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Rulings ( 11639 results )
Income tax Appellate Tribunal
ITAT: Receipts from centralised services to Indian hotels not FTS/FIS; Follows Delhi HC ruling in Sheraton International
May 06, 2022
- In Favour of Assessee
- Citation Number : TS-344-ITAT-2022(DEL)
- Tax Payer : Starwood Hotels & Resorts Worldwide Inc.
High Court
HC: Sets aside Interglobe Aviation's reassessment notice involving Rs.4000 Cr. foreign remittance; Revenue to decide on objections within 8 weeks
May 06, 2022
- In Favour of Assessee
- Citation Number : TS-340-HC-2022(DEL)
- Tax Payer : Interglobe Aviation Limited
High Court
HC: Eight hours to respond to show cause notice, unreasonable & ineffective; Sets aside reassessment order
May 06, 2022
- In Favour of Assessee
- Citation Number : TS-345-HC-2022(DEL)
- Tax Payer : Rahul Biala
Income tax Appellate Tribunal
ITAT: Statements of customers' employees without cogent material, insufficient for concluding existence of PE
May 05, 2022
- In Favour of Assessee
- Citation Number : TS-342-ITAT-2022(DEL)
- Tax Payer : AB Sciex Pte. Ltd.
Income tax Appellate Tribunal
ITAT: Holds salary reimbursement of Goldman Sachs' seconded employees, not taxable as FTS
May 05, 2022
- In Favour of Assessee
- Citation Number : TS-341-ITAT-2022(Bang)
- Tax Payer : Goldman Sachs Services Pvt. Ltd
Supreme Court
SC: Strikes balance between Revenue's & Assessees' rights to settle reassessment controversy; Modifies HC rulings by invoking Art.142
May 04, 2022
- In Favour of Both, Partially
- Citation Number : TS-339-SC-2022
- Tax Payer : Ashish Agarwal
High Court
HC: Interest on compensation awarded by MACT not taxable, de hors amendment to Section 145A(b)
May 04, 2022
- In Favour of Assessee
- Citation Number : TS-336-HC-2022(GUJ)
- Tax Payer : The Oriental Insurance Co. Ltd
Income tax Appellate Tribunal
ITAT: Allows FTC on aggregate of net business & other income from Ghana
May 04, 2022
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2022(Bang)
- Tax Payer : Invendis Technologies India Private Limited
High Court
HC: Upholds higher compounding fee for 'repeat TDS offender' as per CBDT Guidelines
May 02, 2022
- In Favour of Revenue
- Citation Number : TS-334-HC-2022(DEL)
- Tax Payer : Maspar Industries Private Limited & Ors
High Court
HC: Quashes reassessment notice over taxability of Wipro's shares gifted to Azim Premji Trust’s corpus
May 02, 2022
- In Favour of Assessee
- Citation Number : TS-333-HC-2022(KAR)
- Tax Payer : Azim Premji Trustee Company Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Receipts from sale of Microsoft's retail products, cloud services not taxable as royalty
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-317-ITAT-2022(DEL)
- Tax Payer : Microsoft Regional Sales Pte. Ltd
Income tax Appellate Tribunal
ITAT: Interest on sum paid to National Pharma Pricing Authority for drugs' overpricing, allowable under Sec.37(1) & 43B
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-311-ITAT-2022(DEL)
- Tax Payer : T.C. Healthcare P. Ltd
Income tax Appellate Tribunal
ITAT: Royalty paid by Nefab India for technical know-how under licence agreement with Swedish parent, revenue expenditure
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-320-ITAT-2022(DEL)
- Tax Payer : Nefab India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Non-compete fee, ‘a right in personam’, ineligible for depreciation under Sec.32
Apr 30, 2022
- In Favour of Revenue
- Citation Number : TS-325-ITAT-2022(DEL)
- Tax Payer : Sagar Ratna Restaurants Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Transportation business carried out through hired vehicles not covered by Sec.194C
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-314-ITAT-2022(SUR)
- Tax Payer : Ajay Dahyabhai Patel
Income tax Appellate Tribunal
ITAT: Interest on delayed payment of TDS, compensatory in nature, deductible in computing taxable income
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2022(Mum)
- Tax Payer : Resolve Salvage & Fire India Private Limited
Income tax Appellate Tribunal
ITAT: Disallows Havmor interest on borrowings for extension of business, reflected as Capital WIP
Apr 30, 2022
- In Favour of Both, Partially
- Citation Number : TS-322-ITAT-2022(Ahd)
- Tax Payer : Havmor Ice Cream Limited
Income tax Appellate Tribunal
ITAT: Holds additions basis change in accounting method for AMC contract revenue, untenable
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-323-ITAT-2022(CHNY)
- Tax Payer : Fuji Electric Consul Neowatt Pvt.Ltd.
High Court
HC: Holds cancellation of Trust’s registration basis third party statement, devoid of satisfaction under Sec 12AA(3), unsustainable
Apr 30, 2022
- In Favour of Assessee
- Citation Number : TS-326-HC-2022(CAL)
- Tax Payer : Sanskriti Sagar
Income tax Appellate Tribunal
ITAT: Holds provisional & conditional registration under Sec.12AB for registered trust, improper; Remits for de novo consideration
Apr 29, 2022
- In Favour of Assessee
- Citation Number : TS-329-ITAT-2022(Mum)
- Tax Payer : Saifee Burhani Upliftment Trust