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Rulings ( 11628 results )

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Income tax Appellate Tribunal

ITAT: Absent involvement of subsidiary, no profit attributable on offshore supplies to Indian customers

Nov 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2023(DEL)
  • Tax Payer : Mosdorfer GMBH
Supreme Court

SC: EEFC A/c forex gain not ‘derived from’ exports; Rejects Sec.80HHC deduction, distinguishes Topman Exports

Nov 21, 2023
  • In Favour of Revenue
  • Citation Number : TS-690-SC-2023
  • Tax Payer : Shah Originals
High Court

HC: Strikes down 'CBDT Circular Clause 7(ii)' prescribing 12 months for filing compounding application

Nov 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-694-HC-2023(MAD)
  • Tax Payer : Jayshree
High Court

HC: Merely posting MA in cause-list & dispatching notice, insufficient for hearing; 'Proper communication' mandatory

Nov 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-692-HC-2023(MAD)
  • Tax Payer : Ejaz Tanning Company
High Court

HC: Sets aside order rejecting tax-evasion compounding application involving HSBC Geneva A/c, directs re-consideration

Nov 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-689-HC-2023(DEL)
  • Tax Payer : Sanjiv Gupta
High Court

HC: Sec.132B-Expl.2 prospective, treats seized cash as advance-tax; Directs interest from ITR-filing date

Nov 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-688-HC-2023(DEL)
  • Tax Payer : Ashok Kumar Aggarwal
High Court

HC: Sec.69 addition on HSBC Geneva deposits, absent 'beneficial ownership' unsustainable; Upholds 'affidavit'

Nov 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-684-HC-2023(P & H)
  • Tax Payer : Joginder Singh Chatha
High Court

HC: Treats assessment order with ‘final order attributes’ as draft, on parties' agreement

Nov 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-686-HC-2023(DEL)
  • Tax Payer : Jubilant Foodworks Ltd
High Court

HC: Reads down Sec.245C(5); Settlement applications for ‘cases’ upto Mar’21 deemed pending

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-685-HC-2023(MAD)
  • Tax Payer : Jain Metal Rolling Mills
Income tax Appellate Tribunal

ITAT: CBDT's DIN Circular 'self-contained code' & mandatory; Quashes DIN-less SCN & revisionary order

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2023(Ahd)
  • Tax Payer : Nova Properties Private Limited
High Court

HC: ITAT order rejecting MA over applying 'penny stock' tax-effect Circular, not appealable

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-680-HC-2023(ORI)
  • Tax Payer : Sekhar Kumar Mohapatra
Income tax Appellate Tribunal

ITAT: Corpus specific voluntary contribution, ‘capital receipt’, non-taxable regardless of trust's registration

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2023(DEL)
  • Tax Payer : Financial Inclusion Trust
Income tax Appellate Tribunal

ITAT: Quashes assessment order over DIN-less DRP directions; CBDT Circular has statutory force

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2023(DEL)
  • Tax Payer : Innio Jenbacher GmbH & Co. OG
High Court

HC: Sales tax subsidy under West Bengal Incentive Scheme, non-taxable capital receipt

Nov 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-683-HC-2023(CAL)
  • Tax Payer : Sova Ispat Ltd
High Court

HC: Filing Form-67 for FTC claim before ITR processing ‘sufficient compliance’; Rule 128 directory

Nov 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-681-HC-2023(MAD)
  • Tax Payer : Duraiswamy Kumaraswamy
Foreign Court

FC: UK Appeals Court holds GAAR inapplicable on transaction undertaken with bona fide commercial reasons

Nov 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-682-FC-2023(UK)
  • Tax Payer : Delinian Limited
Income tax Appellate Tribunal

ITAT: Bayer Crop eligible for Sec.10(1) exemption on hybrid seeds grown with farmers

Nov 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-678-ITAT-2023(Mum)
  • Tax Payer : Bayer Crop Science Ltd
High Court

HC: CBDT’s ‘time travel’ theory ultra vires Sec.149(1); Explains implications of Ashish Agarwal ruling

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-674-HC-2023(DEL)
  • Tax Payer : Ganesh Dass Khanna & Ors.
Income tax Appellate Tribunal

ITAT: Subsequent DIN generation absent prescribed 'exceptional circumstances' unjustified; Holds post-search assessment invalid

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2023(DEL)
  • Tax Payer : Sharda Devi Bajaj
Income tax Appellate Tribunal

ITAT: Interest from Government funds remitted to Consolidated Fund not taxable for PSU

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2023(DEL)
  • Tax Payer : National Highways & Infrastructure Development Corp India