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Rulings ( 11622 results )
High Court
HC: Delhi HC tears apart Dept's three-pronged 'PE' trap for Caterpillar; Explains PE law
May 31, 2024
- In Favour of Assessee
- Citation Number : TS-374-HC-2024(DEL)
- Tax Payer : Progress Rail Locomotive Inc.(Formerly Electro Motive Diesel Inc.)
Income tax Appellate Tribunal
ITAT: Sec.156 demand notice not sine-qua-non for granting 244A interest; Allows interest on DDT refund
May 31, 2024
- In Favour of Assessee
- Citation Number : TS-373-ITAT-2024(Mum)
- Tax Payer : Piem Hotels Limited
Income tax Appellate Tribunal
ITAT: Recal ITAT ruling basis Checkmate judgment unsustainable sans lis pendens; Distinguishes Saurashtra Kutch
May 30, 2024
- In Favour of Assessee
- Citation Number : TS-370-ITAT-2024(Mum)
- Tax Payer : ANI Integrated Services Ltd
Income tax Appellate Tribunal
ITAT: 270A penalty SCN invalid sans specific charge for levy; Quashes consequent penalty order
May 30, 2024
- In Favour of Assessee
- Citation Number : TS-369-ITAT-2024(CHNY)
- Tax Payer : Enrica Enterprises Pvt. Ltd
High Court
HC: Interest on deposits with HO/overseas branch not taxable in India; Holds Indian PE not separate entity
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-367-HC-2024(DEL)
- Tax Payer : The Bank Of Tokyo-Mitsubishi Ufj Ltd
Income tax Appellate Tribunal
ITAT: Quashes assessment order in pursuance of Revision order which is already quashed by the ITAT
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-368-ITAT-2024(Mum)
- Tax Payer : Tata Housing Development Company Limited
High Court
HC: Guarantee charges not interest, taxable under Article 23(3) as accrued in India; Distinguishes Capgemini
May 29, 2024
- In Favour of Revenue
- Citation Number : TS-365-HC-2024(DEL)
- Tax Payer : Johnson Matthey Public Limited
Income tax Appellate Tribunal
ITAT: CSR expenditure 'voluntary' sans any 'reciprocal' commitment, allows Sec.80G deduction
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-364-ITAT-2024(DEL)
- Tax Payer : Interglobe Technology Quotient Private Limited
High Court
HC: Transit rent not revenue receipt, henceTDS not applicable
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-362-HC-2024(BOM)
- Tax Payer : Sarfaraz S. Furniturewalla
Income tax Appellate Tribunal
ITAT: Sec.80P deductions unequivocal to Assessees not licensed by RBI as “Banks”
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-361-ITAT-2024(Bang)
- Tax Payer : The Karnataka State Co-operative Agriculture and Rural Development Bank Ltd
High Court
HC: Stock valuation basis LIFO valid as ROI filed prior to enactment of retrospective substitution of Sec.145A
May 27, 2024
- In Favour of Assessee
- Citation Number : TS-354-HC-2024(KER)
- Tax Payer : P.A.JOSE
Income tax Appellate Tribunal
ITAT: Speaking order not necessary for making adjustment under Sec.143(1)(a) in intimation basis tax audit report
May 27, 2024
- In Favour of Assessee
- Citation Number : TS-357-ITAT-2024(Mum)
- Tax Payer : Joyo Plastics
Income tax Appellate Tribunal
ITAT: CRM Services neither FTS nor royalty
May 25, 2024
- In Favour of Assessee
- Citation Number : TS-351-ITAT-2024(DEL)
- Tax Payer : Salesforce.com Singapore Pte Ltd
Income tax Appellate Tribunal
ITAT: Restriction of Sec.80G(4) not applicable to Sec.80G(2)(a)(iiif) donation; 80GGA deduction clubbed with Sec80G in ITR allowable
May 25, 2024
- In Favour of Assessee
- Citation Number : TS-359-ITAT-2024(Mum)
- Tax Payer : RD Tata Trust
Income tax Appellate Tribunal
ITAT: Ad hoc disallowance of expenses without documentary evidence to be based on scientific & rational method
May 25, 2024
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2024(Bang)
- Tax Payer : Nama Venkataramanaswamy Narayan Babu
Income tax Appellate Tribunal
ITAT: Exparte order under Sec.250 set aside basis adjournment application overlooked
May 25, 2024
- In Favour of Assessee
- Citation Number : TS-347-ITAT-2024(DEL)
- Tax Payer : Meharban Ali
Foreign Court
FC: Spain's National Court holds hereditary acquisition of real estate not taxable as capital gains
May 24, 2024
- In Favour of Assessee
- Citation Number : TS-839-FC-2023(SPN)
- Tax Payer : Beatrice Ederer Weber Stiftung Foundation
Income tax Appellate Tribunal
ITAT: Property possession date relevant for Sec.54 deduction; Under-construction property does not tantamount to 'purchase'
May 24, 2024
- In Favour of Assessee
- Citation Number : TS-356-ITAT-2024(Mum)
- Tax Payer : Sunil Amritlal Shah
High Court
HC: Sec.148/148A untenable basis material recovered in search; Holds Sec.153C can be invoked
May 24, 2024
- In Favour of Assessee
- Citation Number : TS-355-HC-2024(RAJ)
- Tax Payer : Tirupati Construction Company
High Court
HC: Foreign company liable at tax rate applicable to company other than a domestic company; Sec.90 & Art24(2) are clear & unambigous
May 23, 2024
- In Favour of Revenue
- Citation Number : TS-353-HC-2024(CAL)
- Tax Payer : The Royal Bank of Scotland N.V.