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Rulings ( 11633 results )
Income tax Appellate Tribunal
ITAT: AO duty-bound to guide compliant non-resident on taxability; Directs order on merits
Apr 29, 2023
- In Favour of Assessee
- Citation Number : TS-192-ITAT-2023(JPR)
- Tax Payer : Pappu Singh Rajpurohit
Income tax Appellate Tribunal
ITAT: Receipts from builder for alternate accommodation & hardship during redevelopment, capital in nature
Apr 29, 2023
- In Favour of Assessee
- Citation Number : TS-214-ITAT-2023(Mum)
- Tax Payer : Ajay Parasmal Kothari
High Court
HC: Upholds Sec.47(iv) exemption on transfer of “Trunk Infrastructure Asset” by realtor to WOS
Apr 29, 2023
- In Favour of Assessee
- Citation Number : TS-208-HC-2023(DEL)
- Tax Payer : ANSAL PROPERTIES AND INFRASTRUCTURE LTD
High Court
HC: Information sans 'material relied upon' violative of Sec.148A(b), renders proceedings invalid
Apr 29, 2023
- In Favour of Assessee
- Citation Number : TS-219-HC-2023(BOM)
- Tax Payer : Anurag Gupta
Supreme Court
SC: Remits case to Interim Board as ITSC passed order sans due procedure
Apr 28, 2023
- In Favour of Assessee
- Citation Number : TS-222-SC-2023
- Tax Payer : Jagdish Transport Corporation & Ors
Foreign Court
FC: Absent beneficial ownership of shares, Russian Court denies capital gains exemption under DTAA
Apr 28, 2023
- In Favour of Revenue
- Citation Number : TS-649-FC-2017(RUS)
- Tax Payer : ZAO Vladmirskiy Torgovy Dom
Supreme Court
SC: Profit attribution 'essentially' factual question; Dismisses Revenue's appeal against Travelport
Apr 28, 2023
- In Favour of Assessee
- Citation Number : TS-218-SC-2023
- Tax Payer : Travelport Inc
Income tax Appellate Tribunal
ITAT: Quashes penalty against Co-op Society, basis limitation & bona fide belief on Sec.269SS/269T inapplicability
Apr 28, 2023
- In Favour of Assessee
- Citation Number : TS-213-ITAT-2023(DEL)
- Tax Payer : Delhi State Taxi Operators’s Co-operative Thrift Credit & Services Society Ltd
Supreme Court
SC: Dismisses Revenue's appeal against HC ruling on depreciation withdrawal by revised return
Apr 27, 2023
- In Favour of Assessee
- Citation Number : TS-215-SC-2023
- Tax Payer : G.E.Lighting (I) P.Ltd
Income tax Appellate Tribunal
ITAT: No TDS liability on Uber India for 'Uber Eats' & 'Uber App' payments
Apr 27, 2023
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2023(Mum)
- Tax Payer : Uber India Systems Private Limited
High Court
HC: Non-claim of TDS on advances 'bona fide error'; Permits filing of revised return
Apr 26, 2023
- In Favour of Assessee
- Citation Number : TS-199-HC-2023(KAR)
- Tax Payer : Sandhya Srivatsan
Income tax Appellate Tribunal
ITAT: NR's capital gains taxation under Sec.112(1)(c)(iii) prevails over general provisions; Sec.48-provisos inapplicable
Apr 26, 2023
- In Favour of Revenue
- Citation Number : TS-210-ITAT-2023(Mum)
- Tax Payer : Legatum Ventures Limited
Income tax Appellate Tribunal
ITAT: Cleartrip discharged Sec.68 onus on capital infusion by Mauritian Holding Co.; Deletes addition
Apr 25, 2023
- In Favour of Both, Partially
- Citation Number : TS-207-ITAT-2023(Mum)
- Tax Payer : Cleartrip Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Gives second shot to RIL on Rs.928 Cr. capital loss not claimed 'inadvertently'
Apr 25, 2023
- In Favour of Assessee
- Citation Number : TS-205-ITAT-2023(Mum)
- Tax Payer : Reliance Industries Limited
Supreme Court
SC: Rules on Sec.37(1) scope vis-a-vis illegal business' losses; Differs from Piara Singh judgment
Apr 24, 2023
- In Favour of Revenue
- Citation Number : TS-206-SC-2023
- Tax Payer : Prakash Chand Lunia (D) Thr.Lrs. & Anr
Supreme Court
SC: Incriminating material showing undisclosed income 'foundation' for Sec.153A/153C; Upholds Kabul Chawla ratio
Apr 24, 2023
- In Favour of Assessee
- Citation Number : TS-202-SC-2023
- Tax Payer : Abhisar Buildwell P. Ltd. & Others
High Court
HC: Sets aside reassessment SCN due to inadequate information disclosure; Grants another opportunity
Apr 24, 2023
- In Favour of Assessee
- Citation Number : TS-203-HC-2023(PAT)
- Tax Payer : Alkem Laboratories Limited
Income tax Appellate Tribunal
ITAT: No TDS on 'cost reimbursement' to non-resident HO for employee deputation
Apr 22, 2023
- In Favour of Assessee
- Citation Number : TS-200-ITAT-2023(DEL)
- Tax Payer : TPF Getinsa Euroestudios S.L
Income tax Appellate Tribunal
ITAT: Rules on Sec.80HHE deduction, allowability of non-compete fees & other corporate-tax issues
Apr 22, 2023
- In Favour of Revenue
- Citation Number : TS-198-ITAT-2023(Mum)
- Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal
ITAT: Rejects revision of investment income as business income, NBFC maintained distinct portfolios
Apr 22, 2023
- In Favour of Assessee
- Citation Number : TS-196-ITAT-2023(CHNY)
- Tax Payer : Saravana Stocks – Investments (P) Ltd