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Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Absent profit distortion, rejects Revenue's change in accounting method for real-estate developer

Oct 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2023(PUN)
  • Tax Payer : S.S. Group, 9, Siddhivinayak
Income tax Appellate Tribunal

ITAT: Allows Mauritian entity carry-forward of LTCL along with DTAA exemption for STCG

Oct 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2023(Mum)
  • Tax Payer : Indium IV (Mauritius) Holdings Limited
Supreme Court

SC: Sec.153C AYs to be reckoned from forwarding of seized material, not search date

Oct 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-592-SC-2023
  • Tax Payer : Jasjit Singh
Income tax Appellate Tribunal

ITAT: DIN for DRP directions non-existent on portal, quashes consequential assessment order

Oct 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2023(DEL)
  • Tax Payer : Berlian McDermott Sdn.Bhd
High Court

HC: Rules for Hyatt Regency, law prevails over book entries for resolving capital v. revenue dispute

Oct 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-589-HC-2023(DEL)
  • Tax Payer : Asian Hotels Ltd
High Court

HC: Grants buyer 'TCS refund' via seller as ITAT found no TCS default

Oct 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-587-HC-2023(JHAR)
  • Tax Payer : Adhunik Power & Natural Resources Ltd
Income tax Appellate Tribunal

ITAT: Rejects adjournment basis order awaited in holding co.'s case; Vacates stay

Oct 09, 2023
  • In Favour of Revenue
  • Citation Number : TS-586-ITAT-2023(Mum)
  • Tax Payer : NSE clearing Ltd
Income tax Appellate Tribunal

ITAT: Receipts from subscription, professional & training services not FTS under Act or India-Netherlands DTAA

Oct 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-585-ITAT-2023(DEL)
  • Tax Payer : Service Now Nederland BV
High Court

HC: Quashes IDFC's reassessment proceedings as no 'new' or 'tangible' information found

Oct 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-579-HC-2023(MAD)
  • Tax Payer : IDFC Limited
Income tax Appellate Tribunal

ITAT: UK Co.’s income from telecom roaming services not taxable; Rejects process royalty plea

Oct 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2023(Mum)
  • Tax Payer : Telefonica UK Limited
Income tax Appellate Tribunal

ITAT: Rules on Bank's TDS liability under Sec.194A where Form 15G/H filed by recipient

Oct 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2023(NAG)
  • Tax Payer : Bank of India
High Court

HC: Reason to believe based on erroneous fact of non-filing ITR; Quashes reassessment notice

Oct 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-553-HC-2023(DEL)
  • Tax Payer : TARLOCHAN LAL GOEL
High Court

HC: Working capital loan waiver, not taxable under Sec.28(iv); Follows SC ruling in Mahindra

Oct 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-584-HC-2023(KAR)
  • Tax Payer : I.G. Petrochemicals Ltd
High Court

HC: Expounds on Sec.201 limitation period involving NR payees; Disagrees with Delhi HC

Oct 07, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-583-HC-2023(TEL)
  • Tax Payer : Dr. Reddys Laboratories Limited
Income tax Appellate Tribunal

ITAT: Absent 'right to receive' interest not taxable, FDs under CBI's prohibitory orders

Oct 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-576-ITAT-2023(Bang)
  • Tax Payer : Bellary Iron-Ores Pvt Ltd
Foreign Court

FC: UK Tribunal holds permanent factors prevail over temporary for centre of vital interests

Oct 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-1061-FC-2022(UK)
  • Tax Payer : Jonathan Oppenheimer
Income tax Appellate Tribunal

ITAT: Upholds addition of LTCG & unsecured loans, basis 'fraud doctrine'; Distinguishes Jurisdictional HC ruling

Oct 06, 2023
  • In Favour of Revenue
  • Citation Number : TS-581-ITAT-2023(PUN)
  • Tax Payer : Splice Biotech Pvt. Ltd
High Court

HC: Sec.148A(d) order not detailed adjudication, contestable on merits in reassessment & appellate proceedings

Oct 05, 2023
  • In Favour of Revenue
  • Citation Number : TS-578-HC-2023(ALL)
  • Tax Payer : Smart Vishwas Society
Income tax Appellate Tribunal

ITAT: Absent evidence of cost-allocation & actual incurrence, upholds taxability of reimbursement as FTS

Oct 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2023(Mum)
  • Tax Payer : Kraft Foods Group Brands LLC
Income tax Appellate Tribunal

ITAT: Valuation date financials, audited later, acceptable for FMV determination; Deletes Sec.56(2)(viia) addition

Oct 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-574-ITAT-2023(HYD)
  • Tax Payer : Neovantage Innovation Park Private Limited