Weekly DT Digest

HC: Payment by Hospital to retainer doctors , professional fees and not salary

Rajasthan HC reverses ITAT order, holds that payments made by  assessee (running a Hospital) to retainer doctors are

Oct 27,2017

HC: Upholds ITAT order; Gains on sale of industrial gala, short term u/s. 50

Bombay HC upholds ITAT order for AY 1991-92 holding that even in a case where there is evidence

Oct 27,2017

ITAT: Denies Sec. 11 exemption noting assessee-trust involved in commercial activities

Kolkata ITAT upholds AO’s order denying exemption u/s. 11 to assessee-trust, holds assessee's case hit by proviso to

Oct 27,2017

HC: Directs ITSC to consider settlement application on merits for 'comprehensive' examination of matter

Delhi HC quashes rejection of assessee’s settlement application before ITSC, directs ITSC to consider assessee's application on merits; Holds

Oct 18,2017

ITAT: Reckons property holding period from date of sale-deed, not allotment letter

Mumbai ITAT reckons holding period of the property from the day on which the assessee got right over

Oct 18,2017

HC: No Sec. 194J TDS on payments by Bus stand management authority to State corporation

Himachal Pradesh HC upholds ITAT order holding that payments in the nature of salary reimbursements by assessee i.e.

Oct 18,2017

ITAT: Considers Indian traditions, grants partial relief for ornaments received by relatives sans evidence

Mumbai ITAT grants partial relief to assessee (a married Muslim woman)  pursuant to investment made in Fixed deposits from

Oct 18,2017

ITAT: Sec 54B capital gains relief available though new property purchased without registration

Chandigarh ITAT allows benefit of deduction u/s 54B against capital gains earned on sale of agricultural land ​to

Oct 13,2017

ITAT: Allows interest-deduction of closed units to operational unit in light of pending winding-up proceedings

Delhi ITAT allows assessee-company’s ( a PSU) claim of interest expenditure for AY 2009-10 payable on working capital

Oct 13,2017

ITAT: Rejects AO's backdoor entry to initiate re-assessment taking shelter of Sec 150's extended timeline

Jaipur ITAT quashes AO’s order for AY 2001-02, on grounds of initiation of proceedings against assessee (non-resident Indian)

Oct 13,2017

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