All landmark rulings

1. Direct Tax ·Delhi High Court · 02 Dec 2014
   S. 9(1)(vi): Broadcast or live coverage does not have a "copyright" & is consequently not assessable as "royalty" for purposes of TDS

   CIT. vs. Delhi Race Club

   (2014) TaxCorp(LJ) 4569 (HC-DELHI) · Section. 9(1)(vi)

2. Direct Tax ·Gujarat High Court · 01 Dec 2014
   S. 263: Failure to conduct inquiry & hear assessee before issue of notice renders proceedings invalid. Order of CIT(A) results in merger of AO's order and bars s. 263 revision

   Bilag Industries Pvt. Ltd. vs. CIT

   (2014) TaxCorp(LJ) 4568 (HC-GUJARAT) · Section. 263

3. Direct Tax ·ITAT Hyderabad · 01 Dec 2014
   S. 2(47)/ 53A: Mere handing over possession pursuant to development agreement does not result in transfer if developer has not taken steps for development of property

   ACIT. vs. B. Rajamallu

   (2014) TaxCorp(LJ) 4567 (ITAT-HYDERABAD) · Section. 2(47), 53A

4. Direct Tax ·ITAT Hyderabad · 01 Dec 2014
   For constituting a long-term capital asset, date of allotment of property and not date of registration to be considered. Benevolent approach should be adopted and not a hyper-technical or legalistic one

   Andhra Networks Limited vs. DCIT

   (2014) TaxCorp(LJ) 4566 (ITAT-HYDERABAD)

5. Direct Tax ·Gujarat High Court · 01 Dec 2014
   S. 271(1)(c) & 273(2)(a): Penalty cannot be mechanically levied. Cogent reasons have to be given

   Amrut Tubewell Company vs. ACIT

   (2014) TaxCorp(LJ) 4565 (HC-GUJARAT) · Section. 271(1)(c), 273(2)(a)

6. Direct Tax ·ITAT Delhi · 01 Dec 2014
   S. 153C: Whenever a document is found from a person who is being searched the normal presumption is that the said document belongs to that person. It is for the AO to rebut that presumption and come to a conclusion or "satisfaction" that the document in fact belongs to somebody else based on cogent material

   DCIT. vs. Aakash Arogya Mindir P. Ltd.

   (2014) TaxCorp(LJ) 4564 (ITAT-DELHI) · Section. 153C

7. Direct Tax ·ITAT Mumbai · 23 Sep 2011
   Addition U/s. 50C for mere variance with Stamp Duty Valuation without investigation not justified

   Inderlok Hotels Pvt. Ltd. (Now known as Inderlok Infra-Agro Pvt. Ltd.) v/s. Income Tax Officer – Ward-5(2)(1), Mumbai

   (2014) TaxCorp(LJ) 4563 (ITAT-MUMBAI) · Section. 50C

8. Direct Tax ·Delhi High Court · 03 Nov 2014
   HC quashes disciplinary proceeding against CA by ICAI for Inexcusable Delay

   Vipin Malik Vs. ICAI

   (2014) TaxCorp(LJ) 4562 (HC-DELHI)

9. Direct Tax ·Calcutta High Court · 20 Nov 2014
   Whether security provided by government from terrorists liable to SERVICE TAX?

   Mcleod Russel (India) Ltd., Kolkata Vs. Union of India & Anr.

   (2014) TaxCorp(LJ) 4561 (HC-CALCUTTA)

10. Direct Tax ·ITAT Mumbai · 12 Sep 2014
    ITAT - Disallowance/TDS cannot be made u/s 40(a)(ia) on the basis of subsequent amendment brought into the Act with retrospective effect

    Rich Graviss Products Pvt Ltd. vs ACIT

    (2014) TaxCorp(LJ) 4560 (ITAT-MUMBAI)

11. Direct Tax ·ITAT Ahmedabad · 29 Aug 2014
    ITAT - Amount transferred to reserve mandatorily to meet future development expenses on specific direction of Government is revenue expenditure

    ACIT vs Omnibus Industrial Development Corporation

    (2014) TaxCorp(LJ) 4559 (ITAT-AHMEDABAD) · Section. 37

12. Direct Tax ·ITAT Kolkata · 22 Aug 2014
    ITAT - Non application of mind while making assessment amounts to erroneous assessment warranting exercise of revisional jurisdiction u/s 263.

    Star Griha Private Limited vs CIT

    (2014) TaxCorp(LJ) 4558 (ITAT-KOLKATA) · Section. 263

13. Direct Tax ·ITAT Mumbai · 17 Apr 2014
    ITAT - Write-down due to bankruptcy not revenue in nature

    Tata Communications Ltd. vs ACIT

    (2014) TaxCorp(LJ) 4557 (ITAT-MUMBAI)

14. Direct Tax ·Karnataka High Court · 22 Aug 2014
    HC -Set-off of notionally brought forward losses available for eligible profits u/s 80IA(5)

    M/s Microlabs Ltd vs ACIT

    (2014) TaxCorp(LJ) 4556 (HC-KARNATAKA) · Section. 80IA(5)

15. Direct Tax ·Madras High Court · 22 Aug 2014
    HC - Royalty payments pursuant to license granted under subsequent technical collaboration agreements is revenue in nature

    CIT vs Hitech Arai Ltd

    (2014) TaxCorp(LJ) 4555 (HC-MADRAS)

16. Direct Tax ·ITAT Hyderabad · 28 Nov 2014
    ITAT - No Sec 195 TDS on payments made to foreign entities for complete source code of software as not being royalty but copyright

    ACIT. vs. Bartronics India Ltd.

    (2014) TaxCorp(LJ) 4554 (ITAT-HYDERABAD)

17. Direct Tax ·Bombay High Court · 27 Nov 2014
    HC - Sec 244A interest available on excess payment of self-assessment tax as it is a discharge of statutory 'obligation'

    Stock Holding Corporation of India Ltd. vs. CIT

    (2014) TaxCorp(LJ) 4553 (HC-BOMBAY) · Section. 244A

18. Direct Tax ·Karnataka High Court · 27 Nov 2014
    HC - Order of ITAT not proper as was against principals of natural justice; an opportunity of being heard had to be necessarily granted.

    CIT vs Wifi Network Pvt Ltd.

    (2014) TaxCorp(LJ) 4552 (HC-KARNATAKA)

19. Direct Tax ·Supreme Court · 25 Nov 2014
    SC - As assessee was owner of more than one residential house as on the date of transfer of land, Sec. 54F benefit could not be granted

    M.J.Siwani And Another Vs. Commissioner Of Income Tax

    (2014) TaxCorp(LJ) 4551 (SC)

20. Direct Tax ·Bombay High Court · 29 Aug 2014
    HC - Sec 142(1) notice issued subsequent to reopening of assessment valid

    HDFC Bank Ltd vs ACIT

    (2014) TaxCorp(LJ) 4550 (HC-BOMBAY) · Section. 142(1)

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