Editor's Pick

ITAT: TDS applicable only on 'service charges' portion of port handling payments to agent

Hyderabad ITAT restricts Sec. 40(a)(ia) disallowance only to the TDS default on 'service charge' portion of port handling

Jun 17,2019

ITAT: No time-limit in Sec. 54 on purchase of land-plot for house construction

Delhi ITAT grants Sec.54 exemption to assessee-individual for AY 2015-16 for investing the Long Term Capital Gains [LTCG]

Jun 14,2019

ITAT: Confirms penalty for failure to disclose 'interest on refunds'; Non-reflection in Form 26AS irrelevant

Amritsar ITAT confirms penalty u/s.271(1)(c) towards non-disclosure of interest received on income-tax refunds, rejects assessee's bona fide belief

Jun 14,2019

ITAT: Quashes AO's 'FTS / royalty' characterization of Dutch Co.'s income; Cites variance with APA

Mumbai ITAT rules that Executive Search Fees [ESF] received by a Dutch Co.[assessee] from its wholly owned Indian

Jun 13,2019

ITAT: Allows deduction u/s. 37 to Bharti & Voda-Idea's JV towards gratuity payments for employees' 'past services'

Delhi ITAT upholds CIT(A)'s order allowing deduction u/s.37(1) for gratuity payments made by assessee (a JV company between

Jun 11,2019

ITAT: Sec. 194C TDS applicable on Mahindra's payments to dealers towards free service coupons

Mumbai ITAT rules that Mahindra & Mahindra Ltd. [assessee] is liable to deduct TDS u/s.194C on payments made

Jun 07,2019

ITAT: Trust entitled to carry forward excess income application to later years u/s. 11

Ahmedabad ITAT allows set-off of excess expenditure incurred in earlier years by assessee-trust against income of subject AY

Jun 06,2019

HC: Upholds ITAT; No income accrual due to service-recipient's precarious financial condition

Bombay HC upholds ITAT order for AY 2002-03, deletes income addition of Rs. 85 cr. in the hands

Jun 06,2019

ITAT: Exempts LIC Officers' conveyance/ other allowances; Expenses vouchers submission not necessary

Visakhapatnam ITAT grants exemption u/s.10(14) to assessees (individuals, development officers of LIC of India) on fixed conveyance allowance,

Jun 06,2019

ITAT: 'Stem Cell' storage fees, taxable on 'receipt' basis; Rejects deferral over 21 years contract period

Chennai ITAT rules that one-time non-refundable fees received by assessee-company (engaged in procession/preservation/storage of blood stem cells viz

Jun 05,2019