All landmark rulings

21,722 rulings

Desk: Both Direct Tax GST

Direct Tax ·Bombay High Court · 04 Dec 2014
S. 147: The words “failure to disclose material facts" is not a magician's mantra & the failure to use those words will not by itself oust jurisdiction to reassess if the reasons as a whole implies a failure to disclose material facts
Allanasons Limited vs. DCIT
(2014) TaxCorp(LJ) 4609 (HC-BOMBAY) · Section 147
Direct Tax ·Delhi High Court · 04 Dec 2014
HC –Amount received with respect tocompulsory warranty and servicing obligationscannot be taxed in one year
COMMISSIONER OF INCOME TAX-X Vs SMT PARAMJEET LUTHRA
(2014) TaxCorp(LJ) 4608 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=4173&Category=Landmark&CategoryType=Zip
Direct Tax ·ITAT Kolkata · 04 Dec 2014
S. 2(15)/ 11: Entire law on what is "charitable purpose" and scope of Proviso inserted by Finance (No.2) Act 2009 w.r.e.f. 01.04.2009 explained
Indian Chamber of Commerce vs. ITO
(2014) TaxCorp(LJ) 4607 (ITAT-KOLKATA) · Sections 2(15), 11
Direct Tax ·Allahabad High Court · 04 Dec 2014
HC –Dominant Nature of bus hiring contract being service; TDS u/s 194C applicable
CIT vs Apeejay School
(2014) TaxCorp(LJ) 4606 (HC-ALLAHABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=4025&Category=Landmark&CategoryType=Zip
Direct Tax ·Bombay High Court · 04 Dec 2014
HC - Books of account could not be rejected casually; Procedure of sec. 145(3) must be followed
COMMISSIONER OF INCOME TAX Vs TELETRONICS DEALING SYSTEMS P LTD.
(2014) TaxCorp(LJ) 4605 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=58503&Category=Judgment&CategoryType=Zip
Direct Tax ·Madras High Court · 04 Dec 2014
HC - Applicability of section 50C - Objection for invoking Section 50C(1)
AppaduraiVijayaraghavanVersus The Joint Commissioner of Income Tax (OSD), Income Tax Department
(2014) TaxCorp(LJ) 4604 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=58010&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 04 Dec 2014
HC - Book loss on sale of shares to the joint venture partner not colourable device
Commissioner of Income Tax VersusSiel Ltd.
(2014) TaxCorp(LJ) 4603 (HC-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=7418&Category=INTLDecisions&CategoryType=Zip%22%20\t%20%22_blank
Direct Tax ·P&H High Court · 04 Dec 2014
HC – Before ordering special audit u/s 142(2A), a reasonable opportunity of being heard is required
ISOLUX CORSAN INDIA ENGINEERING AND CONSTRUCTION PVT LTD Vs DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4602 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=58434&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 04 Dec 2014
HC – After amalgamation,assessment/notice in the name of old company is void; Sec. 292B not applicable
COMMISSIONER OF INCOME TAX-III Vs. DIMENSION APPARELS PVT LTD.
(2014) TaxCorp(LJ) 4601 (HC-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=58501&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Delhi · 03 Dec 2014
ITAT – 80IC Benefits cannot be denied merely because audit report refers to 'rendering services of jobwork' as main business
DCIT Vs LEGACY FOODS PVT LTD
(2014) TaxCorp(LJ) 4600 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=3997&Category=Landmark&CategoryType=Zip
Direct Tax ·Bombay High Court · 03 Dec 2014
HC – Acceptance of Assessee is itself sufficient tangible material for AO to reopen assessment
POWERDEAL ENERGY SYSTEMS (I) PVT LTD Vs ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4599 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=4225&Category=Landmark&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 03 Dec 2014
Transfer Pricing: Law on aggregation of several international transactions to determine the Arms' Length Price explained
Toyota Kirloskar Auto Parts Pvt. Ltd. vs. ACIT
(2014) TaxCorp(LJ) 4598 (ITAT-BANGALORE)
Direct Tax ·ITAT Delhi · 03 Dec 2014
S. 147: After the expiry of the time limit for issue of s. 143(2) notice, the AO has no jurisdiction to make a reference to the TPO. The TPO's report cannot form the basis for reopening the assessment
EXL India Business Services Pvt Ltd. vs. ACIT
(2014) TaxCorp(LJ) 4597 (ITAT-DELHI) · Sections. 147, 143(2)
Direct Tax ·ITAT Hyderabad · 03 Dec 2014
S. 80-IB: Excise duty refund is "derived" from the undertaking. Liberty India 316 ITR 218 (SC) is distinguishable
DCIT. vs. Coromandel International Ltd.
(2014) TaxCorp(LJ) 4596 (ITAT-HYDERABAD) · Section. 80-IB
Direct Tax ·ITAT Delhi · 03 Dec 2014
Transfer Pricing: Comparables with more than 25% RPTs have to be excluded. There are no fetters on the assessee's right to claim that a comparable included by him should be excluded
ACIT. vs. Convergys India Service (P) Ltd.
(2014) TaxCorp(LJ) 4595 (ITAT-DELHI)
Direct Tax ·ITAT Mumbai · 03 Dec 2014
S. 37(1): Non-compete fee to ex-MD is revenue expenditure
ACIT. vs. Clariant Chemicals (I) Ltd.
(2014) TaxCorp(LJ) 4594 (ITAT-MUMBAI) · Section. 37(1)
Direct Tax ·ITAT Delhi · 03 Dec 2014
Transfer Pricing: ALP adjustments can only be made in respect of international transactions with the AEs and cannot extend to the transactions with non AEs
DCIT. vs. Alcatel India Limited
(2014) TaxCorp(LJ) 4593 (ITAT-DELHI)
Direct Tax ·ITAT Bangalore · 17 Oct 2014
ITAT - Sec. 184(5) does not come into operation in every case of assessment made u/s 144
Mas Properties & Developers, vs ITO
(2014) TaxCorp(LJ) 4592 (ITAT-BANGALORE)
Direct Tax ·ITAT Mumbai · 17 Oct 2014
ITAT - Though not properly presented the principles of justice, equity and good concise cast a duty upon ITAT to correct mistakes apparent from record
Gits Food Products Pvt.Ltd. vs ACIT
(2014) TaxCorp(LJ) 4591 (ITAT-MUMBAI)
Direct Tax ·ITAT Cochin · 01 Oct 2014
ITAT - Though assessee was not entitled to exemption u/s. 11, amount brought to tax should qualify as 'income' u/s 2(45) and should be then liable to get charged u/s 4(1)
A.Y. Broadcast Foundation vs. ITO
(2014) TaxCorp(LJ) 4590 (ITAT-COCHIN) · Section. 11

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