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Income tax Appellate Tribunal
ITAT: Quashes Sec.263 Revision for non-fulfilment of conditions, concerned issue being highly debatable
Sep 05, 2024
- In Favour of Assessee
- Citation Number : TS-645-ITAT-2024(CHNY)
- Tax Payer : Gaurav Dugar
Supreme Court
SC: Rejects retrospective operation to Sec.80DD amendments, being against interest of disabled
Sep 04, 2024
- In Favour of Revenue
- Citation Number : TS-644-SC-2024
- Tax Payer : Ravi Agrawal
High Court
HC: Cash seized from third party cannot be adjusted against advance tax liability of Assessee
Sep 04, 2024
- In Favour of Revenue
- Citation Number : TS-642-HC-2024(P & H)
- Tax Payer : Kamla Mehta
Income tax Appellate Tribunal
ITAT: Transfer of self-generated trademark taxable as capital gain, registration cost claimed as Revenue expenses
Sep 04, 2024
- In Favour of Both, Partially
- Citation Number : TS-641-ITAT-2024(DEL)
- Tax Payer : Mawana Sugar Ltd
Supreme Court
SC: Dismisses Revenue's SLP on CIT exceeding Sec. 263 jurisdiction
Sep 03, 2024
- In Favour of Assessee
- Citation Number : TS-640-SC-2024
- Tax Payer : Paradeep Phosphates Ltd
High Court
HC: Delay in filing Form 10-IC condoned, taxpayer satisfies Sec.115BAA, rejection on technical ground untenable
Sep 03, 2024
- In Favour of Assessee
- Citation Number : TS-639-HC-2024(GUJ)
- Tax Payer : V M Procon Pvt Ltd
High Court
HC: No coercive action against Assessee if notifications exempt Assessee from paying income tax
Sep 03, 2024
- In Favour of Assessee
- Citation Number : TS-638-HC-2024(TEL)
- Tax Payer : Telangana Building and Other Construction Workers Welfare Board
Income tax Appellate Tribunal
ITAT: Sec.153A jurisdiction for unabated assessment invalid, sans incriminating material & valid approval
Sep 03, 2024
- In Favour of Assessee
- Citation Number : TS-636-ITAT-2024(RAI)
- Tax Payer : N.R Ispat & Power Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Discontinuance of business not disclosed to Revenue not an omission but deliberate concealment
Sep 02, 2024
- In Favour of Assessee
- Citation Number : TS-635-ITAT-2024(Ahd)
- Tax Payer : Real Cargo Mumbai
Income tax Appellate Tribunal
ITAT: Pre-demonetisation cash sales cannot be deemed inflated sans rejection of books of accounts
Aug 31, 2024
- In Favour of Assessee
- Citation Number : TS-630-ITAT-2024(DEL)
- Tax Payer : Hari Om Retail Private Ltd
Income tax Appellate Tribunal
ITAT: Subsidy via VAT refund from Tamil Nadu Govt. towards Investment Promotion Subsidy ‘Capital receipt’.
Aug 31, 2024
- In Favour of Assessee
- Citation Number : TS-622-ITAT-2024(CHNY)
- Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal
ITAT: Upholds JN Tata endowment’s Sec.11 exemption on loan scholarship for overseas education
Aug 31, 2024
- In Favour of Assessee
- Citation Number : TS-625-ITAT-2024(Mum)
- Tax Payer : JN Tata Endowment for the Higher Education of Indians
Income tax Appellate Tribunal
ITAT: Bank’s income from securities held as stock-in-trade to be excluded for Sec.14A disallowances
Aug 31, 2024
- In Favour of Assessee
- Citation Number : TS-629-ITAT-2024(CHNY)
- Tax Payer : IDFC First Bank Limited
Income tax Appellate Tribunal
ITAT: Deemed dividend u/Sec.2(22)(e) not attracted in absence of 'actual' payment
Aug 31, 2024
- In Favour of Assessee
- Citation Number : TS-633-ITAT-2024(Bang)
- Tax Payer : Sri Haris Kalandan Mohammed
Foreign Court
FC: French Supreme Court holds Foreign Tax Credit granted by Resident State independent of the quantum of tax paid
Aug 30, 2024
- In Favour of Assessee
- Citation Number : TS-628-FC-2024(FRN)
- Tax Payer : Somfy
Income tax Appellate Tribunal
ITAT: Software sale receipts & provision of ancillary services not FTS sans ‘make available’ fulfillment
Aug 30, 2024
- In Favour of Assessee
- Citation Number : TS-632-ITAT-2024(Bang)
- Tax Payer : Q2 Software Inc
High Court
HC: Quashes reassessment sans key ingredient for invocation of Sec.147 r.w. Sec.148; Follows Hindustan Lever
Aug 29, 2024
- In Favour of Assessee
- Citation Number : TS-627-HC-2024(BOM)
- Tax Payer : The Saraswat Co-operative Bank Limited
High Court
HC: Grants anticipatory bail regarding prosecution under BMA for non-disclosure of foreign undisclosed assets in ITR
Aug 29, 2024
- In Favour of Assessee
- Citation Number : TS-626-HC-2024(MP)
- Tax Payer : Sanjay Vijay Shinde
High Court
HC: Delhi HC overturns AAR in Tiger Global-Flipkart case; Mauritius TRC sacrosanct sans fraud/sham transaction
Aug 28, 2024
- In Favour of Assessee
- Citation Number : TS-624-HC-2024(DEL)
- Tax Payer : TIGER GLOBAL INTERNATIONAL III HOLDINGS
High Court
HC: Tax liability attained finality under VsV, cannot be altered by Revenue by invoking rectification action
Aug 28, 2024
- In Favour of Assessee
- Citation Number : TS-623-HC-2024(DEL)
- Tax Payer : Satish Kumar Dhingra