Editor's Pick

ITAT: Accords 'pass-through' status to HDFC Property Fund; Grants Rs. 264 cr. VCF exemption u/s. 10(23FB)

Mumbai ITAT grants exemption u/s 10(23FB) to HDFC Property Fund [assessee - a SEBI registered Venture Capital Fund

Mar 05,2019

ITAT: Taxpayer not clean bowled; Expenses on IPL tickets for customers deductible u/s 37

Hyderabad ITAT accepts assessee's claim of deduction u/s 37 towards purchase of IPL cricket match tickets for distribution

Mar 04,2019

SC: Dismisses SLP; HC rejected assessee's 'retrospective' interest plea u/s. 244A(1A)

SC dismisses assessee-Trust's SLP challenging Gujarat HC judgement rejecting plea for additional interest on refund by retrospective application

Mar 01,2019

ITAT: Allows Cable operator's depreciation claim on 'Network Rights' treating it as 'goodwill'

Hyderabad ITAT allows assessee co.'s (engaged in the Cable TV business) claim of depreciation on 'network rights' for

Mar 01,2019

SC: HC's order bereft of 'reasoning', suffers from jurisdictional errors; Remands matter

SC sets aside HC order, holds HC's order suffers from jurisdictional errors as it had dismissed Revenue's appeal

Feb 28,2019

ITAT: Share-allotment date, not share-application, relevant for angel tax trigger u/s. 56(2)(viib)

Delhi ITAT upholds applicability of Sec.56(2)(viib) provision for shares allotted at a premium by assessee during AY 2015-16,

Feb 28,2019

ITAT: Allows deduction for CSR-expenses pre-April'15; Holds Explanation 2 to Sec.37, prospective

Delhi ITAT allows deduction for CSR expenses incurred by assessee co. during AY 2012-13 towards education / training

Feb 27,2019

SC: Reverses HC-order; Interest conversion into loan not 'actual payment', upholds Sec.43B disallowance

SC reverses Gujarat HC order and rules in favour of Revenue, upholds AO's disallowance u/s. 43B for conversion

Feb 26,2019

ITAT: Upholds addition u/s.69 for cash deposited in 'bits & pieces', alleged as gift from 'in-laws'

Pune ITAT upholds addition u/s. 69 [unexplained investment] in hands of assessee-individual with respect to cash gift received

Feb 25,2019

HC: Allows client's loss to intermediary-Bank for safeguarding its reputation, despite no contractual liability

Bombay HC upholds ITAT order, allows loss of Rs. 3.5 Cr. claimed by assessee-Bank (acting as a mediator)

Feb 22,2019