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Rulings ( 11635 results )
Income tax Appellate Tribunal
ITAT: Shoppers Stop's 'Sales or Return' arrangement with vendors, not ‘work contract’, Sec.194C inapplicable
Dec 20, 2022
- In Favour of Assessee
- Citation Number : TS-976-ITAT-2022(Mum)
- Tax Payer : Shoppers Stop Limited
High Court
HC: Upholds prosecution for undisclosed foreign bank account, considering age at 'commission of offence'
Dec 20, 2022
- In Favour of Revenue
- Citation Number : TS-973-HC-2022(DEL)
- Tax Payer : Rajinder Kumar
Income tax Appellate Tribunal
ITAT: 'Physician's Sample' not covered by Apex Labs ruling & MCI Regulations, allowable under Sec.37(1)
Dec 19, 2022
- In Favour of Both, Partially
- Citation Number : TS-974-ITAT-2022(Mum)
- Tax Payer : Merk Limited
Income tax Appellate Tribunal
ITAT: Reassessment for taxing 'foreign asset', time-barred; 16 years inapplicable on concluded assessments
Dec 19, 2022
- In Favour of Assessee
- Citation Number : TS-958-ITAT-2022(Mum)
- Tax Payer : Deval D. Thakkar
Income tax Appellate Tribunal
ITAT: Sec.11 exemption allowable on donation made out of commercial concern's 'unsecured loan'
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-957-ITAT-2022(DEL)
- Tax Payer : BHAI Hospital Trust
Income tax Appellate Tribunal
ITAT: Directs correction over demand raised due to TDS deposited under wrong challan
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-963-ITAT-2022(Mum)
- Tax Payer : WorldQuant Research (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Quashes revision against Chhattisgarh Govt. Liquor Co. over allowability of VAT under Sec.40(a)(iib)
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-965-ITAT-2022(RAI)
- Tax Payer : Chhattisgarh State Beverages Corporation Limited
Income tax Appellate Tribunal
ITAT: Business income not taxable under Sec.69 merely because surrendered during Survey
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-969-ITAT-2022(RAI)
- Tax Payer : Kulkarni & Sahu Buildcon Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows Sec.35(2AB) deduction as delay in Form 3CL not attributable to Assessee
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-970-ITAT-2022(DEL)
- Tax Payer : Curadev Pharma Pvt. Ltd
High Court
HC: Less than two days' time for responding to Sec.144B SCN, inadequate & illusory
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-954-HC-2022(BOM)
- Tax Payer : CS & Sons
High Court
HC: Remands assessment for 'strict compliance' of Sec.144B(1)(xvi) procedure
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-972-HC-2022(BOM)
- Tax Payer : Acme Housing India Private Limited.
High Court
HC: Basis of Sec.148A(d) order & allegations in SCN, different; Sets aside reassessment proceedings
Dec 17, 2022
- In Favour of Assessee
- Citation Number : TS-959-HC-2022(DEL)
- Tax Payer : Usha Rani Girdhar
High Court
HC: Endorses substantial justice over technical considerations; Condones year-long ITR-filing delay over 'genuine hardship'
Dec 16, 2022
- In Favour of Assessee
- Citation Number : TS-967-HC-2022(BOM)
- Tax Payer : Bhatewara Associates
Supreme Court
SC: Allows Revenue's appeal against education cess allowability as per Sec.40(a)(ii) retrospective amendment
Dec 16, 2022
- In Favour of Revenue
- Citation Number : TS-966-SC-2022
- Tax Payer : Chambal Fertilisers & Chemicals Limited
Income tax Appellate Tribunal
ITAT: TVS Finance's gain from land received against loan foregone, business income
Dec 15, 2022
- In Favour of Revenue
- Citation Number : TS-962-ITAT-2022(CHNY)
- Tax Payer : TVS Finance & Services Ltd
High Court
HC: Sec.37(1) amendment disallowing CSR expenditure, prospective
Dec 15, 2022
- In Favour of Assessee
- Citation Number : TS-964-HC-2022(DEL)
- Tax Payer : PEC Ltd
Income tax Appellate Tribunal
ITAT: Absent Tax Auditor's suggestion, PF disallowance by CPC not 'prima facie adjustment'
Dec 14, 2022
- In Favour of Assessee
- Citation Number : TS-961-ITAT-2022(Mum)
- Tax Payer : P R Packaging Service
High Court
HC: Dismisses Revenue's appeal for profit-attribution to loss incurring Nokia Finland
Dec 14, 2022
- In Favour of Assessee
- Citation Number : TS-960-HC-2022(DEL)
- Tax Payer : Nokia Solutions And Networks OY
High Court
HC: Secured Creditor's right under SARFAESI & RDB Acts prevails over Sec.281 'voidity' declaration
Dec 14, 2022
- In Favour of Assessee
- Citation Number : TS-956-HC-2022(MAD)
- Tax Payer : State Bank of India
Supreme Court
SC: Reassessment proceedings initiated during pendency of rectification proceedings, unsustainable
Dec 13, 2022
- In Favour of Assessee
- Citation Number : TS-942-SC-2022
- Tax Payer : S.M. Overseas (P) Ltd