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Rulings ( 11635 results )
High Court
HC: Releases HSBC A/c of Taiwan Co.'s subsidiary, subject to Directors' personal undertaking
Dec 12, 2022
- In Favour of Assessee
- Citation Number : TS-955-HC-2022(GUJ)
- Tax Payer : FCS Manufacturing (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Assessee not allowed adequate opportunity to substantiate post-demonetisation deposits; Deletes addition
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-947-ITAT-2022(RAI)
- Tax Payer : Rahul Cold Storage
Income tax Appellate Tribunal
ITAT: Dismisses Jet Airways' appeals not verified & signed by Insolvency Resolution Professional
Dec 10, 2022
- In Favour of None/NA
- Citation Number : TS-951-ITAT-2022(Mum)
- Tax Payer : Jet Airways (India) Limited
Income tax Appellate Tribunal
ITAT: Sec.80G recognition allowable as Trust not 'substantially religious'
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-952-ITAT-2022(PUN)
- Tax Payer : Santshreshtha Gajajan Maharaj Sevabhavi Sanstha
Income tax Appellate Tribunal
ITAT: Non-issuance of Sec.143(2) notice, 'foundational infirmity' & fatal to reassessment
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-948-ITAT-2022(Bang)
- Tax Payer : Ibiden Singapore Pte Limited
High Court
HC: Loss on reinstatement of forward contracts, neither speculative nor notional; Allows deduction under Sec.37(1)
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-949-HC-2022(DEL)
- Tax Payer : Simon India Ltd
High Court
HC: Sets aside post-search assessment due to arbitrary inter-state transfer of case
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-953-HC-2022(AP)
- Tax Payer : Vijay Nathulal Sharma
High Court
HC: Expenditure on abandoned software development in existing business, revenue in nature
Dec 10, 2022
- In Favour of Assessee
- Citation Number : TS-941-HC-2022(BOM)
- Tax Payer : Trigent Software Limited
Income tax Appellate Tribunal
ITAT: Hospital charging market-rates, ineligible for 'tax-exempt' registration; Follows SC Charitable Institutions' ruling
Dec 09, 2022
- In Favour of Revenue
- Citation Number : TS-950-ITAT-2022(HYD)
- Tax Payer : Fernandez Foundation
High Court
HC: Sec.43D amendment retrospective, meant to bring scheduled & non-scheduled banks at par
Dec 09, 2022
- In Favour of Assessee
- Citation Number : TS-946-HC-2022(HP)
- Tax Payer : The Kangra Central Co-op Bank Ltd
High Court
HC: Upholds Co-op Banks’ Circular for Sec.194N compliance; Exemption-seeking PCAS may approach Govt.
Dec 08, 2022
- In Favour of Revenue
- Citation Number : TS-945-HC-2022(MAD)
- Tax Payer : Molasi Primary Agricultural Cooperative Credit Society Ltd and Others
Income tax Appellate Tribunal
ITAT: Third Member holds seismic data services & mining projects 'inextricably linked', covered by Sec.44BB
Dec 08, 2022
- In Favour of Assessee
- Citation Number : TS-943-ITAT-2022(DEL)
- Tax Payer : Western Geco International Ltd.
Income tax Appellate Tribunal
ITAT: Non-disclosure of Sec.12A registration in ITR, rectifiable; Revised return not necessary
Dec 07, 2022
- In Favour of Assessee
- Citation Number : TS-938-ITAT-2022(DEL)
- Tax Payer : Grih Kalyan Kendra Board
High Court
HC: Hearing Revenue's appeal alone in cross-appeals, prejudicial; Directs clubbing of appeals & rehearing
Dec 07, 2022
- In Favour of Assessee
- Citation Number : TS-939-HC-2022(BOM)
- Tax Payer : Linklaters
Income tax Appellate Tribunal
ITAT: Allowability of losses over changed shareholding pattern, debatable; Rejects rectification
Dec 06, 2022
- In Favour of Assessee
- Citation Number : TS-936-ITAT-2022(Mum)
- Tax Payer : Birla Edutech Limited
Income tax Appellate Tribunal
ITAT: Legal owner liable for capital gains as PoA & Sale Deed executed concurrently
Dec 06, 2022
- In Favour of Revenue
- Citation Number : TS-937-ITAT-2022(CHNY)
- Tax Payer : Dr. Sabesan Parameswaran
Income tax Appellate Tribunal
ITAT: Investment Co.'s foreign dividend income eligible for business loss set off, Sec.80G deduction
Dec 05, 2022
- In Favour of Assessee
- Citation Number : TS-935-ITAT-2022(Mum)
- Tax Payer : Tata Industries Ltd
Income tax Appellate Tribunal
ITAT: Delayed deposit of employees’ PF 'indicated' in Audit Report, sufficient for Sec.143(1) adjustment
Dec 05, 2022
- In Favour of Revenue
- Citation Number : TS-933-ITAT-2022(PUN)
- Tax Payer : Cemetile Industries
Income tax Appellate Tribunal
ITAT: Sec.80P deduction allowable to housing society on interest from co-op banks
Dec 03, 2022
- In Favour of Assessee
- Citation Number : TS-931-ITAT-2022(Mum)
- Tax Payer : Mittal Court Premises Co-operative Society Ltd.
Income tax Appellate Tribunal
ITAT: Allows change of accounting due to uncertainty in settlement of buffer stock subsidy
Dec 03, 2022
- In Favour of Assessee
- Citation Number : TS-911-ITAT-2022(CHNY)
- Tax Payer : Coromandel Sugars Ltd.