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Rulings ( 11637 results )
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
Income tax Appellate Tribunal
ITAT: Allows Deloitte to pay group company without TDS for shared services of brand, communication & technology
Aug 04, 2022
- In Favour of Assessee
- Citation Number : TS-616-ITAT-2022(Mum)
- Tax Payer : Deloitte Haskins & Sells LLP
Income tax Appellate Tribunal
ITAT: Developer not liable for TDS on subvention charges/pre-EMI interest paid to financier on buyer’s behalf
Aug 03, 2022
- In Favour of Assessee
- Citation Number : TS-615-ITAT-2022(Bang)
- Tax Payer : Ozone Urbana Infra Developers Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ‘Incidental benefit’ from services not equivalent to ‘making available’ of technology; Deletes Rs.121 Cr. addition
Aug 03, 2022
- In Favour of Assessee
- Citation Number : TS-612-ITAT-2022(Mum)
- Tax Payer : NTT Asia Pacific Holdings Pte Ltd
High Court
HC: Quashes Sec.241A order as 'mechanical and generic' due to lack of sufficient reasons; Directs refund with interest
Aug 03, 2022
- In Favour of Assessee
- Citation Number : TS-611-HC-2022(DEL)
- Tax Payer : Trueblue India LLP
Income tax Appellate Tribunal
ITAT: Payment made by Ad Agency to Facebook for digital space, not royalty; Rejects CIT(A)'s finding on DAPE
Aug 02, 2022
- In Favour of Assessee
- Citation Number : TS-602-ITAT-2022(Mum)
- Tax Payer : Interactive Avenues Private Limited
Income tax Appellate Tribunal
ITAT: Third Member upholds cancellation of Sec.12A registration as Trust sold its educational institutions; Rejects retrospective effect
Aug 02, 2022
- In Favour of Revenue
- Citation Number : TS-606-ITAT-2022(ALLD)
- Tax Payer : Jeevan Jyoti Charitable Trust
Income tax Appellate Tribunal
ITAT: Trust not bound by conditions imposed beyond ‘scheme of the law’, while granting registration
Aug 02, 2022
- In Favour of Assessee
- Citation Number : TS-608-ITAT-2022(Mum)
- Tax Payer : Bai Navajbai Tata Zoroastrian Girls School
High Court
HC: Sets aside ITAT order imposing pre-deposit for granting stay in covered matter; Directs expeditious hearing
Aug 01, 2022
- In Favour of Assessee
- Citation Number : TS-607-HC-2022(DEL)
- Tax Payer : Expeditors International Of Washingtion, INC
Income tax Appellate Tribunal
ITAT: Losses incurred by Directors in individual capacity, not allowable to Company; Power to invest not inclusive of share-trade
Aug 01, 2022
- In Favour of Revenue
- Citation Number : TS-605-ITAT-2022(HYD)
- Tax Payer : Nekkanti Systems Private Limited
High Court
HC: Upholds independent nature of Revenue’s power to reassess during pendency of appeal against assessment before CIT(A)
Aug 01, 2022
- In Favour of Revenue
- Citation Number : TS-595-HC-2022(DEL)
- Tax Payer : Sunil Jain
High Court
HC: Dismisses Revenue's appeal on Sec.68 additions pursuant to Court approved amalgamation scheme
Jul 30, 2022
- In Favour of Assessee
- Citation Number : TS-600-HC-2022(CAL)
- Tax Payer : Purbanchal Power Company Limited
High Court
HC: Dismisses Revenue's appeal as objection on jurisdiction under Sec.124(4) left undecided during assessment proceedings
Jul 30, 2022
- In Favour of Assessee
- Citation Number : TS-603-HC-2022(DEL)
- Tax Payer : UV Realtors Private Limited
Income tax Appellate Tribunal
ITAT: Assessee qualifies as VCU, Sec.56(2)(viib) inapplicable on share premium received from VCF
Jul 30, 2022
- In Favour of Assessee
- Citation Number : TS-592-ITAT-2022(DEL)
- Tax Payer : Bigfoot Retail Solution Pvt. Ltd
Income tax Appellate Tribunal
ITAT: TDS on gross contractual payment to digital media agency covered under Sec.194C, not Sec.194J
Jul 30, 2022
- In Favour of Assessee
- Citation Number : TS-604-ITAT-2022(Mum)
- Tax Payer : Cowtown Software Design Pvt. Ltd., (Formerly known as Nabhiraja Software Design Pvt.Ltd.,)
Income tax Appellate Tribunal
ITAT: Remands case of Coop. Bank over peculiar accounting methodology for claim of bad & doubtful debts
Jul 30, 2022
- In Favour of Both, Partially
- Citation Number : TS-597-ITAT-2022(CHNY)
- Tax Payer : The Dharmapuri District Central Co-operative Bank Ltd
Income tax Appellate Tribunal
ITAT: Amendment to Sec.14A prospective in nature; Follows Delhi HC's Era Infrastructure ruling
Jul 30, 2022
- In Favour of Assessee
- Citation Number : TS-598-ITAT-2022(CHNY)
- Tax Payer : Maxivision Eye Hospital Pvt. Ltd
Supreme Court
SC: Divergent views on lower withholding certificate reflect on interplay of assessment & TDS regimes, significance of consistency
Jul 29, 2022
- In Favour of None/NA
- Citation Number : TS-599-SC-2022
- Tax Payer : National Petroleum Construction Company
High Court
HC: Holds interest waiver application maintainable, not covered by superseding notification; Dismisses Revenue's writ appeals
Jul 29, 2022
- In Favour of Assessee
- Citation Number : TS-601-HC-2022(MAD)
- Tax Payer : Van Oord ACZ Marine Contractors BV
Foreign Court
FC: Tax Court of Canada upholds GAAR on recycling of Capital Dividend Account through cross-redemption of shares
Jul 29, 2022
- In Favour of Revenue
- Citation Number : TS-596-FC-2022(CAN)
- Tax Payer : 3295940 CANADA INC.