Rulings

Rulings

Jun 19,2019

Mumbai ITAT confirms addition of fictitious F&O losses being inflicted by mis-use of Client Code Modifications [CCM], also confirms addition in respect of commission to the tune of 1% of

Jun 18,2019

Delhi ITAT rules in Revenue's favour for AYs 2009-10 & 2010-11 with respect to transactions of purchase and sale of shares of NDTV Limited by assessees [Radhika Roy & Prannoy

Jun 17,2019

Hyderabad ITAT restricts Sec. 40(a)(ia) disallowance only to the TDS default on 'service charge' portion of port handling payments made by assessee [a JV company engaged in civil construction] to

Jun 14,2019

Delhi ITAT grants Sec.54 exemption to assessee-individual for AY 2015-16 for investing the Long Term Capital Gains [LTCG] in a plot of land, though construction of residential house on such

Jun 14,2019

Amritsar ITAT confirms penalty u/s.271(1)(c) towards non-disclosure of interest received on income-tax refunds, rejects assessee's bona fide belief claim; Accepts Revenue's reliance upon refund advices of IT Department reflecting interest

Jun 13,2019

Mumbai ITAT rules that Executive Search Fees [ESF] received by a Dutch Co.[assessee] from its wholly owned Indian subsidiary [SS India] during AY 2014-15, is not taxable as Fees for

Jun 12,2019

Mumbai ITAT deletes addition made by AO u/s.28(iv) on account of discount earned on Foreign Currency Convertible Bonds [FCCBs] buyback by assessee co. (engaged in manufacturing of adhesives) for AY

Jun 11,2019

Delhi ITAT upholds CIT(A)'s order allowing deduction u/s.37(1) for gratuity payments made by assessee (a JV company between entities of Bharti Group and Vodafone Idea Limited) during AY 2009-10; ITAT

Jun 10,2019

Karnataka HC upholds launch of prosecution proceedings u/s.276B against petitioner [a real estate co.] for failure to deposit the TDS deducted to the account of Central Government within the prescribed

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