All landmark rulings

1. Direct Tax ·ITAT Delhi · 28 Sep 2023
   ITAT - Delhi ITAT Denies Religare's Rs.844 Cr. Loss Claim, Citing 'Capital Flight' Through Subsidiary Investment Write-off (cancelled via Court approved scheme of capital reduction).

   Religare Enterprises Limited Vs ACIT

   (2023) TaxCorp(LJ) 32426 (ITAT-DELHI)

2. Direct Tax ·ITAT Delhi · 27 Sep 2023
   ITAT - Delhi ITAT Draws Clear Line: Software Sales Without Service Component Not Taxable as FTS under India-Singapore DTAA.

   Software ONE Pte. Ltd Vs ACIT

   (2023) TaxCorp(LJ) 32425 (ITAT-DELHI)

3. Direct Tax ·ITAT Delhi · 27 Sep 2023
   ITAT - Delhi ITAT Clarifies 'Make Available' Clause in India-Singapore DTAA; 'Marketing & Sales, Operations & Standardization Services' Not FTS.

   CEVA Asia Pacific Holdings Company Pte. Ltd Vs DCIT

   (2023) TaxCorp(LJ) 32418 (ITAT-DELHI)

4. Direct Tax ·ITAT Mumbai · 26 Sep 2023
   ITAT - Mumbai ITAT Upholds Multiple Exemptions for Notified Investor Fund Prior to April 1, 2024.

   NCDEX Investor (Client) Protection Fund Trust Vs Income Tax Officer

   (2023) TaxCorp(LJ) 32417 (ITAT-MUMBAI) · Section 10(23EC), 11(7)

5. Direct Tax ·Supreme Court · 25 Sep 2023
   SC - Supreme Court Upholds Immunity for Kotak Mahindra Bank from Penalty and Prosecution, Emphasizes Limited Judicial Review of Settlement Commission Orders.

   KOTAK MAHINDRA BANK LTD. Vs COMMISSIONER OF INCOME TAX

   (2023) TaxCorp(LJ) 32416 (SC)

6. Direct Tax ·ITAT Mumbai · 25 Sep 2023
   ITAT - Penalty Upheld for Non-disclosure of Foreign Assets in ITR Schedule FA by Mumbai ITAT.

   Shobha Harish Thawani Vs Joint Commissioner of Income-tax

   (2023) TaxCorp(LJ) 32415 (ITAT-MUMBAI)

7. Direct Tax ·ITAT Delhi · 26 Sep 2023
   ITAT - Delhi ITAT Upholds Concessional Tax Rate Under Section 115BAA Without Need for Annual Form 10-IC Filing.

   Concentrix Daksh Services India Pvt. Ltd Vs ACIT

   (2023) TaxCorp(LJ) 32414 (ITAT-DELHI) · Section 115BAA

8. Direct Tax ·Gujarat High Court · 25 Sep 2023
   HC - Gujarat HC Approves Delayed Return Filing; Emphasizes Equitable and Judicious Approach by CBDT.

   Chintan Navnitlal Parikh(HUF) Vs DEPUTY SECRETARY(OT AND WT) CENTRAL BOARD OF DIRECTO TAXEX

   (2023) TaxCorp(LJ) 32413 (HC-GUJARAT)

9. Direct Tax ·Bombay High Court · 23 Sep 2023
   HC - Bombay HC Allows VsV Settlement Despite Ongoing Prosecution; Cites Macrotech Developers Precedent.

   Pragati Pre Fab India Pvt. Ltd Vs Principal Commissioner of Income Tax

   (2023) TaxCorp(LJ) 32407 (HC-BOMBAY)

10. Direct Tax ·Calcutta High Court · 23 Sep 2023
    HC - Calcutta HC Directs CBDT to Decide on Delay Condonation Application for Form 10-IC.

    Metroark Pvt. Ltd. & Anr Vs The Income Tax Officer

    (2023) TaxCorp(LJ) 32406 (HC-CALCUTTA)

11. Direct Tax ·ITAT Mumbai · 23 Sep 2023
    ITAT - Mumbai ITAT Rules Section 44ADA Inapplicable Due to Lack of 'Notified Qualifications'.

    Vishnu Dattatraya Ponkshe Vs Central Processing Centre

    (2023) TaxCorp(LJ) 32405 (ITAT-MUMBAI) · Section 44ADA

12. Direct Tax ·ITAT Delhi · 23 Sep 2023
    ITAT - Delhi ITAT Rules Protective Addition Inapplicable When Substantive Addition Is Time-Barred.

    Kanav Metals Vs Income Tax Officer

    (2023) TaxCorp(LJ) 32404 (ITAT-DELHI)

13. Direct Tax ·Calcutta High Court · 23 Sep 2023
    HC - Calcutta High Court Rules Against CIT(A)'s Remand to AO After Favorable Decision for Assessee.

    Arun Kumar Bose Vs INCOME TAX OFFICER

    (2023) TaxCorp(LJ) 32403 (HC-CALCUTTA)

14. Direct Tax ·ITAT Bangalore · 22 Sep 2023
    ITAT - Bangalore ITAT Dismisses DCF Valuation for Preference Shares; Relies on Section 56(2)(viib)

    MobiCom Technologies Pvt. Ltd Vs The ITO

    (2023) TaxCorp(LJ) 32397 (ITAT-BANGALORE) · Section 56(2)(viib)

15. Direct Tax ·Bombay High Court · 22 Sep 2023
    HC - Bombay HC Rules in Favor of Taxpayers: Foreign Property Investments Prior to 2015 Amendment Secure.

    Hemant Dinkar Kandlur Vs Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32396 (HC-BOMBAY)

16. Direct Tax ·Delhi High Court · 21 Sep 2023
    HC - Delhi HC Nullifies Sumitomo's TDS-Default Order of Rs.3,000 Cr.: Points Out Jurisdictional Overreach.

    Sumitomo Mitsui Financial Group Inc. Vs COMMISSIONER OF INCOME TAX

    (2023) TaxCorp(LJ) 32390 (HC-DELHI)

17. Direct Tax ·ITAT Hyderabad · 21 Sep 2023
    ITAT - Hyderabad ITAT Upholds Revenue's Stance: Denies Section 80-IA Deduction for Joint Venture Profits, Relying on SC's Dilip Kumar Verdict.

    HES Infra Pvt. Ltd Vs Dy. Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32389 (ITAT-HYDERABAD) · Section 80-IA

18. Direct Tax ·ITAT Bangalore · 21 Sep 2023
    ITAT - SanDisk Ireland's Indian Arm Not Considered Agency Permanent Establishment (PE); Independent Distributors Conclude Contracts.

    SanDisk International Ltd. Vs The ACIT

    (2023) TaxCorp(LJ) 32388 (ITAT-BANGALORE)

19. Direct Tax ·ITAT Delhi · 20 Sep 2023
    ITAT - Delhi ITAT Rules Payment for Candidate Profile Report from Overseas Server as Non-Royalty.

    CAE Simulation Training P. Ltd Vs DCIT

    (2023) TaxCorp(LJ) 32381 (ITAT-DELHI)

20. Direct Tax ·ITAT Mumbai · 20 Sep 2023
    ITAT - Mumbai ITAT's Ruling on Cleartrip's Advertisement Expenditure, ESOP Expenses & Sec.68 Addition on Foreign Investment.

    Cleartrip Private Limited Vs DCIT

    (2023) TaxCorp(LJ) 32380 (ITAT-MUMBAI)

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