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Rulings ( 11633 results )
Income tax Appellate Tribunal
ITAT: NLU-D not engaged in ‘business’, Sec.44AB audit inapplicable; Deletes Sec.271B penalty
May 25, 2023
- In Favour of Assessee
- Citation Number : TS-278-ITAT-2023(DEL)
- Tax Payer : National Law University
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)'s direction to AO for error-rectification without notice to Assessee
May 25, 2023
- In Favour of Revenue
- Citation Number : TS-274-ITAT-2023(HYD)
- Tax Payer : Petla Jagannadh
Income tax Appellate Tribunal
ITAT: Admits Malaysian Co.'s additional evidence against Installation PE; Directs factual verification & re-adjudication
May 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-272-ITAT-2023(DEL)
- Tax Payer : Sime Darby Engineering Sdn Bhd
Income tax Appellate Tribunal
ITAT: Religare's provisions for 'unsettled' & 'incurred but not reported' claims allowable, not contingent liability
May 24, 2023
- In Favour of Assessee
- Citation Number : TS-271-ITAT-2023(DEL)
- Tax Payer : Religare Health Insurance Co. Ltd
Income tax Appellate Tribunal
ITAT: Effluent treatment system qualifies as infrastructure facility, eligible for Sec.80-IA benefit
May 23, 2023
- In Favour of Assessee
- Citation Number : TS-269-ITAT-2023(Mum)
- Tax Payer : Viral Alkalis Ltd
Income tax Appellate Tribunal
ITAT: Extended limitation not applicable for pre-2011 Swiss Bank 'information exchange' cases
May 22, 2023
- In Favour of Assessee
- Citation Number : TS-268-ITAT-2023(DEL)
- Tax Payer : Praveen Sawhney
Income tax Appellate Tribunal
ITAT: Grants conditional stay to Nikesh Arora on demand from Snapdeal & Ola share-sale categorisation
May 22, 2023
- In Favour of Both, Partially
- Citation Number : TS-267-ITAT-2023(DEL)
- Tax Payer : Nikesh Arora
Income tax Appellate Tribunal
ITAT: No technology 'made available' in maintenance, support & training for software; Rejects FTS plea
May 22, 2023
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2023(Mum)
- Tax Payer : Murex Southeast Asia Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Delay in employees' PF remittance 'indicated' in Form-3CD, sufficient for Sec.143(1) adjustment
May 20, 2023
- In Favour of Revenue
- Citation Number : TS-265-ITAT-2023(Kol)
- Tax Payer : Siddhi Vinayaka Graphics Private Limited
Income tax Appellate Tribunal
ITAT: Assessment order passed on non-existent entity, illegal; Follows Maruti Suzuki over Mahagun Realtors
May 20, 2023
- In Favour of Assessee
- Citation Number : TS-262-ITAT-2023(PUN)
- Tax Payer : Lear Automotive India Private Limited
Income tax Appellate Tribunal
ITAT: Denies Sec.80P deduction to co-operative society on FD interest from co-op bank
May 20, 2023
- In Favour of Assessee
- Citation Number : TS-255-ITAT-2023(Bang)
- Tax Payer : Sangam Coop. Credit Society Ltd
High Court
HC: Rejects case transfer in absence of cogent material evidencing connection with searched entity
May 20, 2023
- In Favour of Assessee
- Citation Number : TS-237-HC-2023(BOM)
- Tax Payer : Kamal Varandmal Galani
High Court
HC: Expounds on scope of writ powers vis-a-vis reassessment proceedings while dismissing Assessee's petition
May 20, 2023
- In Favour of Revenue
- Citation Number : TS-263-HC-2023(ALL)
- Tax Payer : Deepak Kumar Yadav
Income tax Appellate Tribunal
ITAT: Banking transaction cannot convert non-genuine into genuine; Rejects Sec.10(38) exemption on penny stock
May 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2023(DEL)
- Tax Payer : Sangeeta Devi Jhunjhunwala
Foreign Court
FC: Danish Supreme Court holds beneficial owner, not interposed entities, qualify for DTAA benefit on interest
May 19, 2023
- In Favour of Revenue
- Citation Number : TS-258-FC-2023(DEN)
- Tax Payer : Takeda A / S, NTC Parent
Income tax Appellate Tribunal
ITAT: Receipts from Delhi Airport Metro for engineering & project management, FTS not business income
May 19, 2023
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2023(DEL)
- Tax Payer : MTR Corporation Ltd
Income tax Appellate Tribunal
ITAT: Indian Institute of Banking & Finance not 'solely' educational; Denies Sec.10(23C)(vi) exemption
May 18, 2023
- In Favour of Revenue
- Citation Number : TS-260-ITAT-2023(Mum)
- Tax Payer : The Indian Institute Of Banking & Finance (Formerly known as The Indian Institute of Bankers)
Income tax Appellate Tribunal
ITAT: Assessment order not rectifiable on jurisdictional issue once merits approved in appeal
May 18, 2023
- In Favour of Revenue
- Citation Number : TS-259-ITAT-2023(HYD)
- Tax Payer : Krishna Kumar D Shah (HUF)
High Court
HC: Imposes Rs.1 Lac cost on Assessee for 'misconceived' & 'mischievous' submission in reassessment writ
May 18, 2023
- In Favour of Revenue
- Citation Number : TS-257-HC-2023(MAD)
- Tax Payer : Manas
High Court
HC: Sec.45(5A) not remedial or clarificatory, thus, prospective; Rejects Assessee's ‘class discrimination’ plea
May 17, 2023
- In Favour of Revenue
- Citation Number : TS-256-HC-2023(PAT)
- Tax Payer : Pankaj Kumar