The Karnataka High Court held that the Third Party Administrator (TPA) is required to deduct tax at source (TDS) on payments made to hospitals under Section 194J of the Income Tax Act. The assessee, TTK...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of fees for technical...
The Madras High Court directed the Assessing Officer to determine whether borrowed funds used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted. The Revenue has preferred these Appeals raising the...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the Assessing Officer (AO) is not empowered to reject selection and valuation methods adopted by taxpayers. The assessee company, M/s. GSE Commerce Private Ltd. operates...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year returning an...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench imposed the penalty for failure to maintain Transfer Pricing Documents under and Section 271AA. The assessee, Convergys Customer Management Group Inc. is a non-resident company incorporated...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that TDS cannot be deducted on the rent if the accommodation services were taken on a casual basis. The assessee, Dadiba kali Pundole Esplanade House is...
The Karnataka High Court while dismissing the plea of the revenue held that the revenue is liable to pay interest on the amount of interest on refund. The assessee, Syndicate Bank is a Nationalized Commercial...
The Madras High Court held that expenditure on the leased premises towards civil works, furniture, etc. can not be capital expenditure. The matters arose pursuant to an order under Section 254 of the Act and...
The Madras High Court while upholding the order of the tribunal disallowed interest and additional expenditure incurred on account of exchange fluctuation. The assessee, M/s.Continuum Wind Energe (India) Pvt. Ltd. is a company engaged in...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that roaming charges paid by Reliance Communications are not in the nature of ‘fee for technical services’, tax deducted at source (TDS) not liable to be...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Acer India can not be fastened with liability to Tax Deducted at Source (TDS) retrospectively in respect of payments made for purchase of licensed software....
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench deleted the penalty for failure to deduct tax at source (TDS) against Canara Bank. The Assessee, M/s. Canara Bank is a nationalised bank, carrying on banking business...
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench while setting aside the order passed by the Assessing Officer deleted the disallowance against the Coffeeday Enterprises. The assessee, M/s Coffeeday Enterprises Ltd. is engaged in the...
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that income already disclosed under Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016 can not be treated as unexplained income under section 68 of the Income Tax...
The Madras High Court while upholding the order passed by the Tribunal held that the deemed dividend under Section 2(22) (e) is to be assessed in the hands of the shareholder and not in the...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the deduction of Rs. 1.78 Billion in respect of profit and gains in the development of the Special Economic Zone (SEZ) under section 80 IA...
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench vehicle deleting the penalty held that the assessee, Bank of India was not guilty of non-deduction of Tax Deduction at Source (TDS). The assessee bank has paid...
The Karnataka High Court upheld the order of the Tribunal disallowing the expenditure under Section 40A(3) of the Income Tax Act, 1961 in respect of cash payments made by the assessee to the agriculturists/farmers for...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while upholding the order passed by the CIT(A) allowed the deduction to the assessee, Cafe Coffee Day in respect of belated payment of Employee’s contribution to PF....
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the exemption under Section 11 and 12 to Association of State Road Transport Undertaking as it qualified as an organization for charitable purposes. The assessee,...
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