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
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
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
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
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
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
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
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
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
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