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Rulings

May 30,2016  

SC dismisses Revenue’s SLP against Delhi HC judgment leaving the question of law on limitation open, HC had upheld ITAT’s order deleting penalty levied u/s 271E (for violating provisions of Sec.

Jun 29,2016  

Kerala HC Division bench upholds Single Judge order dismissing co-operative banks’ (petitioners') challenge to the constitutional validity of amendment by Finance Act, 1995 to Sec 133(6) whereby words "inquiry" were added to expand

Jun 30,2016  

Mumbai ITAT allows Sec.11 exemption on profits earned by assessee hospital from pharmacy business for AY 2006-07, upholds assessee's claim that pharmacy business was an integral part of hospital business; Notes that Revenue

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Key Takeaways from GAAR Hangout with Dinesh Kanabar & Ketan Dalal

CBDT recently revised grandfathering date for GAAR provisions from August 30, 2010 to April 1, 2017 vide Notification No. 49 of 2016.

Jun 29,2016

IT-Act Simplification Committee conducts first public-consultation in Bangalore before second report release

IT Act Simplification Committee conducts first city wise public consultation in Bangalore ahead of the release of its second draft

Jun 27,2016

PM Modi's Mann ki Baat - Come clean in IDS, else dire consequences

Prime Minister Narendra Modi, on the radio program 'Mann ki Baat' urges citizens to take advantage of Income Declaration Scheme

Jun 27,2016

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Litigation Tracker

Jun 21,2016  

SC admits Revenue’s SLP against Bombay HC judgement in case of Siemens Aktiengesellschaft (a German company); HC had upheld ‘receipt

May 25,2016  

SC admits Revenue’s SLP against Karnataka HC judgement in case of Mphasis Software (‘assessee’); HC had allowed Sec 10A benefit to assessee

May 14,2016  

SC  admits SLP against Madras HC judgement upholding Cyprus notification; HC had dismissed writ petitions challenging validity of Sec 94A notification

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