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Rulings ( 11635 results )
District Court
DC: Acquits from prosecution for ITR non-filing over financial exigency due to demonetisation
Oct 17, 2022
- In Favour of Assessee
- Citation Number : TS-805-DC-2022(Bang)
- Tax Payer : Manyata Projects (P) Ltd
Supreme Court
SC: Rules on valuation of locked-in listed shares under Gift Tax Act
Oct 17, 2022
- In Favour of Assessee
- Citation Number : TS-804-SC-2022
- Tax Payer : BPL Limited
Income tax Appellate Tribunal
ITAT: Enduring benefit from marketing support antithetical to 'make available' clause; Holds services not taxable
Oct 15, 2022
- In Favour of Assessee
- Citation Number : TS-796-ITAT-2022(DEL)
- Tax Payer : Anand NVH Products Inc
Income tax Appellate Tribunal
ITAT: Underreporting not misreporting as facts manifest no tax-evasion; Deletes penalty
Oct 15, 2022
- In Favour of Assessee
- Citation Number : TS-803-ITAT-2022(JPR)
- Tax Payer : Bagaria Trade Impex
High Court
HC: Reassessment notice under new regime invalid where old notice not covered by Ashish Agarwal ruling
Oct 15, 2022
- In Favour of Revenue
- Citation Number : TS-802-HC-2022(DEL)
- Tax Payer : Nagesh Trading Co.
Income tax Appellate Tribunal
ITAT: Deletes addition under Sec.68 based on third party confirmation, not cross-examined by Assessee
Oct 15, 2022
- In Favour of Both, Partially
- Citation Number : TS-801-ITAT-2022(DEL)
- Tax Payer : Ecstasy Buildcon Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Elucidates on definition of ‘other educational institution’; Restores Sec.10(23C)(vi) exemption application for re-adjudication
Oct 15, 2022
- In Favour of None/NA
- Citation Number : TS-789-ITAT-2022(ALLD)
- Tax Payer : Hindi Sahitya Sammelan
High Court
HC: Quashes reassessment proceedings as without jurisdiction for AY 2016-17, alleged escapement below Rs.50L
Oct 15, 2022
- In Favour of Assessee
- Citation Number : TS-795-HC-2022(CAL)
- Tax Payer : Dinesh Kumar Goyal
High Court
HC: Directs processing of VsV application, rejected under FAQ 71 of CBDT Circular
Oct 15, 2022
- In Favour of Assessee
- Citation Number : TS-794-HC-2022(DEL)
- Tax Payer : Manoj Finvest Pvt. Ltd
High Court
HC: Bad debts written-off by merged co., taxable in successor's hands on recovery
Oct 14, 2022
- In Favour of Revenue
- Citation Number : TS-800-HC-2022(MAD)
- Tax Payer : Sundaram Finance Ltd
Supreme Court
SC: Remands Calcutta HC order, passed sans notice/ opportunity to opposite parties
Oct 14, 2022
- In Favour of Revenue
- Citation Number : TS-799-SC-2022
- Tax Payer : G.M. Foods & Ors
Income tax Appellate Tribunal
ITAT: TDS mechanism fails on discount allowed to prepaid sim distributors; Deletes Rs.262 Cr. disallowance
Oct 14, 2022
- In Favour of Assessee
- Citation Number : TS-798-ITAT-2022(Mum)
- Tax Payer : Vodafone Idea Ltd
High Court
HC: Sec.14A inapplicable to income taxable in India since covered by Art.25 of India-Oman DTAA
Oct 13, 2022
- In Favour of Assessee
- Citation Number : TS-793-HC-2022(DEL)
- Tax Payer : IFFCO Ltd
Foreign Court
FC: New Zealand SC upholds GAAR for restricting interest deduction on loan ‘arrangement’
Oct 13, 2022
- In Favour of Revenue
- Citation Number : TS-787-FC-2022(NZLD)
- Tax Payer : Frucor Suntory New Zealand Limited
Supreme Court
SC: 10 Key Takeaways from SC Ruling on deductibility of employees’ PF, ESI contribution
Oct 13, 2022
- In Favour of Revenue
- Citation Number : TS-791-SC-2022
- Tax Payer : Checkmate Services P. Ltd
High Court
HC: Centrica ruling inapplicable as Boeing's seconded employees' real employer is Indian entity
Oct 13, 2022
- In Favour of Assessee
- Citation Number : TS-790-HC-2022(DEL)
- Tax Payer : BOEING India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Compulsory Cess received from Milk Producers ineligible for exemption as corpus donation
Oct 12, 2022
- In Favour of Revenue
- Citation Number : TS-788-ITAT-2022(Ahd)
- Tax Payer : Dudhsagar Research & Development Association
High Court
HC: Sec.201(1A) interest not chargeable, absent TDS liability on land acquisition compensation
Oct 12, 2022
- In Favour of Assessee
- Citation Number : TS-784-HC-2022(KER)
- Tax Payer : Special Tahsildar Land Acquisition (General)
Income tax Appellate Tribunal
ITAT: Requirement of claiming Sec.80P deduction in ITR, directory; Follows SC ruling in GM Knitting
Oct 11, 2022
- In Favour of Assessee
- Citation Number : TS-785-ITAT-2022(NAG)
- Tax Payer : Krushi Vibhag Karmchari Vrund Sahakari Pat Sanstha Maryadit
High Court
HC: Directs Revenue for appeal-effect orders in Microsoft’s case involving over Rs.280 Cr. refund
Oct 11, 2022
- In Favour of Assessee
- Citation Number : TS-786-HC-2022(DEL)
- Tax Payer : MOL Corporation