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Rulings

May 08,2018

Gujarat HC confirms ITAT ruling that upheld the re-opening of re-assesment for AY 2005-06, rejects assessee's contention that since the Joint Commissioner, after recording his satisfaction forwarded the same to CIT,

May 07,2018

Delhi HC dismisses Union of India's (UOI) petition for permanent injunction against Vodafone Group restraining them from pursuing arbitrations under India UK bilateral Investment Promotion Agreement (BIPA) since the arbitration

May 07,2018

Delhi HC sets aside ITAT order passed u/s. 254(2) [pursuant to rectification application moved by Prannoy Roy (‘assessee’)], rejects ITAT’s view that an order directing early hearing to Department is

May 04,2018

Delhi HC dismisses assessee's appeal, holds additional depreciation u/s 32(1)(iia) to be mandatory and thus, observes that assessee does not have option not to claim it;  Assessee sought to withdraw

May 03,2018

Bangalore ITAT quashes Sec. 201(1)/(1A) proceedings on assessee-employer (a State Power Transmission company, ‘KPTCL’)  with respect to TDS default u/s. 192  for AYs 2013-14 and 2014-15 on leave encashment payments

May 02,2018

SC upholds HC rulings giving retrospective effect to Finance Act, 2010 amendment that relaxed the rigours of Sec. 40(a)(ia), providing that all TDS made during the previous year can be

May 02,2018

SC allows Revenue's appeal, holds that material found in the course of simultaneous survey in the premises of builder with whom assessee had transaction, can be used in assessee's block

May 02,2018

SC upholds Delhi HC decision, rules that Inland Container Depots (ICDs) [though not regarded as 'ports' applying maritime connotation], are held as 'inland ports' for the purposes of claiming tax

May 02,2018

SC rules in favour of assessee, holds that waiver of loan for acquiring capital asset cannot be taxed as income u/s 28(iv) or Sec 41(1); Notes that assessee had acquired

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