Editor's Pick

ITAT: Sec 40(a)(i) disallowance provision cannot be read into Mauritius treaty while computing PE profits

Delhi ITAT rejects AO’s invocation of Sec. 40(a)(i) disallowance for non-deduction of TDS on salaries paid by assessee

Oct 10,2018

ITAT: Co-op. Society's rental income from mobile towers, house property income, not IFOS

Mumbai ITAT accepts assessee co-operative society’s claim of treating income from letting out space on the building terrace

Oct 10,2018

HC: Upholds penalty; Sale & lease back transaction, 'hurriedly planned act' to claim 100% depreciation

Madras HC upholds penalty levy with respect to depreciation disallowance on machinery for AY 1996-97, holds that assessee-lessor

Oct 09,2018

ITAT: Deletes penalty levied for belated E-TDS returns filing; Grants immunity citing ‘technical glitch’

Mumbai ITAT deletes penalty levied u/s 272A(2)(k) for belated filing of TDS returns/statements by BCCI (assessee) during AY

Oct 08,2018

HC: Imposes Rs. 1.5 lakh cost on Revenue officer for raising demand without valid notice to assessee

Bombay HC imposes cost of Rs. 1.5 lakh on Revenue officials for irreverently adjusting refund due to assessee

Oct 08,2018

HC: Upholds prosecution proceedings initiation; Assessee to prove 'no willful default’ during Trial

Jammu & Kashmir HC dismisses assessee’s writ, upholds prosecution proceedings  initiation u/s 276-C/277 against assessee-individual (proprietor of a

Oct 03,2018

HC: Rejects petitioner’s interim prayer for submitting returns without Sec. 234A interest payment

Kerala HC rejects petitioner’s interim prayer to submit returns within the extended due-date of October 15th without insistence of

Oct 02,2018

HC: Holds PILCOM as agent of foreign Cricket Boards regarding 1996 World Cup receipts

Calcutta HC reverses ITAT order and rules in favour of Revenue for AY 1996-97, holds PILCOM as agent

Sep 28,2018

ITAT: Grants pro-rata Sec. 80IB benefit as conditions violated only with respect to 2 flats

Pune ITAT allows Sec 80IB(10) deduction to assessee-developer for AY 2012-13 on pro-rata basis, considering violation of Sec 80IB(10)(f)

Sep 28,2018

ITAT: Interprets ‘may’ u/s 50C(2); No discretion to AO on referring valuation to DVO

Chennai ITAT rejects AO’s claim that since Sec. 50C(2) has used the expression “may”, it was not compulsory

Sep 24,2018