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Rulings

Apr 03,2017

Mumbai ITAT rejects house rent allowance (‘HRA’) exemption u/s 10(13A) claimed by assessee-individual (a chartered accountant) for AYs 2009-10, 2010-11 and 2011-12, holds the entire arrangement of rent payment by

Apr 03,2017

Delhi HC allows assessee-company’s writ, directs Revenue to grant credit of advance tax paid and TDS deducted against the tax payable under the Income Declaration Scheme, 2016 (‘IDS’); HC notes

Mar 31,2017

Delhi HC sets-aside AO’s order on stay of demand to the extent it reviewed the previous order in case of assessee (Telenor (India) Communications Pvt. Ltd.) for AY 2014-15; AO had originally granted

Mar 30,2017

SC dismisses assessee’s SLP against Gujarat HC judgement upholding validity of block assessment proceedings u/s. 158BD; SC notes that search warrant u/s. 132 was issued on a dead person and

Mar 30,2017

Madhya Pradesh HC dismisses assessee’s writ, approves adjustment u/s. 245 of Rs. 900 cr. refund for AY 2012-13 against demand for subsequent AYs 2013-14 & 2014-15; Rejects assessee’s stand that

Mar 30,2017

Madras HC grants exemption u/s 10(10B) on VRS payment receivable by employees of  Hindustan Photo Film Manufacturing company Ltd. (‘HPF’)], thus holds that payment is not subject to TDS; HPF, a wholly owned

Mar 29,2017

SC confirms Delhi HC decision for AY 1996-97, "premium" collected  by  assessee on  its  subscribed share capital doesn’t constitute “capital employed in the business of  the  Company"  for computing deduction

Mar 28,2017

SC dismisses assessee’s (lessee) appeal, holds that assessee -Company wasn’t entitled to depreciation on hospital building u/s 32 absent ownership for AY 1992-93; Pursuant to an agreement between the assessee

Mar 25,2017

Delhi HC larger bench rules that words ‘the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner’ occurring in Sec 260A(2)(a) (relating to limitation period for filing appeal before HC)

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