HC

HC: Directs examination of taxability of airline company's crew lease payment as FTS

Delhi HC sets aside ITAT order holding payment by airline company (assessee) for services under crew lease agreement with Lufthansa, Germany as non-taxable 'business profit' absent PE in India, directs

May 15,2018

HC: Upholds reassessment, notes live-link between investigation wing data and income escapement

Punjab and Haryana HC dismisses assessee’s writ (engaged in trading of shares through his broker) for AY 2009-10, upholds reassessment proceedings u/s 147/148, rules that there was a direct nexus/live

May 12,2018

HC: Serving notice to taxpayer's CA not service at all, quashes reassessment proceedings

Chhattisgarh HC allows assessee-company’s writ, quashes re-assessment proceedings for AY 2009-10, as “no notice was served to the petitioner-assessee u/s. 148(1) and service of notice to the Chartered Accountant (‘CA’)

May 11,2018

HC: Technical know-how payments deductible u/s. 35AB, not u/s. 37; Deviates from Gujarat/Karnataka HC

Bombay HC holds that expenditure incurred during AY 1986-87 for obtaining technical knowhow under a license is classifiable u/s. 35AB (which allows deduction for 1/6th of amount) and not u/s. 37 ; Rejects assessee’s contention

May 10,2018

HC: Upholds re-opening based on Jt. CIT's 'satisfaction', notwithstanding erroneous seeking of CIT's view

Gujarat HC confirms ITAT ruling that upheld the re-opening of re-assesment for AY 2005-06, rejects assessee's contention that since the Joint Commissioner, after recording his satisfaction forwarded the same to CIT,

May 08,2018

HC: Dismisses Govt's petition seeking injunction against Vodafone from pursuing arbitration under India-UK BIPA

Delhi HC dismisses Union of India's (UOI) petition for permanent injunction against Vodafone Group restraining them from pursuing arbitrations under India UK bilateral Investment Promotion Agreement (BIPA) since the arbitration

May 07,2018

HC: Tribunal order granting early hearing, not 'administrative', hearing opportunity to other-party necessary

Delhi HC sets aside ITAT order passed u/s. 254(2) [pursuant to rectification application moved by Prannoy Roy (‘assessee’)], rejects ITAT’s view that an order directing early hearing to Department is

May 07,2018

HC: Additional depreciation u/s 32(1)(iia) mandatory, rejects assessee's attempt to differentiate from normal depreciation

Delhi HC dismisses assessee's appeal, holds additional depreciation u/s 32(1)(iia) to be mandatory and thus, observes that assessee does not have option not to claim it;  Assessee sought to withdraw

May 04,2018

HC: Software, deductible revenue expense; Mere specification of depreciation rates in IT Rules inconclusive

Delhi HC reverses ITAT order, allows deduction for software expenses incurred by assessee-bank during relevant AY as revenue expenditure; Rejects Revenue’s stand that the softwares acquired were depreciable assets for

May 02,2018

HC: Larger bench to decide whether ‘oral statement’ constitutes ‘evidence found’ during search

Delhi HC refers matter to larger bench on interpretation of the term ’undisclosed income’ for the purpose of block assessment, holds that “While examining the questions, the view expressed in

Apr 30,2018

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