Editor's Pick

SC: Dismisses taxpayer's SLP; Surrender of 'Floor Area Ratio' liable to capital gains

SC dismisses assessee’s SLP against Karnataka HC judgement; HC had held that surrender of Floor Area Ratio (‘FAR’)

Apr 19,2016

HC: Upfront payment for winning 99 years lease not rent u/s 194I, TDS inapplicable

Madras HC rules that payment of over Rs. 1400 cr by assessee (a JV company) to TIDCO  ( Tamil Nadu Industrial

Apr 19,2016

HC: Dismisses writ petition in foreign asset reassesment case; Assessee's conduct not forthcoming

Bombay HC refuses to exercise writ jurisdiction in case of reopening of assessment of a non-resident assessee for

Apr 18,2016

HC: Allows exemption to Trust letting-out premises to education institute; Sec. 2(15)-proviso inapplicable

HC confirms ITAT order setting aside cancellation of assessee-trust’s registration u/s 12A for AY 2009-10, holds that letting

Apr 15,2016

SC to examine carbon-credits' income taxability; Admits Revenue's SLP against AP-HC ruling

SC admits Revenue's SLP against Andhra Pradesh HC judgement in the case of My Home Power Ltd. wherein

Apr 15,2016

ITAT: Order u/s 195(2) non-appealable, dismisses assessee's appeal for want of jurisdiction

Bangalore ITAT dismisses assessee’s appeal challenging order passed u/s 195(2) in respect of payment towards reimbursement ofdevelopment cost to foreign shareholders for AY

Apr 14,2016

ITAT: Compensation received pre-2003 for termination of trademark user agreement non-taxable capital receipt

Chandigarh ITAT confirms CIT(A) order, compensation received during AY 1997-98 for termination of agreement to use trademarks "Eno"

Apr 14,2016

ITAT: Allows STCL on assignment of loan; Advance to subsidiary “capital asset” u/s2(14)

Mumbai ITAT reverses CIT(A) order, allows assessee’s (a non-resident Company) claim of short term capital loss on assignment

Apr 13,2016

ITAT: Disallows professional fees for common director's double role; Dismisses "different hats" argument

Mumbai ITAT dismisses assessee’s  appeal, upholds disallowance of professional fees paid to a Swiss company (Preroy AG/PAG) u/s

Apr 11,2016

SC: Reverses HC; Allows Sec 80HHC deduction to exporter on incentive-payments from export-houses

SC sets-aside Madras HC order, allows Sec 80HHC deduction on services charges / incentive payments received by assessee (marine

Mar 31,2016