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Rulings

May 17,2018

Consequent to its direction to constitute a three-member Committee (with one of the members being former SC judge) to examine structure of Tribunals, SC clarifies that former SC judge  who

May 16,2018

Gujarat HC reverses ITAT order, holds that payment to education society for recouping deficit in payment of tuition fees of employees' children does not amount to perquisite for AY 2000-01

May 15,2018

Delhi HC sets aside ITAT order holding payment by airline company (assessee) for services under crew lease agreement with Lufthansa, Germany as non-taxable 'business profit' absent PE in India, directs

May 14,2018

Ahmedabad ITAT opines that location of AO, at the point of time when Tribunal hears and determines the case, is relevant for determining jurisdiction of bench to hear stay/appeals, however, 

May 11,2018

Chhattisgarh HC allows assessee-company’s writ, quashes re-assessment proceedings for AY 2009-10, as “no notice was served to the petitioner-assessee u/s. 148(1) and service of notice to the Chartered Accountant (‘CA’)

May 11,2018

Bengaluru ITAT adjudicates issue of taxability of Google’s Adwords program payment in light of HC direction to dispose of appeals independently without being influenced by earlier ITAT order, reconfirms characterization

May 11,2018

SC recognizes the need to revisit the structure of Tribunals in order to uphold the rule of law and independence of judiciary, states "We broadly approve the concept of having an

May 10,2018

Bombay HC holds that expenditure incurred during AY 1986-87 for obtaining technical knowhow under a license is classifiable u/s. 35AB (which allows deduction for 1/6th of amount) and not u/s. 37 ; Rejects assessee’s contention

May 10,2018

Mumbai ITAT deletes Sec. 68 addition on account of share premium received  by assessee-company  during AY 2012-13 from its Hong Kong based holding companies; Relies on Bombay HC ruling in case of

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