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Rulings

Feb 10,2017

Kerala HC allows assessee’s (a charitable society) writ, directs CIT to consider assessee’s revision petition u/s 264 for AY 2013-14; Notes that assessee received intimation u/s 143(1) wherein certain deduction

Feb 09,2017

Mumbai ITAT rules in assessee-company’s favour, holds assessee’s share of income from association of persons (AOP), though credited to Profit and Loss account ('P&L a/c'), be reduced while computing book profits for

Feb 09,2017

SC dismisses Revenue’s SLP against Delhi HC judgement in case of Tata Teleservices Ltd.; HC had quashed Sec.201(1)/(1A) proceedings on assessee in respect of TDS default on pre-paid cards payments

Feb 09,2017

Chennai ITAT denies Sec 80IB(10) deduction to assessee-builder for AY 2009-10, holds assessee was engaged in construction business as a ‘work contractor’ and not ‘developer’; Rejects assessee’s submission that restriction

Feb 08,2017

Mumbai ITAT rules in favour of taxpayers viz. Reliance Utilities Ltd and Reliance Port and Terminals Ltd, deletes Rs. 1,550 Cr addition towards unexplained cash credit u/s 68; AO taxed

Feb 08,2017

Delhi ITAT holds that payment by assessee (an Indian outbound call centre) to US entities on account of International Private Leased Circuit (IPLC) and connectivity charges for use of dedicated private

Feb 08,2017

Delhi ITAT rules that the Indian group company (a subsidiary of US Company) of assessee (a Netherlands based company) forming part of NetApp group (engaged in the business of selling

Feb 07,2017

Punjab & Haryana HC dismisses Revenue’s appeal, rules that the fair market value ('FMV’) of the property cannot be substituted for the full value of consideration u/s 48 for the

Feb 06,2017

Mumbai ITAT holds that income earned by Linklaters (a UK based LLP engaged in providing legal/consultancy services)  in respect of services rendered in India, neither FTS under Article 13(4) of

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