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Rulings ( 11638 results )
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
High Court
HC: Sets aside assessment order passed during IBC moratorium period; Expunges remarks, vacates cost against Assessee's Counsel
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-389-HC-2022(CAL)
- Tax Payer : SREI Equipment Finance Limited
Supreme Court
SC: Assessee entitled to IDS benefit, despite default, since compliant with CBDT Notification 103/2019
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-385-SC-2022
- Tax Payer : Sadhana R. Jain
Income tax Appellate Tribunal
ITAT: WhatsApp messages, uncorroborated & inadmissible under Evidence Act, unreliable; Deletes Rs.17 Cr. 'Election Expenses'
May 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-384-ITAT-2022(CHNY)
- Tax Payer : A. Johnkumar
High Court
HC: Explicates on new reassessment regime while setting aside Sec.148A(d) order alleging Rs.1 Lakh Cr. escaped income
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-383-HC-2022(DEL)
- Tax Payer : Divya Capital One Private Limited
High Court
HC: Dismisses cooperative society's challenge against Sec.148 notice; Holds no change of opinion since assessment records not examined
May 19, 2022
- In Favour of Revenue
- Citation Number : TS-382-HC-2022(GUJ)
- Tax Payer : Katlary Kariyana Merchant Sahkari Sarafi Mandali Ltd
High Court
HC: Upholds property auction, rejects plea of material irregularity since Assessee put to notice & information made public
May 18, 2022
- In Favour of Revenue
- Citation Number : TS-379-HC-2022(MAD)
- Tax Payer : IGGI Resorts International Limited
Income tax Appellate Tribunal
ITAT: Revenue to decide if ‘beneficial ownership’ inbuilt in Art.13 of India-Mauritius DTAA; Vacates presumptuous assessment
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-381-ITAT-2022(Mum)
- Tax Payer : Blackstone FP Capital Partners Mauritius V Limited
Income tax Appellate Tribunal
ITAT: Remits issue of taxability of receipts from Grand Prix for examination of F1 Drivers' stay & activities in India
May 17, 2022
- In Favour of None/NA
- Citation Number : TS-378-ITAT-2022(DEL)
- Tax Payer : GSA Gestions Sportives Automobiles SA
Income tax Appellate Tribunal
ITAT: Characterisation of payment for digital goods/services, contentious issue; Directs adjudication as per SC ruling in Engineering Analysis
May 16, 2022
- In Favour of Both, Partially
- Citation Number : TS-376-ITAT-2022(Bang)
- Tax Payer : Lemnisk Pvt. Ltd
High Court
HC: Disposes of over 700 petitions challenging reassessment notices, following SC judgment; Reserves liberty to contest other issues
May 16, 2022
- In Favour of Both, Partially
- Citation Number : TS-375-HC-2022(GUJ)
- Tax Payer : D G Patel Construction Pvt. Ltd. & Others
High Court
HC: Sets aside assessment order passed on non-existent amalgamated companies of Cognizant Group; Remits issue
May 16, 2022
- In Favour of Assessee
- Citation Number : TS-373-HC-2022(MAD)
- Tax Payer : Cognizant Technology Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Management fee prior to project-completion in SEZ, not revenue expenditure; Denies plea of consistency
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-370-ITAT-2022(PUN)
- Tax Payer : Ascendas IT Park (Pune) Private Limited
Income tax Appellate Tribunal
ITAT: Holds interest on loan availed for strategic investment in US-subsidiary, revenue in nature
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2022(PUN)
- Tax Payer : Bitwise Solutions Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Adjustment under Sec.143(1) without intimation, legally invalid; Finds NFAC's functioning mechanical
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-355-ITAT-2022(Ahd)
- Tax Payer : Arham Pumps
High Court
HC: Expenses incidental to imparting training not deterrent to Sec.10(23C) exemption
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-367-HC-2022(ORI)
- Tax Payer : Orissa Trust of Technical Education and Training
Income tax Appellate Tribunal
ITAT: Upholds revision where Sec.80-IA claim allowed contrary to requirement of Sec.80(5); Rejects challenge to jurisdiction-transfer
May 14, 2022
- In Favour of Revenue
- Citation Number : TS-365-ITAT-2022(PUN)
- Tax Payer : Mahavir Civil Engineering
Income tax Appellate Tribunal
ITAT: Income from Carbon Credits, capital receipt; Gain from interest/currency swap agreement taxable on loan-settlement
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-362-ITAT-2022(Mum)
- Tax Payer : Ascent Hydro Projects Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Arbitration award received by partner without specific mention of retirement, not taxable under Sec.28(iv)
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-353-ITAT-2022(Mum)
- Tax Payer : Ramona Pinto
Income tax Appellate Tribunal
ITAT: Holds CAM charges contractual payments, Lifestyle International liable for TDS under Sec.194C, not Sec.194-I
May 14, 2022
- In Favour of Assessee
- Citation Number : TS-352-ITAT-2022(Bang)
- Tax Payer : Lifestyle International Pvt. Ltd