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Rulings ( 11634 results )
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
Income tax Appellate Tribunal
ITAT: Confirms addition of 'demonetisation deposit'; Rejects plea of unutilised gift from sister-in-law
Apr 22, 2023
- In Favour of Assessee
- Citation Number : TS-195-ITAT-2023(CHNY)
- Tax Payer : M. Natarajan
Income tax Appellate Tribunal
ITAT: Adjustment in returned income by CPC without hearing Assessee, null & void
Apr 22, 2023
- In Favour of Assessee
- Citation Number : TS-191-ITAT-2023(Mum)
- Tax Payer : Ernst & Young Merchant banking Services LLP
Income tax Appellate Tribunal
ITAT: Penny stock transaction designed to plough back unaccounted income; Denies Sec.10(38) exemption
Apr 22, 2023
- In Favour of Revenue
- Citation Number : TS-189-ITAT-2023(Mum)
- Tax Payer : Hitendra C. Ghadia
High Court
HC: Provision for investment's diminution, pursuant to RBI direction, allowable under Sec.37
Apr 22, 2023
- In Favour of Assessee
- Citation Number : TS-186-HC-2023(CAL)
- Tax Payer : Balmer Lawrie and Company Limited
Foreign Court
FC: Dutch Supreme Court holds taxability under Art.17 not restricted to short-term sport events
Apr 21, 2023
- In Favour of Revenue
- Citation Number : TS-1048-FC-2022(NETH)
- Tax Payer : Anonymous
Income tax Appellate Tribunal
ITAT: Companies, not shareholders, covered by DDT; 'DTAA protection' requires bilateral agreement
Apr 20, 2023
- In Favour of Revenue
- Citation Number : TS-197-ITAT-2023(Mum)
- Tax Payer : Total Oil India Pvt. Ltd. & Others
Income tax Appellate Tribunal
ITAT: Capital contribution of land to AOP, taxable as capital gains; Rejects stock-in-trade plea
Apr 20, 2023
- In Favour of Revenue
- Citation Number : TS-194-ITAT-2023(PUN)
- Tax Payer : Ghanshyamdas J Sukhwani(HUF)
Supreme Court
SC: Rules on Sec.80HHC deduction vis-a-vis share-sale & interest income; Holds amended formula prospective
Apr 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-193-SC-2023
- Tax Payer : Magnum International Trading Company (P) Ltd
Supreme Court
SC: Dismisses Revenue's SLP against capital loss allowed to Siemens Group Co. on loan-assignment
Apr 18, 2023
- In Favour of Assessee
- Citation Number : TS-190-SC-2023
- Tax Payer : Siemens Nixdorf Information Systemse GMBH
High Court
HC: Allows Ratul Puri foreign travel, directs to share Google location & deposit wife's passport
Apr 18, 2023
- In Favour of Assessee
- Citation Number : TS-187-HC-2023(DEL)
- Tax Payer : Ratul Puri
Income tax Appellate Tribunal
ITAT: Revisionary Order quashed for absence of DIN, not rectifiable under Sec.254(2); Dismisses Revenue's MA
Apr 17, 2023
- In Favour of Assessee
- Citation Number : TS-188-ITAT-2023(Kol)
- Tax Payer : Tata Medical Centre Trust
Income tax Appellate Tribunal
ITAT: Doctor not taxable for non-compete fee pre-2016 amendment of Sec.28(va)
Apr 15, 2023
- In Favour of Assessee
- Citation Number : TS-180-ITAT-2023(DEL)
- Tax Payer : Nalini Mahajan
Income tax Appellate Tribunal
ITAT: Mushrooms grown under controlled conditions constitutes ‘agricultural activity’, exemption from tax
Apr 15, 2023
- In Favour of Assessee
- Citation Number : TS-177-ITAT-2023(CHNY)
- Tax Payer : British Agro Products (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rejects 'Force of Attraction', PE constitution in construction projects; Accepts taxability as FTS
Apr 15, 2023
- In Favour of Assessee
- Citation Number : TS-181-ITAT-2023(DEL)
- Tax Payer : Lahmeyer International GmbH
Income tax Appellate Tribunal
ITAT: Day-to-day administrative support services by Jefferies to group entities, not FIS
Apr 15, 2023
- In Favour of Assessee
- Citation Number : TS-175-ITAT-2023(Mum)
- Tax Payer : Jefferies LLC
Income tax Appellate Tribunal
ITAT: Reimbursement of Morgan Stanley's seconded employees' salary, not FIS; Accepts 'double-taxation' plea
Apr 15, 2023
- In Favour of Assessee
- Citation Number : TS-179-ITAT-2023(Mum)
- Tax Payer : Morgan Stanley International Incorporated
Income tax Appellate Tribunal
ITAT: Rules on taxability of airport management services vis-a-vis India-Germany DTAA Protocol
Apr 14, 2023
- In Favour of Both, Partially
- Citation Number : TS-185-ITAT-2023(DEL)
- Tax Payer : Fraport A.G. Frankfurt Airport Services Worldwide
Foreign Court
FC: Dutch Supreme Court rules on 'International Traffic' vis-a-vis employment on pipe-laying vessel
Apr 14, 2023
- In Favour of Revenue
- Citation Number : TS-1208-FC-2021(NETH)
- Tax Payer : Anonymous
Income tax Appellate Tribunal
ITAT: Existence of PE 'no prerequisite' under Sec.44BB for taxability of charter-hire receipts
Apr 14, 2023
- In Favour of Assessee
- Citation Number : TS-162-ITAT-2023(DEL)
- Tax Payer : Pacific Crest Pte. Ltd