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HC - Revision u/s 263 on the basis of retrospective amendment not justified
CIT vs. Sasken Communication Technologies Limited
(2014) TaxCorp(LJ) 4068 (HC-KARNATAKA) · 263
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HC – Merely because Trust proposed to carry on the business in future to support charitable purposes, registration u/s 12A cannot be declined
CIT & Ors. Vs. M/S. INDIA HERITAGE TRUST
(2014) TaxCorp(LJ) 4067 (HC-KARNATAKA) · 12A
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HC - Distinguishes SA Builders; Disallowance of interest paid justified for interest free loans to sister concern
CIT vs. K.RAHEJA DEVELOPMENT CORPORATION
(2014) TaxCorp(LJ) 4066 (HC-KARNATAKA) · 37(1), 36(1)(iii)
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HC - Tax liability cannot be enhanced in an intimation passed under section 154 by CPC-TDS without providing an opportunity of hearing
Page Industries Ltd. Vs. Dy. CIT & Ors.
(2014) TaxCorp(LJ) 4065 (HC-KARNATAKA) · 154 r/w 156
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Whether enhanced compensation can be taxed only when the original compensation was taxed
CIT. Vs. GULAB SUNDRI BAPNA
(2014) TaxCorp(LJ) 4064 (HC-DELHI) · Income tax - Sections 45(5), 48(2), 54, 54F, 55(2)
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Whether expenditure incurred on demolition, painting, flooring and partition of leasehold premises is essentially revenue in nature
ACIT. Vs. M/s SUNDARAM ASSET MANAGEMENT COMPANY LTD.
(2014) TaxCorp(LJ) 4063 (ITAT-CHENNAI) · Income Tax - Sections 32(1), 40(a)(i), 44BB, 195
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Whether foreign exchange gain earned from software development services can be treated as part of income from such services while computing operating profit margin
Cisco Systems India Pvt Ltd. Vs. DCIT
(2014) TaxCorp(LJ) 4062 (ITAT-BANGALORE) · Income tax – Sections 10A, 10B, 40(a)(ia), 92CA, 143(3), 144C
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Whether Return on capital employed can be used as a correct Profit Level indicator under the TNMM
DINURJE JEWELLERY PVT LTD. Vs. ITO
(2014) TaxCorp(LJ) 4061 (ITAT-MUMBAI) · Income Tax - Section 40A(2)(b)
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Whether when there is absence of any arrangement between the assessee and its related party which can be connected with the production of more than ordinary profits to the assessee, the deduction u/s 10A can be denied or reduced
M/s A T KEARNEY INDIA PVT LTD. Vs. ADDL. CIT
(2014) TaxCorp(LJ) 4060 (ITAT-DELHI) · Income tax - Sections 10A, 115JB, 80IA, 92BA, 92F
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Whether the mere fact that company ‘A' has been held to be not comparable in a judicial order passed in the case of company ‘B', it can be said that company ‘A' would automatically cease to be comparable to all the cases to follow
TOLUNA INDIA PVT LTD. Vs. ACIT
(2014) TaxCorp(LJ) 4059 (ITAT-DELHI) · Income Tax Act – Sections 133(6), 143(3), 144C
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Whether when TPO resorts to uniform and consistent approach in selection of comparables, any interference by the Tribunal is warranted in such a case
ACIT. Vs. M/s ZEE ENTERTAINMENT ENTERPRISES LTD.
(2014) TaxCorp(LJ) 4058 (ITAT-MUMBAI) · Income Tax - Sections 14A, 133(6)
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Whether when the parent advances interest-free loans to its AE from interest-bearing funds, TP adjustment is warranted
TTK PRESTIGE LTD. Vs. ACIT
(2014) TaxCorp(LJ) 4057 (ITAT-BANGALORE) · Income tax - Sections 2(47), 45, 46(1) & (2), 92CA, 92CB, 195(1) & (2)
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Whether there is any element of acceptability in the plea of the Revenue that globalisation of business processes itself mandates a change in the method of attribution of profits
M/s GALILEO NEDERLAND BV Vs. ADIT
(2014) TaxCorp(LJ) 4056 (HC-DELHI) · Income tax – Sections 5(2), 9(1)(i)
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HC - Expenses / Cost of abandoned project - Allowable as deduction u/s 28 r/w 37 - Fact that arbitration proceedings are pending - Not relevant in disallowing the claim
M/s. Asia Power Projects Pvt. Ltd. Vs. The Deputy Commissioner of Income Tax
(2014) TaxCorp(LJ) 4055 (HC-KARNATAKA) · 28 rw/ 37(1)
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Whether issues like examination of cross-transactions among bank accounts qualify to be considered in exercise of power under Section 154
JRD STOCK BROKERS PVT LTD. Vs. CIT
(2014) TaxCorp(LJ) 4054 (HC-DELHI) · Income Tax - Sections 68, 132, 143(3), 154, 158
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Assessee mentioned that the said statement was given under duress and was retracted by him at the first available opportunity when he was produced for the first time in Court.
DEPARTMENT OF CUSTOMS Vs. JOGINDER PAL JAIN
(2014) TaxCorp(LJ) 4053 (HC-DELHI)
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Whether provisions of Sec 43A will apply even if FCNR loan is taken not for acquisition of capital assets
CIT. Vs. CLIMATE SYSTEM PVT LTD.
(2014) TaxCorp(LJ) 4052 (HC-DELHI) · Income tax - Sections 43A, 143(3), 263
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Whether when an assessee who was not a shareholder of the company from which he had received a loan or an advance, the said loan can be treated as dividend u/s 2(22)(e)
ITO. Vs. M/s MORGAN EXIM PVT LTD.
(2014) TaxCorp(LJ) 4051 (ITAT-DELHI) · Income tax – Sections 2(22)(e)
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Whether a small variation in gross profit can be a basis for an addition
ACIT. Vs. M/s KARMIN INTERNATIONAL
(2014) TaxCorp(LJ) 4050 (ITAT-LUCKNOW) · Income Tax - Sections 9(1) (vii), 195(1)
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Whether when the first appellate authority has simply directed the AO to pass speaking order before charging interest, such an order can be construed as restrictions being imposed on the AO from levying interest under particular Section.
COMMISSIONER OF INCOME TAX – III Vs. M/s R R HOLDINGS PVT LTD.
(2014) TaxCorp(LJ) 4049 (HC-DELHI) · Income tax – Sections 143(3), 154, 201, 207, 208, 209-A, 215, 217(1A), 219, 250, 254(2)
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