Direct tax Weekly Digest

Weekly Digest #22 01 Jun to 07 Jun 2019 6 Rulings

Income tax Appellate Tribunal ITAT:Deletes Sec.68 addition towards share premium receipts; Distinguishes SC's NRA Iron Judgment

Jun 04, 2019

In Favour of : Assessee
Citation Number : TS-310-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:Belated return filing not fatal to claim charity exemption u/s 11 till AY 2017-18

Jun 06, 2019

In Favour of : Assessee
Citation Number : TS-313-ITAT-2019(COCH)

Income tax Appellate Tribunal ITAT:Commission to own HUF by Karta, not covered by 'related party payments' for Sec. 40A(2) disallowance

Jun 06, 2019

In Favour of : Assessee
Citation Number : TS-314-ITAT-2019(Ahd)

Income tax Appellate Tribunal ITAT:Disallows Sec. 35(1)(ii) claim towards donation made to Arvindo Trust owing CBDT Directive

Jun 07, 2019

In Favour of : Revenue
Citation Number : TS-318-ITAT-2019(CHNY)

Income tax Appellate Tribunal ITAT:Deletes bogus expenses disallowance; Mere wrong presentation in books irrelevant

Jun 07, 2019

In Favour of : Revenue
Citation Number : TS-320-ITAT-2019(Mum)

High Court HC:Restores back proceedings to AO to re-consider Taxpayer's defective return claims

Jun 07, 2019

In Favour of : Both, Partially
Citation Number : TS-322-HC-2019(KAR)

Weekly Digest #21 25 May to 31 May 2019 2 Rulings

Income tax Appellate Tribunal ITAT:Denies LTCG exemption u/s 10(38) on penny stock, holds it as 'undisclosed income'

May 31, 2019

In Favour of : Assessee
Citation Number : TS-306-ITAT-2019(CHNY)

High Court HC:Quashes re-assessment absent any failure of assessee to explain the loan amount appearing in balance-sheet

May 31, 2019

In Favour of : Revenue
Citation Number : TS-307-HC-2019(DEL)

Weekly Digest #20 18 May to 24 May 2019 5 Rulings

Income tax Appellate Tribunal ITAT:Holds taxpayer's property sale income as 'capital gains' not 'business'; Commercial investments, irrelevant

May 24, 2019

In Favour of : Assessee
Citation Number : TS-292-ITAT-2019(CHANDI)

Income tax Appellate Tribunal ITAT:Deletes notional rental addition on builders unsold flats; Adopts favorable Gujarat HC ruling

May 23, 2019

In Favour of : Assessee
Citation Number : TS-291-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:Disallows amount paid to Mauritian company for raising funds for sister-concern u/s. 37(1)

May 24, 2019

In Favour of : Revenue
Citation Number : TS-293-ITAT-2019(Bang)

Income tax Appellate Tribunal ITAT:Disallows club membership fees paid for third person absent proof of business nexus

May 23, 2019

In Favour of : Revenue
Citation Number : TS-290-ITAT-2019(Mum)

High Court HC: Disallows interest u/s 36(1)(iii) for new unit; Rejects 'expansion' of existing business claim

May 24, 2019

In Favour of : Revenue
Citation Number : TS-295-HC-2019(MAD)

Weekly Digest #19 07 May to 17 May 2019 5 Rulings

Income tax Appellate Tribunal ITAT:No bar under Act on following different accounting methods for different projects by builder

May 14, 2019

In Favour of : Assessee
Citation Number : TS-271-ITAT-2019(Ahd)

High Court HC:Excludes time taken for pursuing remedy before HC from time-limit for passing Settlement Commission order

May 14, 2019

In Favour of : Assessee
Citation Number : TS-273-HC-2019(GUJ)

High Court HC:Grants Sec. 35(2AB) benefit considering approvals for prior and subsequent years

May 17, 2019

In Favour of : Assessee
Citation Number : TS-279-HC-2019(MAD)

Income tax Appellate Tribunal ITAT:Dismisses Revenue's miscellaneous application against MA order of ITAT absent enabling provision

May 17, 2019

In Favour of : Assessee
Citation Number : TS-280-ITAT-2019(PUN)

