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Rulings

Jan 18,2017

Kerala HC allows Revenue's writ petition, sets aside Settlement Commission’s final order passed u/s 245D, HC rejects assessee’s stand that CIT, being a mere adjudicating-authority under the Act, cannot challenge

Jan 18,2017

Kerala HC dismisses assessee-deductor’s writ challenging the constitutional validity of Sec. 234E [levying mandatory fee for delay in filing TDS returns]; Rejects assessee’s stand that  there is no element of 'quid pro quo' for

Jan 17,2017

Bangalore ITAT quashes Sec 263 proceedings in case of IBM India P. Ltd. for AY 2007-08, in the second round of litigation; Invoking the revisionary jurisdiction u/s 263, CIT(Large Taxpayer

Jan 17,2017

Bangalore ITAT denies Sec 80JJAA deduction to assessee-company (engaged in manufacture & export of computer software) for AYs 2001-02 & 2002-03, as the new workmen employed by assessee fails the

Jan 16,2017

Ahmedabad ITAT quashes CIT’s revision order u/s 263 directing AO to initiate penalty proceedings u/s 271(1)(c) in respect of assessee’s erroneous deduction claim u/s 10B for AY 2010-11; ITAT rules

Jan 16,2017

SC disposes of SLP against Madras HC ruling upholding the blacklisting of Cyprus as a '‘non-cooperative jurisdiction’ u/s 94A;  Pursuant to assessee producing before the court a copy of the recent CBDT

Jan 16,2017

Delhi ITAT upholds Sec 14A disallowance despite requisite satisfaction not recorded by AO before making the disallowance; During relevant AY 2009-10, assessee did not make any ‘suo-motu’ disallowance u/s 14A,

Jan 13,2017

Mumbai ITAT allows deduction u/s 37 to a Pharma co. (‘assessee’) in respect of freebies given to doctors during AY 2010-11, rejects Revenue’s stand that since payments were made in

Jan 13,2017

SC dismisses United Breweries Ltd.’s SLP against Karnataka HC ruling for AYs 1990-91 to 1992-93; HC had denied deduction u/s 37 for guarantee commission paid by United Breweries to its Chairman cum

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