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Rulings

Mar 23,2018

ITAT holds that assessee (a builder and developer) can claim deduction u/s 80-IB(10) for the first time in return filed u/s 153A (even though such claim not made in original

Mar 22,2018

Kerala HC holds that pursuant to 1996 amendment to Sec. 32(2), set-off of unabsorbed depreciation is allowable against other heads of income also for AY 1997-98, however, carried forward unabsorbed depreciation

Mar 21,2018

Mumbai ITAT holds that taxability of Rs. 150 cr. received by assessee-company (part of the Mckinsey Group based in US) in India during AYs 2011-12 and AY 2012-13 shall be

Mar 21,2018

Kerala HC upholds ITAT order, confirms Sec.  40(a)(ia) disallowance for TDS default on lease rent paid / payable  by assessee (an educational institution)  during AYs 2007-08 to 2009-10​, HC rejects assessee’s contention that second

Mar 21,2018

SC dismisses CBDT’s SLP against Meghalaya HC ruling allowing Sec. 244A interest on TDS refund  to assessee-deductee (a co-operative bank) for AYs 2000-01 to 2003-04; With respect to TDS on

Mar 20,2018

SC allows Honda Motor’s (a Japanese company) appeal and sets aside Allahabad HC ruling, quashes issuance of re-assessment notice;  HC had dismissed assessee’s writ and had upheld re-assessment based on material

Mar 20,2018

Delhi ITAT partly upholds Sec. 40(a)(ia) ​expenditure ​disallowance on discount extended to pre-paid ​SIM card ​distributors by Vodafone Essar Digilink Ltd. (‘assessee’) during AY 2009-10, rules that to the extent the Rajasthan HC treated

Mar 19,2018

Mumbai ITAT deletes  notional income addition  u/s. 23  towards annual letting value of unsold flats of Runwal builders (‘assessee’) during AY 2012-13; ITAT observes that flats sold by assessee were assessed under the head

Mar 19,2018

Gujarat HC dismisses assessee's writ, upholds reassessment initiated (beyond 4 years period) on the basis of information received from Investigation Wing of the Department for AY 2010-2011; Post completion of

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