Income tax Appellate Tribunal ITAT: Change of MD and statutory-audit delay - 'reasonable cause' for delay in Sec.44AB audit

May 17, 2019

In Favour of : Assessee
Citation Number : TS-281-ITAT-2019(JPR)

Weekly Digest #18 04 May to 06 May 2019 10 Rulings

Income tax Appellate Tribunal ITAT:'Processing and raising' of Tea plantation, mandatory for Sec. 80IC deduction; Denies taxpayer's claim

Apr 30, 2019

In Favour of : Revenue
Citation Number : TS-237-ITAT-2019(Kol)

Income tax Appellate Tribunal ITAT:Holding period for shares allotted in BSE pursuant to demutualization would include membership-card holding period

May 06, 2019

In Favour of : Assessee
Citation Number : TS-251-ITAT-2019(Kol)

Income tax Appellate Tribunal ITAT:Land with structures used for manufacturing purposes, not exigible to Wealth Tax

May 09, 2019

In Favour of : Assessee
Citation Number : TS-258-ITAT-2019(Kol)

Income tax Appellate Tribunal ITAT:Allows deduction of 'provision of card receivable write-back' to NBFC for MAT purposes

May 08, 2019

In Favour of : Assessee
Citation Number : TS-256-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:Consultancy services rendered for export outside India not taxable u/s 9(1)(vii)

May 10, 2019

In Favour of : Assessee
Citation Number : TS-268-ITAT-2019(Ahd)

Income tax Appellate Tribunal ITAT:AO cannot whimsically decline assessee's valuation-method, accepted in succeeding AY for Sec.56(2)(viib) purposes

May 10, 2019

In Favour of : Assessee
Citation Number : TS-262-ITAT-2019(ASR)

Income tax Appellate Tribunal ITAT:'Managerial services' not covered under FTS definition under India-Netherlands DTAA

May 10, 2019

In Favour of : Assessee
Citation Number : TS-266-ITAT-2019(Mum)

Supreme Court SC:Dismisses SLP against block assessment quashing for non-issuance of Sec.143(2) notice

May 10, 2019

In Favour of : Assessee
Citation Number : TS-267-SC-2019

Supreme Court SC:Sets aside HC order denying extension of time-limit for installment payment under IDS, 2016

May 10, 2019

In Favour of : Assessee
Citation Number : TS-264-SC-2019

Income tax Appellate Tribunal ITAT:Sec.12AA registration cannot be denied if books not-maintained regarding Pharmacy located inside Hospital

May 10, 2019

In Favour of : Assessee
Citation Number : TS-263-ITAT-2019(RAN)

Weekly Digest #17 28 Apr to 03 May 2019 10 Rulings

Income tax Appellate Tribunal ITAT:Advertisement expenditure not capital expenditure; Rejects Revenue's brand building plea

Apr 29, 2019

In Favour of : Assessee
Citation Number : TS-233-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:'Distance learning' covered under charitable activities u/s. 2(15) as formal education

Apr 26, 2019

In Favour of : Assessee
Citation Number : TS-226-ITAT-2019(ASR)

High Court HC:Allows Sec.54F benefit on transfer of residential unit in Co-operative Housing Society

Apr 30, 2019

In Favour of : Assessee
Citation Number : TS-235-HC-2019(BOM)

Income tax Appellate Tribunal ITAT:Disallows interest cost u/s 36(1)(iii) to builder, seeks claim as per percentage-completion method

May 02, 2019

In Favour of : Revenue
Citation Number : TS-239-ITAT-2019(JPR)

Income tax Appellate Tribunal ITAT:Allows excess remuneration paid to partners u/s.40(b) pursuant to 'unregistered' supplementary deed

May 02, 2019

In Favour of : Assessee
Citation Number : TS-241-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:Allows depreciation on customer relationship right treating as goodwill

May 03, 2019

In Favour of : Assessee
Citation Number : TS-245-ITAT-2019(Bang)

Income tax Appellate Tribunal ITAT:Upholds Sec.69A addition towards bogus LTCG; Taxpayer's documentation, a mere 'smoke screen'

May 03, 2019

In Favour of : Revenue
Citation Number : TS-244-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:No TDS on subscription charges for the software under India-USA DTAA, deletes disallowance

