Direct Tax landmark rulings

1. Delhi High Court · 06 May 2016
   HC - Cancellation of sale certificate and sale deed in relation to an immovable property is not taxable u/s 10(3) as “casual and non-recurring” sum

   Girish Bansal vs. UOI

   (2016) TaxCorp(LJ) 10170 (HC-DELHI) · Section. 10(3)

2. Delhi High Court · 05 May 2016
   HC - In proceedings u/s 153A, existence of incriminating material in all years is necessary during block-assessment.

   Pr. CIT. vs. Lata Jain

   (2016) TaxCorp(LJ) 10169 (HC-DELHI) · Section. 153A

3. Madras High Court · 05 May 2016
   HC - When assessee had complied with the provisions of the Act, ITAT should not have refused to condone the delay on this ground.

   Wayne Burt Petro Chemicals (P) Ltd. vs. ITAT, ACIT

   (2016) TaxCorp(LJ) 10168 (HC-MADRAS)

4. Supreme Court · 05 May 2016
   SC - SLP dismissed - HC was justified in deleting interest levied u/s 234A/B/C as Revenue had failed to adjust seized cash.

   CIT. vs. Sunil Chandra Gupta

   (2016) TaxCorp(LJ) 10167 (SC) · Secton. 234A/B/C

5. ITAT Chandigarh · 05 May 2016
   ITAT - Service-tax to be excluded from “income from house-property” as there is no element of income therein.

   Anil Gupta vs. ACIT

   (2016) TaxCorp(LJ) 10166 (ITAT-CHANDIGARH)

6. Delhi High Court · 05 May 2016
   HC - Belief of AO that difference in purchase price and book value of shares is taxable u/s 28 is merely change of opinion. Reassessment quashed.

   UNITECH HOLDINGS LIMITED Vs. DEPUTY COMMISSIONER OF INCOME TAX

   (2016) TaxCorp(LJ) 10165 (HC-DELHI)

7. ITAT Bangalore · 05 May 2016
   ITAT - Research that goes into development of modern LCA or helicopter is scientific-research. Eligible u/s 35(1)(iv).

   Hindustan Aeronautics Ltd. vs. ACIT

   (2016) TaxCorp(LJ) 10164 (ITAT-BANGALORE) · Section. 35(1)(iv)

8. Delhi High Court · 04 May 2016
   HC - Activities carried out by assessee’s Indian subsidiary doesn’t constitute a PE in India.

   NORTEL NETWORKS INDIA INTERNATIONAL INC. Vs. THE DIRECTOR OF INCOME TAX –I

   (2016) TaxCorp(LJ) 10163 (HC-DELHI)

9. Karnataka High Court · 03 May 2016
   HC - Entitlements earned on sale of carbon- credit is a capital receipt.

   Subhash Kabini Power Corporation Ltd. Vs. CIT

   (2016) TaxCorp(LJ) 10162 (HC-KARNATAKA)

10. ITAT Ahmedabad · 02 May 2016
    ITAT - Income earned from slot chartering in certain vessels sailing from Port of India is not taxable in India under Article 8 of India-Indonesia DTAA.

    K Cargo Global Agencies, Indonesia vs. ITO

    (2016) TaxCorp(LJ) 10161 (ITAT-AHMEDABAD)

11. Delhi High Court · 02 May 2016
    HC - AO’s determination of foreign income by allocating expenses between domestic income and foreign income on a proportionate basis upheld.

    Continental Carriers vs. CIT

    (2016) TaxCorp(LJ) 10160 (HC-DELHI) · Section. 80O

12. ITAT Pune · 29 Apr 2016
    ITAT - If the undertaking is carrying out integrated activities by employing hired labourers or by taking warehousing facilities on rent and hiring transportation facilities, the undertaking is eligible to claim deduction u/s. 80IB(11A)

    Anurag Radhesham Attal vs. ITO

    (2016) TaxCorp(LJ) 10159 (ITAT-PUNE) · Section. 80IB(11A)

13. Delhi High Court · 29 Apr 2016
    HC - Revenue’s adjustment u/s 245 without affording an opportunity of being heard to assessee is not valid.

    Vijay Singh Kadan vs. CCIT

    (2016) TaxCorp(LJ) 10158 (HC-DELHI) · Section. 245

14. Supreme Court · 28 Apr 2016
    SC - HC justified in excluding period for which interim stay against special audit direction u/s 142(2A) was in operation for counting period of limitation for passing block assessment order.

    VLS Finance Limited Vs. COMMISSIONER OF INCOME TAX & ANR.

    (2016) TaxCorp(LJ) 10157 (SC)

15. Madras High Court · 28 Apr 2016
    HC - To fall under the ambit of Sec 73 explanation, there should be a “business” of speculative transactions. Loss on share-sale transaction for assessee engaged in manufacturing, not speculative.

    Rajapalayam Mills Limited vs. DCIT

    (2016) TaxCorp(LJ) 10156 (HC-MADRAS) · Section. 73

16. ITAT Pune · 28 Apr 2016
    ITAT - No TDS u/s 195 on commission payment to foreign agent for obtaining purchase order from Indian subsidiary of a foreign company.

    Accurate Engineering Co. Pvt. Ltd. vs. DCIT

    (2016) TaxCorp(LJ) 10155 (ITAT-PUNE)

17. ITAT Mumbai · 28 Apr 2016
    ITAT - No penalty u/s 271(1)(c) where under-reporting was attributed to online tax-filing portal's mistake.

    Richa Dubey vs. ITO

    (2016) TaxCorp(LJ) 10154 (ITAT-MUMBAI)

18. Madras High Court · 28 Apr 2016
    S. 195/ 40(a)(ia): Commission paid to a non-resident for services rendered outside India is not chargeable to tax in India and is not liable for TDS. Insertion of Explanation 4 to s. 9(1)(i) and Explanation 2 to s. 195(1) by FA 2012 w.r.e.f. 01.04.1962 and insertion of Explanation below s. 9 (2) by FA 2010, w.r.e.f. 01.06.1976 makes no difference to the law

    CIT vs. Farida Leather Company

    (2016) TaxCorp(LJ) 10153 (HC-MADRAS) · Sections 195, 40(a)(ia)

19. ITAT Mumbai · 28 Apr 2016
    S. 54F: The demolition of a structure does not amount to a "transfer". It is not correct to contend that Vania Silk Mills 191 ITR 647 (SC) is overruled by Grace Collis 248 ITR 323 (SC). Lower authorities cannot refuse to apply binding High Court judgements on the basis that the High Court has not considered a Supreme Court judgement

    Dilip Manhar Parekh vs. DCIT

    (2016) TaxCorp(LJ) 10152 (ITAT-MUMBAI) · Section 54F

20. ITAT Mumbai · 27 Apr 2016
    ITAT - Reopening of assessment which is contrary to the binding precedence of the Jurisdictional High Court is invalid in law and cannot be sustained.

    Travotel (India) Pvt Ltd. vs. ITO

    (2016) TaxCorp(LJ) 10151 (ITAT-MUMBAI)

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