Editor's Pick

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

Feb 13,2018

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

Feb 13,2018

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

Feb 12,2018

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,

Feb 08,2018

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

Jan 09,2018

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

Jan 09,2018

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

Jan 09,2018

ITAT: Denies Sec. 80IA deduction on Sales-tax subsidy absent direct nexus; Distinguishes Meghalaya Steels (SC)

Pune ITAT rejects assessee's claim of deduction u/s 80IA on sales tax subsidy received from State Government as

Jan 08,2018

HC: Reverses ITAT; Accrued FD interest not hypothetical income, TDS non-deduction u/s 194A irrelevant

Kerala HC reverses ITAT order for AY 2009-10, rules that interest income from bank deposits accrued but not

Jan 04,2018

ITAT: Biocon’s R&D subsidiary rendered ‘services’, met formative conditions, eligible for SEZ incentive u/s 10AA

Bengaluru ITAT allows Sec. 10AA tax holiday to Biocon Research Ltd. (assessee, a subsidiary of Biocon Ltd and

Dec 22,2017