Tribunals
Summary and Review of Case Laws Decided by Income Tax Appellate Tribunals
Sunday, 30 April 2017 11:12
Deduction u/s 54 - Assessee is Entitled for Deduction even if Property purchased in Joint Names - Mumbai Tribunal
Written by Amit
Additional Info
- Case Name Jitendra V Faria vs. ITO
- Order Date Thursday, 27 April 2017
- Court Tribunals
- Cout Name Mumbai Tribunal
- Section 54, 54F
- Citation 417Taxpundit354
- Favouring Assessee
Tuesday, 21 March 2017 15:17
It is not the Legal Necessity but Commercial Expediency which guides the Allowability of Expenditure under Section 37(1) of the Act - Mumbai Tribunal
Written by Deepak Kumar
Additional Info
- Case Name Shah Rukh Khan vs. ACIT
- Order Date Friday, 17 March 2017
- Court Tribunals
- Cout Name Mumbai Tribunal
- Section 37(1)
- Citation 317Taxpundit159
- Favouring Assessee (Partly)
Tuesday, 10 January 2017 15:29
Restricting Commission Payments to 3% without Comparative Tabulation with Market Rate is Untenable - Ahmedabad Tribunal
Written by Amit
Additional Info
- Case Name Stallion Laboratories Pvt. Ltd vs. ITO
- Order Date Friday, 06 January 2017
- Court Tribunals
- Cout Name Ahmedabad Tribunal
- Section 144C, 9(1), 40(a)(ia)
- Citation 117Taxpundit16
- Favouring Assessee
Monday, 02 January 2017 13:24
Transfer Pricing - No Income be Taxed in the hands of Foreign Enterprise when the Correct Arm's Length Price is Applied and Paid - Mumbai Tribunal
Written by Taxpundit
Additional Info
- Case Name Taj TV Ltd vs. ADIT
- Order Date Friday, 23 December 2016
- Court Tribunals
- Cout Name Mumbai Tribunal
- Section 144C, 9(1), 40(a)(ia)
- Citation 1216Taxpundit54
- Favouring Assessee
Monday, 05 December 2016 15:17
Addition of Unaccounted Income u/s 68 Cannot be made on the basis of Unsigned, Undated Document found during Search - Delhi Tribunal
Written by Deepak Kumar
Additional Info
- Case Name Samta Khinda vs. ACIT
- Order Date Tuesday, 29 November 2016
- Court Tribunals
- Cout Name Delhi Tribunal
- Section 69, 132, 133, 153, 158, 260, 292C
- Citation 1116Taxpundit28
- Favouring Assessee
Wednesday, 30 November 2016 14:44
Taxation of Gifts of Rs. 2.25 Crore - AO Has No Jurisdiction u/s 153A when the Assessment Attained Finality - Mumbai Tribunal
Written by Taxpundit
Additional Info
- Case Name Ramesh Sumermal Shah. vs. DCIT
- Order Date Monday, 28 November 2016
- Court Tribunals
- Cout Name Mumbai Tribunal
- Section 68, 132, 153A
- Citation 1116Taxpundit24
- Favouring Assessee
Friday, 28 October 2016 15:41
Client Creation Cost is an Intangible Asset and is Eligible for Depreciation at 25% - Hyderabad Tribunal
Written by Amit
Additional Info
- Case Name SWAWS Credit Corporation (P) Ltd vs. DCIT
- Order Date Friday, 21 October 2016
- Court Tribunals
- Cout Name Hyderabad Tribunal
- Section 32
- Citation 1016Taxpundit51
- Favouring Assessee
Thursday, 07 July 2016 11:31
Compensation Received under a Negative Covenant for Impairment of Right is in the Nature of Capital Receipt and Not Liable to Taxes in the Income Tax Act - Hyderabad Tribunal
Written by Taxpundit
Additional Info
- Case Name Orient Blackswan Private Limited vs. ACIT
- Order Date Wednesday, 06 July 2016
- Court Tribunals
- Cout Name Hyderabad Tribunal
- Section 28, 253(5), 115JB
- Citation 716Taxpundit19
- Favouring Assessee
Friday, 01 July 2016 12:34
Penalty u/s 271(1)(b) for Non Compliance of Notice Cannot be Levied when the Order is Passed u/s 143(3) and Not u/s 144 - Delhi Tribunal on 29th June, 2016
Written by Amit
Additional Info
- Case Name Globus Infocom Limited vs. DCIT
- Order Date Friday, 29 July 2016
- Court Tribunals
- Cout Name Delhi Tribunal
- Section 271(1)(b), 143(3)
- Citation 616Taxpundit100
- Favouring Assessee
Tuesday, 28 June 2016 14:31
When the Dominant Object was to Purchase the Capital Assets, the Loss on Sale of same Cannot be Adjusted against Business Income - Hyderabad Tribunal
Written by Deepak Kumar
Additional Info
- Case Name DCIT vs. Sudalagunta Hotels Ltd
- Order Date Monday, 27 June 2016
- Court Tribunals
- Cout Name Hyderabad Tribunal
- Section 28, 32, 14A
- Citation 616Taxpundit85
- Favouring Revenue
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Compensation Received under a Negative Covenant for Impairment of Right is in the Nature of Capital Receipt and Not Liable to Taxes in the Income Tax Act - Hyderabad Tribunal
2016-07-07 06:01:36Orient Blackswan Private Limited vs. ACITRead MoreSection 147, 148 - Re-assessment proceedings is unjustified if recorded reasons are not provided to the assessee.
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