Filters

Keyword Search Authority Location Search by Name In Favour of Industry Date of Pronouncement Case Type Citation Number
close

Rulings ( 11642 results )

Filters
Income tax Appellate Tribunal

ITAT: Upholds taxability as capital gains in partner's hands where JDA for property not part of firm’s business

Apr 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-286-ITAT-2022(Bang)
  • Tax Payer : Muppala Bhasker Reddy
High Court

HC: Upholds disallowance of bonus paid to directors in lieu of dividend; Reiterates settled legal position

Apr 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-276-HC-2022(DEL)
  • Tax Payer : SRC Aviation P. Ltd
Supreme Court

SC: Wipro Finance’s loss on forex loan repayment taken for business expansion allowable under Sec.37(1); Rejects Sec.43A plea

Apr 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-283-SC-2022
  • Tax Payer : Wipro Finance Ltd
Income tax Appellate Tribunal

ITAT: Bangalore Metro liable for TDS on Rs.1225 Cr. since service charge embedded in sum paid for land acquisition

Apr 14, 2022
  • In Favour of Revenue
  • Citation Number : TS-273-ITAT-2022(Bang)
  • Tax Payer : Bangalore Metro Rail Corporation Limited
High Court

HC: Directs CIT(A) to decide Cognizant's stay application against Rs.4,853 Cr. demand in buyback tax case within 4 weeks

Apr 14, 2022
  • In Favour of None/NA
  • Citation Number : TS-277-HC-2022(MAD)
  • Tax Payer : Cognizant Technology Solutions India Private Limited
High Court

HC: Sum withdrawn by buyer from Escrow A/c under SPA, reducible for Cap Gains computation; Expounds on scope of Sec.264

Apr 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-274-HC-2022(BOM)
  • Tax Payer : Dinesh Vazirani
Income tax Appellate Tribunal

ITAT: Sub-contracting charges paid by Infosys to Chinese subsidiary taxable as FTS, under amended Sec.9 & India-China DTAA

Apr 14, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-272-ITAT-2022(Bang)
  • Tax Payer : Infosys Limited
Income tax Appellate Tribunal

ITAT: Rejects taxability of alleged cash pay-outs in former-Karnataka CM's case, basis uncorroborated entries

Apr 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2022(Bang)
  • Tax Payer : B.S. Yediyurappa
High Court

HC: Madras HC dismisses Revenue's writ appeal on limitation period for TPO's order

Apr 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-271-HC-2022(MAD)
  • Tax Payer : Pfizer healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Holds Forex Derivative transactions as non-speculative since incidental to business, eligible for set-off ​​against business income

Apr 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2022(Bang)
  • Tax Payer : Bharat Mines and Minerals
Income tax Appellate Tribunal

ITAT: Correlation between deductible sum & income, not relevant; Provision for discount to dealers covered under Sec.194H

Apr 12, 2022
  • In Favour of Revenue
  • Citation Number : TS-268-ITAT-2022(Bang)
  • Tax Payer : VST Tillers Tractors Limited
High Court

HC: Assessee entitled to interest upto actual date of refund; Directs Revenue to pay interest within 6 weeks

Apr 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-269-HC-2022(DEL)
  • Tax Payer : Ingenico International India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Nomenclature as 'R&D Expenses', not determinative of nature of expenditure; Remits for fresh consideration

Apr 11, 2022
  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2022(Bang)
  • Tax Payer : Continental Automotive Components lndia Pvt. Ltd
High Court

HC: Denies stay on penalty proceedings under BMA, basis Revenue’s limitation plea

Apr 11, 2022
  • In Favour of Revenue
  • Citation Number : TS-265-HC-2022(RAJ)
  • Tax Payer : Krishna Das Agrawal
Income tax Appellate Tribunal

ITAT: Limited scrutiny covers book-profit computation; Upholds addition of loan restructuring fee paid for business expansion

Apr 11, 2022
  • In Favour of Revenue
  • Citation Number : TS-259-ITAT-2022(Mum)
  • Tax Payer : Gujarat Pipavav Port Limited
High Court

HC: Quashes reassessment proceeding in Sun N Sand Hotels' case basis change of opinion over Sec.80-IA deduction

Apr 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-255-HC-2022(BOM)
  • Tax Payer : Sun-n-Sand Hotels Private Limited
Income tax Appellate Tribunal

ITAT: Commission/brokerage paid to foreign agent, not liable for TDS under Sec.195 absent PE in India

Apr 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2022(Mum)
  • Tax Payer : Olivia Impex Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affordable housing project by Lucknow Development Authority covered under charitable purpose clause

Apr 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2022(LKW)
  • Tax Payer : Lucknow Development Authority
Income tax Appellate Tribunal

ITAT: Sets aside revision in Britannia's case over Sec.35(2AB) deduction, advertisement on LinkedIn

Apr 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2022(Kol)
  • Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal

ITAT: Allows claim for TDS credit where corresponding income offered to tax in prior years

Apr 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2022(DEL)
  • Tax Payer : Kema India Private Limited