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Rulings

Jan 11,2017

Ahmedabad ITAT dismisses Revenue’s appeal for AY 2013-14, payment towards IT support services by assessee (an Indian company) to its associated enterprise (‘AE’) in Canada not taxable as royalty under

Jan 11,2017

Ahmedabad ITAT allows foreign tax credit (‘FTC’) claimed by assessee (an Indian company engaged in software development) in respect of taxes withheld in Singapore and Indonesia on receipt from software

Jan 10,2017

Panaji ITAT Special Bench (‘SB’) holds that adjudication upon maintainability of appeal before ITAT u/s 253 against CIT(A)’s refusal to grant interim stay of demand in the facts of the

Jan 06,2017

Kerala HC reverses ITAT order for AYs 1999-00 and 2003-04, allows assessee’s (a public limited company) claim of amortisation of expenditure incurred in connection with rights issue of shares u/s 35D(2)(c)(iv); HC notes that  assessee had offered

Jan 06,2017

Ahmedabad ITAT deletes disallowance u/s 14A read with Rule 8D, holds that the approach of lower authorities to attribute part of interest to investment yielding tax exempt income was incorrect considering that the

Jan 05,2017

Delhi HC upholds assessee's claim for deduction of advertisement and promotion expenses incurred towards enhancement of brands owned by its foreign parent-company as business expenditure; AO had disallowed part of the expenditure

Jan 05,2017

SC upholds deemed dividend addition u/s 2(22)(e) on assessee-HUF for AY 2006-07 with respect to loan/advances received from one concern (in which it beneficially held more than 10% share-capital); Rejects

Jan 04,2017

Gauhati HC sets aside ITAT order for AY 2001-02, transport subsidy received by assessee (an industrial undertaking) under Government scheme to boost industrial growth in north-eastern region constitutes a non-taxable

Jan 04,2017

Delhi HC dismisses Revenue’s appeal for AY 2008-09, grants deduction u/s 10B to assessee (EOU) on exports made through its sister concern; Rejects Revenue’s submissions that assessee wasn’t qualified to avail

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