Editor's Pick

ITAT: 'Technical services' rendered by Ugandan professionals, covered by Article 14 on 'Independent Personal Services'

Bangalore ITAT rules that technical service payments made by assessee (a Telecom VAS co. based in India) to

Apr 08,2019

HC: No Sec 195 TDS on interest payment to Indian bank towards LC for import

Madras HC rules that TDS u/s. 195 not applicable on interest payment by assessee (an Indian Co.) to

Apr 05,2019

HC: Reverses ITAT; Upholds taxability u/s. 41(1), cites liability ceased by 'efflux of time'

Madras HC reverses ITAT order and rules in favour of Revenue, upholds taxability u/s. 41(1) [for remission /

Apr 04,2019

HC: Mere distribution of money to retiring partners upon Firm reconstitution, not transfer u/s. 45(4)

Bombay HC upholds ITAT order, rules that mere distribution of money to retiring partners upon reconstitution of assessee-firm

Apr 04,2019

HC: Rejects stamp-value based taxation u/s. 43CA pre-April'14 on Builder's inventory sale

Bombay HC quashes re-assessment on assessee-firm (a real estate developer) for AY 2013-14 initiated on the basis of

Apr 03,2019

HC: Upholds Sec. 80P deduction to co-op credit society; Distinguishes Citizens Society SC-ruling

Madras HC upholds ITAT order, allows deduction u/s 80P(2)(a)(i) to assessee [a primary agricultural co-operative credit society registered

Apr 02,2019

HC: Reverses ITAT; Subsidy from JV-partner for subscribing to JV share-capital - capital receipt

Madras HC reverses ITAT's order, holds that the subsidy received by assessee [Sundaram Finance Limited] during AY 2002-03

Apr 02,2019

HC: TCS u/s. 206C applicable to Timber-traders; Upholds constitutional validity of 'buyer' definition

Calcutta HC dismisses assessees' (engaged in timber trading) writ, upholds constitutional validity of the definition of 'buyer' as

Apr 02,2019

ITAT: Limitation Act to aid taxpayer filing delayed appeal chasing "wrong forum"

Hyderabad ITAT condones delay in filing of appeal before CIT(A), cites assessee's (UAE resident) "bonafide, even if overoptimistic

Mar 30,2019

HC: Upholds reopening to examine share premium receipt at 450% over face value

Delhi HC upholds re-assessment initiation u/s. 147 for AY 2012-13 alleging that the share application money received by

Mar 29,2019