May 08,2017

Delhi ITAT holds that payment made by ONGC (as representative  assessee) to a Canadian university (‘NR’) for collaborative research, participation, training and maintenance services of air injection equipment (used for

May 05,2017

Gujarat HC allows assessee-individual’s writ, sets-aside AO’s as well as Pr. CIT’s orders rejecting assessee’s stay of demand petition; AO rejected assessee’s stay application on the ground assessee was required

May 04,2017

SC upholds Himachal Pradesh HC ruling, confirms disallowance u/s. Sec. 40(a)(ia) for freight amounts ‘paid’  to truck-owners during AY 2006-07 without deduction of tax at source u/s 194C; Rejects assessee’s plea that since

May 03,2017

Delhi HC sets-aside ITAT special bench (‘SB’) ruling denying deduction to assessee for interest payable on account of disputed arbitration award for AYs 2001-02 & 2002-03;  SB had denied deduction

May 02,2017

SC reverses Gujarat HC judgment ruling in favour of Revenue for AY 1994-95, approves AO’s 'prima facile adjustment' u/s 143(1)(a) with respect to share issue expenses disallowance; During relevant AY, assessee-company claimed

Apr 28,2017

Chennai ITAT deletes Sec. 40(a)(i) expense-disallowance, interest payments by Hyundai Motor India Ltd. (‘assessee’) to Standard Chartered (‘SCB-M’) and HSBC banks (‘HSBC-M’), Mauritius not subject to Sec. 195 TDS for

Apr 28,2017

Delhi HC dismisses assessee’s (100% EOU) writ for AY 2007-08, upholds constitutional validity of Sec. 80A(5) as well as fourth proviso to Sec. 10B(1) (the sections mandate filing of return

Apr 27,2017

Chennai ITAT grants Sec. 11 exemption to assessee (a Christian Religious Society), holds that publication and distribution of Christian literature, religious books amounts to a religious activity eligible for exemption; Notes

Apr 27,2017

Madras HC upholds ITAT order allowing deduction u/s. 36(1)(iii) for lease compensation charges paid by assessee-company (engaged in the manufacture of Soft drinks under a franchise from Coco Cola) to