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Rulings ( 11646 results )

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Income tax Appellate Tribunal

ITAT: Addition of alleged bribe to MCI Chairman unsustainable on quashing of CBI chargesheet & consequent acquittal

Mar 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2022(DEL)
  • Tax Payer : Gian Sagar Educational & Charitable Trust
Income tax Appellate Tribunal

ITAT: Non-appearance pursuant to digital notice in year of transition, not deliberate; Deletes Sec.272A(1)(d) penalty

Mar 16, 2022
  • In Favour of Assessee
  • Citation Number : TS-182-ITAT-2022(Mum)
  • Tax Payer : Triumph International Finance India Limited
Income tax Appellate Tribunal

ITAT: NR’s investment in shares from foreign source not taxable as unexplained investment in India

Mar 16, 2022
  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2022(Mum)
  • Tax Payer : Sandeep Dhirajlal Dhakan
Income tax Appellate Tribunal

ITAT: Upholds upper turnover filter of 100 crores; Holds AO’s prima facie view sufficient for TP reference

Mar 16, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-178-ITAT-2022(Bang)
  • Tax Payer : Transworld ICT Solutions Pvt. Ltd
High Court

HC: Allows assessment proceedings during pendency of appeal before ITAT against revision; Directs ITAT for time-bound disposal

Mar 16, 2022
  • In Favour of None/NA
  • Citation Number : TS-180-HC-2022(MAD)
  • Tax Payer : Taqa Neyveli Power Company Private Limited
Income tax Appellate Tribunal

ITAT: Assessee eligible for treaty benefits, not liable for TDS due to erroneous remittance details in Form 15CA/15CB

Mar 15, 2022
  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2022(SUR)
  • Tax Payer : Star Rays
Income tax Appellate Tribunal

ITAT: Cost reimbursed to overseas distributors for warranty, provided under sale agreement to buyers, not FTS

Mar 15, 2022
  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2022(CHNY)
  • Tax Payer : Tractors and Farm Equipment Ltd
Supreme Court

SC: Remits appeal, holds HC not justified in disposing of appeal without discussing issues

Mar 15, 2022
  • In Favour of Revenue
  • Citation Number : TS-176-SC-2022
  • Tax Payer : Motisons Entertainment India Pvt. Ltd
High Court

HC: Upholds penalty against Swiss Bank A/c holder for non-compliance with Sec.142(1) notice

Mar 15, 2022
  • In Favour of Assessee
  • Citation Number : TS-174-HC-2022(DEL)
  • Tax Payer : Jayanti Dalmia
Income tax Appellate Tribunal

ITAT: HAL not liable for TDS on flight tests fee as no technology made available

Mar 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2022(Bang)
  • Tax Payer : Hindustan Aeronautics Ltd
High Court

HC: Directs refund of Rs.349 Cr. to Ericsson, holds reasons for withholding under Sec.241A as irrational

Mar 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-172-HC-2022(DEL)
  • Tax Payer : Ericsson India Private Limited
High Court

HC: Denies Assessee interim custody of alleged undisclosed income, requisitioned by Revenue pursuant to dacoity

Mar 14, 2022
  • In Favour of Revenue
  • Citation Number : TS-171-HC-2022(MP)
  • Tax Payer : Jahar Singh Gurjar
Supreme Court

SC: Bank not obliged for TDS on interest paid to Agra Development Authority; Sets aside penalty orders

Mar 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-170-SC-2022
  • Tax Payer : Union Bank of India
High Court

HC: BPO LLC not required to maintain Escrow A/c as Revenue withdraws SCN for TDS proceedings

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-166-HC-2022(BOM)
  • Tax Payer : Business Process Outsourcing, LLC
Income tax Appellate Tribunal

ITAT: Dispels clubbing provisions where sources of funds not doubted; Allows HRA on rent paid to spouse

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2022(DEL)
  • Tax Payer : Abhay Kumar Mittal
Income tax Appellate Tribunal

ITAT: Deletes addition for alleged penny stock sale absent incriminating material

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2022(Mum)
  • Tax Payer : Vipul Suresh Kumar Modi
Income tax Appellate Tribunal

ITAT: Change in shareholding of ultimate parent company, no trigger for denying set-off of brought forward losses

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2022(DEL)
  • Tax Payer : WSP Consultants India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows exemption of income wrongly recorded in subsequent AY due to error in computer software

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2022(Mum)
  • Tax Payer : Breach Candy Swimming Bath Trust
Income tax Appellate Tribunal

ITAT: Date of possession, not date of registration relevant for construing purchase for Sec.54 benefit

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2022(Mum)
  • Tax Payer : Reji Easow
High Court

HC: Quashes reassessment notice for alleged income escapement over disclosed contingent liability

Mar 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-164-HC-2022(DEL)
  • Tax Payer : KURZ INDIA PRIVATE LIMITED