HC: Dismisses Rahul and Sonia Gandhi's writ petition challenging reassessment on National Herald issue

Delhi HC dismisses writ petition filed by Ms Sonai Gandhi, Mr Rahul Gandhi and Mr Oscar Fernandes challenging reassessment with respect to National Herald issue; AO reopened the assessments alleging

Sep 10,2018

HC: TDS u/s. 194LA inapplicable on providing tenements for squatters'/ hutment dwellers' rehabilitation

Bombay HC dismisses Revenue’s appeals for AYs 2000-01 to 2009-10, holds that the regional development authority (assessee) not liable to deduct TDS u/s. 194L / LA on providing tenements to the

Sep 10,2018

HC: ‘True & full disclosure’ - life-line of Settlement proceedings, rejects its deferral till finalisation

Madras HC dismisses assessee’s writ against Settlement Commission (ITSC) order rejecting assessee's settlement application, based on a report received by Revenue u/s 245D(2B) stating that assessee has not made a

Sep 07,2018

HC: Deletes Sec. 271(1)(c) penalty; HC’s quantum appeal admission indicates ‘debatable’ issue

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 06,2018

HC: Holds ITAT’s remand, ‘cryptic’; Materials on record sufficient to examine PE constitution

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

HC: Block assessment annulment can't result into refund of tax admitted in return

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

HC: Sees no difficulty in STT recovery on delivery-based derivatives considering CBDT-communication

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 05,2018

HC: Grants Sec. 80-IA deduction on interest on deposits used for obtaining LC

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 04,2018

HC: Public hearing ensures guarantee of justice; Warns against ITSC Chairman's interference with proceedings

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

HC: Upholds wealth-tax on Bangalore Palace land despite 'ownership dispute' pendency before SC

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),

Sep 03,2018