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Rulings ( 11646 results )

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High Court

HC: Quashes reassessment notices & holds Explanations to TOLA Notifications, ultra vires; Revenue may initiate reassessment under new regime

Mar 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-225-HC-2022(BOM)
  • Tax Payer : Tata Communications Transformation Services Limited
Income tax Appellate Tribunal

ITAT: Subscriber fees received by Salesforce.com from web-based CRM services, not taxable as royalty

Mar 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2022(DEL)
  • Tax Payer : Salesforce.com Singapore Pte
High Court

HC: Quashes reassessment proceeding against Vodafone Luxembourg due to Revenue's contradictory stand

Mar 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-219-HC-2022(DEL)
  • Tax Payer : Vodafone Luxembourg 5 S A R L
Supreme Court

SC: Immunity under IDS not extendable to non-declarant, upholds reassessment proceeding

Mar 29, 2022
  • In Favour of Revenue
  • Citation Number : TS-221-SC-2022
  • Tax Payer : M. R. Shah Logistics Pvt. Ltd
Supreme Court

SC: HC duty bound to pass reasoned order in petitions against reopening of assessment; Directs for fresh decision

Mar 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-220-SC-2022
  • Tax Payer : Vishal Ashwin Patel
Income tax Appellate Tribunal

ITAT: Collection charges received by Lufthansa from AAI not exempt under Article 8, taxable as business income

Mar 28, 2022
  • In Favour of Revenue
  • Citation Number : TS-218-ITAT-2022(DEL)
  • Tax Payer : Lufthansa German Airlines
Income tax Appellate Tribunal

ITAT: Co-op Society discharging onus under Sec.68 not liable for addition on contravention of RBI's Demonetisation Notifications

Mar 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2022(Bang)
  • Tax Payer : Bhageeratha Pattina Sahakara Sangha Niyamitha
Income tax Appellate Tribunal

ITAT: Upholds Sec.201 proceedings against Biocon for TDS default on year-end provisions, despite suo motu disallowance under Sec.40(a)(i)/(ia)

Mar 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-216-ITAT-2022(Bang)
  • Tax Payer : BIOCON LTD
Income tax Appellate Tribunal

ITAT: Reiterates legal position on 16 years period for reopening of assessment; Follows Dilip Thakkar ruling

Mar 26, 2022
  • In Favour of Revenue
  • Citation Number : TS-213-ITAT-2022(Mum)
  • Tax Payer : Mitali R. Lakhanpal
Income tax Appellate Tribunal

ITAT: Form 67 filing directory, not mandatory, remands matter to ascertain allowability of FTC

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2022(Bang)
  • Tax Payer : 42 Hertz Software India Pvt. Ltd.,
Income tax Appellate Tribunal

ITAT: Addition based on information received from Mauritius subsequent to search not tenable in non-abated assessment

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2022(Mum)
  • Tax Payer : Luxora Infrastructure
Income tax Appellate Tribunal

ITAT: Sec.23(5) inapplicable prior to AY 2018-19, hypothetical rent from unsold stock not taxable as business income

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2022(PUN)
  • Tax Payer : KD Construction unit I
Income tax Appellate Tribunal

ITAT: Interest under Sec. 24 not deductible sans proof of completion of construction & readiness to let out

Mar 26, 2022
  • In Favour of Revenue
  • Citation Number : TS-193-ITAT-2022(Bang)
  • Tax Payer : Netra Software Technologies P Ltd
Income tax Appellate Tribunal

ITAT: Lull in production no reason to disallow depreciation since assets put to use

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2022(DEL)
  • Tax Payer : The Fertilizer Corporation of India Ltd
Income tax Appellate Tribunal

ITAT: Deletes addition for deemed rental income based on unreasonable quantification

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2022(DEL)
  • Tax Payer : Sunil Kumar
Income tax Appellate Tribunal

ITAT: Interest on unsecured loans from related parties at 18%, not 'excessive and unreasonable' considering business contingencies

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2022(Mum)
  • Tax Payer : Zee Fabrics Inc.
Income tax Appellate Tribunal

ITAT: Absence of reasons for accepting Assessee’s explanation in assessment proceeding, insufficient for invoking Sec.263

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2022(Mum)
  • Tax Payer : Reliance Payment Solutions Limited
High Court

HC: Quashes reassessment notice as reasons to believe contrary to Revenue's stand in related appellate proceedings

Mar 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-215-HC-2022(BOM)
  • Tax Payer : Hanwant Manbir Singh
Income tax Appellate Tribunal

ITAT: Holds Hyundai's exports incentive taxable as revenue receipt; Rules on Sec.32AC investment allowance

Mar 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2022(CHNY)
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Sum paid for network connectivity services, not royalty; Deletes Rs.383 Cr disallowance

Mar 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2022(DEL)
  • Tax Payer : B.T. Global Communications India Pvt. Ltd