All landmark rulings

1. Direct Tax ·ITAT Jodhpur · 24 May 2024
   Jodhpur ITAT Rules on Additions Made on Basis of Cash Received for Termination of Property Purchase Agreement and Business Expenses Related to Disputed Agreements

   AZRA PRAVEEN LH MOHAMMAD AKIL SHAIKH VERSUS DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, UDAIPUR

   (2024) TaxCorp(LJ) 33958 (ITAT-JODHPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=111702&Category=ITAT&CategoryType=Zip

2. Direct Tax ·Calcutta High Court · 24 May 2024
   Calcutta HC Denies Sec 80IB Deduction on Profits from Repairs & Maintenance Service of Moulds, Holds No Direct Nexus with Manufacturing Activity

   RAJESH KUMAR DROLIA (HUF) VERSUS COMMISSIONER OF INCOME TAX (CENTRAL-III) , KOLKATA

   (2024) TaxCorp(LJ) 33954 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=92569&Category=Judgment&CategoryType=Zip

3. Direct Tax ·Calcutta High Court · 23 May 2024
   Calcutta High Court Upholds Tax Liability for Foreign Company, Dismisses Appeal

   The Royal Bank of Scotland N.V. Vs Commissioner of Income Tax

   (2024) TaxCorp(LJ) 33953 (HC-CALCUTTA) · Section 90

4. Direct Tax ·Supreme Court · 23 May 2024
   Supreme Court Affirms Filing of Sec. 44AB Report as Financial Statements Prepared for Bank Purposes Despite DGCEI's Seizure, Confirms Penalty

   Laurel Wires Ltd Vs The Income Tax Officer

   (2024) TaxCorp(LJ) 33952 (SC) · Section 44AB

5. Direct Tax ·ITAT Delhi · 23 May 2024
   Delhi ITAT Sets Aside Section 263 Order, Holds Invocation of Revision Solely Based on AO's Proposal Untenable Sans Independent Application of Mind

   Ahlcon Parenterals (India) Ltd Vs Pr. CIT-3

   (2024) TaxCorp(LJ) 33951 (ITAT-DELHI)

6. Direct Tax ·Allahabad High Court · 22 May 2024
   Allahabad High Court Expounds Conditions for Initiating Section 148A Proceedings, Holds Revenue Not Obligated to Deal with Objections Individually

   Rahul Sachan Vs Income Tax Officer

   (2024) TaxCorp(LJ) 33944 (HC-ALLAHABAD) · Section 148A

7. Direct Tax ·ITAT Chandigarh · 22 May 2024
   Chandigarh ITAT Holds Revision Under Section 263 Invalid, Finds AO Examined Section 80P Claim with Due Application of Mind

   The Mullanpur Garibdas Co-operative Multipurpose Society Vs The PCIT-II

   (2024) TaxCorp(LJ) 33943 (ITAT-CHANDIGARH) · Section 80P

8. Direct Tax ·ITAT Delhi · 21 May 2024
   Delhi ITAT Rules That Treating All Services as Consultancy Based on One Term of Agreement is Untenable; Providing Information on Tariff Change is Not FTS

   Lx Pantos India Private Limited Vs ACIT

   (2024) TaxCorp(LJ) 33936 (ITAT-DELHI)

9. Direct Tax ·HP High Court · 21 May 2024
   Punjab and Haryana High Court Quashes 153A Proceedings Initiated Without Search, Holds 'Panchnama' Not Authorization to Conduct Search

   Misty Meadows Private Limited Vs Union of India and others

   (2024) TaxCorp(LJ) 33935 (HC-HP) · Section 153A

10. Direct Tax ·Delhi High Court · 21 May 2024
    Delhi High Court Holds Sec. 153D Approval to be Accorded for "Each Assessment Year" Separately, Mechanical Approval Invalidates Assessment

    Shiv Kumar Nayyar Vs PR. COMMISSIONER OF INCOME TAX -15

    (2024) TaxCorp(LJ) 33934 (HC-DELHI) · Section 153D

11. Direct Tax ·ITAT Mumbai · 20 May 2024
    Mumbai ITAT Holds Notice Issued by NaFAC to Foreign Banking Company Valid, Jurisdiction Extends to International Taxation Charge Cases

    BNP Paribas Vs ACIT

    (2024) TaxCorp(LJ) 33927 (ITAT-MUMBAI) · Section 143(2)

12. Direct Tax ·Supreme Court · 20 May 2024
    Supreme Court Upholds Constitutional Validity of Tax Audit Limits for CAs, Quashes Disciplinary Proceedings

    Shaji Poulose & Others Vs INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA & OTHERS

    (2024) TaxCorp(LJ) 33926 (SC)

13. Direct Tax ·Delhi High Court · 20 May 2024
    Delhi High Court Allows Assessee's Application under DTVSV Act, Holds Appeal Pendency on Specified Date Not Affected by CIT(A)'s Dismissal on Limitation

    PT Bukaka Teknik Utama Vs Commissioner of Income Tax (It)

    (2024) TaxCorp(LJ) 33925 (HC-DELHI)

14. Direct Tax ·Supreme Court · 19 May 2024
    Supreme Court Waives Interest on Telcos Post Capital vs Revenue Expense Judgment

    Bharti Hexacom Ltd. & Others Vs C.I.T.

    (2024) TaxCorp(LJ) 33918 (SC)

15. Direct Tax ·ITAT Delhi · 18 May 2024
    Delhi ITAT Upholds Partial Rejection of Books Due to Closing Stock Discrepancies and Varied Gross Profit Margins

    GRP Auto Vs JCIT

    (2024) TaxCorp(LJ) 33917 (ITAT-DELHI)

16. Direct Tax ·ITAT Mumbai · 18 May 2024
    Mumbai ITAT Rules on Applicability of Section 194LBC on 'Excess Interest Spread' Paid by Securitisation Trust

    Syamantaka IFMR Capital 2017 Vs Income Tax Officer

    (2024) TaxCorp(LJ) 33916 (ITAT-MUMBAI) · Section 194LBC

17. Direct Tax ·ITAT Mumbai · 18 May 2024
    Mumbai ITAT Holds Rectification Order Passed on Non-Existent Entity Despite Knowledge of Merger, Non-Est

    IDBI Bank Ltd Vs DCIT

    (2024) TaxCorp(LJ) 33915 (ITAT-MUMBAI)

18. Direct Tax ·ITAT Pune · 18 May 2024
    Pune ITAT Holds Indication of Disallowance in Tax Audit Sine Qua Non to Invoke Sec. 143(1)(a)(iv)

    Sandvik Coromant India Pvt. Ltd Vs The Dy.Commissioner of Income Tax

    (2024) TaxCorp(LJ) 33914 (ITAT-PUNE) · Section 143(1)(a)(iv)

19. Direct Tax ·Foreign · 17 May 2024
    Italian Tax Authorities Deny Refund to Italian National Working in UAE Due to Lack of Tax Residency Certificate and Evidence of Taxes Paid

    Livio Orlandi Contucci (Case 5) Vs Foreign Court Italy

    (2024) TaxCorp(LJ) 33913 (FOREIGN)

20. Direct Tax ·AP High Court · 17 May 2024
    HC - Telangana High Court Quashes CIT(E)'s "Mechanical Order" Refusing to Condone Delay in Submitting Form-10B, Remits Matter

    Global Organisation for Development Vs Commissioner of Income Tax

    (2024) TaxCorp(LJ) 33912 (HC-AP)

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