• IT : Where assessee’s books of account depicted repayment of loan with no identity of creditors and assessee had not produced any material to show that to report loan further loans were availed same was to be treated as undisclosed income of assessee.(Young Men’s Christian Association vs Joint Commissioner of Income-tax (OSD) TAX CASE (APPEAL) NOS. 37 AND 38 OF 2014, M.P. NOS. 1 & 1 OF 2014)
  • IT/ILT : Where TPO made addition to assessee’s ALP in respect of rendering software development services to its AE, in view of fact that one comparable was rendering said services by using its own IPRS in form of patents of software whereas assessee did not own any IPRS and, moreover, some other comparables were found improper on account of selling their own software products, impugned addition deserved to be set aside. (Global Logic India (P) Ltd. Vs  Deputy Commissioner of Income-tax, Circle 12 (1), New Delhi. IT APPEAL NO. 122 (DELHI) OF 2013)[ASSESSMENT YEAR 2008-09]
  • Sec 234E which levies fee for late filing of TDS/TCS returns is constitutionally valid, rules HC. August 11, 2015[2015] 60 taxmann.com 144 (Karnataka). Section 234E does not suffer from any vices for being declared to be ultra vires of the Constitution. Section i.e., 234E is intra vires of the Constitution.