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Rulings ( 11642 results )

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High Court

HC: Follows other HCs in reassessment controversy; Quashes notice issued under old regime, grants Revenue liberty to reissue notices

Apr 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-309-HC-2022(KAR)
  • Tax Payer : Mohammed Mustafa
Income tax Appellate Tribunal

ITAT: Deletes ad hoc disallowance of cash expenditure on fuel, freight for transport operator

Apr 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-303-ITAT-2022(Mum)
  • Tax Payer : M/s.Bhushan Logistics Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Holds MOL Corp’s revenue from product licencing fees, cloud services not taxable as royalty

Apr 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2022(DEL)
  • Tax Payer : M/s. MOL Corporation
High Court

HC: Quashes reassessment notice as JAO admits ‘bonafide mistake’ due to work load

Apr 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-306-HC-2022(BOM)
  • Tax Payer : Abhinandan Exports
High Court

HC: Dismisses petition as meritless against rejection of interest waiver over delayed payment of demand

Apr 22, 2022
  • In Favour of Revenue
  • Citation Number : TS-304-HC-2022(MAD)
  • Tax Payer : Ravikumar Dhandhania
Income tax Appellate Tribunal

ITAT: Holds permissive possession of property under JDA for specific purpose of development not transfer

Apr 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2022(Bang)
  • Tax Payer : Sri Sai Lakshmi Industries Pvt. Ltd
High Court

HC: Directs Revenue to return seized diamonds while holding time limit under Sec.132B as mandatory

Apr 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-295-HC-2022(GUJ)
  • Tax Payer : Ashish Jayantilal Sanghavi
High Court

HC: Quashes reassessment notice, order of reference to TPO and order rejecting assessee's objections to AO's jurisdiction

Apr 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-296-HC-2022(KAR)
  • Tax Payer : Bharat Fritz Werner Ltd
Income tax Appellate Tribunal

ITAT: United Airlines eligible for Art.8 benefit on baggage screening services rendered​ under IATP Pool

Apr 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2022(DEL)
  • Tax Payer : United Airlines
Supreme Court

SC: Upholds maintainability of appeal basis tax-effect in impugned order, de hors subsequent reduction in penalty

Apr 20, 2022
  • In Favour of Revenue
  • Citation Number : TS-294-SC-2022
  • Tax Payer : Late Shri Gyan Chand Jain through LR
High Court

HC: Holds ‘referral fee’ not allowable for multi-speciality hospital while quashing reassessment notices; Follows Apex Labs ruling

Apr 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-292-HC-2022(CAL)
  • Tax Payer : Peerless Hospitex Hospital and Research Center Limited
High Court

HC: Holds 2016 amendments in 'benami transaction' definition as 'qualitative', thus, prospective; Quashes provisional attachment

Apr 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-291-HC-2022(TEL)
  • Tax Payer : Nexus Feeds Limited & Others
Income tax Appellate Tribunal

ITAT: Holds Deloitte's subscription fees received from member firms as exempt since governed by principles of mutuality

Apr 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2022(DEL)
  • Tax Payer : Deloitte Touche Tohmastu
High Court

HC: Revenue's inaction on immunity application cannot prejudice Assessee since prerequisites satisfied; Quashes penalty, grants immunity

Apr 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-289-HC-2022(DEL)
  • Tax Payer : Nirman Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.56(2)(viib) addition resulting from rounding-off of shares' issue price

Apr 19, 2022
  • In Favour of Revenue
  • Citation Number : TS-281-ITAT-2022(Mum)
  • Tax Payer : Royal Accord Realtors Pvt. Ltd.
High Court

HC: Reassessment notice received on Apr 1, 2021 legally valid since digitally signed & electronically issued on Mar 31, 2021

Apr 18, 2022
  • In Favour of Revenue
  • Citation Number : TS-288-HC-2022(MAD)
  • Tax Payer : Malavika Enterprises
Income tax Appellate Tribunal

ITAT: Allows rectification of Sec.80-IA claim over adjustment of brought forward unabsorbed depreciation

Apr 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-285-ITAT-2022(Ahd)
  • Tax Payer : Atul Ltd
Income tax Appellate Tribunal

ITAT: Floor demolished prior to transfer of property not relevant for computing Capital Gains

Apr 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-279-ITAT-2022(VIZ)
  • Tax Payer : Vishal Varma Siruvuri
Income tax Appellate Tribunal

ITAT: Private Discretionary Trust taxable as AOP, not Individual, basis definition of Person under Sec.2(31)

Apr 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-284-ITAT-2022(Mum)
  • Tax Payer : Mamania Family Trust
Income tax Appellate Tribunal

ITAT: Yatra Online’s deposits with airlines rendered irrecoverable due to bankruptcy, allowable as business loss

Apr 16, 2022
  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2022(Mum)
  • Tax Payer : Yatra Online Private Limited