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Rulings

May 18,2018  

SC reverses HC's conclusion, allows assessee's claim for area-specific deduction u/s 80-IC in respect of its industrial undertaking located at Himachal Pradesh, rejects Revenue's claim that tax-holiday eligibility period of

May 17,2018  

Madras HC directs the order u/s 201(1)/(1A) ​(for TDS default on payments to non-resident) ​be treated as ​'show-​cause​'​  notice to the assessee instead of remitting back the matter for a fresh consideration; HC

May 18,2018  

Pune ITAT rejects Revenue’s plea for AY 2009-10 that deduction with respect to Research & Development (R&D) expenditure u/s 35(2AB) is restricted only to the extent of approval granted by

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E-filing facility enabled for ITR 1, 2 and 4

ITR 1, 2 and 4 for AY 2018-19 is now available for e-Filing. Other ITRs will be available shortly.

May 15,2018

Piyush Goyal given additional charge of Finance Ministry in Jaitley's absence

Minor cabinet portfolios reshuffle announced, with Mr. Piyush Goyal getting temporary additional charge of Finance Ministry & Corporate Affairs Ministry, due

May 14,2018

SC : Takes tough stand on delay in Revenue appeals; Refuses condonation, imposes cost

SC dismisses Revenue’s SLP in multiple cases citing failure of Revenue to satisfactorily explain the inordinate delay in filing of petitions; In one case

May 14,2018

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Litigation Tracker

May 15,2018  

Delhi HC admits Analjit Singh’s (‘assessee’) appeal against ITAT order confirming substantial capital gains addition for AY 2014-15, frames two questions

May 04,2018  

SC admits ITC Ltd.’s (‘assessee’) SLP against the Delhi HC judgment; HC had held that royalty payment made by assessee

Apr 12,2018  

SC stays operation of Delhi HC judgement confirming Revenue's initiation of Special Audit u/s 142(2A) on Nokia India Pvt. Ltd.

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