Editor's Pick

ITAT: No PE trigger for UAE Co. undertaking 'grouting' masonry work in India

Delhi ITAT rules that there is no PE of assessee (a UAE co. engaged in providing solutions for

Dec 26,2018

HC: Upholds CIT's probe u/s. 263 into Singaporean co.'s Rs. 100 cr. contract revenue from Cairn India

Uttarakhand HC upholds invocation of CIT's revisionary jurisdiction u/s. 263 in case of assessee (a Singaporean co. engaged

Dec 26,2018

ITAT: Service of notice on accountant unless authorized, improper; Quashes re-assessment

Ahmedabad ITAT quashes reassessment u/s. 147 for AY 2006-07 on assessees (partners in a firm) absent valid service

Dec 24,2018

HC: Upholds Sec. 263-order ; Condemns AO's 'slipshod' acceptance of books despite huge surrender in survey

Punjab & Haryana HC reverses ITAT order, upholds CIT's revisionary order u/s. 263 resulting in enhancement of assessee's

Dec 18,2018

ITAT: Rejects taxability u/s. 56(2)(vii)(c) for share allotment under 'rights issue' in family owned company

Visakhapatnam ITAT rejects taxability u/s. 56(2)(vii)(c) in the hands of assessee-individual for share allotment under 'rights issue' in

Dec 17,2018

ITAT: TDS rate under Japan DTAA not to be topped with surcharge, education cess

Ahmedabad ITAT rules that assessee was liable to deduct the TDS without including the surcharge, education cess on

Dec 17,2018

HC: Reverses ITAT; Telecommunication services provided by BSNL's EPABX franchisee eligible for Sec.80IA(4) benefit

Madras HC reverses ITAT order, allows Sec.80IA(4)(ii) benefit to assessee-company [an authorized GEPABX (Group Electronic Private Automated Branch

Dec 17,2018

ITAT: Quashes Sec. 263-order, AO's acceptance of fictitious capex & bogus shares nexus, 'permissible view'

Mumbai ITAT quashes revision u/s 263 made by Pr.CIT on the grounds that there was no nexus between

Dec 07,2018

ITAT: Rejects 'improper notice service plea' citing authorised representative's 'no objection' before AO

Pune ITAT rules that service of notice u/s. 143(2) on the manager of assessee-firm and not partners, would

Dec 06,2018

ITAT: Allows ICC sponsorship fees; Benefit to group companies irrelevant for Sec. 37(1) deduction

Delhi ITAT allows deduction u/s. 37(1) to PepsiCo India (assessee) for sponsorship fees paid to ICC during AY

Dec 05,2018