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Aug 23,2017

Karnataka HC holds that prior to April 1, 2015 depreciation is allowable as deduction in computing the total income of a charitable trust u/s. 11 even though the amount spent

Aug 23,2017

Delhi HC restrains Vodafone Group Plc. UK (defendant) from initiating parallel arbitration proceedings under India-UK Bilateral Investment Promotion and Protection Agreement (‘BIPA’), while the arbitration under India-Netherlands BIPA is pending;

Aug 22,2017

Delhi HC confirms ITAT order for AY 1995-96, holds that non-compete fee received by assessee-individual (who was working as the President of TSME, an advertising agency and was holding 51%

Aug 22,2017

Bombay HC allows assessee-company’s ( a step-down subsidiary company of the Norway based Telenor Group) writ, sets-aside Income-tax Settlement Commission (‘ITSC’) order rejecting assessee’s settlement application on the ground that assessee failed to

Aug 22,2017

Mumbai ITAT rules that conditional grant received by assessee-company from USA not to be reduced from the WDV of the plant & machinery for the purpose of allowance of depreciation

Aug 21,2017

Mumbai ITAT holds that assessee’s (a Dutch company and part of STAR group) Indian group company [STAR India Pvt Ltd.(‘SIPL’)] does not constitute assessee’s PE in India for AYs 1998-99 to 2004-05,

Aug 21,2017

Madras HC reverses ITAT order for AY 2001-02, confirms taxation of non-compete fee received by assessee-individual (a film artist) from a media company (in which assessee is a director and substantial shareholder)

Aug 18,2017

Madras HC confirms ITAT order for AY 2009-10, holds that AO exceeded the jurisdiction by making new disallowance while passing order u/s 144C(13) giving effect to DRP directions when such

Aug 18,2017

Goa bench of Bombay HC allows assessee-individual’s (a tax resident of UAE) writ for AY 2005-06, quashes re-assessment initiated beyond 4 years period; During relevant AY, assessee had claimed India

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