Weekly DT Digest
Chennai ITAT rules that gains arising on sale of mortgaged property, taxable as capital gains in assessee’s hands
Chennai ITAT denies assessee's (an NBFC) claim of deduction with respect to 20% profits transferred to Statutory Reserve
Visakhapatnam ITAT rules that payment to contractors by assessee (a sugar manufacturing company), on behalf of farmers, for
Delhi HC sets aside ITAT order, holds satisfaction recorded by AO against assessee-company for the purpose of Sec.
Bombay HC allows assessee’s (a non-resident) writ, holds that reopening notice issued u/s 148 for AY 2009-10 was
Delhi ITAT holds that income arising to assessee (a co-operative housing society governed by the principle of mutuality),
SC declines to interfere in Revenue’s appeal against challenging Delhi HC order in the case of NTPC Ltd.
HC: Dismisses writ; Empowers ITAT to call for records / file in connection with transfer-order u/s 127
Delhi HC dismisses Revenue’s writ, upholds ITAT’s power to direct production of file u/s 124 (relating to jurisdiction
Kolkata ITAT holds that software payments by assessee to a Singaporean company, not royalty under Article 12(3) of
Madras HC upholds ITAT order, rules that capital gains should be excluded while computing book profits for the