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Rulings ( 11633 results )
High Court
HC: Explanation to Sec.10AA(1) inserted by FA 2017 constitutionally valid; Rejects 'legitimate expectation' plea
Oct 04, 2023
- In Favour of Revenue
- Citation Number : TS-575-HC-2023(CAL)
- Tax Payer : IFGL Refractories Ltd. & Anr
High Court
HC: Quashes KKR's reassessment proceedings over TDS issue already considered during assessment
Oct 04, 2023
- In Favour of Assessee
- Citation Number : TS-573-HC-2023(BOM)
- Tax Payer : Knight Riders Sports Private Limited
High Court
HC: Quashes prosecution for wilful tax-evasion sans requisite sanction & initiation by specified authority
Oct 03, 2023
- In Favour of Assessee
- Citation Number : TS-572-HC-2023(TEL)
- Tax Payer : Tirumala Tirupati Constructions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Pfizer's expenditure on brand reminders & journals 'Doctor's Freebies', follows Apex Labs
Oct 03, 2023
- In Favour of Both, Partially
- Citation Number : TS-564-ITAT-2023(Mum)
- Tax Payer : Pfizer Limited
Income tax Appellate Tribunal
ITAT: Quashes revision over taxability of receipts as non-compete fee, finds Sec.28(va) inapplicable
Sep 30, 2023
- In Favour of Assessee
- Citation Number : TS-570-ITAT-2023(CHNY)
- Tax Payer : Sindya Securities & Investments Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules for TCS on advertisement, brand subscription, 10AA deduction, FTC & others
Sep 30, 2023
- In Favour of Both, Partially
- Citation Number : TS-563-ITAT-2023(Mum)
- Tax Payer : Tata Consultancy Services Limited
Income tax Appellate Tribunal
ITAT: Rules on treatment of variation in real-estate value & expenditures, post-occupation certificate
Sep 30, 2023
- In Favour of Both, Partially
- Citation Number : TS-522-ITAT-2023(Mum)
- Tax Payer : Mighty Construction Pvt. Ltd
High Court
HC: Holds reassessment notice valid, not time-barred under Sec.149(1); Dismisses review petition
Sep 30, 2023
- In Favour of Revenue
- Citation Number : TS-571-HC-2023(DEL)
- Tax Payer : Raminder Singh
High Court
HC: Employee’s PF contribution allowable since deposited immediately after national holiday
Sep 30, 2023
- In Favour of Assessee
- Citation Number : TS-565-HC-2023(DEL)
- Tax Payer : Pepsico India Holding Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Routing unaccounted money using listed paper companies, ‘colorable device’ & fraud on Revenue
Sep 29, 2023
- In Favour of Revenue
- Citation Number : TS-569-ITAT-2023(PAN)
- Tax Payer : Manoj Anand
Foreign Court
FC: Kenyan Tribunal holds KMP's situs at relevant time decisive to ascertain control & management
Sep 29, 2023
- In Favour of Revenue
- Citation Number : TS-568-FC-2023
- Tax Payer : Naivas Kenya Limited
High Court
HC: Modifies LOC issued pursuant to BMA proceedings, considers career & personal life
Sep 29, 2023
- In Favour of Assessee
- Citation Number : TS-567-HC-2023(DEL)
- Tax Payer : Prateek Chitkara
High Court
HC: Active state of PAN, no reason to initiate reassessment against merged company
Sep 28, 2023
- In Favour of Assessee
- Citation Number : TS-566-HC-2023(UTT)
- Tax Payer : Delta Electronics India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Subsidiary investment write-off by Religare, case of ‘capital flight’ abroad; Rejects Rs.844 Cr. loss
Sep 28, 2023
- In Favour of Both, Partially
- Citation Number : TS-560-ITAT-2023(DEL)
- Tax Payer : Religare Enterprises Limited
Income tax Appellate Tribunal
ITAT: Deletes Rs.132 Cr. ‘misreported income’ penalty as Jaypee Cement explained bona fide error before detection
Sep 28, 2023
- In Favour of Assessee
- Citation Number : TS-562-ITAT-2023(DEL)
- Tax Payer : Jaypee Cement Corporation Ltd
High Court
HC: No substantial question of law against quashing of revisionary order sans DIN
Sep 27, 2023
- In Favour of Assessee
- Citation Number : TS-561-HC-2023(CAL)
- Tax Payer : Tata Medical Centre Trust
Income tax Appellate Tribunal
ITAT: Absent service component, rejects taxability of software sale as FTS
Sep 27, 2023
- In Favour of Assessee
- Citation Number : TS-559-ITAT-2023(DEL)
- Tax Payer : SoftwareONE Pte. Ltd
Income tax Appellate Tribunal
ITAT: Rejects FTS on 'marketing & sales, operations & standardization services', ‘make available' not satisfied
Sep 27, 2023
- In Favour of Assessee
- Citation Number : TS-558-ITAT-2023(DEL)
- Tax Payer : CEVA Asia Pacific Holdings Company Pte. Ltd
Income tax Appellate Tribunal
ITAT: Sec.10(23EC) exemption allowable to notified Investor Fund, Sec.11(7) bar applicable Apr'24 onwards
Sep 26, 2023
- In Favour of Assessee
- Citation Number : TS-557-ITAT-2023(Mum)
- Tax Payer : NCDEX Investor (Client) Protection Fund Trust
Income tax Appellate Tribunal
ITAT: Sec.115BAA concessional tax-rate allowable in subsequent AYs if Form 10-IC filed in first AY
Sep 26, 2023
- In Favour of Assessee
- Citation Number : TS-548-ITAT-2023(DEL)
- Tax Payer : Concentrix Daksh Services India Pvt. Ltd