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Rulings ( 11636 results )
High Court
HC: Upholds constitutionality of retrospective amendments meant for confidentiality of ‘reasons to believe or suspect’ in search regime
Aug 10, 2022
- In Favour of Revenue
- Citation Number : TS-637-HC-2022(MAD)
- Tax Payer : SRS Mining
High Court
HC: Quashes cognizance of tax-evasion by Trial Court in over 80 cases against Revenue's complaint of delayed ITR-filing
Aug 10, 2022
- In Favour of Assessee
- Citation Number : TS-636-HC-2022(RAJ)
- Tax Payer : Ashish Agarwal
Income tax Appellate Tribunal
ITAT: Upholds valuation of ‘Idhayam’ oil brand on conversion from firm to company; Directs Revenue to allow depreciation
Aug 10, 2022
- In Favour of Both, Partially
- Citation Number : TS-634-ITAT-2022(CHNY)
- Tax Payer : VVV & Sons Edible Oils Ltd
High Court
HC: Stays garnishee order for remission of Rs.317 Cr. until disposal of revision application by PCIT
Aug 10, 2022
- In Favour of Assessee
- Citation Number : TS-632-HC-2022(DEL)
- Tax Payer : China Construction Sausum India Pvt. Ltd
High Court
HC: Dismisses Revenue's appeals against discharge from Sec.276CC prosecution as non-maintainable, with liberty to move Revision petitions
Aug 09, 2022
- In Favour of Assessee
- Citation Number : TS-631-HC-2022(KAR)
- Tax Payer : Lokmanya Multipurpose Co-Op Society Ltd
Income tax Appellate Tribunal
ITAT: Holds MAT provisions not applicable to foreign companies; Deletes Rs. 729 Cr addition for Credit Suisse
Aug 09, 2022
- In Favour of Assessee
- Citation Number : TS-630-ITAT-2022(Mum)
- Tax Payer : Credit Suisse AG
High Court
HC: Frequent violations of natural justice in reassessment proceedings warrant immediate attention at highest level; Imposes Rs.50,000/- cost
Aug 08, 2022
- In Favour of Assessee
- Citation Number : TS-629-HC-2022(ALL)
- Tax Payer : Nabco Products Private Limited
High Court
HC: Allows deduction of Consumption Incentive extended by TV Today to advertisers; Holds Sec.36(1)(va) amendment as prospective
Aug 08, 2022
- In Favour of Assessee
- Citation Number : TS-627-HC-2022(DEL)
- Tax Payer : TV Today Network Ltd
High Court
HC: Expenditure incurred for beautification of Domino's outlets, revenue in nature; Upholds ITAT order deleting Rs.47 Cr addition
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-626-HC-2022(ALL)
- Tax Payer : Jubilant Foodworks Ltd
Income tax Appellate Tribunal
ITAT: Holds accumulation of income of Trust under Sec.11 to be taken on gross basis
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-614-ITAT-2022(Bang)
- Tax Payer : Gokula Education Foundation – Medical
Income tax Appellate Tribunal
ITAT: Services to RIL in connection with KG Basin covered by FTS-exclusion, taxable under Sec.44BB
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-618-ITAT-2022(DEL)
- Tax Payer : Technip France SAS
Income tax Appellate Tribunal
ITAT: Reckons limitation period from date of giving effect to ITAT order in quantum appeal; Quashes penalty as time-barred
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-621-ITAT-2022(DEL)
- Tax Payer : CFM Materials PL (earlier known as GE, Aviation Materials LP)
High Court
HC: Sets aside reassessment notice as Sec.148A(d) order based on allegation not reflected in Sec.148A(b) notice
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-622-HC-2022(DEL)
- Tax Payer : Best Buildwell Private Limited
High Court
HC: Sets aside reassessment notice against stock broker based on alleged income escapement from client's share transaction
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-623-HC-2022(DEL)
- Tax Payer : South Asian Stocks Limited
Income tax Appellate Tribunal
ITAT: Michael Page's services not taxable as FTS since incidentally benefitting Indian AE without transfer of technology
Aug 06, 2022
- In Favour of Assessee
- Citation Number : TS-624-ITAT-2022(Mum)
- Tax Payer : Michael Page International Recruitment Pvt Ltd
High Court
HC: Holds Benami orders, passed timely but communicated with delay as valid; Sets aside Single Judge’s order
Aug 06, 2022
- In Favour of Revenue
- Citation Number : TS-613-HC-2022(MAD)
- Tax Payer : Anuttam Academic Institutions
Income tax Appellate Tribunal
ITAT: Holds USD 4.95 Mn paid by ONGC to Texas University for research, not taxable as FTS or Royalty under India-US DTAA
Aug 05, 2022
- In Favour of Assessee
- Citation Number : TS-625-ITAT-2022(Ahd)
- Tax Payer : Oil and Natural Gas Corporation Limited
Income tax Appellate Tribunal
ITAT: Rejects plea of yacht's personal use by Anil Ambani, allows customs duty as business expenditure
Aug 05, 2022
- In Favour of Assessee
- Citation Number : TS-620-ITAT-2022(Mum)
- Tax Payer : Reliance Transport & Travels Pvt. Ltd
High Court
HC: TDS at beneficial treaty rate prevails over non-obstante Sec.206AA provisions; Dismisses Revenue's appeal
Aug 04, 2022
- In Favour of Assessee
- Citation Number : TS-619-HC-2022(DEL)
- Tax Payer : Air India Ltd
Income tax Appellate Tribunal
ITAT: Applicability of rulings on additional depreciation for interpreting Sec.32AC, a possible view; Quashes revision
Aug 04, 2022
- In Favour of Assessee
- Citation Number : TS-617-ITAT-2022(Bang)
- Tax Payer : Bosch Limited