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Rulings

Jan 28,2017

Delhi ITAT allows selection of its foreign AEs (engaged in sales and distribution activities or secondary manufacturing) as tested party, being the least complex entity, while benchmarking assessee's international transactions; Draws

Jan 27,2017

Delhi HC upholds ITAT order, consideration received by assessee (a Chinese telecom company) for supply of software to Indian companies, not royalty for AYs 2004-05 to 2009-10; Rejects Revenue’s stand that

Jan 25,2017

Mumbai ITAT dismisses Revenue’s appeal in case of Sachin Tendulkar (‘assessee’) for AY 2010-11, holds that income on sale of shares and mutual funds is taxable under the head of “capital

Jan 24,2017

Mumbai ITAT holds that income from hiring of vessels (i.e. tug boat) earned by assessee (a UAE company) is eligible for  taxation on presumptive  basis u/s 44BB (special provision for computing

Jan 24,2017

Madras HC dismisses Revenue’s appeal for AY 2011-12, domestic software purchase payments by assessee (an Indian company engaged in buying and selling software), not royalty, Sec 194J TDS not applicable;

Jan 23,2017

SC allows assessee’s appeal, grants immunity from prosecution u/s 245H despite tax & interest payments made beyond the time specified by Settlement Commission vide its final order u/s 245D(4); SC

Jan 23,2017

Rajkot ITAT upholds Revenue’s action of invoking Sec 50C (relating to substitution of sale consideration with stamp duty valuation) for AY 2011-12 on sale of land by assessee-individual; Assessee had

Jan 19,2017

SC dismisses petition filed by Shanti Bhushan & Prashant Bhushan, seeking constitution of Special Investigation Team, directing investigation of the allegedly incriminating material seized in CBI/tax department raids conducted on

Jan 19,2017

ITAT grants stay to Google India Pvt. Ltd. (‘assessee’) for AY 2013-14 beyond a period of 365 days, initially stay was granted by ITAT twice for a  period of 6

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