Direct Tax landmark rulings

1. ITAT Kolkata · 24 Nov 2015
   Search and seizure are reasonable cause for delay in filing & Payment of Wealth Tax

   Loknath Prasad Gupta Vs. DCIT

   (2016) TaxCorp(LJ) 9860 (ITAT-KOLKATA)

2. ITAT Hyderabad · 28 Aug 2015
   Assessment completed by AO relying on estimations cannot be remanded back by CIT to reverify some aspects of estimation relied on

   Sri Surakshitha Homes vs. ITO

   (2016) TaxCorp(LJ) 9859 (ITAT-HYDERABAD) · Section 40A(3)

3. ITAT Delhi · 26 Aug 2015
   Unilateral claim based on internally generated documents without any independent evidence cannot be allowed as business expenditure

   DCIT. vs. M/s Leroy Somer& Controls (India) P. Ltd.

   (2016) TaxCorp(LJ) 9858 (ITAT-DELHI)

4. Madras High Court · 14 Jul 2015
   Interest on TDS deduction default not sustainable, where tax liability of deductor is NIL

   M/s. Anusha Investments Ltd. vs. ITO

   (2016) TaxCorp(LJ) 9857 (HC-MADRAS) · Section 195

5. ITAT Mumbai · 15 Jan 2016
   Sec. 80P Principle of mutuality applies to Transfer fees, Non-occupancy/ Car parking charges

   Lands End Co-operative Housing Society Limited vs. ITO

   (2016) TaxCorp(LJ) 9856 (ITAT-MUMBAI) · Section. 80P

6. Karnataka High Court · 14 Dec 2015
   No addition u/s 41(1) for unclaimed stale Drafts / Pay Orders if liability to pay back not ceased

   CIT. & ACIT. vs. Karnataka Vikas Grameen Bank

   (2016) TaxCorp(LJ) 9855 (HC-KARNATAKA) · Section. 41(1)

7. Karnataka High Court · 25 Jan 2016
   Penalty U/S 271(1) (C) Not Maintainable In Absence Of Proper Notice

   M/s. Safina Hotels Private Limited vs. CIT & DCIT

   (2016) TaxCorp(LJ) 9854 (HC-KARNATAKA) · Section. 271(1) (C)

8. Delhi High Court · 11 Feb 2016
   HC - Disallowance of commission payments made by the assessee based on uncontroverted statements made by the Chartered Accountant.

   Roger Enterprises P. Ltd. vs. CIT

   (2016) TaxCorp(LJ) 9849 (HC-DELHI)

9. ITAT Mumbai · 12 Feb 2016
   ITAT - No sec. 271(1)(c) penalty for assessee’s failure to disclose interest on income- tax refund in revised return which was disclosed in original return.

   GE Asset Management Incorporated vs. DDIT

   (2016) TaxCorp(LJ) 9845 (ITAT-MUMBAI)

10. ITAT Mumbai · 12 Feb 2016
    ITAT - Exemption u/s 10(23FB) available to a a SEBI registered VCF on its entire income. AO is not authorized to examine compliance with SEBI regulations.

    DHFL Venture Capital Fund vs. ITO

    (2016) TaxCorp(LJ) 9842 (ITAT-MUMBAI) · Section. 10(23FB)

11. ITAT Rajkot · 11 Feb 2016
    ITAT - AO to rectify glaring and apparent mistake in assessment order u/s 143(3).

    ACIT. vs. Rupam Impex

    (2016) TaxCorp(LJ) 9838 (ITAT-RAJKOT) · Section. 154

12. ITAT Mumbai · 11 Feb 2016
    ITAT - AO’s order without claim in respect of provision made for contingent liability, erroneous and prejudicial to interest of Revenue. Insertion of Explanation 2 to Section 263 by the Finance Act, 2015 is declaratory & clarificatory in nature

    Crompton Greaves Ltd. vs. CIT

    (2016) TaxCorp(LJ) 9837 (ITAT-MUMBAI) · Section. 263

13. ITAT Kolkata · 11 Feb 2016
    ITAT - Income from transfer of factory-land pursuant to a JDA entered with builder, assessable as “Capital Gains” and not “Business Income”.

    DCIT. vs. Eveready Industries India Ltd.

    (2016) TaxCorp(LJ) 9836 (ITAT-KOLKATA)

14. Karnataka High Court · 12 Feb 2016
    S. 271(1)(c)/ 271(1-B): If the notice is issued without application of mind (by striking out the relevant part in the notice), the penalty proceedings are invalid

    Safina Hotels Private Limited vs. CIT

    (2016) TaxCorp(LJ) 9835 (HC-KARNATAKA) · Sections 271(1)(c), 271(1-B)

15. Delhi High Court · 12 Feb 2016
    S. 9(1)(vi) vs. Article 12 of DTAA: The retrospective amendment to s. 9(1)(vi) so as to supersede the law laid down in Asia Satellite 332 ITR 340 (Del) and assess transmission fees as “royalty” has no impact on assessees covered by DTAA because a corresponding amendment has not been made to the definition of “royalty” therein. Amendments to domestic law do not affect the DTAA

    DIT vs. New Skies Satellite BV

    (2016) TaxCorp(LJ) 9834 (HC-DELHI) · Section 9(1)(vi)

16. Delhi High Court · 11 Feb 2016
    HC - Amended definition of ‘royalty’ vide Finance Act 2012 will not impact the definition under the DTAA.

    DIT. vs. New Skies Satellite BV

    (2016) TaxCorp(LJ) 9833 (HC-DELHI)

17. Supreme Court · 11 Feb 2016
    SC - Doctrine of lifting the veil can be invoked if the public interest so requires or if there is allegation of violation of law by using the device of a corporate entity.

    State Of Rajasthan & Ors vs. Gotan Lime Stone Khanji Udyog Pvt. Ltd. & Anr.

    (2016) TaxCorp(LJ) 9832 (SC)

18. ITAT Chennai · 11 Feb 2016
    ITAT - Payment by a French company to its AE in USA for providing technical services with respect to its contract in India amounts to FTS under India-US DTAA and consequently TDS u/s 195 applicable.

    Foster Wheeler France S.A. vs. DDIT

    (2016) TaxCorp(LJ) 9831 (ITAT-CHENNAI)

19. ITAT Delhi · 11 Feb 2016
    ITAT - License-fees paid by assessee to NDMC pursuant to High Court’s interim directions is not contingent liability absent direction for refund.

    C.J. International Hotels Ltd. vs. DCIT

    (2016) TaxCorp(LJ) 9830 (ITAT-DELHI) · Section. 37

20. ITAT Delhi · 10 Feb 2016
    ITAT - Income received by investor from VCC/VCF is deemed to be of same nature and proportion as accruing to the VCC/ VCF for the purpose of sec. 115U.

    Japan International Cooperation Agency vs. DDIT

    (2016) TaxCorp(LJ) 9829 (ITAT-DELHI) · Section. 115U

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