-
ITAT - Compensation received during AY 1997-98 for termination of agreement to use trademarks is capital receipt.
The ACIT. Vs. Smithkline Beecham Consumer Chan digarh Health Care, Ltd.
(2016) TaxCorp(LJ) 10110 (ITAT-CHANDIGARH)
-
HC (SB) - There is no law, which says that a firm cannot be a partner in another firm.
Megatrends Inc. vs. CIT
(2016) TaxCorp(LJ) 10109 (HC-MADRAS)
-
ITAT - “Over- technical approach” of Revenue is untenable. Revenue can't deny the benefit of concessional rate of tax on the ground that assessee did not fill up the “special income” schedule in the tax return.
Pramerica ASPF II Cyprus Holding Limited vs. DCIT
(2016) TaxCorp(LJ) 10108 (ITAT-MUMBAI)
-
ITAT - Claim of short term capital loss on assignment of loan advanced to its Indian subsidiary allowed. Assessee’s right to recover the sum advanced was not a capital asset u/s 2(14).
Siemens Nixdorf Informationsysteme GmbH vs. DDIT
(2016) TaxCorp(LJ) 10107 (ITAT-MUMBAI) · Section 2(14)
-
ITAT - Revenue couldn’t unearth any evidence/tangible material against the assessee, either during the course of assessment/ appellate proceedings to show that assessee made any unexplained/undisclosed payment.
Mahendrabhai B. Shrivastav vs. ITO
(2016) TaxCorp(LJ) 10106 (ITAT-AHMEDABAD)
-
S. 2(22)(d): Redemption of preference shares does not constitute "deemed dividend"
Uday K. Pradhan vs. ITO
(2016) TaxCorp(LJ) 10105 (ITAT-MUMBAI) · Section 2(22)(d)
-
S. 14A/ Rule 8D: No disallowance can be made on shares held as stock-in-trade
Paresh Pritamlal Mehta vs. ITO
(2016) TaxCorp(LJ) 10104 (ITAT-PUNE) · Section 14A
-
S. 263: As issue of whether TDS should bee u/s 194C or 194H is subject to two views, revision is not possible
Neo Sports Broadcast Pvt Ltd vs. CIT
(2016) TaxCorp(LJ) 10103 (ITAT-MUMBAI) · Sections 194C, 194H, 263
-
S. 43(5), Explanation to s. 73: Where the assessee is a dealer in shares, the entire business of share trading and derivatives should be treated as a composite business and aggregated before applying Explanation to s. 73
J.G.A. Shah Brokers P. Ltd vs. DCIT
(2016) TaxCorp(LJ) 10102 (ITAT-MUMBAI) · Sections 43(5), 73
-
S. 45/ 48: Deferred consideration dependent on a contingency does not accrue unless the contingency has occurred and is not liable to capital gains tax in year of transfer
CIT vs. Hemal Raju Shete
(2016) TaxCorp(LJ) 10101 (HC-BOMBAY) · Sections 45, 48
-
S. 50C does not apply to transfer of leasehold rights in land
Farid Gulmohamed vs. ITO
(2016) TaxCorp(LJ) 10100 (ITAT-MUMBAI) · Section 50C
-
HC - Cyprus notification upheld.
T. Rajkumar vs. UOI
(2016) TaxCorp(LJ) 10099 (HC-MADRAS)
-
HC - CBDT order rejecting refund to deductor in respect of TDS on penal interest paid to non-resident quashed.
CEAT LIMITED Vs. THE CENTRAL BOARD OF DIRECT TAXES & ORS.
(2016) TaxCorp(LJ) 10098 (HC-DELHI)
-
HC - Contributions received by assessee-association cannot be chargeable to tax merely because assessee invested surplus amount in mutual funds.
CIT. vs. Air Cargo Agents Association of India
(2016) TaxCorp(LJ) 10097 (HC-BOMBAY)
-
ITAT - Payment received by a US based company from providing web hosting services to Indian entities not taxable as “Royalty”.
Dy. Director of Income Tax (Int’l Taxation) Vs. Savvis Communication Corporation
(2016) TaxCorp(LJ) 10096 (ITAT-MUMBAI)
-
HC - Cyprus notification u/s 94A upheld as also CBDT Press Release dated Nov 1 , 2013.
T Rajkumar vs. CBDT
(2016) TaxCorp(LJ) 10095 (HC-MADRAS) · 94A
-
ITAT - Absent actual “rendition of service”, professional fees paid to common director disallowed u/s 37(1).
Stock Traders Pvt. Ltd. vs. ACIT
(2016) TaxCorp(LJ) 10094 (ITAT-MUMBAI)
-
S. 147: Reopening in the absence of fresh material and merely on change of opinion is nor permissible
Vijay Power Generators Ltd vs. ACIT
(2016) TaxCorp(LJ) 10093 (ITAT-DELHI) · Section 147
-
S. 145: Books of account cannot be rejected on an arbitrary basis
Samwon Precision Mould Mfg. (India) P. Ltd. vs. ITO
(2016) TaxCorp(LJ) 10092 (ITAT-DELHI) · Section 145
-
S. 68: Share application money received from an associate concern cannot be assessed as cash credits if assessee has discharged its initial onus to prove the identity, creditworthiness and genuineness of the transaction
DCIT vs. Overseas Infrastructures
(2016) TaxCorp(LJ) 10091 (ITAT-MUMBAI) · Section 68
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.