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Rulings ( 11633 results )

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Supreme Court

SC: Expounds on principles of settlement & scope of writ jurisdiction; Upholds immunity

Sep 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-556-SC-2023
  • Tax Payer : KOTAK MAHINDRA BANK LTD.
Income tax Appellate Tribunal

ITAT: Upholds BMA penalty for non-disclosure in 'ITR-Schedule FA' despite explaining source & paying income-tax

Sep 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2023(Mum)
  • Tax Payer : Shobha Harish Thawani
High Court

HC: CBDT ignored facts ​& settled​ ​l​aw while deciding condonation application; Allows loss carry forward

Sep 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-555-HC-2023(GUJ)
  • Tax Payer : Chintan Navnitlal Parikh(HUF)
Income tax Appellate Tribunal

ITAT: Addition on protective basis cannot survive as substantive addition time-barred

Sep 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2023(DEL)
  • Tax Payer : Kanav Metals
Income tax Appellate Tribunal

ITAT: Sec.44ADA inapplicable where Assessee does not satisfy 'notified qualifications' clause

Sep 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2023(Mum)
  • Tax Payer : Vishnu Dattatraya Ponkshe
High Court

HC: CIT(A) erred by directing AO for fresh adjudication after deciding in Assessee's favour

Sep 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-537-HC-2023(CAL)
  • Tax Payer : Arun Kumar Bose
High Court

HC: Directs CBDT to decide delay condonation application in filing Form 10-IC

Sep 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-551-HC-2023(CAL)
  • Tax Payer : Metroark Pvt. Ltd. & Anr
High Court

HC: Assessee eligible for VsV settlement despite pending prosecution; Follows Macrotech Developers ruling

Sep 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-552-HC-2023(BOM)
  • Tax Payer : Pragati Pre Fab India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: DCF method for preference shares valuation 'hypothetical', lacks cogency; Upholds Sec.56(2)(viib) addition

Sep 22, 2023
  • In Favour of Revenue
  • Citation Number : TS-547-ITAT-2023(Bang)
  • Tax Payer : MobiCom Technologies Pvt. Ltd
Foreign Court

FC: Brazilian Court holds beneficial treaty provisions prevail over domestic CFC Rules

Sep 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-1060-FC-2022
  • Tax Payer : Petróleo Brasileiro S/A – Petrobrás
High Court

HC: Investment in house property abroad qualifies for Section 54F benefit, amendment not retrospective

Sep 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-545-HC-2023(BOM)
  • Tax Payer : Hemant Dinkar Kandlur
High Court

HC: Quashes Sumitomo's TDS-default order involving Rs.3,000 Cr. demand; Revenue lacks jurisdiction in New Delhi

Sep 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-546-HC-2023(DEL)
  • Tax Payer : Sumitomo Mitsui Financial Group Inc.
Income tax Appellate Tribunal

ITAT: No Sec.80-IA deduction for member on JV's contract; Follows SC's Dilip Kumar ruling

Sep 21, 2023
  • In Favour of Revenue
  • Citation Number : TS-544-ITAT-2023(HYD)
  • Tax Payer : HES Infra Pvt. Ltd
Income tax Appellate Tribunal

ITAT: SanDisk Ireland's Indian AE not Agency PE, contracts concluded by independent distributors

Sep 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2023(Bang)
  • Tax Payer : SanDisk International Ltd.
Income tax Appellate Tribunal

ITAT: Payment for obtaining candidate profile report from server located abroad not royalty

Sep 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2023(DEL)
  • Tax Payer : CAE Simulation Training P. Ltd
Income tax Appellate Tribunal

ITAT: Rules on advertisement expenditure allowability & Sec.68 addition on foreign investment for Cleartrip

Sep 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2023(Mum)
  • Tax Payer : Cleartrip Private Limited
High Court

HC: Reassessment sans faceless proceedings violative of Sec.151A & SC directive in Ashish Agarwal

Sep 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-539-HC-2023(TEL)
  • Tax Payer : Kankanala Ravindra Reddy
High Court

HC: Directs refund of tax recovered exceeding 20% of demand, factors in TDS & TCS

Sep 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-534-HC-2023(DEL)
  • Tax Payer : Orion Security Solutions P. Ltd
Income tax Appellate Tribunal

ITAT: Bonus shares mere capitalisation of reserves, not wealth-altering for shareholder; Sec.56(2)(vii) inapplicable

Sep 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2023(DEL)
  • Tax Payer : Aruna Chandhok
Income tax Appellate Tribunal

ITAT: Notifying hearing date on portal not ‘effective service’ under Sec.282; Directs fresh hearing

Sep 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2023(CHANDI)
  • Tax Payer : Sant Kabir Mahasabha