Rulings

Rulings

Sep 18,2019

Delhi ITAT [in second round of litigation] rules that Liaison Office ('LO') of Hitachi High Technologies' [assessee-company incorporated in Singapore, engaged in 'trading' operations across ASEAN countries in respect of

Sep 18,2019

Pune ITAT disallows assessee co.'s [running a Hospital] claim of lease payment as revenue expenditure with respect to a surgical robot system acquired on lease from CARE [a charitable Trust],

Sep 17,2019

Kolkata ITAT quashes assessment for AY 2015-16, accepts assessee company's stand that issuance of notice u/s. 143(2) by AO, Delhi was without jurisdiction; Initially assessee was assessed by DCIT [Delhi],

Sep 17,2019

Pune ITAT dismisses Revenue's wealth tax appeals for AYs 2008-09 to 2011-12 citing recent CBDT circular no. 17 of 2019; Observes that the recent Circular of 2019 had only amended

Sep 16,2019

Karnataka HC rules in favour of assessee, allows retrospective benefit of second proviso to Sec. 40(a)(ia) inserted vide Finance Act, 2012 [which provides that there shall be no Sec.40(a)(ia) disallowance

Sep 16,2019

Mumbai ITAT rules that Indian AE [i.e Volkswagen Group Sales India Pvt. Ltd. , 'VGSIPL'] of assessee [i.e Audi AG, a German Co.] does not constitute its PE in India

Sep 12,2019

Delhi ITAT upholds taxability of advertisement contribution received by assessee [a wholly owned step down subsidiary of Yum Restaurants incorporated on a non-profit making principle for managing advertising & marketing at local

Sep 12,2019

Gujarat HC upholds special audit initiation u/s 142(2A) against assessee-individual (a Chartered Accountant earning remuneration from partnership firm) despite non-maintenance of books of accounts; Rejects assessee's stand that since he

Sep 11,2019

Bombay HC quashes provisional attachment u/s 281B of income tax refund of Rs. 180 cr.  arising to Vodafone Idea Ltd. [assessee] pursuant to processing of return u/s. 143(1) for AY

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