Home

Rulings

Jan 05,2017

SC upholds deemed dividend addition u/s 2(22)(e) on assessee-HUF for AY 2006-07 with respect to loan/advances received from one concern (in which it beneficially held more than 10% share-capital); Rejects

Jan 04,2017

Gauhati HC sets aside ITAT order for AY 2001-02, transport subsidy received by assessee (an industrial undertaking) under Government scheme to boost industrial growth in north-eastern region constitutes a non-taxable

Jan 04,2017

Delhi HC dismisses Revenue’s appeal for AY 2008-09, grants deduction u/s 10B to assessee (EOU) on exports made through its sister concern; Rejects Revenue’s submissions that assessee wasn’t qualified to avail

Jan 03,2017

Madras HC sets-aside ITAT order, attributes Rs. 1 cr toward non-compete covenant, taxable u/s 28(va), out of total consideration of Rs. 6 cr. received by assessee (a pharma  co.) upon

Jan 03,2017

Punjab and Haryana HC reverses ITAT order, holds assessee-deductor (a State owned infrastructure development company) liable for interest u/s 201(1A) with respect to TDS default on contractor payments during AYs

Jan 02,2017

Gujarat HC dismisses Revenue’s appeal for AY 2008-09, receipt of non-interest bearing refundable security deposit by assessee-club constitutes a capital receipt  and thus not taxable; On noting that the security deposit recovered

Jan 02,2017

Chennai ITAT remits Kalainagar TV’s 2G matter involving Rs. 200 cr ‘unexplained cash credit’ addition u/s 68 for AYs 2009-10 & 2010-11, for fresh consideration directing AO to give assessee

Dec 30,2016

Mumbai ITAT allows inter-se  set-off of profit/ loss between cash segment and future segment of assessee-company  dealing in cash future arbitrage for AY 2009-10; Rejects Revenue’s stand that set-off should

Dec 30,2016

Punjab & Haryana HC upholds denial of ‘charity’ exemption u/s 10(23C)(iv) to assessee-trust (engaged in printing and publishing of newspaper – ‘The Tribune’) for AY 2009-10; HC relies on Privy

Pages

Top