Apr 02,2018

SC dismisses Revenue’s SLP against Delhi HC judgement allowing Sec. 80HHE deduction to New Delhi Television Ltd. ('NDTV', assessee) for AY 1999-00; HC had observed that television news software exported

Mar 30,2018

Madras HC allows assessee-company’s writ, condones 37 days delay in filing income tax return for AY 2014-15 owing to the delay in carrying out tax audit; Notes that assessee’s tax

Mar 29,2018

Chandigarh ITAT allows Sec. 80IC deduction to assessee-company (running a hotel in Himachal Pradesh under the Eco-tourism project) for AY 2007-08 on account of ‘substantial expansion’ in building, furniture and

Mar 28,2018

Mumbai ITAT rules that non-compete fees paid by SOTC Travel Services Pvt  Ltd. (assessee)  during AY 2002-03 to Director/employee of another travel company for not doing similar business for 5

Mar 28,2018

Delhi ITAT rejects PE-constitution in India for Samsung Electronics (a Korean company- assessee) through the seconded expatriate employees operating from the premises of Samsung India (assessee’s subsidiary) for AYs 2004-05 to 2009-10; Based

Mar 27,2018

Delhi ITAT holds the profit arising on sale of shares (i.e. penny stock in  present case) taxable as business income for AY 2011-12, and not short term capital gains (‘STCG’)

Mar 27,2018

Uttarakhand HC upholds ITAT order, accepts Indian Oil Corporation’s (‘assessee’) plea that  payment made to the carrier under the contracts for transporting the petroleum products shall be subject to TDS u/s. 194C

Mar 26,2018

Mumbai  ITAT deletes penalty imposed u/s 221(1) r.w.s. 140A(3) (for failure to pay self-assessment tax [‘SA tax’] within the stipulated time) for AY 2009-10, holds that amended Sec. 140A(3) does

Mar 26,2018

Kerala HC reverses ITAT order, upholds re-assessment initiated (beyond 4 years) for AY 1994-95 on Tata Ceramics  Ltd. (‘assessee’, which did not commence production in subject AY), due to assessee's failure to