Editor's Pick

HC: Delhi HC strikes down several ICDS standards as ultra-vires; Can't overrule binding judicial precedents

Delhi HC, in order to preserve constitutionality of ICDS, reads down Sec.145 (2) of Income tax Act, restricts

Nov 08,2017

ITAT: Crediting Partner's capital account towards revaluation of firm's assets & subsequent withdrawal, impermissible

Chennai ITAT denies deduction to assessee-company (formed on conversion of a partnership firm) with respect to interest (premium) on debentures

Nov 06,2017

ITAT: Upholds deemed dividend taxability; Taxpayer camouflaged ‘advance’ as ‘commercial transaction’

Bangalore ITAT upholds deemed dividend addition u/s. 2(22)(e) in hands of assessee-individual for AY 2013-14, with respect to

Nov 06,2017

ITAT: Bonus shares acquire character of original shares, concessional tax rate u/s 115E applicable

Hyderabad ITAT grants concessional rate of tax of 10% u/s 115E on long term capital gains (LTCG) earned

Nov 02,2017

ITAT: Routing management charges as reimbursement through holding company cannot absolve TDS-liability

Bangalore ITAT reverses CIT(A) order, upholds disallowance u/s 40(a)(ia) citing failure of assessee to deduct tax at source

Nov 02,2017

ITAT: Software payment, not royalty; Reliance on favourable HC-ruling permissible absent jurisdictional HC-ruling

Chennai ITAT holds that payment made by assessee-company to its parent in Italy towards software licenses purchase during

Nov 02,2017

ITAT: Allows Sec. 80IB(3) deduction despite ceasing to be SSI-unit, differs from co-ordinate bench

Pune ITAT grants SSI (Small Scale Industry) status linked deduction u/s.80IB(3)(ii), despite assessee-company ceases to be a SSI

Oct 24,2017

Ahmedabad ITAT’s trailblazing go-green initiative aims at 'paperless' court

Ahmedabad ITAT initiates series of steps on an experimental basis with immediate effect, as part of its go-green initiative, invites

Oct 18,2017

ITAT: Share broker's loss on shares held as investments, a 'speculation loss’, not STCL

Mumbai ITAT treats loss suffered by assessee-company (engaged in share broking business) on sale of shares held by

Oct 16,2017

ITAT: Holds Star India as an independent agent, not PE for Dutch counterpart

Mumbai ITAT holds that assessee’s (a Dutch company and part of STAR group) Indian group company [STAR India Pvt Ltd.(‘SIPL’)]

Aug 21,2017