Editor's Pick
ITAT: Deletes Sec. 271(1)(c) penalty as foundation for levy significantly altered by appellate authority
Ahmedabad ITAT quashes imposition of penalty u/s 271(1)(c) on assessee-individual for AY 2009-10, rules that “where the original basis
ITAT: Allows loss set-off; 51% voting power remained with same individuals, despite shareholding change
Mumbai ITAT allows set off of brought forward house property losses of AY 2009-10 and 2010-11 against income
HC: Sec. 12AA(3) doesn’t empower retrospective withdrawal of Trust registration, rejects Sinhagad ruling reliance
Allahabad HC rules that amended Sec. 12AA(3) does not authorize Commissioner to cancel charitable trust's registration from retrospective effect considering
SC: Advises unconditional apology but declines relief in contempt proceedings initiation against taxpayer /TRO
SC refuses to interfere with Bombay HC order directing initiation of civil and criminal contempt proceedings against the President
Taxsutra Eye Share : TDS on rent payments exceeding Rs.50k - A 360 degree analysis
Taxsutra Eye Share : TDS on rent payments exceeding Rs.50k - A 360 degree analysis
ITAT: Construes "residential house" to include furniture, notwithstanding two agreements; Allows Sec. 54 deduction
Ahmedabad ITAT allows assessee-individual’s claim of deduction u/s 54 in entirety for investing the capital gains in residential
ITAT: Reliance Communication's software payments for wireless network operation, not royalty under DTAA
Mumbai ITAT rules that payment by Reliance Communication Ltd. (‘assessee’) to non-resident vendors (based in Australia, Israel, Sweden,
ITAT: Interest on credit co-operative society's 'statutory deposits' eligible for Sec 80P deduction; Distinguishes SC ruling
Pune ITAT allows deduction u/s 80P(2)(a)(i) to an employee credit co-operative society (engaged in providing credit facilities to
ITAT: ‘Ex-gratia’ from employer for settling industrial dispute eligible for retrenchment compensation exemption u/s 10(10B)
Ahmedabad ITAT adopts pragmatic approach in interpreting 'public welfare' provisions, holds that the ex-gratia compensation received by assessee-employee
ITAT: Approves policyholders' and shareholders' account aggregation for computing insurance company income
Delhi ITAT rules in favour of Max Life Insurance Co. Ltd. (‘assessee’) for AY 2010-11, approves assessee’s action