Editor's Pick

HC: Dharma Productions absolved from 'KAAL' horror; Allows advertisement expenditure incurred post-production u/s.37

Bombay HC upholds ITAT order, allows deduction u/s.37 to Dharma Productions (assessee) for expenditure incurred on print and

Mar 26,2019

HC: Allows Sec. 10A benefit to TCS despite Sec. 80HHE deduction claimed in earlier years

Bombay HC upholds ITAT order for AY 2005-06, allows Tata Consultancy Services's (TCS, assessee) claim u/s. 10A, although

Mar 26,2019

HC: Deeming fiction u/s. 50C applicable while computing capital gains exemption u/s. 54EC

Bombay HC dismisses assessee-individual's appeal, upholds application of deeming fiction u/s. 50C [which deems stamp duty valuation as

Mar 25,2019

HC: Builder's compensation payment to prospective buyers for surrender of allotted commercial spaces, deductible

Delhi HC reverses ITAT order for AY 1995-96, allows compensation paid by assessee-builder to prospective buyers towards surrender

Mar 22,2019

HC: Deletes capitation-fees addition in hands of assessee-parent; Cracks whip on engineering college

Madras HC reverses ITAT order, deletes 'undisclosed income' addition made on account of capitation fees paid by assessee-parent

Mar 20,2019

HC: IT proceedings pendency cannot make mortgage creation void u/s. 281(1); Quashes TRO's attachment order

Andhra Pradesh & Telangana HC allows ICICI Bank's (petitioner) writ, quashes property attachment order issued by the Tax

Mar 20,2019

ITAT: Deletes notional rentals addition on builder's unsold flats; 2017 amendment to Sec. 23 prospective

Mumbai ITAT deletes addition u/s. 22/23 of deemed rental income in hands of assessee-builder in respect of certain

Mar 19,2019

ITAT: Capital reserve created on Amalgamation, not 'revaluation reserve'; Deletes book profit adjustment

Delhi ITAT deletes AO's adjustment to book-profit u/s 115JB by treating capital reserve created on amalgamation (excess arising

Mar 15,2019

ITAT: Quashes over Rs.750 cr. assessment on Tata Sons, Addl. CIT lacked 'jurisdiction' to pass order u/s.143(3)

Mumbai ITAT quashes assessment order passed u/s.143(3) by the Additional CIT (by way of exercising powers of AO)

Mar 15,2019

ITAT: Deletes Sec.69 addition; Transaction between JV-partners can't be considered on commercial basis

Hyderabad ITAT rules in favour of assessee-AOP [formed to carryout the business of Joint Venture Maytas - CTR

Mar 13,2019