All landmark rulings

1. Direct Tax ·Delhi High Court · 04 Jun 2024
   Delhi HC Dismisses Lava International's Writ Petition Challenging CBDT's Denial of Condonation of Delay, Emphasizes Compliance with Statutory Timeframes

   Lava International Limited Vs Central Board of Direct Taxes & Anr.

   (2024) TaxCorp(LJ) 34035 (HC-DELHI)

2. Direct Tax ·ITAT Delhi · 04 Jun 2024
   Delhi ITAT Invalidates Assessments Concluded Without Mandatory Section 153D Approval, Allows Appeal with Caveat for AO to Produce Evidence

   Emaar MGF Land Limited Vs ACIT

   (2024) TaxCorp(LJ) 34034 (ITAT-DELHI)

3. Direct Tax ·Delhi High Court · 04 Jun 2024
   Delhi HC Upholds 15% Deduction Under Section 11(1) for Donations to Other Charitable Institutions, Clarifies Scope of Section 11(3)

   Jamnalal Bajaj Foundation Vs Commissioner of Income Tax

   (2024) TaxCorp(LJ) 34033 (HC-DELHI) · Section 11(1)

4. Direct Tax ·Delhi High Court · 03 Jun 2024
   Vagueness in Show Cause Notice Costs Revenue: Delhi HC Quashes Penalty Proceedings

   GE Capital Us Holdings Inc Vs DCIT

   (2024) TaxCorp(LJ) 34026 (HC-DELHI) · Section 270A

5. Direct Tax ·Delhi High Court · 03 Jun 2024
   House Property Loss Set-Off Limitation Upheld: Delhi HC

   Sanjeev Goyal Vs UNION OF INDIA

   (2024) TaxCorp(LJ) 34025 (HC-DELHI) · Section 31, 71(3A)

6. Direct Tax ·Delhi High Court · 03 Jun 2024
   Delhi High Court Rules Interest on Annulled Auction Sale as Capital Receipt, Not Chargeable to Tax

   INS Finance & Investment P. Ltd Vs Principal Commissioner of Income Tax-4

   (2024) TaxCorp(LJ) 34024 (HC-DELHI)

7. Direct Tax ·Allahabad High Court · 03 Jun 2024
   Allahabad High Court Sets Aside Reassessment Order Under Section 148A(d), Directs AO to Consider Factual Aspects Disclosed by Assessee During Scrutiny Assessment for AY 2017-18

   Mahesh Kumar Verma Vs Union Of India And 3 Others

   (2024) TaxCorp(LJ) 34023 (HC-ALLAHABAD) · Section 148A(d)

8. Direct Tax ·Delhi High Court · 03 Jun 2024
   Delhi HC Rules One-Time Voluntary Payment for Diminution in Stock Option Value as Capital Receipt, Not Taxable Perquisite

   Sanjay Baweja Vs Deputy Commissioner of Income Tax

   (2024) TaxCorp(LJ) 34022 (HC-DELHI) · Section 17(2)(vi)

9. Direct Tax ·Calcutta High Court · 01 Jun 2024
   Calcutta HC Upholds Penalty under Section 271(1)(c): Voluntary Disclosure Post-Search Does Not Absolve Assessee

   Thakur Prasad Sao & Sons Pvt Ltd Vs Principal Commissioner of Income Tax-1

   (2024) TaxCorp(LJ) 34015 (HC-CALCUTTA)

10. Direct Tax ·ITAT Bangalore · 01 Jun 2024
    Bangalore ITAT Deletes Penalty on IBM for Voluntary Disclosure of Seconded Employees' Salary, Relies on Abbey Business Judgment

    IBM Canada Limited Vs DCIT

    (2024) TaxCorp(LJ) 34014 (ITAT-BANGALORE)

11. Direct Tax ·ITAT Delhi · 01 Jun 2024
    Delhi ITAT Quashes Reassessment Notice and Order for Non-Resident Cricketer Due to Improper Service within Limitation Period

    Brett Lee Vs ACIT

    (2024) TaxCorp(LJ) 34013 (ITAT-DELHI)

12. Direct Tax ·ITAT Bangalore · 01 Jun 2024
    Bangalore ITAT Condones 2500-Day Delay in Filing Appeal, Cites Pursuit of Alternative Remedy as 'Sufficient Cause'

    Bethala Petropacks Pvt. Ltd Vs ACIT

    (2024) TaxCorp(LJ) 34012 (ITAT-BANGALORE)

13. Direct Tax ·Delhi High Court · 31 May 2024
    Delhi HC Quashes Reassessment Proceedings Against Caterpillar Group: Rejects Revenue's Contentions of Fixed Place PE, Service PE, and DAPE

    Progress Rail Locomotive Inc.(Formerly Electro Motive Diesel Inc.) Vs Deputy Commissioner of Income-Tax

    (2024) TaxCorp(LJ) 34006 (HC-DELHI)

14. Direct Tax ·ITAT Mumbai · 31 May 2024
    Mumbai ITAT Orders Interest on Delayed Refund of DDT Amounting to Rs. 2.70 Cr., Sets Aside Lower Authority's Decision

    Piem Hotels Limited Vs ACIT

    (2024) TaxCorp(LJ) 34005 (ITAT-MUMBAI) · Section 156

15. Direct Tax ·Foreign · 31 May 2024
    Delhi HC Rules One-Time Voluntary Payment for Diminution in Stock Option Value as Capital Receipt, Not Taxable Perquisite

    Siemens Aktiengesellschaft Vs Foreign Court Philippines

    (2024) TaxCorp(LJ) 34004 (FOREIGN)

16. Direct Tax ·ITAT Mumbai · 30 May 2024
    Mumbai ITAT Dismisses Revenue’s Miscellaneous Application, Upholds Earlier Judgment on PF and ESIC Contributions

    ANI Integrated Services Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34003 (ITAT-MUMBAI)

17. Direct Tax ·ITAT Chennai · 30 May 2024
    Chennai ITAT Sets Aside Rs. 10.92 Cr Penalty Under Section 270A(9) for Lack of Specificity in Penalty Notice

    Enrica Enterprises Pvt. Ltd Vs The Dy. Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34002 (ITAT-CHENNAI)

18. Direct Tax ·ITAT Surat · 30 May 2024
    ITAT Surat Rules on Allowable Expenditure for Partner's Remuneration and Interest: Partial Deduction Granted for Car Expenses

    RAJESH NATVARLAL NARIELWALA VERSUS THE ACIT, CIRCLE -1, BHARUCH

    (2024) TaxCorp(LJ) 34001 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=111773&Category=ITAT&CategoryType=Zip

19. Direct Tax ·ITAT Mumbai · 30 May 2024
    ITAT Mumbai: IBC 2016 Prevails Over Income Tax Act, Assessee's Appeal Restored for Adjudication on Merits Despite Liquidation Process

    M/S VARUN RESOURCES LIMITED VERSUS INCOME TAX OFFICER 5 (3) (1) , MUMBAI

    (2024) TaxCorp(LJ) 33999 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=111775&Category=ITAT&CategoryType=Zip

20. Direct Tax ·Calcutta High Court · 30 May 2024
    Calcutta High Court Upholds Validity of Reassessment Proceedings, Overturns ITAT's Perverse Finding on Change of Opinion

    PRINCIPAL COMMISSIONER OF INCOME TAX, KOLKATA-III, KOLKATA VS M/S. I.T.C. LIMITED

    (2024) TaxCorp(LJ) 33997 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=92587&Category=Judgment&CategoryType=Zip

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