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Rulings ( 11633 results )
High Court
HC: Delayed payment not necessarily willful tax-evasion; Quashes Sec.276C/277 prosecution
May 17, 2023
- In Favour of Assessee
- Citation Number : TS-254-HC-2023(TEL)
- Tax Payer : Vivimed Labs Ltd
Supreme Court
SC: Expounds on Sec.69A expanse for 'other valuable articles' & 'ownership' vis-a-vis goods carrier
May 17, 2023
- In Favour of Assessee
- Citation Number : TS-252-SC-2023
- Tax Payer : D. N. Singh
Income tax Appellate Tribunal
ITAT: Revenue’s query on CAPM, for determining valuer’s competence, irrelevant; Deletes Sec.56(2)(viib) addition
May 16, 2023
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2023(DEL)
- Tax Payer : Gamma Pizzakraft (Overseas) Pvt. Ltd
High Court
HC: Directs Revenue to consider manually filed ITR post-merger ; Follows SC's Dalmia Power
May 16, 2023
- In Favour of Assessee
- Citation Number : TS-251-HC-2023(TEL)
- Tax Payer : TSI Business Parks (Hyderabad) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on taxability under Black Money Act considering fiduciary capacity & beneficial ownership
May 15, 2023
- In Favour of Assessee
- Citation Number : TS-250-ITAT-2023(JPR)
- Tax Payer : Krishna Das Agarwal
High Court
HC: Sets aside BMA penalty for non-consideration of Assessee’s email; Directs de novo exercise
May 15, 2023
- In Favour of Assessee
- Citation Number : TS-249-HC-2023(DEL)
- Tax Payer : Prateek Chitkara
High Court
HC: Allows adjustment of tax paid under invalid IDS declaration against VsV liability
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-236-HC-2023(BOM)
- Tax Payer : Sunil Wamanrao Sakore
Income tax Appellate Tribunal
ITAT: Subscription fees for providing access to online database, not royalty
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-228-ITAT-2023(Mum)
- Tax Payer : IQVIA AG (Previously known as IMS AG)
Income tax Appellate Tribunal
ITAT: Deletes Sec.234E fee levied for pre-June 2015 period: Sec.200A amendment applicable prospectively
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-227-ITAT-2023(Mum)
- Tax Payer : Kalyaanee Krrsna Builders
Income tax Appellate Tribunal
ITAT: Sec.115BBE inapplicable where satisfaction for Sec.68/69 invocation not recorded; Quashes rectification order
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-246-ITAT-2023(HYD)
- Tax Payer : Anjanee Vijetha Kasturi
Income tax Appellate Tribunal
ITAT: Seconded employees' salary reimbursement not FTS; Follows Flipkart & Abbey Business ruling
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2023(Bang)
- Tax Payer : Juniper Networks Inc.
Income tax Appellate Tribunal
ITAT: Administrative cost reimbursed to Goldman Sachs US for campus development, not FIS
May 13, 2023
- In Favour of Assessee
- Citation Number : TS-248-ITAT-2023(Mum)
- Tax Payer : Goldman Sachs & Co. LLC
Supreme Court
SC: Copy of SC order declining Revenue's MA in Abhisar judgment
May 12, 2023
- In Favour of Assessee
- Citation Number : TS-247-SC-2023
- Tax Payer : Abhisar Buildwell P. Ltd
Foreign Court
FC: Korean Supreme Court holds legal ownership insufficient for capital gains exemption
May 12, 2023
- In Favour of Revenue
- Citation Number : TS-894-FC-2013(KOR)
- Tax Payer : KT Co. Ltd.
Foreign Court
FC: Korean Supreme Court holds economic owner derives capital gains, not legal owner
May 12, 2023
- In Favour of Revenue
- Citation Number : TS-713-FC-2016(KOR)
- Tax Payer : Lone Star Fund III (US) LP and Lone Star Fund III (Bermuda) LP
Foreign Court
FC: Korean Supreme Court resolves Beneficial Owner v. Legal Owner controversy for capital gains exemption
May 12, 2023
- In Favour of Revenue
- Citation Number : TS-893-FC-2014(KOR)
- Tax Payer : Dongwon Enterprise Co. Ltd
Income tax Appellate Tribunal
ITAT: Champions League termination compensation by BCCI to foreign Cricket bodies, not taxable
May 11, 2023
- In Favour of Assessee
- Citation Number : TS-245-ITAT-2023(Mum)
- Tax Payer : The Board of Control for Cricket in India
Supreme Court
SC: Denies review of Mansukh Dyeing judgment involving partnership firm's capital gains taxation
May 11, 2023
- In Favour of Revenue
- Citation Number : TS-244-SC-2023
- Tax Payer : Mansukh Dyeing and Printing Mills
Income tax Appellate Tribunal
ITAT: Denies capital gains tax on sum received for settling property litigation by Lessee
May 11, 2023
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2023(DEL)
- Tax Payer : Ishvakoo Grand Plaza
Income tax Appellate Tribunal
ITAT: Rules on Sec.10AA exemption over reallocation of expenses between SEZ & DTA unit
May 10, 2023
- In Favour of Assessee
- Citation Number : TS-241-ITAT-2023(Ind)
- Tax Payer : Shakti Pumps (India) Ltd