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ITAT - In absence of any substantial allegation or incriminating material, view that assessee was conducting activities with motive of earning profits could not be accepted, orders u/s 263 quashed.
Association of State Road Transport vs CIT(A)
(2015) TaxCorp(LJ) 6571 (ITAT-DELHI) · Section. 263
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ITAT - Since act of conscious and malafide furnishing of inaccurate particulars of income or concealment not attributable to assessee (i.e. assessee’s reversal of overstated depreciation proves bonafide), penalty u/s 271(1)(c) to be deleted.
Airports Authority of India vs. ACIT
(2015) TaxCorp(LJ) 6570 (ITAT-DELHI) · Section. 271(1)(c)
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ITAT - TPO not justified in computing transfer pricing adjustment qua all transactions carried out by assessee with reference to base of 'total costs' incurred by assessee, inclusive also of costs relevant to transactions with non-AEs.
Aithent Technologies (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle-1 (1), New Delhi
(2015) TaxCorp(LJ) 6555 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40615&Category=ITAT&CategoryType=Zip
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ITAT - CIT(A) have considered the fact that some personal expenditure could also have been incurred by the assessee in making payment through credit card, so the disallowance made by the AO was rightly restricted to 5% of credit card expenses.
ITO Versus Kanwar Deep Anand
(2015) TaxCorp(LJ) 6546 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40598&Category=ITAT&CategoryType=Zip
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ITAT - Revision order u/s 263 is invalid since the issue of Rs 5000 cr accounting-loss on restructuring was examined by AO and DRP.
Bharti Airtel Ltd. vs. CIT
(2015) TaxCorp(LJ) 6475 (ITAT-DELHI) · Section. 263
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ITAT - Income earned by the assessee from rendering legal consultancy is carried out by the assessee is a purely commercial activity, howsoever altruistic be the motive, and it cannot be treated as an educational or charitable activity.
Kali Center For Legal Reforms And Research Centre Versus Income-Tax Officer
(2015) TaxCorp(LJ) 6456 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40383&Category=ITAT&CategoryType=Zip
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ITAT - Additional evidence by assessee to prove that its liaison office in India was not its PE was required to be admitted .
Sagem Defence Securite Sa India Liaison Office, BMR & Associates v. Deputy Director of Income-tax (International Taxation), Circle-2(2), New Delhi
(2015) TaxCorp(LJ) 6454 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=3724&Category=INTLDecisions&CategoryType=Zip
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ITAT - AO, Agra has not complied with the mandatory requirement of Sec. 127 but suo moto transferred the file from Agra to AO, New Delhi as if he has entered into the shoes of the Chief Commissioner or Commissioner of Income Tax; order passed is invalid and void ab initio
M/s. KIE Infrastructures & Projects Pvt. Ltd. Versus Income Tax Officer
(2015) TaxCorp(LJ) 6447 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40519&Category=ITAT&CategoryType=Zip
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ITAT - Compensation paid to clear title of land (to remove impediments or encumbrances) has to be allowed as deduction under head 'cost of improvement'.
Assistant Commissioner of Income-tax, Circle 24 (1), New Delhi v. Pushkar Dutt Sharma
(2015) TaxCorp(LJ) 6442 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40523&Category=ITAT&CategoryType=Zip
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ITAT - Apart from value of land, solatium should also be taken into consideration while computing fair market value of an asset as on 1-4-1981
Income Tax Officer, Ward 1 (1), Meerut v. Anil Kumar
(2015) TaxCorp(LJ) 6420 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40502&Category=ITAT&CategoryType=Zip
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ITAT - Finding of TPO that position of assessee with regard to export was that of a contract manufacturer, was without any basis, disallowance of royalty for using technological know-how of foreign holding company not justified. Assessee was selling manufactured goods to both AEs, and third parties.
Honda Motorcycle & Scooter India (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle -1(1), Gurgaon
(2015) TaxCorp(LJ) 6392 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=8104&Category=INTLDecisions&CategoryType=Zip
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ITAT - In view of provisions of section 268A inserted by Finance Act, 2008, read with Instruction No. 5/14, dated 10-7-2014, appeal filed by revenue having tax effect of less than 4 lakhs is not maintainable before ITAT
Deputy Commissioner of Income-tax, Central Circle-2, New Delhi v. Amit Paccraft
(2015) TaxCorp(LJ) 6351 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=40258&Category=ITAT&CategoryType=Zip
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ITAT - Before invoking the re-assessment proceedings the AO has to record the reason as to how income has escaped assessment and not conclusions. AO recorded only the conclusion not the reasons, inasmuch as, the reasons recorded does not indicate as to how income got escaped assessment.
ACIT. Vs. M/s Responsible Builders Pvt. Ltd.
(2015) TaxCorp(LJ) 6344 (ITAT-DELHI)
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ITAT - Assessee is required to pay interest u/s 220(2)on demand sustained in remand proceedings if he fails to pay initial demand
Assistant Commissioner of Income-tax, Central Circle-2, New Delhi v. HCL Corporation Ltd.
(2015) TaxCorp(LJ) 6320 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=36571&Category=ITAT&CategoryType=Zip
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ITAT - Assessee, a distributor in SIM card sale of recharge coupons, is for TDS u/s 194H on discount / incentive payments to its dealers / retailers as the same is in in the nature of ‘commission’.
ITO. Vs. Jai Shree Enterprises
(2015) TaxCorp(LJ) 6306 (ITAT-DELHI) · Section. 194H
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ITAT - Base erosion and profit shifting (BEPS) is a tax policy consideration which is relevant for law making process. There is no role for BEPS in judicial process
ADIT. Vs. Baker Hughes Singapore Pte Ltd.
(2015) TaxCorp(LJ) 6271 (ITAT-DELHI)
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ITAT - For penalty proceedings initiated on issues unrelated to assessment of income (such as for s. 269SS/ 269T & TDS defaults), time limit runs from date of initiation of penalty proceedings and not from date of CIT(A)'s order
ITO vs. JKD Capital & Finlease Ltd
(2015) TaxCorp(LJ) 6183 (ITAT-DELHI) · Section 275(1)(a)
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ITAT - In a cross-objection, a new legal issue can be raised for the first time before the ITAT
ITO vs. Jasjit Singh (ITAT Delhi)
(2015) TaxCorp(LJ) 6182 (ITAT-DELHI)
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ITAT - CIT(A)’s order rejecting stay petition is appealable before ITAT u/s 253. CIT(A) is empowered to grant stay when appeal is pending disposal before him.
Employees’ Provident Fund Organization vs. ACIT
(2015) TaxCorp(LJ) 6148 (ITAT-DELHI)
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ITAT - An appeal can be filed before the Tribunal against an order of the CIT(A) rejecting the stay application
Employees’ Provident Fund Organization vs. ACIT
(2015) TaxCorp(LJ) 6144 (ITAT-DELHI) · Section 253(1)(a)
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