Category: Income Tax
TDS on testing and commissioning services deductible u/s 194C as contractual payments as not as fees for technical services u/s 194J-ITAT follows High Court decision ABCAUS Case Law Citation: ABCAUS 2228 (2018) (03) ITAT Important Case Laws Cited/relied upon by the parties Pr. CIT Vs. Bharat Heavy Electricals …
Section 55A related to DVO reference not apply in a reverse case when value claimed by assessee exceeds the fair market value as determined by the AO-High Court ABCAUS Case Law Citation: ABCAUS 2227 (2018) (02) HC The appellant assessee had filed an appeal under Section 260-A of …
Application for registration u/s 12A to be made electronically by charitable or religious trusts,. More information required in revised Form 10A-CBDT Notification CBDT vide Notification No. 10/2018 dated 19th February, 2018, has amended the Rule 17A which provides for submission of Form-No. 10A and required documents to be …
CBDT notifies Centralised Communication Scheme 2018 u/s 133C for calling information from any person for verification of information The Finance Act, 2014 (2 of 2014) had inserted section 133C w.e.f. 01-10-2014 which supplemented by Rule 12D provides that prescribed Income Tax Authority for verification of an information may …
Deduction for Penal excise was allowed u/s 37 as it was paid in discharging contractual obligation to indemnify department for violating terms of affidavit ABCAUS Case Law Citation: ABCAUS 2222 (2018) (02) HC The respondent assessee was engaged in the business of manufacturing and its sale. An intending …
Deemed dividend upheld when amount was parked in long term investments and hence could not qualify as to be made in the course of business – High Court ABCAUS Case Law Citation: ABCAUS 2219 (2018) (02) HC The Challenge/Grievance: The case law involves an appeal filed by the …
Section 47A(3) can be invoked only if benefit u/s 47 is claimed. High Court uphelds deletion of payment of brand name royalty to proprietor on takeover. ABCAUS Case Law Citation: ABCAUS 2218 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal filed by the Income Tax …
Expenses prior to setting up or running of business are capital in nature-High Court upheld ITAT order allowing capitalisation of pre-operative expenses ABCAUS Case Law Citation: ABCAUS 2217 (2018) (02) HC The case law involves the appeal filed by the Income Tax Department (Revenue) against the order of …
Revised Double Taxation Avoidance Agreement (DTAA) between India and Kenya notified The Double Taxation Avoidance Agreement (DTAA) between India and Kenya was signed and notified in 1985. Subsequently, the DTAA was renegotiated and a revised DTAA was signed between both countries on 11th July, 2016. The revised DTAA …
Lease equalization charges are deductible in computing book profit. Provisions for NPA are also not need to be added back-High Court ABCAUS Case Law Citation: ABCAUS 2216 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal filed by the Income Tax Department (Revenue) against the order …
