Editor's Pick

ITAT: Reckons property holding period from provisional allotment date, accepts LTCG-treatment

Kolkata ITAT rules that gains arising on sale of flats by assessee-individual during AY 2011-12 were assessable as

Aug 20,2018

ITAT: Quashes revision to deny Sec 10(23FB) exemption to real-estate VCF, Rejects SEBI-violation allegations

Mumbai ITAT allows exemption u/s. 10(23FB) to assessee (a registered Venture Capital Fund) in respect of income earned out

Aug 17,2018

ITAT: Grants India-Mauritius DTAA benefit on interest, accepts TRC for inferring beneficial ownership

Mumbai ITAT rules that interest income earned by HSBC Bank (Mauritius) Ltd. ('assessee') from investments in debt securities

Aug 17,2018

ITAT: 15% accumulation benefit not available on deemed income out of earlier accumulations

Bangalore ITAT denies assessee-trust's claim for AY 2009-10 to include unspent accumulated income of earlier AY while computing

Aug 16,2018

ITAT: 'Allotment date', not 'exercise date' relevant for Sec. 192 TDS on ESOP perquisite

Hyderabad ITAT holds that obligation for withholding tax u/s. 192 on ESOP perquisite arises upon allotment of shares by

Aug 06,2018

ITAT: Disallows Apple India's 'excess' warranty provision claim despite based on global policy

Bangalore ITAT rules in favour of Revenue, disallows Apple India's claim for warranty expenses provision to the extent

Aug 06,2018

ITAT: Rejects 'artificial' division between tax and surcharge in allowing MAT credit

Delhi ITAT rules on the stage at which deduction should be allowed for MAT credit available u/s. 115JAA, holds that

Aug 03,2018

HC: Non-compete fee to director, a deductible revenue expenditure; Distinguishes Sharp Business System ruling

Madras HC reverses ITAT order for AY 2000-01, Rejects Revenue's capital expenditure plea for non-compete fees paid by

Aug 03,2018

HC: No transfer upon entering into unregistered development agreement, Chaturbhuj Dwarkadas ruling inapplicable

Bombay HC upholds ITAT order in case of Mr. Fardeen Khan (assessee), rules that there was no transfer

Aug 02,2018

ITAT: Registered GPAs legalized 'un-registered' JDA, upholds capital-gains taxation; Distinguishes Balbir Singh Maini

Chennai ITAT upholds capital gains taxability for assessee-firm (land-owner) in AY 2013-14 i.e the year in which the unregistered

Jul 26,2018