All landmark rulings

1. Direct Tax ·ITAT Mumbai · 19 Aug 2023
   ITAT - Mumbai ITAT Upholds Revisionary Proceedings Due to AO's Lack of Application of Mind on Section 43CA.

   Shree Laxmi Enterprises Vs PCIT

   (2023) TaxCorp(LJ) 32171 (ITAT-MUMBAI) · Section 43CA

2. Direct Tax ·Bombay High Court · 19 Aug 2023
   HC - Bombay HC Rules Revisionary Jurisdiction Invalid if PCIT Simply Disagrees with AO's View.

   American Spring & Pressing Works Pvt. Ltd Vs Pr. Commisioner of Income Tax-12

   (2023) TaxCorp(LJ) 32170 (HC-BOMBAY)

3. Direct Tax ·ITAT Mumbai · 19 Aug 2023
   ITAT - Mumbai ITAT Upholds Allowability of Port Rent Deduction Under Section 80-IA.

   PNP Maritime Services Pvt. Ltd Vs DCIT

   (2023) TaxCorp(LJ) 32169 (ITAT-MUMBAI) · Section 80-IA

4. Direct Tax ·ITAT Bangalore · 18 Aug 2023
   ITAT - Bangalore ITAT Rules IUC Charges Not Taxable as Royalty; Rejects Revenue's Process & Equipment Royalty Plea;India-Spain DTAA.

   Telefonica Depreciation Espana SA Vs The ACIT(IT), DCIT(IT)

   (2023) TaxCorp(LJ) 32161 (ITAT-BANGALORE)

5. Direct Tax ·Supreme Court · 18 Aug 2023
   SC - SC Upholds Taxability of Clubs on FD Interest Income, Affirms 'Mutuality' Principle Limitations.

   Secunderabad Club and others Vs C.I.T.-V ETC.

   (2023) TaxCorp(LJ) 32160 (SC)

6. Direct Tax ·ITAT Mumbai · 17 Aug 2023
   ITAT - Mumbai ITAT Confirms 20% Payment Based on 'Disputed Demand,' Extends Stay for eBay Singapore.

   eBay Singapore Services Pvt Ltd Vs DCIT

   (2023) TaxCorp(LJ) 32159 (ITAT-MUMBAI)

7. Direct Tax ·Allahabad High Court · 17 Aug 2023
   HC - Allahabad HC Upholds Reassessment Order Issued Without DIN, Cites No Prejudice to Assessee.

   Chandra Bhan Vs Union Of India And Another

   (2023) TaxCorp(LJ) 32158 (HC-ALLAHABAD)

8. Direct Tax ·ITAT Delhi · 17 Aug 2023
   ITAT - Delhi ITAT Rules Software License Fee Reimbursement from Indian AEs by US-based company Non-Taxable as 'Other Income'

   GE Precision Healthcare LLC Vs ACIT

   (2023) TaxCorp(LJ) 32157 (ITAT-DELHI)

9. Direct Tax ·ITAT Delhi · 17 Aug 2023
   ITAT - Upholds Mauritius Firm's Right to India-Mauritius Treaty Benefits; Rejects 'Substance Over Form' and LoB Arguments. A setback for the Revenue authorities attempting to deny treaty benefits based on unsubstantiated allegations.

   Leapfrog Financial Inclusion India (II) Ltd Vs ACIT

   (2023) TaxCorp(LJ) 32156 (ITAT-DELHI)

10. Direct Tax ·Madras High Court · 16 Aug 2023
    HC- Madras High Court Affirms Temporary Seizure of Assets under Benami Law During Directorial Detainment.

    M. Kumudhavalli Vs Joint Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32150 (HC-MADRAS)

11. Direct Tax ·ITAT Delhi · 16 Aug 2023
    ITAT - Delhi ITAT Affirms Eligibility for Treaty Benefits for NSE Investor Holding Mauritius TRC and GBL.

    Saif Ii-Se Investments Mauritius Limited Vs ACIT

    (2023) TaxCorp(LJ) 32149 (ITAT-DELHI)

12. Direct Tax ·Supreme Court · 16 Aug 2023
    SC - Supreme Court Reaffirms the 'Real Object' of Settlement and Remands Case to Interim Board.

    Nilkanth Developers Vs PRINCIPAL COMMISSIONER OF INCOME TAX

    (2023) TaxCorp(LJ) 32148 (SC)

13. Direct Tax ·ITAT Chennai · 14 Aug 2023
    ITAT - Chennai ITAT Overturns Penalty u/s 271FAA for Defects in 'Reportable Accounts Statement' After Timely Rectification.

    KEB Hana Bank Vs The Joint Director of Income Tax

    (2023) TaxCorp(LJ) 32144 (ITAT-CHENNAI)

14. Direct Tax ·Gujarat High Court · 12 Aug 2023
    HC - Gujarat HC Quashes Reassessment Proceedings Against Non-existent Amalgamated Entity, Follows Maruti Suzuki Precedent.

    Anokhi Realty Private Limited Vs INCOME TAX OFFICER

    (2023) TaxCorp(LJ) 32137 (HC-GUJARAT)

15. Direct Tax ·Bombay High Court · 12 Aug 2023
    HC - Bombay HC Nullifies Reassessment Proceedings, Cites Factual Errors and Lack of Due Process

    Arvind Sahdeo Gupta Vs Income Tax Oficer

    (2023) TaxCorp(LJ) 32136 (HC-BOMBAY)

16. Direct Tax ·Delhi High Court · 12 Aug 2023
    HC - Delhi HC Clarifies Revenue's Authority to Record Statement During Survey; Reiterates Law on Admissibility of Statement Under Section 133A.

    ARN Infrastructure Ltd Vs THE PR. COMMISSIONER OF INCOME TAX

    (2023) TaxCorp(LJ) 32135 (HC-DELHI)

17. Direct Tax ·Delhi High Court · 12 Aug 2023
    HC - Delhi HC Allows Depreciation on Goodwill Arising from Approved Amalgamation; Cites Smifs Securities Precedent.

    Eltek Sgs Pvt. Ltd Vs PR. COMMISSIONER OF INCOME TAX-1

    (2023) TaxCorp(LJ) 32134 (HC-DELHI)

18. Direct Tax ·ITAT Mumbai · 12 Aug 2023
    ITAT - Capital Gains: Mumbai ITAT Determines Holding Period for Flat Rights from Allotment Date, Not Application Date

    Narendra Gehlaut Vs The Dy. CIT

    (2023) TaxCorp(LJ) 32133 (ITAT-MUMBAI)

19. Direct Tax ·ITAT Delhi · 11 Aug 2023
    ITAT - Delhi ITAT Defines Scope of Reassessment and CIT(A)'s Income Enhancement Powers for Noida Toll Bridge.

    Noida Toll Bridge Co. Pvt Ltd Vs The A.C.I.T

    (2023) TaxCorp(LJ) 32126 (ITAT-DELHI)

20. Direct Tax ·Bombay High Court · 10 Aug 2023
    HC - Bombay HC Quashes Reassessment Proceedings Due to Misapplication of Mind in Sec. 151 Sanction.

    Kartik Sureshchandra Gandhi Vs Asst. Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32125 (HC-BOMBAY) · Section 151

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