Rulings ( 11622 results )

HC: Quashes reassessment proceedings as taxability of NCD-interest on receipt basis accepted during assessment

  • In Favour of Assessee
  • Citation Number : TS-323-HC-2024(BOM)
  • Tax Payer : Upesi Ventures Ltd

ITAT: Final order time-barred, passed beyond Sec.144C(13) limitation; Explains ambit of DRP's powers

  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2024(CHNY)
  • Tax Payer : Conferencecall – Services India Pvt. Ltd

ITAT: Allows income recharacterisation as FTS since services not standard & routine; Rejects ‘consistency’ plea

  • In Favour of Revenue
  • Citation Number : TS-319-ITAT-2024(DEL)
  • Tax Payer : Volvo Information Technology AB

HC: Additions based merely on CBIC information, unsustainable; Remits matter sans import details

  • In Favour of Assessee
  • Citation Number : TS-324-HC-2024(DEL)
  • Tax Payer : Bausch And Lomb India Private Limited

ITAT: Banks trading in securities a business activity; Rejects mere classification as investments for disallowance

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2024(Ahd)
  • Tax Payer : Kankaria Maninagar Nagarik Sahakari Bank Ltd

ITAT: Holds loss on forward contracts & forward premium account non-speculative

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2024(DEL)
  • Tax Payer : J. K. Techno soft Ltd

ITAT: Deletes Sec.68 addition as unjustified basis director's statement retracted subsequently

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2024(Mum)
  • Tax Payer : Arjun Manoj Purohit

ITAT: Deletes 271(1)(c) penalty sans specific charge; Rejects assessment finality plea

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2024(Mum)
  • Tax Payer : Michael Page International Recruitment Pvt. Ltd

HC: Search invalid as reasons in satisfaction note pretentious & unrelated yet unearthed information reliable

  • In Favour of Assessee
  • Citation Number : TS-320-HC-2024(BOM)
  • Tax Payer : Echjay Industries Pvt Ltd

HC: Penalty proceedings cannot be initiated based on protective assessment

  • In Favour of Both, Partially
  • Citation Number : TS-316-HC-2024(ALL)
  • Tax Payer : Neelam Dubey

FC: Italian Court allows treaty benefits sans TRC, basis other proofs

  • In Favour of Assessee
  • Citation Number : TS-838-FC-2023(ITL)
  • Tax Payer : Teobaldo Noschese (Case 4)

ITAT: Rules on TDS applicability for transactions between SBI & NBFCs regarding loan assignment

  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2024(Mum)
  • Tax Payer : State Bank of India

HC: Upholds denial of Sec.80-O deduction despite CCIT approval since conditions not fulfilled

  • In Favour of Revenue
  • Citation Number : TS-315-HC-2024(BOM)
  • Tax Payer : Hindustan Export & Import Corporation Private Limited

HC: ‘Administrative Convenience’ & ‘Coordinated Investigation’ prevails over Assessee’s logistical difficulty; Upholds case transfer

  • In Favour of Revenue
  • Citation Number : TS-311-HC-2024(DEL)
  • Tax Payer : Dollar Gulati

HC: Rules on inter-FY TDS adjustment, in challenge against denial of Nil TDS certificate

  • In Favour of Assessee
  • Citation Number : TS-313-HC-2024(DEL)
  • Tax Payer : Aecom Intercontinental Holdings Uk Ltd

HC: Condones delay in revised ITR, filed post-NCLT order; Finds CBDT’s rejection unreasonable

  • In Favour of Assessee
  • Citation Number : TS-309-HC-2024(BOM)
  • Tax Payer : CG Power And Industrial Solutions Ltd

SC: SC rejects constitutional challenge to 'perquisite' provision, delegated powers to CBDT not 'excessive'

  • In Favour of Revenue
  • Citation Number : TS-310-SC-2024
  • Tax Payer : All India Bank Officers' Confederation

HC: Gift is consideration-less transaction, not liable for capital gains tax; Rejects Trust’s reassessment

  • In Favour of Assessee
  • Citation Number : TS-308-HC-2024(BOM)
  • Tax Payer : Jai Trust

SC: Traders' Federation withdraws petition challenging constitutionality of Sec.43B(h), with liberty to approach HC

  • In Favour of Both, Partially
  • Citation Number : TS-307-SC-2024
  • Tax Payer : Federation Of All India Vyapar Mandal

ITAT: Management fee & social security expenses reimbursement taxable as FTS; Denies MFN benefit

  • In Favour of Both, Partially
  • Citation Number : TS-304-ITAT-2024(DEL)
  • Tax Payer : JCDecaux S.A