Home

Rulings

Sep 06,2018

Bombay HC dismisses Revenue’s appeal, deletes penalty levy u/s. 271(1)(c) in case of assessee co. dealing in pan masala, tobacco products for AYs 2003-04, 2004-05 and 2005-06; HC notes that

Sep 05,2018

Bombay HC holds ITAT’s remand to AO for examining whether assessee (a Dutch company) has a PE in India, as ‘cryptic’, accepts assessee’s stand that the Tribunal should not have remanded

Sep 05,2018

Madras HC rejects assessee’s claim of refund of entire tax paid in view of block assessment annulled by Tribunal, holds that by virtue of nullifying of assessment, there is deemed

Sep 05,2018

Bombay HC takes on record the CBDT communication of August 27th clarifying STT applicability on delivery-based derivative settlements, pursuant to writ filed by Association of National Exchanges Members of India challenging STT levy@  0.1%

Sep 04,2018

Mumbai ITAT upholds CIT(A)’s order deleting notional income addition u/s. 23 with respect to assessee-builder’s unsold flats lying vacant for AY 2009-10; Notes that AO had computed deemed income from

Sep 04,2018

Madras HC reverses ITAT order for AY 1996-97, grants Sec. 80IA deduction to assessee-company with respect to  interest earned on deposits (FD) kept with the bank by way of margin money

Sep 03,2018

Bombay HC warns against interference in judicial proceedings, observes that none including Chairman of Settlement Commission (ITSC) can direct taking of particular course of action or passing particular order in

Sep 03,2018

Karnataka HC rules in favour of the Revenue, holds that the 28-acre land at the Bangalore Palace Grounds, which is in possession of assessees (sisters of Ex-Ruler of Mysuru family),

Aug 31,2018

Delhi ITAT upholds levy of penalty u/s. 272A(1)( c) on Young Indian (assessee) for AY 2011-12 for non-furnishing of information requisitioned under the summons issued u/s 131(1A), holds that “the

Pages

Top