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Rulings

Jul 13,2018

Mumbai ITAT rules that Sec. 79 restriction on loss set-off and carry forward would apply to assessee-company, whose entire stake was acquired by a widely held company during subject AY

Jul 12,2018

Delhi HC stays operation of the order of ITAT President consolidating various cases, calls it as ‘utterly unreasoned’; HC notes that ITAT had consolidated several appeals which apparently did not

Jul 12,2018

Delhi ITAT sets aside AO’s order applying tax rate @20% u/s 115A on FTS received by Ericsson Telephone Corporation India (assessee, a Swedish company) during AY 2000-01 from its AEs

Jul 11,2018

​Andhra Pradesh and Telangana HC rejects assessee-petitioner’s plea that reduced compounding fee @ 3% ​is applicable in view of the revised CBDT guidelines of December 2014, ​holds that guidelines that

Jul 11,2018

Bangalore ITAT confirms interest levy u/s. 201(1A) for TDS default by assessee-payer during AYs 2011-12 to 2015-16, despite ​non-applicability of primary TDS liability due to losses reported by non-resident ​​payee's Indian PE; Rejects assessee’s

Jul 10,2018

Delhi ITAT rules that consideration received by assessee (Investment management company) during AY 2005-06 for retiring as Principal Asset Management Company (‘AMC’) of Sun F&C Mutual Fund,is taxable as capital gains; Notes

Jul 10,2018

Bombay HC grants interim relief to petitioner-assessees, directs Revenue to accept assessees’ income-tax returns for AY 2018-19 without indicating Aadhaar no. / Aadhaar enrolment no. and / or linking with

Jul 10,2018

Gujarat HC sets-aside order of Settlement Commission ('ITSC') treating assessee's settlement application as abated, relies on SC ruling in Star Television News Ltd. to hold that Settlement Application would not abate if

Jul 09,2018

Delhi HC directs Revenue to revoke provisional attachment order u/s. 281B and release refund of Rs. 655.67 cr. due to Vodafone Mobile Services Ltd. (assessee) within a week’s time of assessee furnishing

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