Judgments

  • Income Tax

Revision under section 263 is not to set aside merely unfavourable orders and bring to tax some more money to the treasury-ITAT

In a recent judgment, ITAT Delhi has interpreted the objective and scope of invoking revisionary powers of Commissioner of Income…

8 years ago
  • Judgments

National Law University Delhi admission process to Ph.D. programme faulty-Delhi High Court

Delhi High Court in a recently delivered judgment has observed that that all does not appear to be well with…

8 years ago
  • Income Tax

Demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of capital assets rights for capital gain purpose

ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by…

8 years ago
  • Income Tax

Employee secondment charges not fees for technical/professional services for invoking disallowance u/s 40(a)(ia)

In a recent judgment, ITAT Mumbai has held that where the assessee pays secondment charges for the employees, for all practical purposes,…

8 years ago
  • huf

Joint family property distributed on intestacy principles under Section 8 of Hindu Succession Act ceases to be joint family property-Supreme Court

In a recent judgment Supreme Court has held that prior to 2005 amendment, after joint family property has been distributed…

8 years ago
  • Income Tax

Reopening/Reassessment u/s 147/148 on retrospective amendment bad as there is no failure on the part of assessee to disclose fully/truly all material facts

In a recent judgment, ITAT Delhi has stated that a concluded assessment can not be reopening u/s 147/148 based on…

8 years ago
  • Income Tax

Writing “Yes, I am Satisfied” establishes non recording of proper satisfaction/approval

Writing “Yes, I am Satisfied” establishes non recording of proper satisfaction/approval before issue of notice u/s 148 No sooner than…

8 years ago
  • Income Tax

KPO Services provider could not be a comparable for benchmarking international transactions entered into by an entity rendering BPO services

In a recent judgment, ITAT Delhi has held that Knowledge Process Outsourcing Services (KPO Services) provider could not be be…

8 years ago
  • Income Tax

Madras High Court directs CBDT to allow carry forward losses for return filed after due date midnight due to heavy rush, snag at e-filing website

In a recent judgment, the Madras High Court has directed CBDT to accept the e-return filed by the appellant company…

8 years ago
  • Income Tax

Madras HC upholds Constitutional validity of section 94A (1) and CBDT Notification 86/2013 related to Cyprus

In a recent judgment, the Madras High Court has upheld the Constitutional validity of section 94A(1) of the Income tax Act,…

8 years ago