Editor's Pick

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

ITAT: Consideration by partner on relinquishment of share, not ‘receipt without adequate consideration’ u/s. 56(2)

Pune ITAT holds that amount of Rs. 21.53 crs received by assessee (a partner in firm) for surrender

Dec 22,2017

HC: Upholds grossing-up of foreign nationals’ salary u/s. 195A for tax borne by Indian agent

Kerala HC rules on Indian taxability of salary income earned by foreign nationals who were employees of the

Dec 21,2017

HC: Channel placement fees and subtitling charges subject to TDS u/s 194C, not Sec. 194J

Bombay HC dismisses Revenue's appeal, holds that carriage fees or placement fees paid by assessee (engaged in broadcasting television channels)

Nov 16,2017

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