITAT-HYDERABAD) · Section. 80IB
Direct Tax ·Bombay High Court · 05 Dec 2014
S. 41(1): Payment of Net Present Value of sales-tax deferral loan does not constitute a taxable "benefit"
CIT vs. Sulzer India Limited
(2014) TaxCorp(LJ) 4672 (HC-BOMBAY) · Section 41(1)
Direct Tax ·AP High Court · 05 Dec 2014
Issue of notice straightaway through affixture is not proper & renders proceedings void. On the expiry of the limitation period valuable rights accrue to the assessee
CIT vs. Godavari Electrical Conductors
(2014) TaxCorp(LJ) 4668 (HC-AP)
Direct Tax ·ITAT Delhi · 05 Dec 2014
Transfer Pricing: Companies which are functionally similar to the assessee cannot be excluded merely because of high or low turnover
Calibrated Healthcare Systems India Pvt. Ltd vs. ACIT
(2014) TaxCorp(LJ) 4666 (ITAT-DELHI)
Direct Tax ·ITAT Pune · 05 Dec 2014
Premium paid to buyback shares of recalcitrant shareholders is to facilitate smooth running of business and is allowable as revenue business expenditure
DCIT vs. Bramha Corp. Hotels & Resorts Ltd
(2014) TaxCorp(LJ) 4665 (ITAT-PUNE)
Direct Tax ·ITAT Panaji · 14 Aug 2014
S. 80P Co-Operative Credit Society is a Bank if it Satisfies the conditions of a Primary Bank
Renuka Co-Op Cedit Society Ltd. Vs ITO
(2014) TaxCorp(LJ) 4660 (ITAT-PANAJI) · Section. 80P
Direct Tax ·Karnataka High Court · 05 Dec 2014
HC –Cost Sharing Agreement only a device to avoid tax; payment to use intranet facilitytaxable as“royalty”
CIT, ITO vs. CGI Information Systems and Management Consultants Pvt Ltd
(2014) TaxCorp(LJ) 4659 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=4041&Category=Landmark&CategoryType=Zip
Direct Tax ·AP High Court · 05 Dec 2014
HC- Depreciation and interest payment allowable even when profits are estimated
The Commissioner of Income Tax Versus Y. Ramachandra Reddy
(2014) TaxCorp(LJ) 4658 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=58044&Category=Judgment&CategoryType=Zip
Direct Tax ·Madras High Court · 05 Dec 2014
HC - Investment u/s 54EC falling under two financial years and crossing limit of Rs 50 lakhs
COMMISSIONER OF INCOME TAX, CHENNAI Vs. C JAICHANDER
(2014) TaxCorp(LJ) 4657 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=4224&Category=Landmark&CategoryType=Zip
Direct Tax ·Bombay High Court · 05 Dec 2014
HC – Tribunal President does have power to constitute a Special Bench but at what point and how this power to be exercised is a debatable question
M/s. Jagati Publications Ltd. Versus The President, Income Tax Appellate Tribunal Through Registrar And Others
(2014) TaxCorp(LJ) 4656 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=58668&Category=Judgment&CategoryType=Zip
Direct Tax ·Chhattisgarh High Court · 05 Dec 2014
HC – Tests for determining compulsory acquisition; Applicability of TDS u/s 194LA
INCOME TAX OFFICER (TDS) Vs. NAYA RAIPUR DEVELOPMENT AUTHORITY
(2014) TaxCorp(LJ) 4655 (HC-CHHATTISGARH) · http://taxcorp.in/FileOpenDT.aspx?ID=57814&Category=Judgment&CategoryType=Zip
Direct Tax ·Madras High Court · 05 Dec 2014
HC -“Royalty” toward Technical Collaboration Agreement when can be treated as revenue expenditure?
CIT Vs HITECH ARAI LTD
(2014) TaxCorp(LJ) 4654 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=57900&Category=Judgment&CategoryType=Zip
Direct Tax ·Karnataka High Court · 05 Dec 2014
HC - Subsequent amendment though retrospective will not attract Section 263 whereassessment already made
Commissioner of Income-tax, Bangalore v. Sasken Communication Technologies Ltd.
(2014) TaxCorp(LJ) 4653 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=58658&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 05 Dec 2014
HC - Section 54 benefits available even though new property possession not received within 2 years
CIT Vs KULDEEP SINGH
(2014) TaxCorp(LJ) 4652 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=57903&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 05 Dec 2014
HC – Foreign exchange fluctuation loss onFCNR (B) loan taken for debt servicing is allowable; Sec. 43A not applicable.
CIT Vs CLIMATE SYSTEM PVT LTD
(2014) TaxCorp(LJ) 4651 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=4052&Category=Landmark&CategoryType=Zip
Direct Tax ·AP High Court · 05 Dec 2014
HC – Conditions for allowability of Secret Commission
CIT vs M/s.Transport Corporation of India
(2014) TaxCorp(LJ) 4650 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=4147&Category=Landmark&CategoryType=Zip

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