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Rulings ( 11626 results )

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High Court

HC: Upholds ITAT's interpretation of ‘received’ under Sec.153(2A) as ‘having knowledge’ in Qualcomm's case

Feb 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-117-HC-2024(DEL)
  • Tax Payer : Qualcomm Incorporated
Income tax Appellate Tribunal

ITAT: Rules on scope of revisionary powers of jurisdictional PCIT vis-a-vis faceless assessment

Feb 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2024(Mum)
  • Tax Payer : RDC Ventures
Income tax Appellate Tribunal

ITAT: Date of shares delivery & consideration determinative of holding period, not SPA execution date

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2024(Mum)
  • Tax Payer : Citicorp International Finance Corporation
High Court

HC: Directs refund, quantified 2 decades ago; Rejects Revenue’s ‘incapacitation plea’ for record-verification

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-108-HC-2024(DEL)
  • Tax Payer : Clix Capital Services Private Limited
High Court

HC: Quashes reassessment proceedings over Sec.56(2)(x) applicability pursuant to Manipal group demerger

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-107-HC-2024(KAR)
  • Tax Payer : Vasanthi Ramdas Pai
Supreme Court

SC: Dismisses Revenue's SLP against quashing of Sec.271C penalty SCN for 9 years delay

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-110-SC-2024
  • Tax Payer : Clix Capital Services Private Limited
Income tax Appellate Tribunal

ITAT: IBM's employee holding UK-TRC eligible for treaty benefits on salary earned in UK

Feb 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-93-ITAT-2024(Kol)
  • Tax Payer : Debarghya Chattopadhaya
Income tax Appellate Tribunal

ITAT: Stamp value on sale-agreement date relevant for Sec.56(2)(vii)(b) valuation, applies proviso

Feb 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2024(DEL)
  • Tax Payer : Shyamkumar Madhavdas Chugh
Income tax Appellate Tribunal

ITAT: Offshore equipment supply to BPCL on FOB basis non-taxable, Rejects Sec.44BB plea

Feb 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2024(DEL)
  • Tax Payer : Air Liquide Global EC Germany GMBH
Income tax Appellate Tribunal

ITAT: Non-supply of assessment records to Assessee violates natural justice; Remands appeal

Feb 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2024(CHANDI)
  • Tax Payer : International Customer Related Management Services P.Ltd
High Court

HC: Applies 'prudent person' test on reason to believe for income escaping assessment

Feb 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-86-HC-2024(BOM)
  • Tax Payer : Sun Tan Trading Co. Ltd
Foreign Court

FC: Pakistan's HC gives Art.8 benefit on income from container detention & services, termination handling

Feb 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-871-FC-2019
  • Tax Payer : A.P. Moller Maersk
High Court

HC: Chargeability to tax ‘paramount’ for Sec.195-TDS on purchases; Non-discrimination clause applicable to Sec.40(a)(i)

Feb 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-106-HC-2024(DEL)
  • Tax Payer : Mitsubishi Corporation India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds addition of 'speed money' paid for obtaining Govt. contracts; Rejects telescoping on admitted income

Feb 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-102-ITAT-2024(HYD)
  • Tax Payer : Nagarjuna Construction Company Ltd (NCCL)
Income tax Appellate Tribunal

ITAT: Sec.194C-TDS inapplicable on OYO's 'minimum guarantee payment' made to hotels

Feb 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2024(DEL)
  • Tax Payer : Oravel Stays Pvt Ltd
Supreme Court

SC: Excluding electoral bonds from Sec.13A ‘political contribution record’ violates citizens' right to information

Feb 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-103-SC-2024
  • Tax Payer : Association for Democratic Reforms & Others
High Court

HC: Remands Boston Scientific’s case on Apex Labs judgment vis-a-vis Doctor’s consultancy fee disallowance

Feb 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-101-HC-2024(DEL)
  • Tax Payer : Boston Scientific India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Mining Contractor's 'overburden removal' expenses revenue in nature, not covered by Sec. 35E

Feb 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2024(Bang)
  • Tax Payer : South West Mining Limited
High Court

HC: Rules on 'pre-approval period' weighted deduction for R&D facility under Sec.35(2AB)

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-98-HC-2024(DEL)
  • Tax Payer : Nagravision India Private Limited
Supreme Court

SC: Dismisses Revenue’s SLP against Delhi HC judgment prescribing guidelines for reopening assessments

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-97-SC-2024
  • Tax Payer : Sabh infrastructure Ltd