Rulings

Rulings

Apr 22,2019

Bombay HC holds CBDT policy to reward CIT(A) for orders passed in favour of Revenue to be impermissible and invalid, sets aside relevant portion of Central Action Plan providing incentive

Apr 22,2019

Mumbai ITAT rules that Linklaters (assessee, a UK based law firm) has no PE in India under Article 5(2)(k) of the India - UK DTAA during AY 2002-03, thus holds

Apr 22,2019

Madras HC upholds ITAT order and denies deduction u/s. 48 to assessee-individual with respect to amount paid towards discharge of mortgage in connection with a property sale during AY 1995-96,

Apr 18,2019

Bombay HC reverses ITAT order and rules in favour of Revenue, holds that payment made by assessee-individual to export house towards redemption fine with regards to import of almonds not allowable

Apr 17,2019

Uttarakhand High Court (Full Bench) rules in favour of assessees (non-resident companies engaged in executing contracts in connection with exploration and production of mineral oils) in a batch of matters;

Apr 17,2019

Bombay HC dismisses Revenue's appeal, holds that payment to employee deputed to foreign company is in the nature of salary and thus, TDS u/s.195 is inapplicable; Assessee had entered into

Apr 16,2019

Hyderabad ITAT deletes addition u/s.56(1) in the hands of assessee-company(a step-down subsidiary of Apollo Hospitals [AHEL]) towards share premium received upon allotment of shares to its immediate holding company during

Apr 16,2019

Kolkata ITAT deletes addition u/s 68 made towards share capital / premium received by assessee co. during AY 2012-13; Notes that assessee has proved identity of share applicants [by furnishing

Apr 15,2019

Delhi HC directs AO to grant deduction u/s. 37 to assessee-SPV [which was set up by Indian Railways to develop / re-develop new / existing railway stations] for expenses towards

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