Editor's Pick

ITAT: No 'multiple' counting of employees in a single day while construing service PE threshold

Mumbai ITAT rules that Linklaters (assessee, a UK based law firm) has no PE in India under Article

Apr 22,2019

HC: Mortgage discharge in connection with property sale - not income diversion; Denies deduction u/s. 48

Madras HC upholds ITAT order and denies deduction u/s. 48 to assessee-individual with respect to amount paid towards

Apr 22,2019

HC: Reverses ITAT; No deduction u/s. 37 for redemption fine payment on imports

Bombay HC reverses ITAT order and rules in favour of Revenue, holds that payment made by assessee-individual to

Apr 18,2019

ITAT: Deletes share premium addition u/s. 68; Distinguishes SC's NRA Iron ruling

Kolkata ITAT deletes addition u/s 68 made towards share capital / premium received by assessee co. during AY

Apr 16,2019

ITAT: No Sec. 68 trigger for intra-group share-purchase without involving cash element

Kolkata ITAT rejects Sec. 68 invocation in respect of group company's shares acquired by assessee (a Private Ltd.

Apr 11,2019

HC: 'Managerial remuneration' provisioning in Company's books triggers taxability in MD's hands despite non-receipt

Madras HC rules in favour of Revenue, upholds ITAT order taxing the 'managerial remuneration' on 'accrual basis' in

Apr 10,2019

HC: Senior citizen gets breather, lifts attachment on bank accounts for meeting daily expenses

Bombay HC grants limited relief to a senior citizen (assessee), lifts provisional attachment of his bank accounts without

Apr 10,2019

ITAT: Market survey charges for exploring new business - FTS liable for TDS u/s. 195

Ahmedabad ITAT rules that payment made by assessee-individual (a sole proprietor engaged in trading / exporting medicines) to

Apr 09,2019

SC: Remands matter to HC for deciding on re-opening validity in Nokia India's case

SC sets aside HC order dismissing Revenue's appeal in limine in Nokia India's case; SC notes that the

Apr 09,2019

ITAT: Declines to amend 'subjective' error capable of two views; Dismisses Revenue's MA

Ahmedabad ITAT dismisses Revenue's MA [Miscellaneous Application],  declines to amend / tinker with its earlier order  though acknowledges

Apr 09,2019