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Rulings

Jan 15,2018

Bengaluru ITAT directs Vodafone Mobile Services Ltd. (‘assessee’) to pay Rs. 5 Cr on or before January 31, 2018 and retain balance of another 20% (rounded off to Rs. 10

Jan 12,2018

Delhi ITAT upholds revision u/s 263 in order to tax gift received by assessee-HUF from mother of Karta (not member of HUF) u/s 56(2)(vii) for AY 2013-14; During relevant AY, assessee

Jan 12,2018

Jammu and Kashmir HC reverses ITAT order,  allows assessee-society’s (running two educational institutions) claim of exemption u/s 10(23C) for AY 2005-06 as the aggregate annual receipts for each institution did

Jan 12,2018

SC dismisses Revenue’s appeal against Delhi HC ruling holding that interest on Inter-Corporate Deposits (ICDs) which had become non-performing asset (NPA) in terms of RBI Prudential Norms, not taxable in

Jan 10,2018

Delhi ITAT upholds exemption claim u/s 11 to Moradabad Development Authority, rejects Revenue’s reliance on SLP dismissal against J&K HC ruling in Jammu Development Authority denying such exemption, remarks that

Jan 10,2018

Mumbai ITAT deletes TP-adjustment on assessee's sale of shares of group company (FAPL) to another AE based in Singapore for AY 2012-13, rejects price determined by DRP/TPO at Rs. 12,285.92

Jan 10,2018

Bombay HC dismisses Sinhgad Technical Education Society's writ,  directs initiation of civil and criminal contempt proceedings against the President of assessee-society Prof. M.N. Navale as also against the Tax Recovery Officer (‘TRO’) for

Jan 09,2018

​​Pune ITAT allows deduction u/s 80P(2)(a)(i) to​ ​​an employee credit co-operative society (engaged in providing credit facilities to ​employees of a nationalized bank​) on interest income earned from ​fixed deposits

Jan 09,2018

Ahmedabad ITAT adopts pragmatic approach in interpreting 'public welfare' provisions, ​holds that the ex-gratia compensation received by assessee-employee during AY 2008-09 in terms of settlement with the employer amounts to

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