Editor's Pick

AAR: ​Rules on 'loan fee' taxability under French treaty; Debt claims existence crucial

AAR rules that the ‘front-end fee’ payable by a customer in India, for appraisal of loan application carried

May 29,2018

ITAT: Rejects 'receipts-basis' taxation for advances received by land-owner under development agreement

Pune ITAT  accepts assessee’s (land owner) plea that advance received from developer towards flat booking shall not be taxable

May 29,2018

ITAT: Land-sale with staff quarters, LTCG despite depreciation claimed; Cites Buyer’s land-development intent

Mumbai ITAT accepts assessee-company’s claim of treating the gains arising on sale of land along with staff quarters

May 28,2018

ITAT: Marketing fees paid to US subsidiary for soliciting business not liable to Sec 195 TDS

Kolkata ITAT rules that assessee (an Indian BPO company) not liable to deduct TDS u/s. 195 on payment of market support fees

May 25,2018

ITAT: Explains law on determining jurisdictional ITAT bench upon change of AO's jurisdiction

Ahmedabad ITAT opines that location of AO, at the point of time when Tribunal hears and determines the

May 14,2018

ITAT: Expenditure on tangible assets for inhouse R&D facility deductible, exclusion u/s 43(4)(ii) inapplicable

Bangalore ITAT allows assessee-company’s claim of deduction u/s 35(1)(iv) r.w.s 35(2)(ia) for AY 2008-09 towards purchase of tangible

Apr 26,2018

SC: Criminal court's findings based on evidence can be relied upon in income-tax proceedings

SC dismisses Revenue's appeal for AY 1991-92 to 1993-94, upholds assessee's (an individual) claim that he acted merely

Apr 26,2018

SC: Upholds ICAI Guidance based lease rental bifurcation; Allows lease equalization charge deduction

SC upholds Delhi HC order for AY 1999-2000, allows deduction to assessee-company (‘lessor’) on account of lease equalization charges debited to P&L

Apr 26,2018

HC: Denies housing-project deduction, filling/levelling of earth started prior to 'specified date'

Allahabad HC reverses ITAT order and rules in favour of Revenue, denies deduction u/s. 80IA(5) / 80IB(10) to

Apr 11,2018

ITAT: Nissan's warranty reimbursement on exported cars, not FTS; Income source outside India

Chennai ITAT rules that reimbursement of warranty expenditure by Nissan Motor India P. Ltd. (assessee) to its group

Apr 03,2018