May 03, 2019

In Favour of : Assessee
Citation Number : TS-246-ITAT-2019(Bang)

Supreme Court SC:Sets aside HC-order for failure to frame 'question of law'; Follows recent co-ordinate bench ruling

May 03, 2019

In Favour of : Both, Partially
Citation Number : TS-247-SC-2019

Income tax Appellate Tribunal ITAT:Mere common management does not disentitle new EOU from Sec.10B deduction

May 03, 2019

In Favour of : Assessee
Citation Number : TS-248-ITAT-2019(DEL)

Weekly Digest #16 19 Apr to 27 Apr 2019 5 Rulings

Income tax Appellate Tribunal ITAT:Allows amortization of cost of acquisition of film broadcasting rights over 5 years

Apr 26, 2019

In Favour of : Assessee
Citation Number : TS-224-ITAT-2019(CHNY)

Income tax Appellate Tribunal ITAT:Holds assessee's loss incurred on trading in agricultural based commodity derivatives, non-speculative

Apr 26, 2019

In Favour of : Assessee
Citation Number : TS-228-ITAT-2019(ASR)

Income tax Appellate Tribunal ITAT:Allows advance written-off on capital asset not acquired by assessee as business-loss

Apr 23, 2019

In Favour of : Assessee
Citation Number : TS-214-ITAT-2019(Kol)

Income tax Appellate Tribunal ITAT:Allows administrative expenditure even though no Ministry of I&B's approval received

Apr 26, 2019

In Favour of : Assessee
Citation Number : TS-225-ITAT-2019(HYD)

Supreme Court SC:Remands matter to ITAT for incorrect appreciation of CIT(A)'s finding

Apr 26, 2019

In Favour of : Assessee
Citation Number : TS-229-SC-2019

Weekly Digest #15 13 Apr to 18 Apr 2019 6 Rulings

Income tax Appellate Tribunal ITAT:No denial of housing project related deduction u/s. 80IB(10) for non-receipt of completion certificate

Apr 18, 2019

In Favour of : Assessee
Citation Number : TS-206-ITAT-2019(PUN)

Income tax Appellate Tribunal ITAT:Gives effect to Third Member order; Money distributed to retiring partner, not 'transfer'

Apr 18, 2019

In Favour of : Assessee
Citation Number : TS-207-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:DRP route inapplicable if no variation in returned income, tax-rate variation irrelevant

Apr 18, 2019

In Favour of : Assessee
Citation Number : TS-204-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:Assessee-firm's unregistered, non-dated resolution regarding partner's remuneration for Sec. 40(b) purposes, an 'afterthought'

Apr 15, 2019

In Favour of : Revenue
Citation Number : TS-197-ITAT-2019(ASR)

Income tax Appellate Tribunal ITAT:Foreign LLP not eligible assessee” u/s 144C(15)(b); Quashes draft, final assessment orders

Apr 18, 2019

In Favour of : Assessee
Citation Number : TS-205-ITAT-2019(Mum)

Supreme Court SC:Sets aside HC order dismissing Revenue's appeal without framing substantial question of law

Apr 18, 2019

In Favour of : Assessee
Citation Number : TS-208-SC-2019

Weekly Digest #14 06 Apr to 12 Apr 2019 4 Rulings

Income tax Appellate Tribunal ITAT:Allows provision for future expenses, subsequent year reversals not bar

Apr 12, 2019

In Favour of : Assessee
Citation Number : TS-192-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:Considers flats allotment-date over sale-agreement date for capital-gains

Apr 12, 2019

In Favour of : Assessee
Citation Number : TS-193-ITAT-2019(Mum)

High Court HC:Assessee-company gets sweet deal; Allows expenditure towards abandoned 'Mawa' project u/s 37(1)

Apr 12, 2019

In Favour of : Assessee
Citation Number : TS-195-HC-2019(BOM)

Supreme Court SC:Dismisses SLP; Sec. 194A TDS inapplicable on interest payment for delayed plot delivery

