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Rulings ( 11635 results )

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Income tax Appellate Tribunal

ITAT: Dutch entity not liable to TDS on interest on tax-refund; Invokes MFN Clause to extend benefit under India-Italy DTAA

Sep 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2022(Kol)
  • Tax Payer : Koninklijke Philips N.V
High Court

HC: Upholds reassessment proceedings for AY 2013-14 conducted through two SCNs over accommodation entry

Sep 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-697-HC-2022(DEL)
  • Tax Payer : Saroj Chandna
Income tax Appellate Tribunal

ITAT: Directs CPC to give TDS credit claimed through rectification application; Holds revised return not necessary

Sep 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(DEL)
  • Tax Payer : Heidrick and Struggles Inc.
Income tax Appellate Tribunal

ITAT: Denies registration of Trust for exemption, engaged in providing housing credit from borrowed funds

Sep 03, 2022
  • In Favour of Revenue
  • Citation Number : TS-696-ITAT-2022(CHNY)
  • Tax Payer : Dhan Housing and Habitat Development of Poor for Empowerment Confederation
Income tax Appellate Tribunal

ITAT: Revision not justifiable over difference of opinion; PCIT required to check appeal status before exercising revisionary powers

Sep 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Ahd)
  • Tax Payer : Greenwell Orchards
Income tax Appellate Tribunal

ITAT: Quashes revision of BYJU's assessment, exercised over addition already made and pending before CIT(A)

Sep 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(Bang)
  • Tax Payer : Think and Learn Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Rs. 224 Cr interest disallowance for Lodha Developers, remits issue of allowability of political donations for verification

Sep 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2022(Mum)
  • Tax Payer : Lodha Developers Ltd.
High Court

HC: Grants interest at 5% on refund delayed beyond 90 days, determined under VsV Act

Sep 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-691-HC-2022(DEL)
  • Tax Payer : Anjul
High Court

HC: Considering Assessee’s reply to SCN mandatory under Sec.148A(c); Directs to pass speaking order under Sec.148A(d)

Sep 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-688-HC-2022(DEL)
  • Tax Payer : Nidhi Bindal
Supreme Court

SC: Dismisses Revenue’s SLP against Karnataka HC judgment condoning delay in filing ITR

Sep 02, 2022
  • In Favour of None/NA
  • Citation Number : TS-692-SC-2022
  • Tax Payer : Vasudeva Adigas Fast Food Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on share premium addition of Rs.115Cr. in Raw Pressery's case; Deprecates Revenue for lack of inquiry

Sep 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(Mum)
  • Tax Payer : Raw Pressery Private Limited (formerly known as Rakyan Beverages Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: No prejudice caused to Revenue on DAPE’s taxability where Dependent Agent remunerated at ALP; Quashes revisionary order

Sep 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2022(Mum)
  • Tax Payer : MFE Formwork Technology Sdn Bhd
Income tax Appellate Tribunal

ITAT: Allows Sec.54F exemption wrongly claimed under Sec.54 by rejecting AO's approach as hyper-pedantic

Sep 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)
  • Tax Payer : Armine Hamied Khan
Income tax Appellate Tribunal

ITAT: Deletes Sec.40(a)(i) disallowance for United India Insurance​ as premium ceded to NR Reinsurers not ​taxable in India

Sep 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2022(CHNY)
  • Tax Payer : United India Insurance Co. Ltd
High Court

HC: Allows Huawei outward remittance, except royalty & dividend, subject to Revenue’s lien on Rs.200 Cr. FD, bar on IT refund

Sep 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-684-HC-2022(DEL)
  • Tax Payer : Huawei Telecommunications (India) Company Private Limited
High Court

HC: Sets aside Single Judge's remand in reassessment proceedings where Sec.148A(d) order not relatable to SCN

Sep 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-682-HC-2022(CAL)
  • Tax Payer : Excel Commodity And Derivative Pvt. Ltd
Foreign Court

FC: Danish High Court rules on taxing rights of domicile & source country under Art.15 of China-Denmark DTAA

Aug 30, 2022
  • In Favour of Revenue
  • Citation Number : TS-680-FC-2022(DEN)
  • Tax Payer : A
Income tax Appellate Tribunal

ITAT: Loss incurred on auction of fixed assets & deferred tax asset write-off, not allowable as revenue expenditure

Aug 29, 2022
  • In Favour of Revenue
  • Citation Number : TS-678-ITAT-2022(Mum)
  • Tax Payer : Sunny Vista Realtors Pvt. Ltd
High Court

HC: Reiterates law on loose-sheets & diary entries in post-search assessments; Holds proceedings illegal, remands for de novo consideration

Aug 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-677-HC-2022(KAR)
  • Tax Payer : Sunil Kumar Sharma
Income tax Appellate Tribunal

ITAT: Deletes addition made by CIT(A) basis Bank A/c not considered by AO; Reiterates law on assessment enhancement

Aug 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2022(Bang)
  • Tax Payer : C. N. Babu