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Rulings ( 11637 results )

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Income tax Appellate Tribunal

ITAT: Revenue's finding on DAPE not cogent, profit not attributable as transaction at ALP; Rejects plea for accessing email dump

Jul 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2022(DEL)
  • Tax Payer : Adobe Systems Software Ireland Ltd
High Court

HC: Directs Revenue to process ITRs manually for Sec.44BB entities, invalidated by CPC for non-disclosure of financials

Jul 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-593-HC-2022(DEL)
  • Tax Payer : Almansoori Wireline Services Company LLC
Income tax Appellate Tribunal

ITAT: Sec.2(22)(e) addition basis common directors’ shareholding, unsustainable; Current account transactions not covered

Jul 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2022(CHNY)
  • Tax Payer : Pallava Resorts Private Limited
Income tax Appellate Tribunal

ITAT: Excess Interest Spread taxable over tenure of loan, not in year of securitisation; Upholds NBFC's revenue recognition policy

Jul 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-590-ITAT-2022(CHNY)
  • Tax Payer : Cholamandalam Investment & Finance Co. Ltd
Income tax Appellate Tribunal

ITAT: Expounds on specific & general relaxations under TOLA; Allows Sec.115BAA benefit

Jul 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2022(Mum)
  • Tax Payer : Suminter India Organics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec.80P deduction allowable despite claimed in belated return; Holds amendments in Sec.143(1) & Sec.80AC prospective

Jul 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-589-ITAT-2022(Mum)
  • Tax Payer : Meghana Apartment Cooperative Housing Society Ltd
Income tax Appellate Tribunal

ITAT: Denies to condone over 1000 days' delay in appeal against ex parte order; Finds Assessee negligent

Jul 26, 2022
  • In Favour of Revenue
  • Citation Number : TS-587-ITAT-2022(Bang)
  • Tax Payer : Malnad Organics Pvt. Ltd
High Court

HC: Material factual dispute to be determined in appeal, not writ; Declines Tata Teleservices’ plea for complete stay

Jul 26, 2022
  • In Favour of Revenue
  • Citation Number : TS-586-HC-2022(DEL)
  • Tax Payer : Tata Teleservices Limited
Income tax Appellate Tribunal

ITAT: Mentioning DIN on revisionary order, mandatory; Holds revision against Tata Medical Centre Trust void

Jul 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-585-ITAT-2022(Kol)
  • Tax Payer : Tata Medical Centre Trust
High Court

HC: Directs Revenue to decide informant’s claim under Benami Reward Scheme, denied for not adhering to specified format

Jul 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-584-HC-2022(RAJ)
  • Tax Payer : Sharad Pandya
Income tax Appellate Tribunal

ITAT: Remands Kalaignar TV's case to examine Court's Order on 2G Scam over expenditure incurred in defending directors/shareholders

Jul 25, 2022
  • In Favour of None/NA
  • Citation Number : TS-583-ITAT-2022(CHNY)
  • Tax Payer : Kalaignar TV Pvt. Ltd.
High Court

HC: Upholds allowability of Sec.80-IB deduction on pro-rata basis for eligible residential units

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-581-HC-2022(BOM)
  • Tax Payer : Kumar Builders Consortium
Income tax Appellate Tribunal

ITAT: Interest under Sec.201(1A) leviable only on professional or technical services fee paid by HRD Ministry to PIU

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2022(DEL)
  • Tax Payer : Department of School Education and Literacy
Income tax Appellate Tribunal

ITAT: Allows deduction under Chapter VI-A where Trust assessed as AOP, not claimed Sec.11 exemption

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2022(DEL)
  • Tax Payer : Parijat Trust
Income tax Appellate Tribunal

ITAT: Forex fluctuation loss allowable on loan transaction between PE and HO

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2022(DEL)
  • Tax Payer : Cobra Instalaciones Y Services S.A
High Court

HC: Directs Govt. to quantify scientific research expenditure on SRF's in-house R&D for weighted deduction

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-572-HC-2022(DEL)
  • Tax Payer : SRF Ltd
High Court

HC: Deletes disallowance for short tax-deduction, correct course of action is Sec.201 proceedings

Jul 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-580-HC-2022(DEL)
  • Tax Payer : FUTURE FIRST INFO. SERVICES PVT. LTD
Income tax Appellate Tribunal

ITAT: Allows lease rent as deduction by rejecting Revenue’s plea of colorable device & AS-19

Jul 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2022(Bang)
  • Tax Payer : Texas Instruments (India) Private Limited
High Court

HC: Acceptance of cash sales by VAT Authority not sufficient to dislodge Revenue’s independent finding; Upholds Sec.271(1)(c) penalty

Jul 22, 2022
  • In Favour of Revenue
  • Citation Number : TS-579-HC-2022(HP)
  • Tax Payer : JMJ Essential Oil Company
High Court

HC: Sec.14A amendment alters legal position, not retrospective, despite inserted 'for removal of doubts'

Jul 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-577-HC-2022(DEL)
  • Tax Payer : ERA Infrastructure (India) Ltd