Apr 12, 2019

In Favour of : Both, Partially
Citation Number : TS-194-SC-2019

Weekly Digest #13 30 Mar to 05 Apr 2019 3 Rulings

Income tax Appellate Tribunal ITAT:Sets-aside AO's order rejecting FMV, directs AO for DVO report

Apr 03, 2019

In Favour of : Assessee
Citation Number : TS-169-ITAT-2019(CHANDI)

High Court HC:Grants Sec. 80IA(4) benefit to sub-contractor for development/maintenance of railway siding

Apr 05, 2019

In Favour of : Assessee
Citation Number : TS-175-HC-2019(MAD)

High Court HC:Grants charitable exemption; Golf club's activities not in the nature of business

Apr 05, 2019

In Favour of : Assessee
Citation Number : TS-176-HC-2019(BOM)

Weekly Digest #12 23 Mar to 29 Mar 2019 5 Rulings

High Court HC:Dismisses Revenue's appeal on grounds urged for first time before Court

Mar 29, 2019

In Favour of : Assessee
Citation Number : TS-159-HC-2019(UTT)

Income tax Appellate Tribunal ITAT:Upholds Sec.263-order; Cites AO's non-examination of sale consideration through Sec. 50C lens

Mar 25, 2019

In Favour of : Both, Partially
Citation Number : TS-144-ITAT-2019(Ahd)

High Court HC:Allows deduction u/s 42 to Oil Exploration Company for expenditure on surrender of contract

Mar 29, 2019

In Favour of : Assessee
Citation Number : TS-162-HC-2019(BOM)

Income tax Appellate Tribunal ITAT:Rules TDS deduction liability ceases on receipt of PAN u/s.194C(6), sec.194C(7) compliance irrelevant

Mar 26, 2019

In Favour of : Assessee
Citation Number : TS-146-ITAT-2019(JPR)

Supreme Court SC:Dismisses SLP against HC's denial of 'retrospective' registration grant u/s. 12A to Kerala Cricket Association

Mar 29, 2019

In Favour of : Revenue
Citation Number : TS-163-SC-2019

Weekly Digest #11 16 Mar to 22 Mar 2019 5 Rulings

Income tax Appellate Tribunal ITAT:Magician-assessee's trick fails; Denies Sec. 80-RR deduction on 'gross foreign receipts'

Mar 20, 2019

In Favour of : Revenue
Citation Number : TS-132-ITAT-2019(COCH)

High Court HC:JDA transfer triggers when approvals received, not when license granted to developer

Mar 22, 2019

In Favour of : Assessee
Citation Number : TS-139-HC-2019(MAD)

Income tax Appellate Tribunal ITAT:Allows future development expenses in respect of completed projects to real estate developer

Mar 22, 2019

In Favour of : Assessee
Citation Number : TS-137-ITAT-2019(Kol)

High Court HC:Allows interest recognition under hire-purchase on EMI basis

Mar 22, 2019

In Favour of : Assessee
Citation Number : TS-138-HC-2019(MAD)

Income tax Appellate Tribunal ITAT:Providing concessional housing to economically weaker sections qualifies as 'relief of poor'; Allows exemption u/s. 11

Mar 22, 2019

In Favour of : Assessee
Citation Number : TS-140-ITAT-2019(Bang)

Weekly Digest #10 09 Mar to 15 Mar 2019 3 Rulings

Income tax Appellate Tribunal ITAT:Rules each new film not akin to splitting/reconstruction of existing business u/s 80IA(2)

Mar 15, 2019

In Favour of : Assessee
Citation Number : TS-124-ITAT-2019(CHNY)

Income tax Appellate Tribunal ITAT:Allows Sec.10AA deduction on FD Interest placed as margin money

Mar 15, 2019

In Favour of : Assessee
Citation Number : TS-123-ITAT-2019(Ahd)

High Court HC:Quashes re-opening on Cyprus-entity initiated based on subsequent year assessment

Mar 15, 2019

In Favour of : Assessee
Citation Number : TS-126-HC-2019(BOM)

Weekly Digest #9 02 Mar to 08 Mar 2019 3 Rulings

Income tax Appellate Tribunal ITAT:Subsidy for reimbursement of interest to catalyse textile industry - capital receipt

Feb 25, 2019

In Favour of : Assessee
Citation Number : TS-83-ITAT-2019(Ahd)

