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Rulings ( 11622 results )
Supreme Court
SC: Affirms filing of Sec.44AB report as FS prepared for bank purposes despite DGCEI's seizure; Confirms penalty
May 23, 2024
- In Favour of Assessee
- Citation Number : TS-352-SC-2024
- Tax Payer : Laurel Wires Ltd
Income tax Appellate Tribunal
ITAT: Invocation of revision sole basis AO’s proposal untenable sans independent application of mind
May 23, 2024
- In Favour of Assessee
- Citation Number : TS-350-ITAT-2024(DEL)
- Tax Payer : Ahlcon Parenterals (India) Ltd
High Court
HC: Expounds conditions for initiating Sec.148A proceedings; Revenue not obligated to deal with objections individually
May 22, 2024
- In Favour of Revenue
- Citation Number : TS-348-HC-2024(ALL)
- Tax Payer : Rahul Sachan
Income tax Appellate Tribunal
ITAT: Sec.80P claim examined with due application of mind by AO, holds revision invalid
May 22, 2024
- In Favour of Assessee
- Citation Number : TS-346-ITAT-2024(CHANDI)
- Tax Payer : The Mullanpur Garibdas Co-operative Multipurpose Society
Income tax Appellate Tribunal
ITAT: Treating all services as consultancy basis one term of agreement untenable; Providing information on tariff change not FTS
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-345-ITAT-2024(DEL)
- Tax Payer : Lx Pantos India Private Limited
High Court
HC: 153A proceedings without initiating search unsustainable; Holds 'panchnama' not authorisation to conduct search
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-344-HC-2024(P & H)
- Tax Payer : Misty Meadows Private Limited
High Court
HC: Sec.153D approval to be accorded for “each assessment year” separately; Mechanical approval invalidates assessment
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-343-HC-2024(DEL)
- Tax Payer : Shiv Kumar Nayyar
Supreme Court
SC: '30 Key Excerpts' of judgment upholding ICAI’s tax audit limit
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-340-SC-2024
- Tax Payer : Shaji Poulose & Others
Income tax Appellate Tribunal
ITAT: Sec.143(2) notice by NaFAC to foreign banking co. valid; NaFAC covers international taxation charge cases
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-341-ITAT-2024(Mum)
- Tax Payer : BNP Paribas
High Court
HC: DTVSV application maintainable if ITAT appeal time limit not expired by specified date, regarded as pending appeal
May 20, 2024
- In Favour of Assessee
- Citation Number : TS-338-HC-2024(DEL)
- Tax Payer : PT Bukaka Teknik Utama
Supreme Court
SC: Copy of SC order waiving interest on Telcos post capital vs revenue expense judgment
May 19, 2024
- In Favour of Assessee
- Citation Number : TS-339-SC-2024
- Tax Payer : Bharti Hexacom Ltd. & Others
Income tax Appellate Tribunal
ITAT: Rectification order passed on non-existent entity despite knowledge of merger, non-est
May 18, 2024
- In Favour of Assessee
- Citation Number : TS-325-ITAT-2024(Mum)
- Tax Payer : IDBI Bank Ltd
Income tax Appellate Tribunal
ITAT: Upholds partial rejection of books due to closing stock discrepancies and findings on varied gross profit margins
May 18, 2024
- In Favour of Revenue
- Citation Number : TS-337-ITAT-2024(DEL)
- Tax Payer : GRP Auto
Income tax Appellate Tribunal
ITAT: Rules on applicability of Sec.194LBC on 'Excess Interest Spread' paid by securitisation trust
May 18, 2024
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2024(Mum)
- Tax Payer : Syamantaka IFMR Capital 2017
Income tax Appellate Tribunal
ITAT: Indication of disallowance in tax audit sine qua non to invoke Sec.143(1)(a)(iv)
May 18, 2024
- In Favour of Assessee
- Citation Number : TS-322-ITAT-2024(PUN)
- Tax Payer : Sandvik Coromant India Pvt. Ltd
Foreign Court
FC: Italian Court holds termination income taxable in recipient's state
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-336-FC-2024(ITL)
- Tax Payer : Livio Orlandi Contucci (Case 5)
High Court
HC: Quashes CIT(E)'s “mechanical order” refusing to condone delay in submitting Form-10B, remits matter
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-335-HC-2024(TEL)
- Tax Payer : Global Organisation for Development
Income tax Appellate Tribunal
ITAT: Customers' identification & liaisoning tantamounts to marketing services, not taxable as 'FIS'
May 16, 2024
- In Favour of Assessee
- Citation Number : TS-333-ITAT-2024(CHNY)
- Tax Payer : Laserwords US Inc.
Income tax Appellate Tribunal
ITAT: Rejects additional evidence & request for de novo adjudication by CIT(A) as ITAT Appeal non-maintainable
May 15, 2024
- In Favour of Revenue
- Citation Number : TS-329-ITAT-2024(RAI)
- Tax Payer : C.G. Iron Private Limited
High Court
HC: Reassessment notice based solely on DG-GST information unsustainable; Directs de novo consideration by JAO
May 15, 2024
- In Favour of Assessee
- Citation Number : TS-330-HC-2024(BOM)
- Tax Payer : KEC International Ltd