Income Tax Judgements

Delegation of certain formalities to another entity would not disentitle developer from the deductions under IT Act

Bimal Jain 23 July 2021 at 09:13

In DCIT v. Sahara India SahkariAwas [ITA Nos.2481 & 2482/Del/2011 and CO Nos.221 & 222/Del/2011 decided on July 19, 2021] Sahara India SahkariAwas ('the Respondent'), a cooperative society of Sahara India group and is engaged in the business of devel

Posted in Income Tax | 114 Views

Credit for TDS will be given in the Assessment Year for which such income is assessable, clarifies ITAT

Guest 22 July 2021 at 10:56

This is an appeal by the Revenue against the order dated 30.01.2013 of CIT(Appeals)-III, Bengaluru, relating to Assessment Year 2007-08.

Posted in Income Tax | 148 Views

Transfer pricing adjustment in respect of the provision of software development services

Guest 22 July 2021 at 10:56

The assessee has filed this appeal challenging the assessment order dated 7.7.2017 passed by the Assessing Officer for assessment year 2013-14 u/s 143(3) r.w.s 144C of the Act in pursuance of directions given by Ld. Dispute Resolution Panel (DRP).

Posted in Income Tax | 267 Views

Is disallowance made by the A.O. on account of interest liability to GoI covered under the provisions of section 43B?

Guest 22 July 2021 at 10:56

This appeal by the revenue is directed against the order of the CIT(Appeals), Gulbarga dated 29.11.2017 for the assessment year 2008-09.

Posted in Income Tax | 127 Views

Amount paid by resident Indian end-users/distributors to non-resident computer software manufacture/suppliers is not royalty

Guest 22 July 2021 at 10:56

These appeals are directed against the separate orders dated 15.6.2018 of the CIT(Appeals)-12, Bengaluru for the assessment years 2013-14 & 2014-15.

Posted in Income Tax | 138 Views

Treatment of consideration received for sale of software as 'royalty'

Guest 22 July 2021 at 10:56

This appeal by the assessee is directed against the order of the Assessing Officer dated 28.11.2017 passed u/s. 143(3) r.w.s. 144C of the Income-tax Act, 1961 [the Act].

Posted in Income Tax | 204 Views

Registration u/s 12AA of Income Tax Act, 1961

Guest 22 July 2021 at 10:56

This appeal by the assessee is directed against the order dated 26.9.2018 of the CIT (Exemptions) [CIT(E), Bangalore rejecting registration u/s. 12AA of the Income-tax Act, 1961 [the Act].

Posted in Income Tax | 119 Views

Disallowance of exemption u/s 54F of the Income Tax Act

Guest 22 July 2021 at 10:56

This appeal at the instance of the assessee is directed against CIT(A)’s order dated 12.03.2019. The relevant assessment year is 2013-2014.

Posted in Income Tax | 102 Views

Is deduction u/s 10A of the Income Tax Act given to the “profits and gains derived by an undertaking”?

Guest 22 July 2021 at 10:56

The assessee has filed these appeals relating to AY 2010-11 and 2012-13. The appeal filed for AY 2010-11 is directed against the order dated 30-08-2019 passed by Ld CIT(A)_10, Bengaluru. The appeal filed for AY 2012-13 is directed against the assessm

Posted in Income Tax | 99 Views

Search and Seizure Operation u/s 132 of the Income-tax Act, 1961

Guest 22 July 2021 at 10:55

These appeals by the assessee are against the separate orders, all dated 31.12.2019 of the CIT(Appeals)-11, Bengaluru for the assessment years 2008-09 to 2011-12. These appeals were heard together and disposed of by this common order for the sake of

Posted in Income Tax | 107 Views