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HC - Writ Allowed - Even though no express time limitation is provided for in Sec. 201, show cause notice must be issued within a 'reasonable' time.
Bharti Airtel Ltd. Vs. UOI AND ANR.
(2016) TaxCorp(LJ) 11693 (HC-DELHI)
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HC - Not correct to hold that TDS u/s 194J was applicable on payment to contractors (EPC-contract) based on the level of human intervention of technical personnel involved, as against Sec. 194C.
Bharat Heavy Electricals Vs. Pr. Commissioner of Income Tax
(2016) TaxCorp(LJ) 11692 (HC-P&H) · Section. 194J
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HC - Writ Allowed - Word ‘shall’ used in Sec 245D(4A) suggests that the timeline is mandatory and not directory.
RNS Infrastructure Limited vs. Income Tax Settlement Commissioner and others
(2016) TaxCorp(LJ) 11691 (HC-KARNATAKA) · Section. 245D(4A)
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HC - Where AO was satisfied with income attributable under article 9 of India-Denmark DTAA in respect of 141 ships out of 145 ships, then revenue could not bring income of remaining 4 ships to tax in India under section 9.
Director of Income-tax (IT)-I, Mumbai v. A.P. Moller Maersk A/S
(2016) TaxCorp(LJ) 11690 (HC-BOMBAY) · http://taxcorp.in/FileOpenINTL.aspx?ID=10900&Category=INTLDecisions&CategoryType=Zip
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HC - Where no agreement between two Jurisdictional Commissioners as required u/s 127 for transfer of case was shown by revenue, impugned order of transfer could not be upheld.
Noorul Islam Educational Trust v. Commissioner of Income-tax-I
(2016) TaxCorp(LJ) 11689 (SC) · http://taxcorp.in/FileOpenDT.aspx?ID=66626&Category=Judgment&CategoryType=Zip
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ITAT - Before 1-10-2014, AO could not make a reference to valuation officer without rejecting books of account and relying on valuation officer's report addition could not be made under section 69.
Westland Buildtech (P.) Ltd. v. Income-tax Officer, Ward- 18 (3), New Delhi
(2016) TaxCorp(LJ) 11688 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53583&Category=ITAT&CategoryType=Zip
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ITAT - Where labourers were supplied by sub-contractors and sub-contractors were paid in cash against self-made vouchers, the same to be disallowed as assessee was unable to point out as to how he had made all the payments in cash by way of self-made vouchers.
Deputy Commissioner of Income-tax, Cir.2, Jungadh v. Jagabhai Bhayabhai Wagh
(2016) TaxCorp(LJ) 11687 (ITAT-RAJKOT) · http://taxcorp.in/FileOpenDT.aspx?ID=53582&Category=ITAT&CategoryType=Zip
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HC - In respect of proceedings for recovery u/s 179, before the issue of interpretation of the word 'Tax due' can be decided, the factual aspect of the amount due on account of tax and interest from the defaulting company has to be ascertained.
Nandkishor Kagliwal, Director M/s. Jeevan Investment & Finance Pvt. Ltd. Versus Income Tax Officer, Ward 1 (2) (1) & Others
(2016) TaxCorp(LJ) 11686 (HC-BOMBAY) · http://taxcorp.in/FileOpenDT.aspx?ID=67987&Category=Judgment&CategoryType=Zip
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ITAT - Even though assessee failed to furnish the information or documents u/s 92D yet assessee had made the sufficient compliance for maintaining the record as required u/s 92D r.w. Rule 10D and also there was no recommendation by the TPO for initiating any penalty proceeding u/s 271AA. Therefore, no penalty under section 271AA.
Cadbury Schweppes Overseas Ltd. C/o Cadbury House Versus Assistant Director of Income Tax, (International Taxation) -1 (2), Mumbai
(2016) TaxCorp(LJ) 11685 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenINTL.aspx?ID=10963&Category=INTLDecisions&CategoryType=Zip
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ITAT - No addition on foreign exchange gain on restatement of liability as the same is contingent gain.
