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Whether there is any prohibition u/s 80P not to allow deduction to such co-operative societies in respect of business relating to its members
ITO. Vs. GOKAK VIVIDH UDDESHAGALA SOUHARD SAHAKARI NIYAMIT
(2014) TaxCorp(LJ) 3988 (ITAT-PANAJI) · Income Tax - Sections 80P(2)(a)(i), 80P(4)
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No absolute right of an Advocate to have appearance in any Court – Gujarat HC
Vasava Narpat Sinh, (Advocate) & Anr Vs. Registrar Gujarat High Court & Ors.
(2014) TaxCorp(LJ) 3987 (HC-GUJARAT)
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DC of Customs threatens CIC judges
Shri P. Balachandar Vs. The Dy. Commissioner (Enquiry) (Central Information Commission)
(2014) TaxCorp(LJ) 3986 (CIC)
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CAG’s Appointment – Delhi High Court Judgment
N GOPALASWAMI & ORS Vs. THE UNION OF INDIA & ANR
(2014) TaxCorp(LJ) 3985 (HC-DELHI)
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Whether assessee is required to prove direct nexus between the AMP expenditure and credit notes
M/s MOTOROLA SOLUTIONS INDIA PVT LTD. Vs. ACIT
(2014) TaxCorp(LJ) 3984 (ITAT-DELHI) · Income tax - Sections 10A, 10B, 92C(3), 92CA(1) & (2), 92D, 234D, 271(1)(c)
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Whether when the assessee company takes over the industrial unit of its non-resident parent under an scheme of amalgamation, it is entitled to claim depreciation on the written down value of the fixed assets of the unit taken over by the assessee
RHONE-POULENC INDIA LTD. Vs CIT
(2014) TaxCorp(LJ) 3983 (HC-BOMBAY) · Income Tax - Sections 32, 34, 43, 256(1)
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Whether in case the amount has been invested by the assessee for purchase of the property, however, the legal title in the said property was not transferred to the assessee within a period of two years from the date of sale of the first property, exemption u/s 54 would be denied.
CIT. Vs. KULDEEP SINGH
(2014) TaxCorp(LJ) 3982 (HC-DELHI) · Income Tax - Section 54
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Whether when royalty is paid towards licence fee for manufacture and sale of products using the technical knowhow supplied by the foreign company, it is to be construed as revenue expenditure
CIT. Vs. HITECH ARAI LTD.
(2014) TaxCorp(LJ) 3981 (HC-MADRAS) · Income Tax - Sections 9(vii), 35AB, 37, 80HHC, 143
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Whether TDS obligation arises u/s 194-I or 194C in this case - 194C, rules ITAT
CIT (TDS) Vs. U.P.S.R.T.C.
(2014) TaxCorp(LJ) 3980 (HC-ALLAHABAD) · Income Tax – Sections 43(3), 194C, 194I, CBDT Circular no 681 of 1994
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Whether When the contract between the assessee and the contractor is for providing pick up and drop facilities to the employees of the assessee company, it attracts provisions of Sec 194I
CIT. (TDS) Vs. M/s BHARAT ELECTRONICS LTD.
(2014) TaxCorp(LJ) 3979 (HC-ALLAHABAD) · Income Tax - Sections 194C, 194I, 201(1A), 260
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Whether an exporter is eligible to claim deduction u/s 80HHC for deemed credit under CENVAT Incentive Scheme
CIT Vs M/s VALIANT GLASS WORKS PVT. LTD.
(2014) TaxCorp(LJ) 3978 (HC-BOMBAY) · Income Tax - Sections 28(iiia), 28(iiic), 80HHC, 143(3), 260A
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Whether when the Director of the assessee company buys and sells the property to the company at a price and later to improve the cash position of the company the assessee sells back the same to the Director at a loss, such a transaction is to be construed as a profit-reducing device.
KANAKLAXMI INVESTMENT PVT. LTD. Vs. DCIT
(2014) TaxCorp(LJ) 3977 (ITAT-MUMBAI) · Income Tax - Section 143(3)
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Whether in case an assessee has surrendered substantial income u/s 132(4) and paid the taxes thereon being part of the total surrender, provisions of penalty u/s 271AAA would automatically come into play.
ACIT. Vs. SUSHIL KUMAR GUPTA
(2014) TaxCorp(LJ) 3976 (ITAT-DELHI) · Income Tax - Sections 132, 142(1), 143(2), 158(1)(b), 271AAA
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Whether when the AO has accepted the rectified PAN furnished by the assessee even then diallowance u/s 40(a)(ia) is warranted
VIJAY SIDDHRAJ BASHTE Vs. ADDL. CIT
(2014) TaxCorp(LJ) 3975 (ITAT-PUNE) · Income Tax - Sections 40(a)(ia), 104C, 194C, 206AA(6)
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S. 147: If “reasons to believe” are not based on new, “tangible materials”, the reopening amounts to an impermissible review
Madhukar Khosla vs. ACIT
(2014) TaxCorp(LJ) 3974 (HC-DELHI) · Section 147
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S. 14A: For Rule 8D(2)(i) only expenditure relating to investments resulting in tax-free income can be considered. For Rule 8D(2)(iii) all investments, whether yielding tax-free income or not, have to be considered
Bellwether Microfinance Fund Pvt. Ltd vs. ITO
(2014) TaxCorp(LJ) 3973 (ITAT-HYDERABAD) · Section 14A
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S. 234E: High Court grants ad-interim stay against operation of notices levying fee for failure to file TDS statement
M/s Shree Builders vs. UOI
(2014) TaxCorp(LJ) 3972 (HC-MP) · Section 234E
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S. 14A & Rule 8D cannot be applied in a mechanical manner. Disallowance cannot exceed expenditure claimed as a deduction
ACIT vs. Iqbal M. Chagala
(2014) TaxCorp(LJ) 3723 (ITAT-MUMBAI) · Section 14A
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S. 14A/ Rule 8D: No disallowance can be made if there is no exempt income. Cheminvest (SB) & CBDT Circular are not good law
ACIT vs. M. Baskaran
(2014) TaxCorp(LJ) 3722 (ITAT-CHENNAI) · Section 14A
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Whether the levy of interest under the Act can be appealed against, being the compensatory and mandatory, except where the assessee limits himself to the ground that he is not liable to the levy at all.
NSDL E-GOVERNANCE INFRASTRUCTURE LTD., (FORMERLY KNOWN AS NATIONAL SECURITIES DEPOSITORY LTD.) Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3721 (ITAT-MUMBAI) · Income Tax - Sections 14A, 143, 154, 234D, 254
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