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Rulings ( 11622 results )

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Income tax Appellate Tribunal

ITAT: Deletes addition on disallowance of sales promotion expenses, holds AS7 not applicable to developers

Jul 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2024(Mum)
  • Tax Payer : PRL Developers Private Limited
Income tax Appellate Tribunal

ITAT: Quashes revision for non-fulfilment of twin conditions for Sec.263 invocation as assessment order not erroneous

Jul 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2024(PUN)
  • Tax Payer : Kaluram Ramlal Gehlot
Supreme Court

SC: Dismisses Revenue’s SLP in Acer India holding discount reimbursement to distributor not being commission

Jul 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-487-SC-2024
  • Tax Payer : Acer India Pvt. Ltd.
Supreme Court

SC: Dismisses Revenue SLP in Infosys case, lambasts Department for inordinate delay

Jul 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-486-SC-2024
  • Tax Payer : Infosys Ltd
Supreme Court

SC: Liquor vendors not ‘buyer’ u/s 206C; Reads natural justice principles into TDS Section

Jul 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-485-SC-2024
  • Tax Payer : Mysore Sales International Ltd. & Ors
Supreme Court

SC: Dismisses Revenue’s SLP in Nokia Solutions and Networks on gross delay & insufficient explanation

Jul 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-484-SC-2024
  • Tax Payer : Nokia Solutions And Networks OY
High Court

HC: Assessee exempt from tax deduction on retrospective amendment; Applies 'impotentia excusat legem' principle

Jul 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-483-HC-2024(BOM)
  • Tax Payer : Sociedade De Fomento Industrial Pvt. Ltd
High Court

HC: Expenditure for overseeing holding companies’ projects not subsidiary’s business loss, both being separate entities

Jul 08, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-481-HC-2024(TEL)
  • Tax Payer : Pipelic Energy Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cancellation of trust registration sans specific violation referred in Explanation of Sec.12AB(4), invalid

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2024(HYD)
  • Tax Payer : Myadam Krishan Rao Charitable Trust
Income tax Appellate Tribunal

ITAT: Deletes penalty as AO failed to record satisfaction that income surrendered falls within definition of Sec.271AA

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2024(CHANDI)
  • Tax Payer : Ajay Kumar Sood Engineers And Contractors
Income tax Appellate Tribunal

ITAT: Supply of design & engineering services inextricably linked to offshore plant & equipment sale, not FTS

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2024(DEL)
  • Tax Payer : Andritz AG
Income tax Appellate Tribunal

ITAT: Fees to German Independent consultant not FTS or business income sans PE; Deletes Sec.40(a)(i) disallowance

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2024(CHNY)
  • Tax Payer : Rane Engine Valve Limited
High Court

HC: Audit report referred in corrigendum not fresh tangible material for reassessment; Review for reassessment impermissible

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-478-HC-2024(DEL)
  • Tax Payer : Aarti Fabricott Private Limited
Foreign Court

FC: Colombia Supreme Court holds MFN Clause doesn’t apply automatically unless all conditions satisfied

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-477-FC-2024(COL)
  • Tax Payer : Omar Sebastian Cabrera Cabrera
High Court

HC: SetCom empowered to make additions; Intent of process to balance voluntary disclosure & escaped income

Jul 05, 2024
  • In Favour of Revenue
  • Citation Number : TS-476-HC-2024(DEL)
  • Tax Payer : Harsh Dhanuka HUF
High Court

HC: Explains DTAA Art. 5 ambit, holds Art. 7 as not “all-encompassing"; IMG’s IPL related services not FTS

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-474-HC-2024(DEL)
  • Tax Payer : International Management Group (UK) Ltd.
Income tax Appellate Tribunal

ITAT: Stay extended beyond 365 days as delay not attributable to Assessee; Follows Pepsi Foods

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2024(RAN)
  • Tax Payer : Tata Cummins Private Limited
High Court

HC: Mention of different provision in SCN doesnot vitiate the order; Remands Sec.69A addition matter

Jul 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-472-HC-2024(MAD)
  • Tax Payer : R Chitra
Income tax Appellate Tribunal

ITAT: Deletes disallowance due to procedural irregularity under Sec.143(1) and violation of principles of natural justice

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2024(DEL)
  • Tax Payer : Fortum SAR B.V.
Income tax Appellate Tribunal

ITAT: Fees for live transmission not royalty; Sponsorship & advertisement with no exclusive rights, not royalty

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2024(DEL)
  • Tax Payer : Cricket Australia