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Rulings ( 11622 results )
High Court
HC: Upholds summons under Benami Act, confirms jurisdiction and scope of inquiry u/Sec. 202 Cr.P.C.
Jun 06, 2024
- In Favour of Revenue
- Citation Number : TS-394-HC-2024(ALL)
- Tax Payer : Sandeep Miglani
District Court
DC: Quashes prosecution proceedings for non-compliance of Sec.142 notice sans proof of mens rea
Jun 06, 2024
- In Favour of Assessee
- Citation Number : TS-393-DC-2024(DEL)
- Tax Payer : Sushila
Income tax Appellate Tribunal
ITAT: Deletes 234B interest sans variation of income in reassessment or outstanding demand
Jun 06, 2024
- In Favour of Assessee
- Citation Number : TS-389-ITAT-2024(Mum)
- Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal
ITAT: Delay condoned basis bona fide belief that addition u/Sec.143(1) to be addressed in scrutiny assessment
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-391-ITAT-2024(Bang)
- Tax Payer : McAfee Software (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sec.271(1)(c) penalty unjustified sans mens rea, basis MAP-driven revised returns & voluntary tax payment
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-390-ITAT-2024(Bang)
- Tax Payer : Mitsubishi Heavy Industries – VST Diesel Engines Pvt. Ltd
High Court
HC: Holds auction resulting from set aside ex-parte ITAT order void ab initio; Consequential proceedings untenable
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-387-HC-2024(P & H)
- Tax Payer : Gokal Chand Rattan Chand
High Court
HC: Provisions for unsettled outstanding and IBNR claims not contingent liabilities, allowable u/Sec. 37
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-386-HC-2024(DEL)
- Tax Payer : Care Health Insurance Limited
High Court
HC: CBDT power u/Sec.119 to be exercised in extraordinary circumstances; Writ unsustainable on incorrect facts
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-385-HC-2024(DEL)
- Tax Payer : Lava International Limited
Income tax Appellate Tribunal
ITAT: Assessments concluded without mandatory Sec.153D approval void; Allows appeal with caveat
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-384-ITAT-2024(DEL)
- Tax Payer : Emaar MGF Land Limited
High Court
HC: Allows 15% deduction under Sec.11(1) for extending donations to other charitable institutions; Expounds Sec.11(3) not applicable
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-382-HC-2024(DEL)
- Tax Payer : Jamnalal Bajaj Foundation
High Court
HC: Categorical finding of ‘mis-reporting’ or under-reporting’ essential to sustain penalty u/Sec.270A
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-381-HC-2024(DEL)
- Tax Payer : GE Capital Us Holdings Inc
High Court
HC: Constitutionality of Sec.31 of FA, 2017 upheld; Cap on setoff of house property loss u/Sec. 71(3A) not violative of Art.14 & 19(1)(g)
Jun 03, 2024
- In Favour of Revenue
- Citation Number : TS-380-HC-2024(DEL)
- Tax Payer : Sanjeev Goyal
High Court
HC: Interest on refund of bid on annulment of auction is capital receipt not chargeable to tax
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-379-HC-2024(DEL)
- Tax Payer : INS Finance & Investment P. Ltd
High Court
HC: Sec148A(d) order invalid as information gathered in survey not disclosed to Assessee, gives oppurtunity to file objections
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-378-HC-2024(ALL)
- Tax Payer : Mahesh Kumar Verma
High Court
HC: One-time voluntary payment for diminution in unexercised ESOP value capital receipt, not perquisite u/Sec.17(2)(vi)
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-377-HC-2024(DEL)
- Tax Payer : Sanjay Baweja
Income tax Appellate Tribunal
ITAT: Suo-moto offered salary cost of seconded employees to tax, penalty unsustainable; Relies on Abbey Business
Jun 01, 2024
- In Favour of Assessee
- Citation Number : TS-375-ITAT-2024(Bang)
- Tax Payer : IBM Canada Limited
Income tax Appellate Tribunal
ITAT: Quashes Sec.148 notice in absence of proper service to Assessee’s E-mail within limitation
Jun 01, 2024
- In Favour of Assessee
- Citation Number : TS-372-ITAT-2024(DEL)
- Tax Payer : Brett Lee
Income tax Appellate Tribunal
ITAT: Condones delay of 2500 days due to availment of alternative remedy; Delay beyond Assesee's control 'Sufficient cause'
Jun 01, 2024
- In Favour of Assessee
- Citation Number : TS-363-ITAT-2024(Bang)
- Tax Payer : Bethala Petropacks Pvt. Ltd
High Court
HC: Voluntary disclosure of concealment will not absolve Assessee from penalty proceedings
Jun 01, 2024
- In Favour of Revenue
- Citation Number : TS-376-HC-2024(CAL)
- Tax Payer : Thakur Prasad Sao & Sons Pvt Ltd
Foreign Court
FC: Philippines’ Court exempts capital gains on share transfer sans substantial value derived from assets
May 31, 2024
- In Favour of Assessee
- Citation Number : TS-371-FC-2024(PHIL)
- Tax Payer : Siemens Aktiengesellschaft