Editor's Pick

ITAT: 'Strengthening' of existing road not 'widening'; Denies relief u/s 80IA(4) for highway project

Bangalore ITAT rules that strengthening and maintaining of the existing road would not come within the purview of

Dec 04,2018

ITAT: No TDS obligation on royalty towards 'bundled software' until license key activation

Ahmedabad ITAT deletes disallowance u/s 40(a)(i) for TDS non-deduction on provision for liability in respect of royalty payable

Nov 23,2018

ITAT: NRI's Swiss bank deposits, non-taxable sans AO establishing nexus with India sourced income

Mumbai ITAT deletes addition u/s. 68/69 in hands of assessee-individual (a non-resident) relating to deposits found in HSBC

Nov 22,2018

HC: Upholds penalty levy u/s. 271C on deductor-Bank despite TDS deducted & deposited before year closing

Allahabad HC upholds ITAT order, rules that deduction of TDS on interest income before close of the financial

Nov 22,2018

HC: Upholds ITAT; Undertaking's Sec. 10B claim not affected by change in ownership / merger

Karnataka HC upholds ITAT order allowing Sec.10B deduction to assessee-firm (a 100% EOU) for AY 2009-10, clarifies that

Nov 21,2018

ITAT: Deletes Rs.598 Cr. addition; Hefty share-premium no ground to doubt transaction genuineness u/s. 68

Mumbai ITAT upholds CIT(A)'s order, deletes Sec. 68 addition on account of share premium of Rs. 598.44 cr.

Nov 20,2018

ITAT: Dismisses cross-objection as issue not agitated before lower authorities

Delhi ITAT dismisses assessee's (a manufacturer of consumer products) cross objection (CO) for AY 1998-99 since the issue

Nov 19,2018

ITAT: Compensation received by Sushmita Sen for allegedly being sexually harassed, not taxable

Mumbai ITAT rules that compensation of Rs. 95 lacs received by Sushmita Sen (assessee, a film actress) from

Nov 17,2018

ITAT: Upholds reassessment absent assessee's HO expense apportionment disclosure for Sec 80IA computation

Jaipur ITAT upholds re-assessment for AY 2010-11 (initiated beyond 4 yrs period) as no disclosure was made by

Nov 16,2018

ITAT: Reckons ESOP holding period from grant date where shares bought back without exercise

Bangalore ITAT accepts assessee-employee's computation of period of holding of ESOPs bought back by employer from the date

Nov 06,2018