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Rulings ( 11635 results )
High Court
HC: Sets aside reassessment proceedings over disparity in Sec.148A(d) order & SCN; Directs de novo adjudication
Feb 18, 2023
- In Favour of Assessee
- Citation Number : TS-63-HC-2023(DEL)
- Tax Payer : Sunita Sharma
High Court
HC: Grants refund as Revenue fails to conduct remand proceedings within Sec.153(3) limitation
Feb 18, 2023
- In Favour of Assessee
- Citation Number : TS-68-HC-2023(BOM)
- Tax Payer : Late Mr. Lakhpatrai Agarwal through L/H Sunil L. Agarwal
High Court
HC: Non-adherence to Sec.144C procedure 'fatal defect', assessment order not sustainable
Feb 18, 2023
- In Favour of Assessee
- Citation Number : TS-66-HC-2023(KER)
- Tax Payer : Gigy Antony
Income tax Appellate Tribunal
ITAT: Follows Delhi HC Blackstone ruling to extend DTAA benefit on capital gains; Rejects GAAR
Feb 17, 2023
- In Favour of Assessee
- Citation Number : TS-67-ITAT-2023(DEL)
- Tax Payer : Reverse Age Health Services Pte Ltd
Income tax Appellate Tribunal
ITAT: Opposite views on share application money, in multiple revisionary proceedings, not sustainable
Feb 17, 2023
- In Favour of Assessee
- Citation Number : TS-64-ITAT-2023(Mum)
- Tax Payer : Bhuvneshwari Vyapaar Private Limited
Foreign Court
FC: French Apex Court holds Beneficial Owner entitled to treaty benefit even in triangular arrangement
Feb 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-1038-FC-2022(FRN)
- Tax Payer : Planet SARL
High Court
HC: Absent ingredients of prima facie case, waiver of Sec.11 exemption not tax evasion
Feb 16, 2023
- In Favour of Assessee
- Citation Number : TS-61-HC-2023(CAL)
- Tax Payer : Kali Pradip Chowdhuri & Ors
Income tax Appellate Tribunal
ITAT: Rules on revenue recognition for Builder & Developer, applicability of AS-7
Feb 15, 2023
- In Favour of Assessee
- Citation Number : TS-58-ITAT-2023(Bang)
- Tax Payer : Corporate Leisure & Property Development Private Limited
Supreme Court
SC: Dismisses foreign national's plea for condoning delay in filing ITR
Feb 14, 2023
- In Favour of Revenue
- Citation Number : TS-60-SC-2023
- Tax Payer : Puneet Rastogi
District Court
DC: Upholds conviction for ITR non-filing as Assessee fails to rebut mens rea presumption
Feb 14, 2023
- In Favour of Revenue
- Citation Number : TS-59-DC-2023(Mum)
- Tax Payer : Hema Chetan Shah
High Court
HC: CBDT Circular on allowability of freebies to Doctors, inapplicable to AY 2008-09
Feb 14, 2023
- In Favour of Assessee
- Citation Number : TS-57-HC-2023(BOM)
- Tax Payer : ABBOTT INDIA LIMITED, (As successor of Solvay Pharma India Ltd.)
High Court
HC: Quashes Sec.148 notices against Vedanta Resources for invalid assumption of jurisdiction in Orissa
Feb 13, 2023
- In Favour of Assessee
- Citation Number : TS-56-HC-2023(ORI)
- Tax Payer : Vedanta Resources Ltd
High Court
HC: Upholds Kamal Nath’s case transfer from Kolkata to Delhi; Rejects 'prejudice' plea
Feb 13, 2023
- In Favour of Revenue
- Citation Number : TS-55-HC-2023(CAL)
- Tax Payer : Kamal Nath
Income tax Appellate Tribunal
ITAT: Raises concerns on Dept.'s credibility over 'open-defiance' of DRP's directions by AOs
Feb 13, 2023
- In Favour of Assessee
- Citation Number : TS-53-ITAT-2023(DEL)
- Tax Payer : Oxbow Energy Solutions LLC
High Court
HC: IBM Philippines' payroll services not FTS but 'business income', absent PE not taxable
Feb 13, 2023
- In Favour of Assessee
- Citation Number : TS-54-HC-2023(KAR)
- Tax Payer : IBM India Private Limited
Income tax Appellate Tribunal
ITAT: Variation in tax rate not eligible for Sec.144C procedure; Quashes assessment as time-barred
Feb 11, 2023
- In Favour of Assessee
- Citation Number : TS-49-ITAT-2023(Mum)
- Tax Payer : Erisse Investments Ltd
Income tax Appellate Tribunal
ITAT: LLP, as partner in firm, eligible for Sec.10(2A) exemption
Feb 11, 2023
- In Favour of Assessee
- Citation Number : TS-51-ITAT-2023(Bang)
- Tax Payer : Mulberry Textiles LLP
Income tax Appellate Tribunal
ITAT: Interest on delayed TDS remittance, not 'expenditure' under Sec.37(1)
Feb 11, 2023
- In Favour of Revenue
- Citation Number : TS-39-ITAT-2023(Kol)
- Tax Payer : Premier Irrigation Adritec (P.) Ltd.
High Court
HC: Directs 7% interest on Revenue's delay in payment of special audit fee
Feb 11, 2023
- In Favour of Assessee
- Citation Number : TS-47-HC-2023(DEL)
- Tax Payer : G K Choksi and Co
High Court
HC: Denies writ on allowability of Sec.80P(2)(d) deduction over factual dispute of investee's status
Feb 11, 2023
- In Favour of Revenue
- Citation Number : TS-48-HC-2023(MAD)
- Tax Payer : Muhavoor Primary Agricultural Cooperation Society Ltd