Editor's Pick

ITAT: Deduction u/s 10A(1) available despite belated return filing, dismisses Revenue's appeal

Bangalore ITAT allows Sec. 10A(1) deduction to assessee-individual for AY 2010-11 , holds that the proviso below Sec. 10A(1A)  which mandates

Sep 10,2018

HC: Sees no difficulty in STT recovery on delivery-based derivatives considering CBDT-communication

Bombay HC takes on record the CBDT communication of August 27th clarifying STT applicability on delivery-based derivative settlements, pursuant to

Sep 05,2018

ITAT: Political misuse apprehension no ground for not furnishing info; Confirms Sec. 272A Penalty

Delhi ITAT upholds levy of penalty u/s. 272A(1)( c) on Young Indian (assessee) for AY 2011-12 for non-furnishing

Aug 31,2018

ITAT: Denies deduction u/s. 35AB as Daimler Chrysler neither paid / allotted shares to know-how supplier

Pune ITAT denies assessee's claim for deduction u/s 35AB with respect to technical knowhow fee for AY 1998-99, holds that

Aug 31,2018

HC: Gratuity contribution for employees 'past services' under business take-over, deductible

Kerala HC reverses ITAT’s order, allows deduction u/s 36(1)(v) for LIC premium paid in order to indemnify the liability

Aug 30,2018

HC: Disagrees with Cochin & Nagpur ITAT-ruling allowing Sec. 80P benefit on unexplained cash-credit additions

Kerala HC expresses disagreement with Cochin ITAT ruling in The Kadakkarappally Service Co-op Bank and Nagpur ITAT ruling

Aug 29,2018

ITAT: Reckons property holding period from provisional allotment date, accepts LTCG-treatment

Kolkata ITAT rules that gains arising on sale of flats by assessee-individual during AY 2011-12 were assessable as

Aug 20,2018

ITAT: Quashes revision to deny Sec 10(23FB) exemption to real-estate VCF, Rejects SEBI-violation allegations

Mumbai ITAT allows exemption u/s. 10(23FB) to assessee (a registered Venture Capital Fund) in respect of income earned out

Aug 17,2018

ITAT: Grants India-Mauritius DTAA benefit on interest, accepts TRC for inferring beneficial ownership

Mumbai ITAT rules that interest income earned by HSBC Bank (Mauritius) Ltd. (‘assessee’) from investments in debt securities

Aug 17,2018

ITAT: 15% accumulation benefit not available on deemed income out of earlier accumulations

Bangalore ITAT denies assessee-trust's claim for AY 2009-10 to include unspent accumulated income of earlier AY while computing

Aug 16,2018