Rulings ( 11625 results )

HC: Valuation cannot be rejected basis inconsistency between projected & actual figures

  • In Favour of Assessee
  • Citation Number : TS-247-HC-2024(DEL)
  • Tax Payer : Abhirvey Projects Private Limited

HC: Quashes reassessment proceedings initiated basis ‘set aside revisionary order’ of subsequent AY

  • In Favour of Assessee
  • Citation Number : TS-239-HC-2024(BOM)
  • Tax Payer : MFE Formwork Technology SDN.BHD

FC: Italian Apex Court holds treaty benefits on salary under UAE/Qatar DTAA not TRC dependent

  • In Favour of Assessee
  • Citation Number : TS-835-FC-2023(ITL)
  • Tax Payer : Luigi Sergio Del Rio

HC: Incriminating material for one AY cannot trigger Sec.153C proceedings for other relevant AYs

  • In Favour of Assessee
  • Citation Number : TS-246-HC-2024(DEL)
  • Tax Payer : Saksham Commodities Limited

ITAT: Absent independent corroboration, deletes alleged unexplained election expenditure for former TN Minister

  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2024(CHNY)
  • Tax Payer : O. Panneerselvam

HC: PCCIT's sanction against Vodafone mechanical as 'escaped income' reduced by Rs.30,400 Cr. in Sec.148A(d) order

  • In Favour of Assessee
  • Citation Number : TS-243-HC-2024(BOM)
  • Tax Payer : Vodafone Idea Limited

HC: Angel Tax valuation method 'solely' Assessee's choice; Allows independent FMV determination by Revenue

  • In Favour of Assessee
  • Citation Number : TS-241-HC-2024(DEL)
  • Tax Payer : Agra Portfolio Pvt. Ltd

ITAT: Income from running marriage halls incidental to main object, Sec.11 exemption allowable

  • In Favour of Assessee
  • Citation Number : TS-233-ITAT-2024(CHNY)
  • Tax Payer : A.V.M. Charities

ITAT: No income accrual in India from offshore property transfer; Follows Ishikawajma Harima judgment

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2024(Mum)
  • Tax Payer : Schindler China Elevator Company Limited

ITAT: Pre-demonetisation sales cannot be deemed inflated sans discrepancy in records

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2024(DEL)
  • Tax Payer : Harisons Diamonds Pvt Ltd

HC: Events occurring after balance sheet date relevant to ascertain accrual in current year

  • In Favour of Assessee
  • Citation Number : TS-236-HC-2024(DEL)
  • Tax Payer : Bhishansaroop Ram

HC: Reassessment in wife's name invalid where alleged investment made by husband

  • In Favour of Assessee
  • Citation Number : TS-227-HC-2024(BOM)
  • Tax Payer : Kalpita Arun Lanjekar

HC: Reassessment not time-barred over mere delay in furnishing reasons if initiated timely

  • In Favour of Assessee
  • Citation Number : TS-240-HC-2024(KAR)
  • Tax Payer : Bangalore Turf Club Limited

FC: Swiss Court rules on ‘relevance’ of information exchanged under DTAA; Rejects ‘fishing expedition’ plea

  • In Favour of Revenue
  • Citation Number : TS-834-FC-2023(SWTZ)
  • Tax Payer : X Furnishing AG

HC: Exclusion of 'Sec.80G regular registration' in CBDT Circular extending compliance timeline 'unconstitutional'

  • In Favour of Assessee
  • Citation Number : TS-237-HC-2024(MAD)
  • Tax Payer : Sri Nrisimha Priya Charitable Trust

HC: Remits stay application with direction to follow NASSCOM judgment; 40% deposit 'harsher burden'

  • In Favour of Assessee
  • Citation Number : TS-235-HC-2024(DEL)
  • Tax Payer : Sushen Mohan Gupta

HC: Rules on amended Sec.153C ambit, reckoning ‘relevant AYs’ & implications of monetary threshold

  • In Favour of Both, Partially
  • Citation Number : TS-232-HC-2024(DEL)
  • Tax Payer : Ojjus Medicare Pvt. Ltd. & Others

HC: Reads down CBDT Order prescribing Jan'21 as eligibility threshold for old settlement applications

  • In Favour of Assessee
  • Citation Number : TS-234-HC-2024(BOM)
  • Tax Payer : Sar Senapati Santaji Ghorpade Sugar Factory Ltd

HC: Placing notice on e-portal not service; Communication cannot be 'presumed'

  • In Favour of Assessee
  • Citation Number : TS-231-HC-2024(P & H)
  • Tax Payer : Munjal BCU

HC: Sec.80-IC deduction allowable on unsubstantiated share capital addition prior to AY 2013-14

  • In Favour of Assessee
  • Citation Number : TS-230-HC-2024(DEL)
  • Tax Payer : Valley Iron & Steel Co.Ltd