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Rulings ( 11633 results )
High Court
HC: CSR expenditure by loss-making company allowable under Sec.37(1); Quashes reassessment
May 10, 2023
- In Favour of Assessee
- Citation Number : TS-240-HC-2023(GUJ)
- Tax Payer : Adani Power Rajasthan Limited
Income tax Appellate Tribunal
ITAT: Rejects thrusting of POCM where CCM followed consistently; Remits on ‘tax neutrality’ plea
May 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-239-ITAT-2023(DEL)
- Tax Payer : Sahara India Power Corporation Limited
Supreme Court
SC: Dismisses Revenue's SLP against order granting refund of Sec.201(1A) interest to deductee
May 09, 2023
- In Favour of Assessee
- Citation Number : TS-238-SC-2023
- Tax Payer : IJM Corporation Berhad
Supreme Court
SC: HC to re-adjudicate taxability of partner's retirement receipts, basis prevailing legal position
May 08, 2023
- In Favour of Both, Partially
- Citation Number : TS-235-SC-2023
- Tax Payer : R. F Nangrani HUF
Supreme Court
SC: Restores Sec.69C addition over diamond consumption; Considers Exporter's conduct, rejects 'typo' plea
May 08, 2023
- In Favour of Revenue
- Citation Number : TS-234-SC-2023
- Tax Payer : Kantilal Exports
Supreme Court
SC: Co-op Credit Societies not 'banks' under Banking Regulation Act, entitled to Sec.80P deduction
May 08, 2023
- In Favour of Assessee
- Citation Number : TS-233-SC-2023
- Tax Payer : Annasaheb Patil Mathadi Kamgar Sahakari Pathpedi Limited
Income tax Appellate Tribunal
ITAT: Sec.80-IA deduction allowable where agreement is with Govt. recognised nodal agency
May 06, 2023
- In Favour of Assessee
- Citation Number : TS-225-ITAT-2023(Kol)
- Tax Payer : Bothra Shipping Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows TDS credit to deceased sole trustee over tax deducted on Trust's income
May 06, 2023
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2023(Mum)
- Tax Payer : Late Russi Dinshaw Bahadurji
Income tax Appellate Tribunal
ITAT: Rejects Sec.69A addition where cash deposits reflected as sales & accepted by Revenue
May 06, 2023
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2023(Ahd)
- Tax Payer : Rajeshkumar Chhanalal Patel
High Court
HC: 13 hours response time for SCN, against natural justice; Revenue to consider matter afresh
May 06, 2023
- In Favour of Assessee
- Citation Number : TS-226-HC-2023(MAD)
- Tax Payer : Sundaresan Suresh Kumar
Income tax Appellate Tribunal
ITAT: Rejects LoB & double non-taxation plea against shipping income; Quashes reassessment
May 05, 2023
- In Favour of Assessee
- Citation Number : TS-232-ITAT-2023(CHNY)
- Tax Payer : Bengal Tiger Line Pte Ltd
Foreign Court
FC: German Court lays down proportionality principle for ESOP taxation on change in residency
May 05, 2023
- In Favour of Assessee
- Citation Number : TS-1049-FC-2022
- Tax Payer : Anonymous
Supreme Court
SC: Highlights factors to decide land development right's nature; Remits builder's case back to ITAT
May 04, 2023
- In Favour of Revenue
- Citation Number : TS-231-SC-2023
- Tax Payer : Glowshine Builders & Developers Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.43CA addition for Revenue's failure in referring case to valuation officer
May 04, 2023
- In Favour of Assessee
- Citation Number : TS-221-ITAT-2023(Mum)
- Tax Payer : Macrotech Developers Limited
Supreme Court
SC: Disposes of appeals in UK Paints' Sec.153 cases, following Abhisar Buildwell ruling
May 04, 2023
- In Favour of Both, Partially
- Citation Number : TS-229-SC-2023
- Tax Payer : U.K. Paints (Overseas) Ltd
Income tax Appellate Tribunal
ITAT: Rejects Sec.40A(3) disallowance for cash paid in capacity of movie distributor's agent
May 03, 2023
- In Favour of Assessee
- Citation Number : TS-217-ITAT-2023(CHNY)
- Tax Payer : T. Rajendran
Income tax Appellate Tribunal
ITAT: Sec.56(2)(viia) applicable on shares received pursuant to amalgamation, despite exclusion by Sec.47(vi)
May 02, 2023
- In Favour of Revenue
- Citation Number : TS-224-ITAT-2023(HYD)
- Tax Payer : Vertex Projects LLP
Supreme Court
SC: Reiterates law on educational institution's tax exemption, following New Noble judgment
May 02, 2023
- In Favour of Revenue
- Citation Number : TS-223-SC-2023
- Tax Payer : Baba Banda Singh Bahadur Education Trust
Income tax Appellate Tribunal
ITAT: Rules on loss due to conversion of old jewellery & excess gold found during Survey
Apr 29, 2023
- In Favour of Both, Partially
- Citation Number : TS-220-ITAT-2023(CHNY)
- Tax Payer : Cholaji Kanniyalal
Income tax Appellate Tribunal
ITAT: Assessment order sans DIN ‘non est’; Separate intimation of DIN violates CBDT Circular
Apr 29, 2023
- In Favour of Assessee
- Citation Number : TS-216-ITAT-2023(Mum)
- Tax Payer : Teleperformance Global Services Private Limited