Editor's Pick

ITAT: Explains law on determining jurisdictional ITAT bench upon change of AO's jurisdiction

Ahmedabad ITAT opines that location of AO, at the point of time when Tribunal hears and determines the

May 14,2018

ITAT: Expenditure on tangible assets for inhouse R&D facility deductible, exclusion u/s 43(4)(ii) inapplicable

Bangalore ITAT allows assessee-company’s claim of deduction u/s 35(1)(iv) r.w.s 35(2)(ia) for AY 2008-09 towards purchase of tangible

Apr 26,2018

SC: Criminal court's findings based on evidence can be relied upon in income-tax proceedings

SC dismisses Revenue's appeal for AY 1991-92 to 1993-94, upholds assessee's (an individual) claim that he acted merely

Apr 26,2018

SC: Upholds ICAI Guidance based lease rental bifurcation; Allows lease equalization charge deduction

SC upholds Delhi HC order for AY 1999-2000, allows deduction to assessee-company (‘lessor’) on account of lease equalization charges debited to P&L

Apr 26,2018

HC: Denies housing-project deduction, filling/levelling of earth started prior to 'specified date'

Allahabad HC reverses ITAT order and rules in favour of Revenue, denies deduction u/s. 80IA(5) / 80IB(10) to

Apr 11,2018

ITAT: Nissan's warranty reimbursement on exported cars, not FTS; Income source outside India

Chennai ITAT rules that reimbursement of warranty expenditure by Nissan Motor India P. Ltd. (assessee) to its group

Apr 03,2018

HC: Condones delay in filing return due to delay in obtaining tax-audit report

Madras HC allows assessee-company’s writ, condones 37 days delay in filing income tax return for AY 2014-15 owing

Mar 30,2018

SC: Re-assessment initiation based on PE allegation not sustainable once arm's-length threshold met

SC allows Honda Motor’s (a Japanese company) appeal and sets aside Allahabad HC ruling, quashes issuance of re-assessment

Mar 20,2018

HC: Confirms Revenue's initiation of special audit on Nokia; Dismisses time-barred assessment plea

Delhi HC dismisses Nokia's writ petition, confirms Revenue's initiation of Special Audit u/s 142(2A) and rejects assessee's contention

Mar 15,2018

HC: Honourarium to staff/doctors necessary for decent hospital, quashes Sec. 10(23C) exemption denial

Bombay HC sets aside CCIT’s order rejecting assessee-society’s (running a hospital providing medical facilities at subsidized rates) application for grant/continuation

Mar 13,2018