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Income tax Appellate Tribunal
ITAT: Third Member holds Sec.153A assessments not confined to incriminating material & Sec.143(2) notice not mandatory
Jun 01, 2022
- In Favour of Revenue
- Citation Number : TS-425-ITAT-2022(ALLD)
- Tax Payer : Sunshine Infraestate Private Limited
Income tax Appellate Tribunal
ITAT: Payment by Infosys BPO to Docusign Inc. for digital signature & related services, not FTS; Admits TRC as additional evidence
May 31, 2022
- In Favour of Assessee
- Citation Number : TS-424-ITAT-2022(Bang)
- Tax Payer : Infosys BPO LTD
High Court
HC: Remarks on Revenue's template-based approach for rejecting Assessee's reply in reassessment proceedings; Emphasises on mandate of Sec.148A
May 31, 2022
- In Favour of Assessee
- Citation Number : TS-423-HC-2022(DEL)
- Tax Payer : First Solar Power India Private Limited
Income tax Appellate Tribunal
ITAT: Fuel Farm part of ‘Airport’, thus, 'Infrastructure Facility' under Sec.80-IA; Allows deduction
May 31, 2022
- In Favour of Assessee
- Citation Number : TS-422-ITAT-2022(Bang)
- Tax Payer : Indianoil Skytanking Pvt. Ltd
High Court
HC: Directs AO to pass order manually for interest upto actual refund date as CPC expresses inability
May 31, 2022
- In Favour of Assessee
- Citation Number : TS-421-HC-2022(DEL)
- Tax Payer : Wabtec Locomotive Private Limited
Income tax Appellate Tribunal
ITAT: Date for Sec.234D interest computation, a debatable issue, not 'mistake apparent'; Sets aside rectification order
May 30, 2022
- In Favour of Assessee
- Citation Number : TS-418-ITAT-2022(Mum)
- Tax Payer : State Bank of India
Income tax Appellate Tribunal
ITAT: Letter to AO about merger plan, insufficient communication; Upholds revision of assessment order passed on amalgamating entity
May 30, 2022
- In Favour of Revenue
- Citation Number : TS-401-ITAT-2022(CHNY)
- Tax Payer : IRIS Engineering Industries Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Provision for doubtful debts excludible from total turnover, at par with export turnover, for Sec.10A deduction
May 28, 2022
- In Favour of Assessee
- Citation Number : TS-412-ITAT-2022(CHNY)
- Tax Payer : Sutherland Global Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds deduction under Sec.80-IC not available while computing book profits for MAT
May 28, 2022
- In Favour of Revenue
- Citation Number : TS-405-ITAT-2022(PUN)
- Tax Payer : Chheda Electricals and Electronics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Upholds disallowance of amount paid through bearer cheques & weekly payments to contractors
May 28, 2022
- In Favour of Revenue
- Citation Number : TS-406-ITAT-2022(PUN)
- Tax Payer : Shree Buildcon & Associates
Income tax Appellate Tribunal
ITAT: Restores appeal against reassessment over Rs.70 Lakh cash deposit by non-filer Assessee
May 28, 2022
- In Favour of Both, Partially
- Citation Number : TS-407-ITAT-2022(CHANDI)
- Tax Payer : Balwinder Singh
Income tax Appellate Tribunal
ITAT: Expertise no bar for trading in commodity derivatives; Allows Radiologist set off against other business income
May 28, 2022
- In Favour of Assessee
- Citation Number : TS-411-ITAT-2022(LKW)
- Tax Payer : Ramesh Verma
Income tax Appellate Tribunal
ITAT: Upholds eligibility for Sec.10A exemption for period where Assessee’s exports were certified for valuation
May 28, 2022
- In Favour of Assessee
- Citation Number : TS-408-ITAT-2022(Ahd)
- Tax Payer : Quickstart Resource Management India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sec.270A penalty order not appealable before ITAT, lies before CIT(A) since covered under Sec.246A(1)(q)
May 28, 2022
- In Favour of Revenue
- Citation Number : TS-410-ITAT-2022(Mum)
- Tax Payer : Desmond Savio Theodore Fernandes
High Court
HC: Development authority taxable since income vests with State Govt. only on dissolution; Rejects 'diversion of income' plea
May 28, 2022
- In Favour of Revenue
- Citation Number : TS-413-HC-2022(UTT)
- Tax Payer : Mussoorie Dehradun Development Authority
High Court
HC: Quashes reassessment notice involving alleged rigging of penny stock; Finds no failure in information disclosure
May 28, 2022
- In Favour of Assessee
- Citation Number : TS-414-HC-2022(BOM)
- Tax Payer : Rita Rajkumar Singh
High Court
HC: Sets aside penalty on DGIT(Vigilance) by CIC in absence of proven mala fide
May 28, 2022
- In Favour of Revenue
- Citation Number : TS-415-HC-2022(DEL)
- Tax Payer : Radha Raman Tripathy
High Court
HC: Holds Sec.148A(d) order patently erroneous & grossly illegal; Directs appropriate proceeding against AO, basis CBDT Instruction
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-417-HC-2022(ALL)
- Tax Payer : Dharmendra Kumar Singh
Income tax Appellate Tribunal
ITAT: Additional ground for lower DDT rate admissible since raised first time; Distinguishes coordinate bench's Texas Instruments
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-416-ITAT-2022(Bang)
- Tax Payer : GE BE Private Limited
High Court
HC: SC orders extending limitation during COVID applicable to compounding application; Directs CCIT to decide afresh
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-409-HC-2022(DEL)
- Tax Payer : SKA Infrastructure Pvt. Ltd