All landmark rulings

1. Direct Tax ·ITAT Hyderabad · 03 Sep 2014
   Whether the direction of the AO to the assessee to file fresh return within 15 days is violative the mandate u/s 158BC

   LATE MR. JAWAHARLAL Vs. DCIT

   (2014) TaxCorp(LJ) 4088 (ITAT-HYDERABAD) · Income tax - Sections 158BB, 158BC, 254

2. Direct Tax ·ITAT Ahmedabad · 27 Aug 2014
   Differential treatment cannot be meted out to another co-owner while making assessment of same property

   ACIT. Vs. Shri Mahesh Chunilal Shah

   (2014) TaxCorp(LJ) 4087 (ITAT-AHMEDABAD)

3. Direct Tax ·Supreme Court · 27 Aug 2014
   SC explains scope of revisional power of High Courts

   Hindustan Petroleum Corporation Ltd. Vs. Dilbahar Singh

   (2014) TaxCorp(LJ) 4086 (SC)

4. Direct Tax ·ITAT Mumbai · 30 Jul 2014
   Assessee can maintain two separate portfolios, one for investment & other for business of dealing in shares

   M/s. SMAA Trade Invest P. Ltd. Vs. CIT

   (2014) TaxCorp(LJ) 4085 (ITAT-MUMBAI)

5. Direct Tax ·Supreme Court · 27 Aug 2014
   Criminalisation of politics is an anathema to the sacredness of democracy : SC

   Manoj Narula Vs. Union of India

   (2014) TaxCorp(LJ) 4084 (SC)

6. Direct Tax ·Karnataka High Court · 09 Jun 2005
   Revenue cannot recover demand to the extent of TDS deducted despite non payment by deductor

   Smt. Anusuya Alva Vs. Deputy Commissioner Of Income Tax

   (2014) TaxCorp(LJ) 4083 (HC-KARNATAKA)

7. Direct Tax ·Gujarat High Court · 04 Jan 2000
   Assessee cannot be held liable for non payment of TDS by deductor

   ACIT vs. Om Prakash Gattani

   (2014) TaxCorp(LJ) 4082 (HC-GUJARAT)

8. Direct Tax ·Gujarat High Court · 31 Mar 1998
   Assessee not required to pay tax to the extent to which it has been deducted from relevant income

   Commissioner Of Income Tax Vs. Ranoli Investment Pvt. Ltd. & Ors.

   (2014) TaxCorp(LJ) 4081 (HC-GUJARAT) · Section. 215

9. Direct Tax ·ITAT Ahmedabad · 03 Feb 2014
   Business loss can be set off against addition u/s. 68 or undisclosed income

   M/s. K.R. Automobiles v/s ACIT

   (2014) TaxCorp(LJ) 4080 (ITAT-AHMEDABAD) · Section. 68

10. Direct Tax ·Supreme Court · 25 Aug 2014
    Coal blocks allocated since 1993 is illegal: SC

    Manohar Lal Sharma Vs. The Principal Secretary & Ors.

    (2014) TaxCorp(LJ) 4079 (SC)

11. Direct Tax ·ITAT Mumbai · 20 Aug 2014
    Purchases cannot be bogus for mere listing of supplier as hawala dealer by Vat authorities

    Shri Rajeev G. Kalathil Vs. DCIT

    (2014) TaxCorp(LJ) 4078 (ITAT-MUMBAI)

12. Direct Tax ·Bombay High Court · 10 Jul 2014
    Office/Clinic Of Professionals are Not Commercial Establishment – HC

    Dr. Kavita Pravin Tilwani Vs. The State of Maharashtra & Others

    (2014) TaxCorp(LJ) 4077 (HC-BOMBAY)

13. Direct Tax ·Supreme Court · 01 Aug 2014
    Sec.138 of N.I.Act – Prosecution to be launched in Jurisdiction of court where cheque was dishonored- SC

    Dashrath Rupsingh Rathod Vs. State of Maharashtra & Anr.

    (2014) TaxCorp(LJ) 4076 (SC) · Section. 138

14. Direct Tax ·ITAT Delhi · 29 Aug 2014
    Whether when the assessee acquires a running business of AMC which is the key income earning apparatus for the assessee, the AMCs are nothing but commercial rights to be categorised as 'business or commercial rights' for the purpose of Sec 32(1)(ii)

    THYSSENKRUPP ELEVATOR INDIA PVT LTD. Vs. ACIT

    (2014) TaxCorp(LJ) 4075 (ITAT-DELHI) · Income tax - Sections 32(1)(ii)

15. Direct Tax ·ITAT Ahmedabad · 05 Sep 2014
    Whether when the AO has formed an opinion that "profits of the business of undertaking" u/s 10AA will include the "profits of the business of SEZ", the interference of Commissioner by invokation of his jurisdiction u/s 263 is warranted

    M/s ZAVERI AND COMPANY EXPORTS Vs. CIT

    (2014) TaxCorp(LJ) 4074 (ITAT-AHMEDABAD) · Income tax - Sections 10AA, 142(2), 143(3), 263

16. Direct Tax ·Delhi High Court · 28 Aug 2014
    Whether notice u/s 149 after expiry of six years of original assessment, can be issued in absence of any satisfaction of the AO that certain foreign income of assessee has escaped assessment

    DECCAN DIGITAL NETWORKS PVT LTD. Vs. ITO

    (2014) TaxCorp(LJ) 4073 (HC-DELHI) · Income tax - Sections 147, 148, 149

17. Direct Tax ·ITAT Delhi · 28 Aug 2014
    Whether assessee can take a pleading that the Department was aware of the transaction prior to the search conducted u/s 132, for contending that the said transaction cannot be brought to tax

    MAHARANI KAMSUNDARI OF DARBHANGA Vs. ACIT

    (2014) TaxCorp(LJ) 4072 (ITAT-DELHI) · Income Tax - Sections 131(1A), 132, 158BC

18. Direct Tax ·ITAT Jaipur · 28 Aug 2014
    Whether expenditure incurred on repairing earthen shoulder built around the National Highway can be claimed as allowable deduction u/s 31(1)

    ADDL. CIT. Vs. M/s GVK JAIPUR KISHANGARH EXPRESSWAY PVT LTD.

    (2014) TaxCorp(LJ) 4071 (ITAT-JAIPUR) · Income tax - Sections 31(1), 37(1), 251(2)

19. Direct Tax ·ITAT Chennai · 28 Aug 2014
    Whether any disallownace can be made u/s 43B when employees contribution towards Provident Fund and ESI has been deposited after due date but before the due date of filing of return

    M/s VENKATESWARA ELECTRICAL INDUSTRIES PVT LTD. Vs. DCIT

    (2014) TaxCorp(LJ) 4070 (ITAT-CHENNAI) · Income Tax - Sections 36(1)(va), 40(a)(ia), 43B, 194C, 194I

20. Direct Tax ·ITAT Mumbai · 05 Sep 2014
    ITAT laments severe fall in standards of CA profession. Advices ICAI to take disciplinary proceedings against erring members & tackle issue on war footing

    Vijay V Meghani vs. DCIT

    (2014) TaxCorp(LJ) 4069 (ITAT-MUMBAI)

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