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Rulings ( 11635 results )

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Income tax Appellate Tribunal

ITAT: Entering contract of extended warranty for Bentley Cars does not constitute DAPE

Oct 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-766-ITAT-2022(DEL)
  • Tax Payer : Exclusive Motors Pvt. Ltd
High Court

HC: Permits assessee to raise objections before AO qua reassessment, modifies order in writ appeal

Oct 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-767-HC-2022(MAD)
  • Tax Payer : PayPal India Private Limited
High Court

HC: Business loss eligible for set off till AY 2016-17 against income covered under Sec.115BBE

Oct 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-754-HC-2022(KER)
  • Tax Payer : Bhima Jewellers
High Court

HC: Restores reassessment proceedings over violation of natural justice; Sets aside Single Judge's Order

Sep 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-765-HC-2022(CAL)
  • Tax Payer : Dinesh Kumar Goyal
Income tax Appellate Tribunal

ITAT: Rejects 'blanket stay' plea as contrary to law; Grants HUL conditional stay

Sep 30, 2022
  • In Favour of Revenue
  • Citation Number : TS-763-ITAT-2022(Mum)
  • Tax Payer : Hindustan Lever Limited
Income tax Appellate Tribunal

ITAT: Reassessment order passed without quoting DIN, null & void; Only exceptions specified in CBDT Circular, tenable

Sep 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2022(DEL)
  • Tax Payer : Brandix Mauritius Holdings Ltd
Income tax Appellate Tribunal

ITAT: JP Morgan eligible for carry forward of prior years' losses as no set off possible against treaty-exempt capital gains

Sep 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-759-ITAT-2022(Mum)
  • Tax Payer : J. P. Morgan India Investment Company Mauritius Limited
Income tax Appellate Tribunal

ITAT: Addition of Rs.1274 Cr. under Sec.56(2)(viia) untenable since not based on share-allotment date balance-sheet

Sep 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-755-ITAT-2022(Mum)
  • Tax Payer : Mystical Infaratech Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds taxability of GoDaddy’s receipts from domain registration as Royalty; Declines to distinguish earlier ruling

Sep 29, 2022
  • In Favour of Revenue
  • Citation Number : TS-756-ITAT-2022(DEL)
  • Tax Payer : Godaddy.com LLC
High Court

HC: Clears air on fate of reassessment notices​; ​Holds 'despatch' as per Sec.13 of IT Act, sine qua non for 'issuance'

Sep 28, 2022
  • In Favour of None/NA
  • Citation Number : TS-752-HC-2022(DEL)
  • Tax Payer : Suman Jeet Agarwal & Ors
Foreign Court

FC: Danish Tax Council holds sporadic work from home by MD, at his volition, not sufficient to constitute employer's PE

Sep 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-757-FC-2022(DEN)
  • Tax Payer : NA
Income tax Appellate Tribunal

ITAT: German Company eligible for concessional tax-rate of 5% on interest from Rupee Denominated NCDs

Sep 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2022(DEL)
  • Tax Payer : Heidelberg Cement AG
Income tax Appellate Tribunal

ITAT: Rules on allowability of interest on loan used for buying stake in sister concern & consequences of settlement under VsV Act

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-745-ITAT-2022(PUN)
  • Tax Payer : Phadnis Clinic Pvt. Ltd
High Court

HC: Sets aside ITAT's remand on ‘out of books receivable’ & reversal of unutilised tax-provision; Directs determination on merits

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-750-HC-2022(DEL)
  • Tax Payer : Vedanta Limited
Income tax Appellate Tribunal

ITAT: Subsidiary’s unsubstantiated valuation not acceptable for valuing holding company’s shares; Confirms Sec.56(2)(viib) addition

Sep 26, 2022
  • In Favour of Revenue
  • Citation Number : TS-747-ITAT-2022(HYD)
  • Tax Payer : Quark Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: Disallows foreign travel expenses incurred for parent's business & interest on loans diverted within group for non-business purpose

Sep 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-746-ITAT-2022(CHNY)
  • Tax Payer : PVP Ventures Ltd.
Income tax Appellate Tribunal

ITAT: Compensation for compulsory land-acquisition assessable in proportion of ownership

Sep 24, 2022
  • In Favour of None/NA
  • Citation Number : TS-736-ITAT-2022(CHNY)
  • Tax Payer : E. Murugan
Income tax Appellate Tribunal

ITAT: Indexation allowable from year of allotment despite payment made in instalments in later years

Sep 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-734-ITAT-2022(Mum)
  • Tax Payer : Nitin Parkash
Income tax Appellate Tribunal

ITAT: Allows Sonakshi Sinha FTC despite delay in filing Form 67; Rejects Revenue's reliance on SC's Wipro ruling

Sep 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-742-ITAT-2022(Mum)
  • Tax Payer : Sonakshi Sinha
Income tax Appellate Tribunal

ITAT: Sets aside Sec.68 addition of Rs.182 Cr. with directions for inquiry over transactions involving Sahara Group

Sep 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-744-ITAT-2022(Mum)
  • Tax Payer : Glowshine Builders & Developers Pvt. Ltd