Jan 13,2017

Chennai ITAT reverses CIT(A) order for AY 2002-03, payment of hire charges by assessee-charterer (an Indian Company) to Foreign Shipping Companies (‘FSC’) for transportation on a time charter basis not royalty u/s

Jan 12,2017

SC dismisses assessee’s SLP against Rajasthan HC judgement upholding levy of penalty u/s 271D for Sec 269SS violation; During AYs 1992-93 and 1993-94, assessee (engaged in cement manufacturing) had accepted

Jan 12,2017

Ahmedabad ITAT holds that commission paid to non-resident export commission agents by assessee (an Indian company engaged in manufacturing steel pipes), not taxable in India for AY 2010-11 & Sec

Jan 11,2017

Ahmedabad ITAT dismisses Revenue’s appeal for AY 2013-14, payment towards IT support services by assessee (an Indian company) to its associated enterprise (‘AE’) in Canada not taxable as royalty under

Jan 11,2017

Ahmedabad ITAT allows foreign tax credit (‘FTC’) claimed by assessee (an Indian company engaged in software development) in respect of taxes withheld in Singapore and Indonesia on receipt from software

Jan 10,2017

Panaji ITAT Special Bench (‘SB’) holds that adjudication upon maintainability of appeal before ITAT u/s 253 against CIT(A)’s refusal to grant interim stay of demand in the facts of the

Jan 06,2017

Kerala HC reverses ITAT order for AYs 1999-00 and 2003-04, allows assessee’s (a public limited company) claim of amortisation of expenditure incurred in connection with rights issue of shares u/s 35D(2)(c)(iv); HC notes that  assessee had offered

Jan 06,2017

Ahmedabad ITAT deletes disallowance u/s 14A read with Rule 8D, holds that the approach of lower authorities to attribute part of interest to investment yielding tax exempt income was incorrect considering that the

Jan 05,2017

Delhi HC upholds assessee's claim for deduction of advertisement and promotion expenses incurred towards enhancement of brands owned by its foreign parent-company as business expenditure; AO had disallowed part of the expenditure