Weekly DT Digest

ITAT: Allows exemption u/s 54F for jointly held property

Chennai ITAT allows exemption from capital gains u/s 54F to the assessee for AY 2009-10 where the property

Dec 28,2018

ITAT: Deletes fees levied u/s 234E for period prior to June 1, 2015

Indore ITAT deletes the fees levied u/s 234E for delay in filing TDS statements for period prior to

Dec 28,2018

ITAT: No TDS u/s 194-I on demurrage charges paid to foreign company

Rajkot ITAT holds that no tax was deductible u/s 194-I on demurrage charges paid to foreign company for

Dec 28,2018

ITAT: Deletes Sec.40(a)(ia) disallowance on commission to retailers/dealers by distributors on behalf of Idea-Cellular

Jaipur ITAT deletes addition u/s 40a(ia) on individual-assessee (distributor of Idea Cellular Limited) with respect to commission paid

Dec 28,2018

ITAT: UK company's telecom services to VSNL, not royalty; LO in India, not PE

Mumbai ITAT holds that assessee-company (non-resident incorporated in UK) engaged in the business of providing telecommunication services to

Dec 21,2018

HC: Dismisses Revenue appeal; Retention of partial VAT on behalf of Government, not ‘real’ income

Himachal Pradesh HC dismisses Revenue’s appeal, rules that the retention of a part of the VAT collected by

Dec 21,2018

ITAT: Taxpayer entitled for MAT credit including surcharge & cess

Pune ITAT rules that assessee is entitled to MAT credit including surcharge and cess for AY 2012-13; Relies

Dec 21,2018

ITAT: ROC fees for increase in authorized share capital, not deductible u/s 35D being ‘capital ‘ in nature

Delhi ITAT disallows ROC fees paid by assessee-company for AY 2012-13 in relation to increase in authorised share

Dec 21,2018

ITAT: Quashes reassessment post SC-order holding reassessment notice alleging PE as unsustainable

Delhi ITAT quashes reassessment order for Honda Motor Co for AYs 2005-06 and 2006-07 pursuant to SC ruling

Dec 21,2018

ITAT: Allows profit exclusion from MAT till AY in which sick company's net-worth becomes positive

Rajkot ITAT rejects Revenue’s appeal , allows exclusion of profits of assessee (sick company) from computation of book

Dec 14,2018