High Court HC:Classifies Bank as 'industrial undertaking'; Allows amortization of share-issue expenses u/s. 35D

Mar 08, 2019

In Favour of : Assessee
Citation Number : TS-777-HC-2018(KER)

Income tax Appellate Tribunal ITAT:High premium charged by assessee no ground for making addition u/s 68

Mar 08, 2019

In Favour of : Assessee
Citation Number : TS-111-ITAT-2019(Mum)

Weekly Digest #8 23 Sep to 01 Mar 2019 6 Rulings

Supreme Court SC:Dismisses SLP against HC quashing re-assessment based on 'Factual error' pointed out by Audit party

Feb 27, 2019

In Favour of : Assessee
Citation Number : TS-89-SC-2019

Income tax Appellate Tribunal ITAT:Disallows co-op. society's contribution to education fund under Karnataka Co-operative Societies Act

Feb 27, 2019

In Favour of : Revenue
Citation Number : TS-91-ITAT-2019(Bang)

High Court HC:Mere 'individual' asset-valuation cannot reject 'Slump-sale' basis for sale of CRM division

Mar 01, 2019

In Favour of : Assessee
Citation Number : TS-97-HC-2019(BOM)

Income tax Appellate Tribunal ITAT:Allows Revenue's MA; Recalls earlier order granting Sec. 80-IB benefit despite belated return filing

Mar 01, 2019

In Favour of : Assessee
Citation Number : TS-98-ITAT-2019(PUN)

High Court HC:Upholds ITAT; Non-compete fees paid to employees is revenue expense

Mar 01, 2019

In Favour of : Assessee
Citation Number : TS-776-HC-2018(P & H)

High Court HC:Assessment notices not duly served where postal endorsements read as not known” & abolished”

Feb 27, 2019

In Favour of : Assessee
Citation Number : TS-90-HC-2019(KER)

Weekly Digest #7 16 Feb to 22 Feb 2019 5 Rulings

Income tax Appellate Tribunal ITAT:Dismisses Revenue's Miscellaneous Application (MA) in Google Ireland's case

Feb 22, 2019

In Favour of : Assessee
Citation Number : TS-79-ITAT-2019(Bang)

Income tax Appellate Tribunal ITAT:Allows 10AA deduction on interest on FDRs kept as margin money

Feb 20, 2019

In Favour of : Assessee
Citation Number : TS-72-ITAT-2019(Ahd)

Income tax Appellate Tribunal ITAT:No further profit attribution to Indian agency PE where commission on arm's length

Feb 20, 2019

In Favour of : Assessee
Citation Number : TS-74-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:CIT(A) obliged to dispose case on merits u/s 250(6), despite non-prosecution by assessee

Feb 22, 2019

In Favour of : Assessee
Citation Number : TS-77-ITAT-2019(Mum)

Supreme Court SC:Condones Revenue's delay of 290 days caused due to non-communication by Standing Counsel

Feb 22, 2019

In Favour of : Assessee
Citation Number : TS-81-SC-2019

Weekly Digest #6 09 Feb to 15 Feb 2019 6 Rulings

High Court HC:Quashes ITAT's reliance on Court judgment holding 'no substantial question of law arises'

Feb 13, 2019

In Favour of : Assessee
Citation Number : TS-58-HC-2019(KAR)

High Court HC:Upholds reopening beyond 4 years; Additional material indicates lack of true disclosure

Feb 15, 2019

In Favour of : Revenue
Citation Number : TS-65-HC-2019(BOM)

High Court HC:Quashes assessment u/s 153C absent proper satisfaction note by AO of searched-person

Feb 14, 2019

In Favour of : Assessee
Citation Number : TS-61-HC-2019(KAR)

Income tax Appellate Tribunal ITAT:Fresh evidence after passing ITAT order not ground to entertain miscellaneous petition

Feb 14, 2019

In Favour of : Assessee
Citation Number : TS-63-ITAT-2019(Mum)

Income tax Appellate Tribunal ITAT:'Bonafide belief' valid reason for TDS non-deduction on salary; Rejects Revenue's Ely Lilly reliance

