Filters
Rulings ( 11637 results )
High Court
HC: Issues strictures, imposes Rs.50,000 cost over violation of judicial discipline while adjusting refunds against outstanding demand
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-403-HC-2022(RAJ)
- Tax Payer : Rajendra Kumar Chand
Income tax Appellate Tribunal
ITAT: Holds Rs.601 Cr. spent by Wipro for developing AI, revenue in nature, not intangible asset
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-402-ITAT-2022(Bang)
- Tax Payer : Wipro Limited
Income tax Appellate Tribunal
ITAT: Overseas remittances for business promotion not FTS but business income, not liable for TDS absent PE
May 26, 2022
- In Favour of Assessee
- Citation Number : TS-400-ITAT-2022(DEL)
- Tax Payer : Apurva Goswami
High Court
HC: Quashes reassessment of cash deposited during demonetisation since blindly based on CBDT Instruction on 'potential cases'
May 26, 2022
- In Favour of Assessee
- Citation Number : TS-399-HC-2022(ALL)
- Tax Payer : Awlesh Kumar Singh
High Court
HC: Compounding of offences not prejudicial to Revenue's interest; Grants second opportunity, 6 weeks' time
May 25, 2022
- In Favour of Assessee
- Citation Number : TS-397-HC-2022(KAR)
- Tax Payer : Nasiruddin
High Court
HC: Public holiday & weekend for replying to Sec.148A(a) notice, not 'meaningful opportunity'; Sets aside Sec.148A(d) order
May 25, 2022
- In Favour of Assessee
- Citation Number : TS-396-HC-2022(CAL)
- Tax Payer : R N Fashion
Income tax Appellate Tribunal
ITAT: Imposes Rs.25,000 cost on Assessee for ‘lackadaisical & non-cooperative attitude’ in assessment proceedings while restoring matter for rehearing
May 25, 2022
- In Favour of None/NA
- Citation Number : TS-395-ITAT-2022(DEL)
- Tax Payer : Vavasi Telegence P. Ltd
High Court
HC: Holds Sec.148 notice for AY 2014-15 with less than Rs.50 Lacs escaped income as time-barred under new regime; Quashes reassessment
May 24, 2022
- In Favour of Assessee
- Citation Number : TS-394-HC-2022(ALL)
- Tax Payer : Ajay Bhandari
Income tax Appellate Tribunal
ITAT: Holds amended Sec.201(1)-proviso as retrospective since removes statutory anomaly over sum paid to NRs
May 24, 2022
- In Favour of Assessee
- Citation Number : TS-393-ITAT-2022(PAN)
- Tax Payer : Shree Balaji Concepts
Income tax Appellate Tribunal
ITAT: AXA France not liable for TDS on ceding commission since in nature of proportionate cost-reimbursement
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-391-ITAT-2022(DEL)
- Tax Payer : AXA France Vie
Income tax Appellate Tribunal
ITAT: Sales tax subsidy received by Grasim from various states, non-taxable capital receipt; Follows Reliance SB ruling
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-392-ITAT-2022(Mum)
- Tax Payer : Grasim Industries Limited
Income tax Appellate Tribunal
ITAT: Disallows Doctor’s referral fee for recommending stem cell banking; Follows SC’s Apex Labs ruling
May 23, 2022
- In Favour of Revenue
- Citation Number : TS-390-ITAT-2022(Mum)
- Tax Payer : Stemade Biotech Private Limited
Income tax Appellate Tribunal
ITAT: Rejects revisionary order against real estate developer over valuation of WIP, finds accounting compliant with ICAI Guidelines
May 21, 2022
- In Favour of Assessee
- Citation Number : TS-369-ITAT-2022(Ahd)
- Tax Payer : Rushabhdev Infra Project Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Remands issue of taxability of sum received from Hutch as royalty; Considers Assessee’s MFN Clause plea
May 21, 2022
- In Favour of None/NA
- Citation Number : TS-380-ITAT-2022(Bang)
- Tax Payer : Belgacom International Carrier Services SA
Income tax Appellate Tribunal
ITAT: Settling creditors prior to receipt of BSE shares, not relevant for computing capital gains from share-sale
May 21, 2022
- In Favour of Revenue
- Citation Number : TS-363-ITAT-2022(Mum)
- Tax Payer : Mukul H Dalal
Income tax Appellate Tribunal
ITAT: Bonus issue not received for inadequate consideration; Holds Sec.56(2)(vii)(c) inapplicable
May 21, 2022
- In Favour of Assessee
- Citation Number : TS-388-ITAT-2022(DEL)
- Tax Payer : Bhanu Chopra
Income tax Appellate Tribunal
ITAT: Upholds revisionary order since original assessment completed without proper enquiries
May 21, 2022
- In Favour of Revenue
- Citation Number : TS-377-ITAT-2022(Bang)
- Tax Payer : Charoen Pokphand Seeds India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sale of equipment concluded outside India, not taxable; Relies on SC ruling in Ishikawajima Harima
May 21, 2022
- In Favour of Assessee
- Citation Number : TS-387-ITAT-2022(DDN)
- Tax Payer : Solar Turbines International Company
Income tax Appellate Tribunal
ITAT: Holds adjustment of brought forwards capital losses against tax-exempt capital gain as unsustainable
May 21, 2022
- In Favour of Assessee
- Citation Number : TS-386-ITAT-2022(Mum)
- Tax Payer : Bluebay Mauritius Investment Ltd
High Court
HC: Commission to directors & relatives with no special expertise in procurement, unreasonable; Upholds Sec.37 disallowance
May 21, 2022
- In Favour of Revenue
- Citation Number : TS-374-HC-2022(ORI)
- Tax Payer : Oripol Industries Ltd