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Rulings ( 11635 results )

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Income tax Appellate Tribunal

ITAT: Deletes Sec.234E interest by following jurisdictional HC; Rejects Revenue's plea based on SC ruling in Dilip Kumar & Co.

Sep 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2022(Bang)
  • Tax Payer : Karnataka Grameena Bank
High Court

HC: Reassessment notice for AY 2013-14 not barred as original notice issued under extended period

Sep 24, 2022
  • In Favour of Revenue
  • Citation Number : TS-738-HC-2022(DEL)
  • Tax Payer : Salil Gulati
Income tax Appellate Tribunal

ITAT: Cadila Healthcare liable for TDS on Clinical Trial payments as FTS, absent make available clause in India-Mexico DTAA

Sep 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2022(Ahd)
  • Tax Payer : Cadila Healthcare Ltd
Income tax Appellate Tribunal

ITAT: Allows tax-benefit despite goods-transfer from lower to higher deduction unit; Rejects Revenue's profit-shifting plea

Sep 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2022(CHNY)
  • Tax Payer : Kamivisa Products
Income tax Appellate Tribunal

ITAT: Deletes addition based on DRI's SCN, absent adherence to Sec.132A procedure & further investigation

Sep 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-740-ITAT-2022(Bang)
  • Tax Payer : M G Anand Reddy
Income tax Appellate Tribunal

ITAT: Rejects recharacterisation of preference shares as debt; Denies notional taxation of premium before redemption

Sep 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-739-ITAT-2022(Bang)
  • Tax Payer : Enzen Global Solutions Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Re-characterization of income not requisite variation under Sec.144C, prior to FA 2020 amendment; Holds assessment void

Sep 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-737-ITAT-2022(DEL)
  • Tax Payer : Super Brands Ltd [UK]
High Court

HC: Export of software inseparable from hardware eligible for Sec.10A deduction, de hors separate invoicing

Sep 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-733-HC-2022(KAR)
  • Tax Payer : Subex Limited
High Court

HC: Upholds withdrawal of Lookout Circular against Huawei-CEO by Trial Court but imposes additional conditions

Sep 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-732-HC-2022(DEL)
  • Tax Payer : Xiongwei Li
Income tax Appellate Tribunal

ITAT: Rs.95 Cr​. absorbed by Aditya Birla Money Mart as loss of Referred Clients, not allowable

Sep 20, 2022
  • In Favour of Revenue
  • Citation Number : TS-731-ITAT-2022(Mum)
  • Tax Payer : Aditya Birla Money Mart Limited
Supreme Court

SC: Holds majority view of larger bench prevails over smaller bench, irrespective of number of Judges constituting majority

Sep 19, 2022
  • In Favour of None/NA
  • Citation Number : TS-729-SC-2022
  • Tax Payer : Trimurthi Fragrances (P) Ltd
Income tax Appellate Tribunal

ITAT: ​'Ola' not obligated for TDS under Sec.194C on fare disbursed to Drivers; Relies on Uber ruling

Sep 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-727-ITAT-2022(CHANDI)
  • Tax Payer : ANI Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Upholds income enhancement by CIT(A) based on the nature of business not considered by AO

Sep 17, 2022
  • In Favour of Revenue
  • Citation Number : TS-717-ITAT-2022(CHNY)
  • Tax Payer : Bharat Promoters
Income tax Appellate Tribunal

ITAT: CIT(A) required to adjudicate additional grounds earlier rejected by PCIT under revisionary proceedings

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2022(Mum)
  • Tax Payer : Granada Investments & Finance Pvt Ltd (Formerly known as M/s Granada Energy Systems Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Transfer of goodwill 'at cost' not taxable despite violation of exemption conditions on conversion of proprietorship into company

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2022(CHNY)
  • Tax Payer : Univercell Telecommunications India-Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Assessee eligible for FTC despite filing Form 67 & ITR after due date

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2022(Bang)
  • Tax Payer : Vinodkumar Lakshmipathi
Income tax Appellate Tribunal

ITAT: Allows DDT refund to Cadila Healthcare where rectification application preferred within 4 years of assessment order

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-722-ITAT-2022(Ahd)
  • Tax Payer : Cadila Healthcare Ltd
Income tax Appellate Tribunal

ITAT: Sec.40(a)(i) disallowance, basis future retrospective amendment, not sustainable; Follows Engineering Analysis

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-709-ITAT-2022(Bang)
  • Tax Payer : Subex Technologies Limited
Income tax Appellate Tribunal

ITAT: 'Fees for Included Services' excludes services ancillary & essentially linked to equipment-purchase

Sep 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2022(HYD)
  • Tax Payer : Electronics Corporation of India Ltd.
High Court

HC: Reassessment proceedings for AY 2013-14 not time-barred as original notice issued under extended period & revived by SC ruling in Ashish Agarwal

Sep 16, 2022
  • In Favour of Revenue
  • Citation Number : TS-726-HC-2022(DEL)
  • Tax Payer : Touchstone Holdings Private Limited