Feb 15, 2019

In Favour of : Assessee
Citation Number : TS-67-ITAT-2019(Bang)

Income tax Appellate Tribunal ITAT:Quashes reassessment; Information from Mauritian Authority insufficient to prove unaccounted money allegation

Feb 14, 2019

In Favour of : Assessee
Citation Number : TS-62-ITAT-2019(CHANDI)

Weekly Digest #5 27 Jan to 08 Feb 2019 7 Rulings

Supreme Court SC:Mandates assessee to comply with 'PAN-Aadhaar linking' requirement for return filing

Feb 07, 2019

In Favour of : Assessee
Citation Number : TS-45-SC-2019

High Court HC:Quashes re-assessment notice; No 'live-link' between investigation wing data and income escapement

Feb 07, 2019

In Favour of : Assessee
Citation Number : TS-46-HC-2019(BOM)

Income tax Appellate Tribunal ITAT:Sec.43B not applicable to contribution to Environment Relief Fund since assessee-insurer acted as collecting agent

Feb 08, 2019

In Favour of : Assessee
Citation Number : TS-49-ITAT-2019(PUN)

Income tax Appellate Tribunal ITAT:Allows Sec.54 exemption for amount invested towards construction before sale of house-property

Feb 08, 2019

In Favour of : Assessee
Citation Number : TS-50-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:CIT(A) cannot enhance income on 'new source' not considered in assessment proceedings

Feb 08, 2019

In Favour of : Assessee
Citation Number : TS-52-ITAT-2019(DEL)

High Court HC:Quashes reassessment notice u/s 147 issued on last day of time-limit expiry

Feb 08, 2019

In Favour of : Assessee
Citation Number : TS-51-HC-2019(BOM)

High Court HC:AO to apply his discretion for deciding stay application and water-down pre-deposit condition

Feb 08, 2019

In Favour of : Assessee
Citation Number : TS-48-HC-2019(DEL)

Weekly Digest #4 19 Jan to 26 Jan 2019 3 Rulings

Income tax Appellate Tribunal ITAT:Carrying 'awareness' program for eradication of HIV AIDS, a charitable activity u/s. 2(15)

Jan 25, 2019

In Favour of : Assessee
Citation Number : TS-31-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:Deletes addition of unexplained silver utensils belonging to married-lady, holds within permissible limits

Jan 25, 2019

In Favour of : Assessee
Citation Number : TS-773-ITAT-2018(Ind)

High Court HC:Expresses doubt on ITAT invoking TP-mechanism absent AO's directions while deciding Sec 36(1)(iii)-interest allowability

Jan 26, 2019

In Favour of : Assessee
Citation Number : TS-35-HC-2019(BOM)

Weekly Digest #3 12 Jan to 18 Jan 2019 8 Rulings

Income tax Appellate Tribunal ITAT:Taxability u/s 44BB only if hire-vessels fitted with equipments for use in prospecting mineral-oils

Jan 18, 2019

In Favour of : Revenue
Citation Number : TS-16-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:Deletes addition towards difference in income as per books & Form-26AS, absent receipt

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-14-ITAT-2019(Ahd)

Income tax Appellate Tribunal ITAT:No TDS on cost-to-cost reimbursement to overseas affiliates; Deletes disallowance u/s 40(a)(i)

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-17-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:Quashes Sec.263-order; Rejects plea of AO's deaf ear towards commission for bogus capital-gains

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-20-ITAT-2019(DEL)

High Court HC:Upholds penalty u/s 271(1)(c) despite concealed income fully disclosed and accepted in assessment

Jan 18, 2019

In Favour of : Revenue
Citation Number : TS-18-HC-2019(BOM)

Supreme Court SC:Dismisses SLP; HC held grant-in-aid to Govt. company, a capital receipt

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-22-SC-2019

Income tax Appellate Tribunal ITAT:Payment for obtaining geophysical and geological data not FTS/royalty under India-USA DTAA

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-19-ITAT-2019(DEL)

Income tax Appellate Tribunal ITAT:Quashes AO's rejection of books ; Acknowledges livestock business dealings with un-organized sector

Jan 18, 2019

In Favour of : Assessee
Citation Number : TS-15-ITAT-2019(DEL)