All landmark rulings

1. Direct Tax ·ITAT Ahmedabad · 12 Sep 2014
   B/F unabsorbed depreciation can be set off against Unexplained Income U/s. 68

   ACIT Vs. M/s. Shree Raghupati Fibres Pvt. Ltd.

   (2014) TaxCorp(LJ) 4168 (ITAT-AHMEDABAD) · Section 68

2. Direct Tax ·ITAT Hyderabad · 05 Sep 2014
   Reference u/s 142A is exclusive prerogative of AO

   Dr. G. Premalatha vs. The Joint CIT

   (2014) TaxCorp(LJ) 4167 (ITAT-HYDERABAD) · Section 142A

3. Direct Tax ·ITAT Mumbai · 13 Mar 2014
   Reopening of assessment Beyond a period of 4 years without Approval of Joint Commissioner not valid

   Dr. Neeta Rajan Modi vs. ITO

   (2014) TaxCorp(LJ) 4166 (ITAT-MUMBAI)

4. Direct Tax ·Bombay High Court · 10 Mar 2014
   In absence of Tax Advantage and Huge Loss , Penalty not leviable

   CIT vs. M/s. Garware Chemicals Ltd.

   (2014) TaxCorp(LJ) 4165 (HC-BOMBAY)

5. Direct Tax ·ITAT Mumbai · 21 Jul 2014
   Capital expenditure/ revenue expenditure – No reassessment in subsequent years – Reassessment quashed

   DCIT v. India Infoline Insurance Services Pvt. Ltd.

   (2014) TaxCorp(LJ) 4164 (ITAT-MUMBAI)

6. Direct Tax ·ITAT Delhi · 14 Aug 2014
   Reopening based on information received from Investigation Wing, without application of mind not sustainable

   ITO Vs. M/s Comero Leasing & Financial

   (2014) TaxCorp(LJ) 4163 (ITAT-DELHI)

7. Direct Tax ·ITAT Delhi · 29 Aug 2014
   Information from investigation wing is only a prima-facie material and not conclusive

   DCIT v/s Heminder Kumari

   (2014) TaxCorp(LJ) 4162 (ITAT-DELHI)

8. Direct Tax ·Allahabad High Court · 26 Aug 2014
   Contempt of Court for non-working of AC in Court room

   State Of U.P. Vs. Mr. A.K. Mukherjee H.J.S., Senior Registrar

   (2014) TaxCorp(LJ) 4161 (HC-ALLAHABAD)

9. Direct Tax ·Bombay High Court · 20 Aug 2014
   Reassessment based on Suspicious/ Hawala purchases – Disposal of objections should be based on recorded reasons

   M/s Pransukhlal Bros. v. ITO

   (2014) TaxCorp(LJ) 4160 (HC-BOMBAY)

10. Direct Tax ·ITAT Ahmedabad · 14 Aug 2014
    Reasonable remuneration paid to secretary of trust, who is also a trustee is allowable

    PNR Society for Relief & Rehabilitation of the Disabled Trust Vs. DDIT

    (2014) TaxCorp(LJ) 4159 (ITAT-AHMEDABAD)

11. Direct Tax ·Delhi High Court · 10 Jul 2014
    CA held guilty of professional misconduct for filing bogus form with ROC

    Council of the Institute of Chartered Accountants of India Vs. Ved Prakash Verma

    (2014) TaxCorp(LJ) 4158 (HC-DELHI)

12. Direct Tax ·ITAT Delhi · 05 Sep 2014
    Section 69- Addition for cash deposited in bank after long period of withdrawal not justified

    ITO Vs. Mrs. Deepali Sehgal

    (2014) TaxCorp(LJ) 4157 (ITAT-DELHI) · Section 69

13. Direct Tax ·ITAT Lucknow · 05 Sep 2014
    Mere Change in Allotted flat without determining any consideration is not transfer

    ITO Vs. Smt. Tripta Shahani

    (2014) TaxCorp(LJ) 4156 (ITAT-LUCKNOW)

14. Direct Tax ·Chhattisgarh High Court · 05 Aug 2014
    Place of Removal: In Case Of Tariff Value U/s. 3 & Valuation U/s. 4(A)

    Ultratech Cement Ltd. vs. CCE

    (2014) TaxCorp(LJ) 4155 (HC-CHHATTISGARH) · Section 4(A)

15. Direct Tax ·Allahabad High Court · 24 Jul 2014
    Sunday is ordinarily not a day for judicial or legal proceedings

    State Of U.P.& Others Vs. Ist A.D.J.& Others

    (2014) TaxCorp(LJ) 4154 (HC-ALLAHABAD) · Section 22

16. Direct Tax ·Madras High Court · 08 Sep 2014
    Whether when the assessee has submitted detailed explanation in respect of alleged concealment of income, the assessing authority is bound to consider such explanations before invoking penalty proceedings u/s 271(1)(c)

    LATE N R PALANIVEL Vs. CIT

    (2014) TaxCorp(LJ) 4153 (HC-MADRAS) · Income tax - Sections 133A, 260A, 271(1)(c)

17. Direct Tax ·ITAT Hyderabad · 16 Sep 2014
    Whether the AO can estimate income taking 10% of advances at 10% for earlier years and taking 10% of work-in-progress for the next years

    M/s SURABHI SHELTERS PVT LTD. Vs. ACIT

    (2014) TaxCorp(LJ) 4152 (ITAT-HYDERABAD) · Income Tax - Sections 132(4), 153A

18. Direct Tax ·Delhi High Court · 16 Sep 2014
    Whether when the addition made on account of Sec 10A benefits were deleted by the Tribunal in case of earlier AY, a notice for reassessment u/s 148 survives even if there is time left to file an appeal

    A T KEARNEY INDIA Vs. ITO.

    (2014) TaxCorp(LJ) 4151 (HC-DELHI) · Income tax - Sections 10A, 148

19. Direct Tax ·ITAT Pune · 17 Sep 2014
    Whether as per the provisions of the section 36(1)(viia), the deduction allowable is to be restricted to the actual amount of Provision made in the books of account for bad and doubtful debts

    ADDL. CIT. VS. BANK OF MAHARASHTRA

    (2014) TaxCorp(LJ) 4150 (ITAT-PUNE) · Income Tax - Sections 10(23G), 28, 36(1)(vii), 37(1), 80G, 115JA, 143(3)

20. Direct Tax ·Gujarat High Court · 08 Sep 2014
    Whether penalty can be imposed u/s 271A(2) once reasonable cause has been established by the assessee for its failure in complying with the provisions of section 272A(2)(g)

    CIT. Vs. EXCEL INDUSTRIES LTD.

    (2014) TaxCorp(LJ) 4149 (HC-GUJARAT) · Income tax - Sections 260A, 272A(2)(g), 273B

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