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Rulings

Sep 14,2017

Calcutta HC dismisses Revenue’s writ challenging Settlement Commission order for AYs 2004-05 to 2009-10 wherein it was held that non-resident entities [assessees, not having PE in India] were not liable to tax

Sep 14,2017

Ahmedabad ITAT, in second round of litigation, confirms unexplained cash credit addition u/s. 68 with respect to share premium received by assessee (a private limited company manufacturing PVC pipes) for

Sep 13,2017

Madras HC confirms ITAT order, holds that commission paid by assessee-individual (engaged in garments exports) to an Indian agent on behalf of the foreign entity is taxable in India, confirms

Sep 12,2017

Kolkata ITAT holds that payments made by assessee (a nodal agency)  to GEPIL (an enviro-infrastructure company entrusted with the job of Municipal Solid Waste Management), as and by way of

Sep 12,2017

Hyderabad ITAT allows deduction to assessee-builder for AY 2011-12 with respect to compounding fine paid to Municipal Corporation for regularising the building plan, holds payment not to be in the

Sep 11,2017

Mumbai ITAT holds that consultancy fees received by assessee [a Dutch company and part of A P Moller Maersk Group (‘APMM’)] from ZPMC (a Chinese company) pursuant to supply of

Sep 11,2017

Hyderabad ITAT allows deduction u/s. 48 to assessee-individual with respect to expenses incurred for clearing the encumbrances on shares while computing capital gains on sale of shares of Navabharat Power

Sep 11,2017

Gujarat HC reverses ITAT order, grants Sec. 11 exemption to assessee (a statutory body engaged in urban area development and township planning) for AY 2009-10, holds assessee’s activity not in the nature of trade,

Sep 07,2017

Bangalore ITAT rules that the taxes withheld in USA (i.e. Federal and State tax) should not be added back while computing income taxable in India  for AY 2011-12 in case of

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