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Rulings

Mar 13,2018

Bombay HC sets aside CCIT’s order rejecting assessee-society’s (running a hospital providing medical facilities at subsidized rates) application for grant/continuation of exemption u/s 10(23C)(vic) for AY 2009-10; With respect to

Mar 09,2018

Uttarakhand HC allows Revenue’s appeal, denies Sec. 10B benefit to assessee (engaged in manufacture of handicrafts) for AY 2009-10; Notes that assessee claimed deduction u/s. 80HHC from AYs 1992-93 to 2003-04

Mar 09,2018

Kolkata ITAT deletes penalty levied u/s 271E (for violating conditions ​u/s 269T by repaying loan other than through banking channels)  for conversion of loan into equity by assessee-company during AY

Mar 08,2018

Bangalore ITAT rejects assessee-individuals’ (husband and wife) claim that long term capital gains (‘LTCG’) arising on sale of property (registered in the name of husband) during AY 2009-10 should be

Mar 07,2018

Chandigarh ITAT upholds CIT(Exemption)’s order, rejects I. K. Gujral Punjab Technical University’s (‘assessee’) application for grant of approval for exemption u/s 10(23C)(vi) for AY 2016-17, observes that assessee is  generating

Mar 06,2018

Kolkata ITAT holds that sale of shares by Emami Infrastructure Ltd. (‘assessee’) to its second step down 100% subsidiary, not transfer u/s. 47(iv), rejects assessee’s claim of long term capital

Mar 06,2018

Mumbai ITAT allows assessee’s (an NBFC)   claim for service tax payment relatable to exempted services  during AYs 2010-11 and 2011-12 in absence of input tax credit availability as per the

Mar 05,2018

Delhi HC set-asides ITAT order, upholds CIT’s revisionary proceedings u/s. 263 directing AO to conduct detailed inquiry regarding allowability of Sec. 80IAB deduction to DLF Commercial Developers Ltd. (‘assessee’) on

Mar 05,2018

Delhi HC sets-aside Central Information Commission’s (‘CIC’) order directing CBDT to supply the information pertaining to the net wealth of certain MLAs and MPs under the Right to Information Act,

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