Jun 12,2017

Bangalore ITAT upholds expense disallowance u/s. 14A, however, directs that business income increased by the amount of disallowance, should be considered for computing deduction u/s. 10A in case of assessee

Jun 10,2017

SC dismisses assessee’s [Honda Siel Cars India Ltd., formed as a Joint Venture (‘JV’) Company between HMCL, Japan and SEIL Ltd. (an Indian Company)] appeal challenging Allahabad HC order, payment

Jun 09,2017

Black money menace & corruption weighs heavily on Apex Court's mind as a division bench upholds constitutional validity of Sec. 139AA of Income tax Act, that mandates compulsory quoting of

Jun 08,2017

Bombay HC dismisses assessee-individual’s (engaged in business of developing properties) writ, upholds attachment and sale of residential bungalow, allows special civil application by the intervener (auction-purchaser , who participated in

Jun 07,2017

Delhi HC allows assessee's [successor to India Cellular Towers Infrastructure Ltd. (‘ICTIL’), a telecom company] writ, quashes reassessment proceedings for AY 2009-10 on the ground of delay in issuing notice u/s.

Jun 06,2017

Delhi ITAT allows business loss deduction u/s. 28 to assessee-company (engaged in the business of software development and sale of software products) in AY 2009-10 for write-off of software development

Jun 05,2017

Ahmedabad ITAT dismisses Revenue’s appeal for AYs 2005-06 and 2006-07, challenging CIT(A)’s order, who had deleted the penalty levied u/s 271(1)(c) by AO on the ground that related quantum disallowance

Jun 05,2017

Delhi ITAT disallows assessee’s claim for deduction on account of marked to market (MTM) losses on foreign exchange forward contract for hedging export receivables from related entity, distinguishes SC ruling

Jun 02,2017

Ahmedabad ITAT holds assessee-company in default u/s 201 for non-deduction of TDS u/s. 195 on payment to a German company for sharing SOPs (Standard Operating Procedures), rules that payment constitutes