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
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
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
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
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
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’)
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
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
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
