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District Court : Convicts assessee & directors u/s 276C/D, penalty deletion on technical ground not savior

Delhi District Court convicts assessee-company and its directors  u/s. 276C / 276D for willful attempt to evade tax by underreporting

Jun 26,2018

ITAT: Capital-gains to Singaporean Co. from trading in Indian securities, non-taxable; LOB clause inapplicable

Mumbai ITAT rules that capital gains of Rs. 455.70 Cr. arising to assessee-company (a tax resident of Singapore),

Jun 22,2018

ITAT: Rejects ‘exempt’ demerger plea, however deletes capital-gains addition absent monetary consideration

Kolkata ITAT dismisses Revenue’s appeal for AY 2009-10, deletes long term capital gains (‘LTCG’) addition u/s. 50B, made

Jun 22,2018

ITAT: Trade advance driven by commercial consideration, not deemed dividend; Applies 2017 CBDT-circular

Chennai ITAT confirms CIT(A) order, rejects deemed dividend addition u/s. 2(22)(e) in hands of assessee-individual during AY 2014-15,

Jun 19,2018

HC: Insists Tax Clearance Certificate before director leaving country, considering Rs. 400 cr. demand raised u/s. 179

Kerala HC sets aside order u/s. 179 holding assessee-individual jointly and severally liable for payment of tax and penalty

Jun 18,2018

ITAT: Deletes unexplained cash credit addition as assessee not maintaining books of accounts

Delhi ITAT deletes addition u/s 68 [dealing with unexplained cash credits] in respect of cash deposited in the

Jun 14,2018

ITAT: Conducting ‘training’, providing CRS access to Marriott Hotels, not FTS for Dutch affiliate

Mumbai ITAT rules that consideration received by assessee (a Dutch company, part of the Marriott group) for the

Jun 12,2018

ITAT: Executive search fees independent of trademark license fees, rejects FTS-taxability; Cites APA

Mumbai ITAT holds that Executive Search Services fees (‘ESF’) received by assessee (a Dutch company) not taxable as

Jun 06,2018

ITAT: No TDS on assessee's UK Branch payments towards advertisement/consultancy charges to NR

Mumbai ITAT rejects applicability of TDS u/s 195 on payment of advertisement expenses and professional and consultancy fees

Jun 05,2018

ITAT: Deletes Rs. 3200 cr. addition, Department erred in invoking ‘indirect transfer’ provision for resident

Mumbai ITAT deletes over Rs. 3,200 cr. capital gains addition made by AO invoking Explanation 5 to Sec.

Jun 04,2018

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