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Rulings ( 11622 results )

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Income tax Appellate Tribunal

ITAT: Taxation event arise on sanction accorded by concerned authorities & not on signing of development agreement

Jun 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2024(HYD)
  • Tax Payer : Kiran Reddy Gangidi
Income tax Appellate Tribunal

ITAT: Quashes ‘appeal effect’ order against Tata Motors basis retrospective applicability of Explanation to Sec.115JB

Jun 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2024(Mum)
  • Tax Payer : Tata Motors Ltd
Income tax Appellate Tribunal

ITAT: Final assessment order passed after DRP’s dismissal of Assessee’s objection on limitation, devoid of jurisdiction

Jun 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2024(DEL)
  • Tax Payer : Ares Diversified
Income tax Appellate Tribunal

ITAT: Confirms disallowance of prior period service tax on rental income as business expenditure

Jun 26, 2024
  • In Favour of Revenue
  • Citation Number : TS-446-ITAT-2024(Mum)
  • Tax Payer : Shreya Enterprises
Income tax Appellate Tribunal

ITAT: Pre-retirement period services by Deloitte Partners has ‘prior charge’ on firm’s fees; Deletes disallowance

Jun 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2024(Mum)
  • Tax Payer : Deloitte Haskins and Sells LLP
Income tax Appellate Tribunal

ITAT: Administrative services rendered by AE not FTS under US DTAA; Follows Tyco Fire and Security

Jun 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2024(Bang)
  • Tax Payer : Herbalife International India Private Ltd
High Court

HC: Quashes source report & FIR stating proceedings ‘abuse of process of law’; Relies on Bhajan Lal

Jun 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-442-HC-2024(KAR)
  • Tax Payer : T. N. Chikkarayappa
High Court

HC: Belated TDS deposit on delay in reimbursements by State Govt., reasonable cause; Quashes prosecution

Jun 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-441-HC-2024(AP)
  • Tax Payer : Aditya Institute Of Technology And Management, and Others
High Court

HC: Search assessment based on incriminating material found for only one AY, invalid for rest of the block AYs

Jun 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-436-HC-2024(KER)
  • Tax Payer : Sunny Jacob Jewellers Gold Hyper Market
High Court

HC: Retrospective application of Black Money Act unconstitutional, rules Karnataka HC

Jun 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-440-HC-2024(KAR)
  • Tax Payer : Dhanashree Ravindra Pandit
Income tax Appellate Tribunal

ITAT: Interest income earned from investment with co-operative bank, not eligible for deduction u/s80P(2)(d); Follows Totgars

Jun 22, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2024(Bang)
  • Tax Payer : Brahmavara Vyavasaya Seva
Income tax Appellate Tribunal

ITAT: Corpus specific voluntary contribution, ‘capital receipt’, non-taxable regardless of Sec.11 eligibility

Jun 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2024(Mum)
  • Tax Payer : Gemmological Institute of India
Income tax Appellate Tribunal

ITAT: Quashes reassessment sans foundation material leading to ‘reason to believe’ & information obtained subsequent to reassessment notice

Jun 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2024(DEL)
  • Tax Payer : Santosh Khunteta
Income tax Appellate Tribunal

ITAT: Deletes Sec.40A(3) disallowance for cash paid to agents verifiable under Rule 6DD(1).

Jun 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2024(DEL)
  • Tax Payer : Narender Singh
Income tax Appellate Tribunal

ITAT: Valuation not adopted as per Rule 11UA, matter cannot be remanded for re-determination; Rejects valuation report

Jun 21, 2024
  • In Favour of Revenue
  • Citation Number : TS-437-ITAT-2024(NAG)
  • Tax Payer : Vedsidha Products Pvt. Ltd
Foreign Court

FC: Czech Republic Court rules Entity Engaged in Back-To-Back Transactions, not a ‘Beneficial Owner’

Jun 21, 2024
  • In Favour of Revenue
  • Citation Number : TS-435-FC-2024(CZE)
  • Tax Payer : YOLT Services s.r.o.
Income tax Appellate Tribunal

ITAT: Connectivity services being ancillary to inter-connect services, cannot be treated FTS u/Sec. 9(1)(vii)

Jun 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2024(DEL)
  • Tax Payer : Huawei International Co. Limited
Income tax Appellate Tribunal

ITAT: Sec.144C provisions are mandatorily to be followed prior to final order; Follows Zuari Cement

Jun 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2024(DEL)
  • Tax Payer : ADM Agro Industries Kota & Akola Pvt. Ltd
Foreign Court

FC: US Supreme Court upholds constitutional validity of 'repatriation' tax

Jun 20, 2024
  • In Favour of Revenue
  • Citation Number : TS-432-FC-2024(USA)
  • Tax Payer : Moore
Income tax Appellate Tribunal

ITAT: Upholds Sec.57 disallowance for interest expenses against interest income on unrelated capital receipts

Jun 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2024(Mum)
  • Tax Payer : Vinod D Chheda