Editor's Pick

ITAT: ITAT SB : Sec 50C applicable to depreciable assets

Sec 50C applicable on transfer of depreciable assets covered u/s 50: Mumbai Special bench of ITAT

Apr 28,2011

HC:  Sec 195/197 certificate tentative in nature

 Sec 195/197 certificate tentative in nature


Apr 26,2011

HC:  Karnataka HC follows Vodafone decision in Sesa Goa  

Karnataka HC follows Vodafone decision in Sesa Goa, says IT dept can lift corporate veil to look into real nature

Apr 20,2011

HC: Loss on exchange traded derivative speculative

Pre-2005 ‘exchange traded derivative’ transactions ‘speculative’ in nature: Bombay High court


Apr 19,2011

ITAT: Disallowance u/s 14A on net interest expense and not gross interest  

Sec 14A disallowance to be calculated on net interest as per P&L account and to be calculated based on average

Apr 14,2011

HC: Delhi HC Full bench rules on house property income in case of Interest-free deposit

Notional interest on interest-free security deposit received from tenant not to be added in determining fair rental value of house

Apr 01,2011

AAR: AAR re-affirms Azadi Bachao ratio in Quipp​o deal

Mauritius entity with tax residency certificate entitled to capital gains exemption under India - Mauritius DTAA: AAR

Mar 30,2011

HC: HC upholds Kolkata ITAT ruling in R.P.G. on explanation to sec 73

Loss from delivery based share transactions deemed as speculation loss; Legal fiction under explanation to Sec 73 applied: Calcutta HC

Mar 18,2011