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HC - Writ Dismissed - Absence of “precise” reasons in the notice issued u/s 127 is not fatal infirmity.
Ravneet Takhar vs. CIT
(2016) TaxCorp(LJ) 11531 (HC-DELHI) · Section. 127
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HC - Writ Allowed - The Tribunal was bound to consider alternative plea raised by the assessee at the hearing.
Parmanand Builders Pvt. Ltd. vs. CIT
(2016) TaxCorp(LJ) 11530 (HC-BOMBAY)
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HC - Writ Dismissed - Centralisation of case u/s 127 for coordinated post search investigation and meaningful assessment is valid.
M. K. Overseas Pvt. Ltd., Chaudhary Skin Trading Company vs. Pr. CIT
(2016) TaxCorp(LJ) 11529 (HC-DELHI) · Section. 127
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HC - For the purpose of sec. 80-O, the services may be rendered from India, but have to be performed on foreign soil.
Commissioner of Income-Tax Versus Ramnath and Co., Concord International, Laxmi Agencies
(2016) TaxCorp(LJ) 11528 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=66751&Category=Judgment&CategoryType=Zip
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HC - Once it is held that interest under Section 234C is mandatory and automatic, then the reason, or the cause for the delay and justification for deferment of payment of advance tax, is immaterial.
M/s. MRF Ltd. Versus The Deputy Commissioner of Income-Tax, LTU
(2016) TaxCorp(LJ) 11527 (HC-MADRAS) · http://taxcorp.in/FileOpenDT.aspx?ID=66775&Category=Judgment&CategoryType=Zip
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ITAT - In case of delay in rectification of return u/s 139(9), refund cannot be allowed.
Shakti Bhog Foods Limited Versus Deputy Commissioner Of Income Tax & Anr.
(2016) TaxCorp(LJ) 11526 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66410&Category=Judgment&CategoryType=Zip
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HC - Not correct to hold that the deduction u/s 32AB is allowable with reference to the profit of the business as a whole and not in respect of the profit of any particular unit.
Harsiddh Specific Family Trust Versus A.C.I.T.
(2016) TaxCorp(LJ) 11525 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66809&Category=Judgment&CategoryType=Zip
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HC - Since assessee has raised loans and paid interest and forwarded the same for non-business consideration, the interest cannot be allowed u/s 37.
Nav Bharat Buildcon (P) Ltd. Versus D.C.I.T. (Inv. Circle), Commissioner of Income Tax, Ajmer
(2016) TaxCorp(LJ) 11524 (HC-RAJASTHAN) · http://taxcorp.in/FileOpenDT.aspx?ID=66819&Category=Judgment&CategoryType=Zip
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ITAT - While the relief in the cases of economic double taxation due to application of arm’s length standards under article 9(1) is available under article 9(2), no such relief is available, under article 9(2), in respect of the juridical double taxation caused by the application of arm’s length standards.
Shell Global Solutions International BV Versus Deputy Director of Income Tax (International Taxation) -1, Ahmedabad
(2016) TaxCorp(LJ) 11523 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=52172&Category=ITAT&CategoryType=Zip
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ITAT - Income earned by the assessee-trust from providing right to use of a property owned by it cannot be construed to be an income from business activity. Exemption u/s 11 & 12 cannot be denied.
The Pathare Prabhu Charities Versus ITO (Exemptions) -11 (1), Mumbai
(2016) TaxCorp(LJ) 11522 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52206&Category=ITAT&CategoryType=Zip
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ITAT - Expenses incurred on up-gradation of software are revenue in nature.
Directi Internet Solutions Pvt. Ltd. Versus ACIT-5 (1), Mumbai and DCIT-5 (1), Mumbai
(2016) TaxCorp(LJ) 11521 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52207&Category=ITAT&CategoryType=Zip
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SC - CIT(A) has powers to examine the validity of search operations carried out u/s 132.
Eee Dee Aluminium Ltd. Vs. DDIT
(2016) TaxCorp(LJ) 11520 (SC) · Section. 246A
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HC - Writ dismissed - Chief Commissioner’s had rejected u/s 119(2) assessee’s application for waiver of interest u/s 234A/B/C for non-payment of advance tax on capital gains.
Humayun Suleman Merchant vs. CCIT
(2016) TaxCorp(LJ) 11519 (HC-BOMBAY) · Section. 234A/B/C
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SC - SLP Dismissed - HC had held that assessee has adequately discharged its onus u/s 68 with respect to identity, capacity and credit worthiness of lead manager of FCCB and not genuineness of actual subscribers.
CIT. vs. Reliance Communication Ltd.
(2016) TaxCorp(LJ) 11518 (SC)
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ITAT - Payment to brothers for getting the premises vacated is allowable as cost of improvement on sale of house property u/s 48.
Nanubhai Keshavlal Chokshi HUF vs. ITO
(2016) TaxCorp(LJ) 11517 (ITAT-AHMEDABAD)
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ITAT - TDS u/s 192 and not sec. 194C is applicable on payment of wages to the labourers.
ITO Ward-2 (2), Hooghly Versus Ratna Mukherjee (L/h of Late Kamal Mukherjee)
(2016) TaxCorp(LJ) 11516 (ITAT-KOLKATA) · http://taxcorp.in/FileOpenDT.aspx?ID=52153&Category=ITAT&CategoryType=Zip
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ITAT - Penalty u/s.271AAA not valid where cash amount surrendered during course of search for which due taxes were deposited with interest.
Shri Narpat Mehta Versus ACIT – CC-23, Mumbai
(2016) TaxCorp(LJ) 11515 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52156&Category=ITAT&CategoryType=Zip
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HC - Where the sale of immovable property has not been made within three years as required under Rule 68B to Second Schedule to the Act, the effect would be the attachment order of the said property deemed to be vacated.
SRI K. VENKATESH DUTT, S/O. K.S. DATTATREYA Versus THE TAX RECOVERY OFFICER, RANGE-7, BENGALURU
(2016) TaxCorp(LJ) 11514 (HC-KARNATAKA) · http://taxcorp.in/FileOpenDT.aspx?ID=66791&Category=Judgment&CategoryType=Zip
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HC - Assessee did not have a case that the wife was earning her salary on account of her technical or professional knowledge or experience. Payment made by the assessee to his wife would not qualify for the benefit of proviso to Section 64 (1)(ii).
S. GOPALAKRISHNAN, ARSHIK HERBAL REMEDIES (INDIA), Versus COMMISSIONER OF INCOME TAX, THIRUVANANTHAPURAM
(2016) TaxCorp(LJ) 11513 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=66792&Category=Judgment&CategoryType=Zip
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ITAT - Right to use distribution network does not result in creation of any intangible asset since none of the parties had paid any amount to the distributors. Depreciation rightly disallowed invoking Explanation 3 to Sec 43(1).
Sanyo BPL Pvt. Ltd. vs. DCIT
(2016) TaxCorp(LJ) 11512 (ITAT-BANGALORE) · Section. 43
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