Rulings

Rulings

Nov 19,2019

Delhi ITAT quashes revisionary proceedings u/s 263 against assessee (an IRS officer, as also NDTV's  ‘Assessing Officer’), initiated based on the complaint filed by a senior Income-tax official [in the

Nov 19,2019

Kerela HC allows assessee’s writ, quashes DRP-order rejecting assessee’s objections to draft assessment order on the basis that it was received beyond the prescribed period of 30 days after electronic

Nov 19,2019

Bombay HC upholds reassessment proceedings initiated on assessee-individual (an NRI) for AY 1999-2000, holds that notice issued on PoA holder of NRI-assessee in March, 2005 was not barred by limitation;

Nov 18,2019

SC condones assessee's delay of 1754 days in filing appeal before the Bombay HC against the ITAT order; Assessee had pleaded that it had no knowledge about passing of ITAT

Nov 15,2019

Delhi ITAT upholds CIT(E)'s order cancelling Young Indian's [assessee] Sec. 12AA registration retrospectively from AY 2011-12, holds “none of the activities of the assessee was carried out in accordance with

Nov 15,2019

Delhi HC declines to admit Revenue's appeal against grant of 'bad debts' deduction to Vodafone Idea towards fraud / defaults committed by its customers; Rejects Revenue's reliance on SC ruling

Nov 15,2019

Kolkata ITAT division bench gives effect to Third Member order and rules in favour of assessee-company, allows set-off of loss from delivery-based trading of shares against profit from derivative trading

Nov 15,2019

Delhi HC quashes lower withholding certificate issued by AO u/s. 197 for AY 2020-21 directing TDS deduction @ 0.5% on payments made by Indian deductors to assessee [a cargo airline

Nov 15,2019

Madras HC allows assessee's writ against rejection of Sec. 264 revision petition whereby assessee-HUF had sought for enhancement of deduction u/s. 54 for AY 2014-15 towards additional cost of construction;

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