Editor's Pick

HC: Quashes prosecution initiation; Failure to pay self-assessment tax alongwith returns, not ‘offence’

Karnataka HC quashes prosecution initiated against the assessee-petitioner [a Co-op Society] u/s. 276C [for wilful attempt to evade

Jul 17,2019

HC: NR's revision petition u/s. 264 seeking tax refund by invoking MFN clause, maintainable

Delhi HC rules that assessee's [a Company based in Spain] petition u/s. 264 seeking revision of 'intimation' u/s

Jul 16,2019

HC: Allows expenses claim; Ousts ITAT's jurisdiction in holding Daimler's business wasn't set-up

Madras HC reverses ITAT order and allows business expenses deduction [for operating expenses, financial expenses and depreciation] to

Jul 16,2019

ITAT: Equity Oriented MF units, not 'shares'; STCG not taxable under India-UAE Treaty

Cochin ITAT dismisses Revenue's appeal for AY 2012-13, deletes addition  towards Short Term Capital Gains [STCG] arising from

Jul 12,2019

ITAT: Assessee's transactions with sister-concerns a 'clear eyewash'; Disallows business loss claim

Ahmedabad ITAT approves CIT(A)'s order for AY 2011-12, holds that assessee- company's [engaged in the business of hiring

Jul 11,2019

SC: Dismisses SLP against Revenue's 'retrospective' invocation of expanded 16 years re-assessment time-limit

SC dismisses Revenue's SLP challenging Delhi HC judgment quashing re-assessment initiation for AY 1998-99 on assessee-individual (who was

Jul 09,2019

HC: Reverses ITAT; Rejects taxing notional rental income on legally 'unoccupiable' commercial property

Bombay HC reverses ITAT-order, rejects Revenue's action of charging tax on notional rent w.r.t assessee-company's unoccupiable/unoccupied commercial property

Jul 08,2019

HC: Bombay HC refuses to entertain assessee's challenge against reopening notice by Hyderabad based AO

Bombay HC declines to entertain UK company's [assessee, having a registered office in Mumbai] writ challenging re-opening notice

Jul 04,2019

ITAT: Multiple flats bought vide one allotment letter, not 'single transaction' for Sec. 234E levy

Mumbai ITAT rules in favour of Revenue in a batch of 29 appeals for AY 2016-17, upholds AO's

Jul 03,2019

ITAT: Deletes 'illegal gratification' addition made merely based on Shunglu Committee's Commonwealth Games probe

Delhi ITAT deletes unexplained expenditure addition u/s. 69C made by AO for alleged value of illegal gratification paid

Jul 02,2019