S. 263 : Commissioner-Revision of orders prejudicial to revenue-Business expenditure-Corporate social responsibility expenses-Amendment brought by way of Explanation 2 to section 37(1) by Finance Act, 2014, with effect from 1-4-2015 is not retrospective in nature-Revision is held to be not valid. [S. 37(1)]
S. 251 : Appeal-Commissioner (Appeals)-Powers-Assessee could not level baseless allegations against CIT(A)-Matter remanded. [S. 250]
S. 234E : Fee-Default in furnishing the statements-Amendment in section 200A by way of insertion of clause (c) was only with effect from 1-6-2015-Levying late fee for period prior to 1-6-2015 is not valid. [S. 200A]
S. 195 : Deduction at source-Non-resident-Income deemed to arise in India-Computer software through EULA/distribution agreement, is not payment of royalty for use of copyright in computer software and, thus, same does not give rise to any income taxable in India-Not liable to deduct tax at source-DTAA-India-USA. [S. 9(1)(vi), Copy Right Act, 1957, S. 14(a), 14(b), 52(1)(aa), Art. 12(4)(b)]
S. 195 : Deduction at source-Non-resident-Transponder service fee-Not in nature of royalty in hand of recipient-Not liable to deduct tax at source. [S. 9(1)(vii), 195(2)]
S. 154 : Rectification of mistake-Unutilisation of MODVAT-Order of Assessing Officer and Commissioner (Appeals) got merged with order of Tribunal-Rejection of rectification application is justified [S. 254(1)]
S. 154 : Rectification of mistake-Interest-Compensation on Agricultural land-Failure to claim statutory deduction-Mistake apparent hence amenable for rectification. [S. 57(iv), 143(1)]
S. 145 : Method of accounting-Real estate business-Percentage completion method-Not justified in rejecting the method of accounting followed by the Assessee.
S. 144C : Reference to dispute resolution panel-Draft assessment order with demand notice-Initiating penalty proceeding-Draft assessment order being contrary to provisions of section 144C could not survive in eyes of law. [S. 156, 271(1)(c)]
S. 143(3) : Assessment-Provision for gratuity-Disallowed in the return-Addition is held to be not valid. [S. 37(1)]