All landmark rulings

1. Direct Tax ·ITAT Pune · 26 Sep 2014
   ITAT - Despite filing of returns beyond prescribed due date u/s 139(1), Sec 80IB(10) deduction available

   Arun Bhagwat Patil vs. ITO

   (2014) TaxCorp(LJ) 4589 (ITAT-PUNE) · Section. 80IB(10)

2. Direct Tax ·ITAT Bangalore · 26 Sep 2014
   ITAT - Since non-resident was entitled to only half of the sale consideration, sec. 195 attracted to proportionate amount only

   Shri R. Prakash vs ITO

   (2014) TaxCorp(LJ) 4588 (ITAT-BANGALORE) · Section. 195

3. Direct Tax ·ITAT Ahmedabad · 26 Sep 2014
   ITAT - No real income could accrue to the assessee under the agreement on a date prior to the date of completion of project; revision u/s 263 not valid

   MSK Highways Ltd vs. CIT

   (2014) TaxCorp(LJ) 4587 (ITAT-AHMEDABAD)

4. Direct Tax ·ITAT Hyderabad · 26 Sep 2014
   ITAT - DIT(E) was wholly bent on refusing registration on various extraneous considerations and exceeded jurisdiction by not following jurisdictional HC ruling

   Agricultural Market Committee, Achampet vs DIT(E)

   (2014) TaxCorp(LJ) 4586 (ITAT-HYDERABAD)

5. Direct Tax ·ITAT Jaipur · 26 Sep 2014
   ITAT - JV is a 'finance' transaction and JV expenses is in nature of 'interest' expense, liable to TDS u/s 194A

   Kirodi Mal Modi. vs The Addl. C.I.T.

   (2014) TaxCorp(LJ) 4585 (ITAT-JAIPUR) · Section. 194A

6. Direct Tax ·ITAT Cochin · 12 Sep 2014
   ITAT - Inaccuracies in original assessment order to charge interests u/s. 220(2) and 245D(6A) and withdraw interest u/s 244(1 A), not 'patent' mistakes to confer Sec 154 jurisdiction

   Shri A. Younuskunju vs DCIT

   (2014) TaxCorp(LJ) 4584 (ITAT-COCHIN) · Sections. 220, 244, 154

7. Direct Tax ·ITAT Bangalore · 12 Sep 2014
   ITAT - Documents like electricity bill, internet broadband usage bill and property tax receipt can be used to prove that assessee had completed construction within 3 years of property sale date for exemption u/s 54F

   Shri Sandeep Khosla vs DCIT

   (2014) TaxCorp(LJ) 4583 (ITAT-BANGALORE) · Section. 54F

8. Direct Tax ·ITAT Chennai · 16 Mar 2011
   Registration as ITP not necessary to appear before revenue

   Vidhya Sikshaa Educational and Charitable Trust Vs. CIT

   (2014) TaxCorp(LJ) 4582 (ITAT-CHENNAI)

9. Direct Tax ·Bombay High Court · 02 Dec 2014
   HC - Since efficacious alternate remedy to go before Tribunal is present under the Act, writ is dismissed

   Congnizant India Pvt. Ltd. vs. ACIT

   (2014) TaxCorp(LJ) 4581 (HC-BOMBAY)

10. Direct Tax ·ITAT Mumbai · 02 Dec 2014
    ITAT - Forfeiture of share application money is a capital receipt and also no benefit or perquisite arises

    Graviss Hospitality Ltd vs DCIT

    (2014) TaxCorp(LJ) 4580 (ITAT-MUMBAI)

11. Direct Tax ·ITAT Hyderabad · 01 Dec 2014
    ITAT - Passing of bundle of rights in land to the consortium enabling enjoyment of immovable property constitutes 'transfer' u/s 2(47)(vi)

    Andhra Networks Limited vs DCFT

    (2014) TaxCorp(LJ) 4579 (ITAT-HYDERABAD)

12. Direct Tax ·ITAT Chennai · 01 Dec 2014
    ITAT - 'Granting of license' to make use of the 'shrink wrap software' was included as a right under Explanation 2 to Sec 9(l)(vi) defining royalty

    ITO. vs. F.L Smidth Ltda

    (2014) TaxCorp(LJ) 4578 (ITAT-CHENNAI)

13. Direct Tax ·ITAT Mumbai · 02 Dec 2014
    Impact of Explanation 2 to s. 195(1) inserted by Finance Act, 2012 w.r.e.f. 01.04.1962 on law laid down in GE India Technology Centre 327 ITR 456 (SC) explained

    ACIT. vs. Vilas N. Tamhankar

    (2014) TaxCorp(LJ) 4577 (ITAT-MUMBAI) · Section. 195(1)

14. Direct Tax ·ITAT Mumbai · 01 Dec 2014
    S. 133A: A statement given u/s 133A(iii) is not on oath and can be retracted. Even a statement on oath does not create any estoppel and can be retracted

    ITO. vs. Vandana Properties

    (2014) TaxCorp(LJ) 4576 (ITAT-MUMBAI) · Sections. 133A, 133A(iii)

15. Direct Tax ·ITAT Cochin · 02 Dec 2014
    S. 40(a)(ia) second proviso is not retrospective & so payment of TDS before due date of ROI does not prevent disallowance. Law laid down in Vector Shipping cannot be followed

    The Ramanthali Service Co-operative Bank Ltd. vs. ITO

    (2014) TaxCorp(LJ) 4575 (ITAT-COCHIN) · Section. 40(a)(ia)

16. Direct Tax ·Delhi High Court · 01 Dec 2014
    S. 153C cannot be invoked unless the AO is satisfied for cogent reasons that the seized documents do not belong to the searched person. Finding of photocopies with the searched person does not mean they "belong" to the person holding the originals. The distinction between "belongs to" and "relates to" or "refers to" must be borne in mind by the AO

    Pepsi India Holdings Private Ltd. vs. ACIT

    (2014) TaxCorp(LJ) 4574 (HC-DELHI) · Section. 153C

17. Direct Tax ·Delhi High Court · 02 Dec 2014
    RTI Act: Income-tax returns are confidential and cannot be disclosed except where disclosure is in public interest and outweighs possible harm to the assessee

    Naresh Trehan vs. Rakesh Kumar Gupta

    (2014) TaxCorp(LJ) 4573 (HC-DELHI)

18. Direct Tax ·ITAT Delhi · 02 Dec 2014
    S. 147/ 151: Reopening mechanically on the basis of material received from another AO is bad. Merely noting "approved" without recording satisfaction is bad

    ITO. vs. M. B. Jewellers P. Ltd.

    (2014) TaxCorp(LJ) 4572 (ITAT-DELHI) · Section. 147, 151

19. Direct Tax ·Bombay High Court · 02 Dec 2014
    S. 254: ITAT cannot decline to admit additional ground of appeal on the ground that it would in any case be answered against the appellant on merits

    Jehangir H C Jehangir vs. ITO

    (2014) TaxCorp(LJ) 4571 (HC-BOMBAY) · Section. 254

20. Direct Tax ·ITAT Delhi · 01 Dec 2014
    Transfer Pricing: Updated information not available at the time of the TP study but available at the stage of assessment has to be considered by AO

    ADIT. vs. M/s I. M. Technologies

    (2014) TaxCorp(LJ) 4570 (ITAT-DELHI)

Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.