Weekly DT Digest

ITAT: Addition u/s 68 not sustainable for inability of donors to establish source

Chennai ITAT deletes the addition u/s. 68 for AY 2012-13 for the gifts received by assessee from husband

Jan 12,2018

HC: Allows indefinite carry forward for pre-2002 unabsorbed depreciation; Follows General Motors (Guj HC)

Delhi HC confirms ITAT order and allows carry forward and set-off of unabsorbed depreciation relating to AYs prior

Jan 12,2018

ITAT: Denies carry forward of unabsorbed depreciation u/s 72A; Amalgamating co not ‘industrial undertaking’

Bangalore ITAT rejects assessee's (amalgamated company) claim of carry forward of unabsorbed depreciation u/s. 72A for AY 2010-11,

Jan 12,2018

SC: Dismisses Revenue’s SLP against Delhi HC quashing re-assessment u/s 147 based on audit-report

SC dismisses Revenue’s SLP against Delhi HC quashing re-assessement proceedings u/s 147 in the case of Alcatel Lucent

Jan 12,2018

ITAT: Payment for IT outsourcing services under contract subject to TDS u/s. 194J, not Sec.194C

Ahmedabad ITAT holds that payment for  information technology (IT) related services rendered to assessee-company (manufacturer of rail coaches)

Jan 12,2018

HC: Legal representative liable to comply notice u/s 133(6) on behalf of deceased assessee

Karnataka HC dismisses petitioner’s (wife of a deceased assessee) writ challenging the notice issued u/s 133(6) on her

Jan 12,2018

SC: Dismisses Revenue’s SLP against HC quashing block assessment; Case transfer u/s127 prospective

SC dismisses Revenue’s SLP against Bombay HC quashing block assessment for the block period 1989-90 to 1999-2000; Bombay HC

Jan 12,2018

ITAT: No Sec. 195 TDS on reimbursement of spares purchased from US parent

Delhi ITAT rules that payment by assessee-company (engaged in importing computer hardware/ software from its AE and selling

Jan 12,2018

ITAT: Payment for self-imposed obligation vide Articles of Association, not income diversion

Mumbai ITAT denies deduction to assessee company for payment (of 0.5% of the total annual income) to a

Jan 05,2018

ITAT: Allows Sec. 80IA deduction for generation of steam power and cooling power

Mumbai ITAT allows Sec. 80IA deduction (available to power generation companies) to assessee-company for generation of steam power and

Jan 05,2018

Pages

Top