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Rulings ( 11646 results )

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High Court

HC: Conceptualising & developing Museums satisfies ‘charitable purpose’ since contributes to informal education

Mar 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-143-HC-2022(CAL)
  • Tax Payer : Creative Museum Designers
Income tax Appellate Tribunal

ITAT: Centralised Reservation & Property Management Services provided to Marriott, not taxable as FTS or Royalty

Mar 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2022(Mum)
  • Tax Payer : Renaissance Services BV
Income tax Appellate Tribunal

ITAT: Allows Aishwarya Rai's appeal against revision of void reassessment order

Mar 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2022(Mum)
  • Tax Payer : Aishwarya Rai Bachchan
Income tax Appellate Tribunal

ITAT: Dismisses batch of 65 appeals, holds no TDS liability on transponder charges for Viacom 18

Mar 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2022(Mum)
  • Tax Payer : Viacom 18 Media Private Limited
Income tax Appellate Tribunal

ITAT: Upholds revision as borrowed fund not invested, yet interest claimed against investment income

Mar 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-142-ITAT-2022(Bang)
  • Tax Payer : Anirudh Murthy Ranga
Income tax Appellate Tribunal

ITAT: Upholds disallowance of unascertained loss on embezzlement, pending investigation & not charged to P&L A/c

Mar 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-130-ITAT-2022(Bang)
  • Tax Payer : Avijit Dewanjee
Income tax Appellate Tribunal

ITAT: Mixed use charges for regularising commercial use of residential property not deductible under Sec.23(1)

Mar 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-137-ITAT-2022(DEL)
  • Tax Payer : Amar Chand Garg
Income tax Appellate Tribunal

ITAT: Rejects Firm's books prepared after survey on Partner, relies on Partner's statement

Mar 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-128-ITAT-2022(SUR)
  • Tax Payer : Bajarang Developers
Income tax Appellate Tribunal

ITAT: Upholds revision, ledger with incomplete details accepted without further investigation

Mar 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-134-ITAT-2022(CHANDI)
  • Tax Payer : Ashwani Marwah
High Court

HC: Quashes assessment order passed during pendency of reference before DRP, directs for fresh order

Mar 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-131-HC-2022(BOM)
  • Tax Payer : Hactom Agro Pvt Ltd
High Court

HC: Quashes reassessment notice against Mangalore Refinery based on change of opinion

Mar 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-138-HC-2022(BOM)
  • Tax Payer : Mangalore Refinery and Petrochemicals Limited
Income tax Appellate Tribunal

ITAT: Allows reduction of Sec.80HHC profits for computing MAT liability despite retrospective amendment of Sec.115JB

Mar 04, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2022(Ahd)
  • Tax Payer : Torrent Pharmaceuticals Ltd
High Court

HC: Dismisses writ against revisionary order, Assessee's second attempt at seeking interference with assessment order

Mar 04, 2022
  • In Favour of Revenue
  • Citation Number : TS-141-HC-2022(CAL)
  • Tax Payer : Unisource Hydro Carbon Services Private Limited & Anr
Income tax Appellate Tribunal

ITAT: Land transfer to corporate entity for non-agricultural purpose, not taxable, since recognised as rural agricultural land

Mar 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2022(Bang)
  • Tax Payer : D. Dasappa
Income tax Appellate Tribunal

ITAT: Allows increase in book profit based on Form 26AS, Assessee cannot gain from omission in P&L A/c

Mar 03, 2022
  • In Favour of Revenue
  • Citation Number : TS-135-ITAT-2022(Mum)
  • Tax Payer : Everest Kanto Cylinder Ltd
Foreign Court

FC: Trinidad and Tobago's Court of Appeal denies nil withholding on dividend ultimately received by Canadian parent via ‘conduits’

Mar 03, 2022
  • In Favour of Revenue
  • Citation Number : TS-1202-FC-2021(T&T)
  • Tax Payer : Methanex Titan (Trinidad) Unlimited
High Court

HC: Allows Tata AIG’s writ against faceless assessment order, directs de novo consideration with elaborate directions

Mar 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-129-HC-2022(BOM)
  • Tax Payer : Tata AIG General Insurance Company Ltd
High Court

HC: Upholds search on ‘non-filer’ Assessee, finds 'reasons to suspect' in satisfaction note at par with 'reasons to believe'

Mar 03, 2022
  • In Favour of Revenue
  • Citation Number : TS-127-HC-2022(KAR)
  • Tax Payer : Durgappa Lakkanna
Income tax Appellate Tribunal

ITAT: Disallows sales return provision under Sec.37(1), since not ‘past event’ with 'present obligation' as per AS-29

Mar 02, 2022
  • In Favour of Revenue
  • Citation Number : TS-126-ITAT-2022(Bang)
  • Tax Payer : Herbalife International India Private Ltd
High Court

HC: Quashes second Sec.148 notice in HDFC Bank's case over bad debts provision linked to classification of rural branches

Mar 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-125-HC-2022(BOM)
  • Tax Payer : HDFC Bank Ltd.