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HC - Bombay HC Nullifies Reassessment Proceedings, Cites Factual Errors and Lack of Due Process
Arvind Sahdeo Gupta Vs Income Tax Oficer
(2023) TaxCorp(LJ) 32136 (HC-BOMBAY)
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HC - Delhi HC Clarifies Revenue's Authority to Record Statement During Survey; Reiterates Law on Admissibility of Statement Under Section 133A.
ARN Infrastructure Ltd Vs THE PR. COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 32135 (HC-DELHI)
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HC - Delhi HC Allows Depreciation on Goodwill Arising from Approved Amalgamation; Cites Smifs Securities Precedent.
Eltek Sgs Pvt. Ltd Vs PR. COMMISSIONER OF INCOME TAX-1
(2023) TaxCorp(LJ) 32134 (HC-DELHI)
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ITAT - Capital Gains: Mumbai ITAT Determines Holding Period for Flat Rights from Allotment Date, Not Application Date
Narendra Gehlaut Vs The Dy. CIT
(2023) TaxCorp(LJ) 32133 (ITAT-MUMBAI)
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ITAT - Delhi ITAT Defines Scope of Reassessment and CIT(A)'s Income Enhancement Powers for Noida Toll Bridge.
Noida Toll Bridge Co. Pvt Ltd Vs The A.C.I.T
(2023) TaxCorp(LJ) 32126 (ITAT-DELHI)
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HC - Bombay HC Quashes Reassessment Proceedings Due to Misapplication of Mind in Sec. 151 Sanction.
Kartik Sureshchandra Gandhi Vs Asst. Commissioner of Income Tax
(2023) TaxCorp(LJ) 32125 (HC-BOMBAY) · Section 151
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HC - Gujarat HC Upholds DTAA Benefit for TDS Error in Forms 15CA/CB.
Star Rays Vs COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 32124 (HC-GUJARAT)
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ITAT - Grant of Stay by Bangalore ITAT in Xiaomi Case - Balancing Statutory Provisions and Asset Attachments
Xiaomi Technology India Pvt. Ltd Vs DCIT
(2023) TaxCorp(LJ) 32123 (ITAT-BANGALORE)
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HC - Dismissal of Delay Condonation Petition by Madras HC due to Lack of 'Bona Fide' Reasons.
Siva Industries and Holdings Ltd Vs The Assistant Commissioner of Income Tax
(2023) TaxCorp(LJ) 32116 (HC-MADRAS)
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ITAT - Mumbai ITAT Imposes Cost on FPI for Non-Response to Notices, Orders De Novo Assessment.
Hunt International Investments LLC Vs DCIT
(2023) TaxCorp(LJ) 32115 (ITAT-MUMBAI) · Section 142(1)
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HC - Karnataka HC Quashes Prosecution for False ITR Filing Due to Absence of Sanction and Complaint under IT Act.
Vishwanath C. Tarali Vs THE STATE OF KARNATAKA
(2023) TaxCorp(LJ) 32114 (HC-KARNATKATA)
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ITAT - Mumbai ITAT Admits and Directs Fresh Consideration of Fresh Claim Before DRP.
Edenred SE (Formerly known as Edenred SA) Vs Deputy Commissioner of Income-tax, International Taxation-2(2)(1)
(2023) TaxCorp(LJ) 32113 (ITAT-MUMBAI)
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SC - SC Dismisses SLP Against Bombay HC Judgment Favoring Kingfisher Capital on FCCB Shares' Cost.
Kingfisher Capital CLO Ltd Vs COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION)
(2023) TaxCorp(LJ) 32106 (SC)
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ITAT - Mumbai ITAT allowed the set-off of brought-forward losses for Hiranandani Healthcare based on the group's unchanged shareholding pattern and deleted the addition related to share premium, as Section 79 did not apply to group changes and Section 68 did not cover the capacity to charge share premium.
Hiranandani Healthcare Private limited Vs CIT (A)
(2023) TaxCorp(LJ) 32105 (ITAT-MUMBAI) · Sections 79, 68
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ITAT - Mumbai ITAT Deletes Sec.69C Addition Based on Undisputed Source of Expenditure Amid Banking Fraud Allegations.
Executive Trading Co. Pvt. Ltd Vs Additional/Joint/Deputy/Assistant Commissioner of Income Tax/Income-tax Officer, National Faceless Assessment Centre
(2023) TaxCorp(LJ) 32104 (ITAT-MUMBAI) · Section 69C
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ITAT - Mumbai ITAT Decides JM Financial's Gains from JV Share-Sale as Capital in Nature; Method of calculating sale consideration does not determine the transaction's nature.; Dismisses Set-off as Colourable Device.
J.M. Financial Ltd Vs Deputy Commissioner of Income-tax
(2023) TaxCorp(LJ) 32098 (ITAT-MUMBAI)
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HC - Delhi HC Allows Deduction of Bad Debts to Bank even when no provision for bad debts was made under Section 36(1)(viia) as Sec.36(1)(vii) & 36(1)(viia) distinct & independent
Standard Chartered Grindlays Bank Ltd Vs ASSISTANT COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 32097 (HC-DELHI) · Sections 36(1)(vii), 36(1)(viia)
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HC - Delhi HC Upholds Deletion of Sec.40(a)(i) Disallowance on Commission Paid to Overseas Agents as ommission paid to overseas agents is not taxable in India and therefore there was no requirement to deduct tax at source under Section 195.
Maharani Enterprises Vs PR. COMMISSIONER OF INCOME TAX
(2023) TaxCorp(LJ) 32090 (HC-DELHI) · Section 40(a)(i)
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ITAT - Delhi ITAT Grants Partial Relief to Assessee, Stresses Presumption of Correctness in Seized Books.
Shiv Shakti Construction Vs ACIT
(2023) TaxCorp(LJ) 32089 (ITAT-DELHI)
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ITAT - Bangalore ITAT Upholds Revision u/s 263 Due to Lack of Inquiry on Sales Incentives and TDS.
Seiko Watch India Pvt. Ltd. Vs The Principal Commissioner of Income Tax
(2023) TaxCorp(LJ) 32088 (ITAT-BANGALORE)
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