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)

Mar 23,2017

Delhi ITAT rules against Standard Chartered Bank (a UK-based bank), denies deduction for Rs 24.8 crore interest paid by the Indian branch [i.e. permanent establishment (PE)] on foreign currency loan availed

Mar 23,2017

Delhi ITAT holds that ‘Rights fee’ payment to International Cricket Council (ICC) [a resident of British Virgin Islands] by Reebok India (‘assessee’), not royalty u/s 9(1)(vi) of the Act for

Mar 23,2017

Bombay HC reverses ITAT order, income arising to assessee company from advancing loan to various parties, assessable as business income and not income from other sources for AYs 1984-85 and AYs 1988-89

Mar 22,2017

Bangalore ITAT rules that share buy-back payment by assessee (Indian subsidiary) to its 99% Mauritian holding company  to the extent of Fair market price (‘FMP’), not a colourable device  and

Mar 21,2017

Mumbai ITAT allows Rs. 10 crores expense deduction u/s. 37 to Shah Rukh Khan (‘assessee’) with respect to payment made to Knight Riders Sports Pvt. Ltd. for obtaining sponsorship rights for IPL Season