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Rulings

May 25,2017

Delhi ITAT grants stay of penalty proceedings pending disposal of quantum appellate proceedings before it in case of Oracle India Pvt. Ltd. for AYs 2006-07 and 2007-08; Firstly, ITAT relies on plethora

May 25,2017

Delhi HC approves ITAT order allowing Sec. 10A deduction to Amadeus India (assessee, a 100% EOU engaged in rendering ITeS data processing services to Amadeus Spain) for AY 2009-10, notes

May 24,2017

Ahmedabad ITAT upholds unexplained cash credit addition u/s 68 in case of an individual-assessee for AY 2007-08 with respect to receipt of unsecured loans; AO reopened assessee’s case and made

May 24,2017

Chennai ITAT rules that land-transfer shall be taxable in the year of entering into the Joint Development Agreement (‘JDA’) and not in relevant AY 2011-12 (when constructed area was transferred),

May 20,2017

Delhi HC dismisses assessee’s writ petition (assessee being a US company having an India branch which is engaged in contract research activities) against CIT's rejection of interest waiver application u/s

May 19,2017

Mumbai ITAT rules that amount received by assessee ( a US company engaged in grading and certification of diamonds) on account of reimbursement of travel expenses, group health insurance and other

May 19,2017

Madras HC upholds ITAT order for AY 1998-99, holds that while computing 'eligible profit' for allowing deduction u/s 80HHD(1) (available to companies running hotels) loss from ineligible units/hotels cannot be

May 18,2017

Chennai ITAT grants Sec. 10A exemption to assessee (a software company) for AYs 2010-11 and 2011-12 with respect to software exported by assessee; Rejects Revenue’s stand that assessee was not

May 17,2017

Bangalore ITAT denies Sec. 80IB(10) deduction to assessee-builder for AY 2011-12 on account of violation of condition under clause (f) i.e. allotment of more than one residential unit to same

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