Govt. notification on Minimum Import Price for Steel is in Public Interest, says Delhi High Court [DOWNLOAD ORDER]
A bench comprising of Chief Justice G Rohini and Justice Jayant Nath Delhi High Court today said that Government notification on Minimum Import...
Madras HC upholds Constitutional validity of S. 17(2)(viii) of the Income Tax Act, 1961 [DOWNLOAD JUDGMENT]
The division bench of Madras High Court has upheld the constitutional validity of Section 17(2)(viii) of the Income Tax Act, 1961 in a writ petition filed by All India Bank Officers' Confederation....
Income earned from Letting out a premise owned by charitable Trust is exempted from Taxation; rules Bombay HC [DOWNLOAD JUDGMENT]
The division bench of Bombay High Court has ruled that Income earned from letting out a premise owned by a charitable trust is exempted from Taxation under section 2(15) of the Income Tax Act, 1961. ...
A Foreign Company’s Obligation to Withhold Presumptive Tax and Deposit it with the Department u/s 44D(b) of the Income Tax Act is Optional; Calcutta HC ]DOWNLOAD JUDGMENT]
The Calcutta High Court, while deciding a Writ petition filed by the Timken India Limited & Others against the Deputy Commissioner of Income Tax, Kolkata, under Article 226 of the Constitution,...
Calcutta HC allows deduction for the Expenses Incurred in Development of Software Application u/s 36(1)(iii) of the Income Tax Act [DOWNLOAD JUDGMENT]
The High Court of Calcutta, on 18th March, delivered a landmark judgment by allowing deduction u/s 36(1)(iii)to the assessee, the Indian Aluminum Company Ltd for the expenses incurred by them in...
Gujarat, Calcutta & Delhi High Courts stays Levy of Service Tax on Senior Advocates [DOWNLOAD ORDERS]
The Gujarat High court on March 30th, stayed the implementation of imposing service tax on senior advocates and law firms in Percy Carwash Kavina v. Union of India in which the constitutional validity...
Tax Liability of Foreign Company u/s 44BB towards the Income earned by them in India is subject to the PE concept: Delhi HC [DOWNLOAD JUDGMENT]
The appellant PGS Exploration is a Norwegian Company (Foreign Company)engaged in the business of providing Geophysical services worldwide. These services include the services of acquiring and...
Madras HC upholds constitutional validity of Section 94-A (1), of the Income Tax Act and notifying Cyprus as a Jurisdictional Area [DOWNLOAD ORDER]
The Court ruling comes as a major setback for Foreign Institutional Investors (FII). and upholds the government's decision to tax inflows at 30 per cent TDS from Cyprus. The Madras High Court...
