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Income tax Appellate Tribunal
ITAT: Journalist's compensation on contract non-renewal not taxable; 'Business' not inclusive of 'profession'
Jan 31, 2024
- In Favour of Assessee
- Citation Number : TS-53-ITAT-2024(DEL)
- Tax Payer : Padma Rao
High Court
HC: Condones Singaporean Co.'s ITR-filing delay involving refund claim, subject to Rs.50,000 cost
Jan 31, 2024
- In Favour of Assessee
- Citation Number : TS-50-HC-2024(MAD)
- Tax Payer : Tiong Woon Project & Contracting Pte. Ltd
High Court
HC: Explains ‘purpose test’ while holding Maharashtra Govt.'s sales-tax subsidy as capital receipt
Jan 30, 2024
- In Favour of Assessee
- Citation Number : TS-51-HC-2024(DEL)
- Tax Payer : Indo Rama Textiles Ltd
Income tax Appellate Tribunal
ITAT: Absent PE, reinsurance income not taxable; Rejects DRP's approach of 'keeping issue alive'
Jan 29, 2024
- In Favour of Assessee
- Citation Number : TS-44-ITAT-2024(Mum)
- Tax Payer : Swiss Re Asia Pte Ltd
Supreme Court
SC: HC 'simply dismissed' Revenue's appeal against ITC after formulating questions; Directs re-hearing
Jan 29, 2024
- In Favour of Assessee
- Citation Number : TS-49-SC-2024
- Tax Payer : I.T.C. Ltd
High Court
HC: Directs Govt. to address representation for increasing Sec.80TTA limit by Jan 31
Jan 29, 2024
- In Favour of Assessee
- Citation Number : TS-48-HC-2024(KAR)
- Tax Payer : Rupesh Srivastava
Income tax Appellate Tribunal
ITAT: Condones 2900 days appeal-filing delay over non-service of Sec.143(1) intimation
Jan 27, 2024
- In Favour of Assessee
- Citation Number : TS-34-ITAT-2024(Ahd)
- Tax Payer : Prakashkumar Ambalal Patel
Income tax Appellate Tribunal
ITAT: Deletes Sec. 68 addition on gift from NRI through NRE account since onus discharged
Jan 27, 2024
- In Favour of Assessee
- Citation Number : TS-35-ITAT-2024(SUR)
- Tax Payer : Chunibhai Haribhai Gajera
Income tax Appellate Tribunal
ITAT: Deletes addition of alleged inflated fuel-cost basis CESTAT & Electricity Commission order
Jan 27, 2024
- In Favour of Assessee
- Citation Number : TS-46-ITAT-2024(Mum)
- Tax Payer : Reliance Infrastructure Ltd
High Court
HC: Mining Co.'s contribution to Bellary Action Task Force allowable for ‘commercial expediency'
Jan 27, 2024
- In Favour of Assessee
- Citation Number : TS-825-HC-2023(KAR)
- Tax Payer : The Sandur Manganese & Iron Ore Ltd
High Court
HC: Furnishing Form 10B after ITR-filing but before assessment entitles Trust for Sec.11 exemption
Jan 27, 2024
- In Favour of Assessee
- Citation Number : TS-47-HC-2024(GUJ)
- Tax Payer : Gujarat Energy Development Agency
High Court
HC: Sec.148A(a) inquiry discretionary & e-mail clarification not amendment of Sec.148A(b) notice; Upholds reassessment proceedings
Jan 25, 2024
- In Favour of Assessee
- Citation Number : TS-37-HC-2024(CAL)
- Tax Payer : Champa Impex Private Limited
Foreign Court
FC: Ukrainian Supreme Court holds sharing market information is ‘preparatory or auxiliary’, Representative Office not PE
Jan 25, 2024
- In Favour of Assessee
- Citation Number : TS-826-FC-2023(UKR)
- Tax Payer : Ferrostaal Equipment Solutions GmbH
Income tax Appellate Tribunal
ITAT: Deeming provisions of Sec.69A/69B not automatically invocable merely because income surrendered during survey
Jan 25, 2024
- In Favour of Assessee
- Citation Number : TS-45-ITAT-2024(CHANDI)
- Tax Payer : Veer Enterprises
Income tax Appellate Tribunal
ITAT: Management Fee on ECB partakes 'interest' character under Sec.2(28A), exempt under Art.11
Jan 24, 2024
- In Favour of Assessee
- Citation Number : TS-43-ITAT-2024(DEL)
- Tax Payer : AKA AUSFUHRRKREDITGESELLSCHAFT MBH
Income tax Appellate Tribunal
ITAT: Tata Sons eligible for Rs.2,000 Cr long-term capital loss on Tata Tele’s capital reduction
Jan 23, 2024
- In Favour of Assessee
- Citation Number : TS-42-ITAT-2024(Mum)
- Tax Payer : Tata Sons Limited
Supreme Court
SC: Absence of books, due to seizure, cannot justify reassessment since primary facts disclosed
Jan 23, 2024
- In Favour of Assessee
- Citation Number : TS-41-SC-2024
- Tax Payer : Mangalam Publications & Others
High Court
HC: IT Act prevails over RTI Act; Denies PM CARES Fund's tax-exemption related documents
Jan 23, 2024
- In Favour of Revenue
- Citation Number : TS-40-HC-2024(DEL)
- Tax Payer : Girish Mittal
High Court
HC: Sans Revenue's independent inquiry, rejects reassessment proceedings emanating from Shah Commission’s report
Jan 22, 2024
- In Favour of Assessee
- Citation Number : TS-38-HC-2024(BOM)
- Tax Payer : Sociedade De Fomento Industrial Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Piramal's Rs.92 Cr. compensation from Roche on 'agency, distribution & manufacturing' termination, 'business income'
Jan 22, 2024
- In Favour of Assessee
- Citation Number : TS-33-ITAT-2024(Mum)
- Tax Payer : Piramal Enterprises Ltd