DCIT, Circle-12, 3, Govt. Place (West), Kolkata-1 Versus Usha Martin Telematics Limited
(2016) TaxCorp(LJ) 11684 (ITAT-KOLKATA) · http://taxcorp.in/FileOpenDT.aspx?ID=53544&Category=ITAT&CategoryType=Zip
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ITAT - Four days time to submit details in such a case is not at all reasonable from any stretch of imagination. No penalty u/s 271(1)(b) for non attendance of the assessee.
Shree Agrawal Oil Industries (P) Ltd. Versus Asstt. Commissioner of Income-tax, Nagpur
(2016) TaxCorp(LJ) 11683 (ITAT-NAGPUR) · http://taxcorp.in/FileOpenDT.aspx?ID=53545&Category=ITAT&CategoryType=Zip
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ITAT - TDS u/s 192 is applicable on addition of payment/reimbursement of amount on account of salary, relocation and other related costs of expatriate employees.
M/s. Intel Corporation, C/o Intel Technology India Pvt. Ltd. Versus Dy. Director of Income Tax, (International Taxation), Circle 1 (1), Bangalore.
(2016) TaxCorp(LJ) 11682 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenINTL.aspx?ID=10906&Category=INTLDecisions&CategoryType=Zip
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ITAT - Since it is a technical breach on the part of the assessee as the audit report could not be uploaded on account of site/ server problem of the system and also this is first time when assessee was required to e-file the audit report, No penalty u/s 271B.
Smt. Raj Kumari Bafna, Prop. M/s. Kesharia Cotton Suppliers Versus The ITO, Ward- 1, Beawar
(2016) TaxCorp(LJ) 11681 (ITAT-JAIPUR) · http://taxcorp.in/FileOpenDT.aspx?ID=53552&Category=ITAT&CategoryType=Zip
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HC - It is not that if a contract does not fall within the ambit of Section 194C, it must be deemed to fall within the ambit of Section 194J. Sections 194C and 194J are independent provisions.
Pr. Commissioner of Income Tax, TDS-II, Chandigarh Versus The Senior Manager (Finance), Bharat Heavy Electricals Ltd., Jhajjar.
(2016) TaxCorp(LJ) 11680 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=67975&Category=Judgment&CategoryType=Zip
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SC - No interest u/s 234B/C can be levied on employee for employer's TDS default.
Ian Peter Morris vs. ACIT
(2016) TaxCorp(LJ) 11679 (SC) · Section. 234B/C
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SC - Writ Dismissed - Taxpayer’s challenge to IDS-2 scheme (Pradhan Mantri Garib Kalyan Yojna, 2016) dismissed.
Siddharth Mehta Vs. Union Of India And Anr.
(2016) TaxCorp(LJ) 11678 (SC)
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HC - Society held Govt. grant only as a custodian, therefore neither grant nor interest thereon could be held as income.
Karnataka Municipal Data Society v. Income-tax Officer, Ward-9(2), Bangalore
(2016) TaxCorp(LJ) 11677 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=66647&Category=Judgment&CategoryType=Zip
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HC - Assessee was under severe financial crisis thus, he suffered losses and faced genuine hardship, delay in filing return to be condoned.
M. Rajan v. Principal Commissioner of Income-tax, Calicut
(2016) TaxCorp(LJ) 11676 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=66586&Category=Judgment&CategoryType=Zip
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HC - Before making a reference to TPO, Assessing Officer failed to deal with objection as per Instruction No. 3/2016, issued by CBDT, reference to TPO set aside.
Alpha Nipon Innovatives Ltd. v. Deputy Commissioner of Income-tax, Circle 1(1)(1)&1
(2016) TaxCorp(LJ) 11675 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=67974&Category=Judgment&CategoryType=Zip
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ITAT - Income in respect of sale of plots by a developer can be recognized only in the year in which conveyance deed executed is registered in favour of the buyers and development expenditure incurred is allowed as expenditure or the expenditure likely to be incurred on the plots sold as expenditure.
S.K. Properties v. Income-tax Officer, Ward-1(2), Bangalore
(2016) TaxCorp(LJ) 11674 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=53541&Category=ITAT&CategoryType=Zip
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