Direct tax Weekly Digest

Weekly Digest #18 07 May to 13 May 2023 6 Rulings

High Court HC: Allows adjustment of tax paid under invalid IDS declaration against VsV liability

May 13, 2023

In Favour of : Assessee
Citation Number : TS-236-HC-2023(BOM)

Income tax Appellate Tribunal ITAT: Subscription fees for providing access to online database, not royalty

May 13, 2023

In Favour of : Assessee
Citation Number : TS-228-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Administrative cost reimbursed to Goldman Sachs US for campus development, not FIS

May 13, 2023

In Favour of : Assessee
Citation Number : TS-248-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Seconded employees' salary reimbursement not FTS; Follows Flipkart & Abbey Business ruling

May 13, 2023

In Favour of : Assessee
Citation Number : TS-242-ITAT-2023(Bang)

Income tax Appellate Tribunal ITAT: Sec.115BBE inapplicable where satisfaction for Sec.68/69 invocation not recorded; Quashes rectification order

May 13, 2023

In Favour of : Assessee
Citation Number : TS-246-ITAT-2023(HYD)

Income tax Appellate Tribunal ITAT: Deletes Sec.234E fee levied for pre-June 2015 period: Sec.200A amendment applicable prospectively

May 13, 2023

In Favour of : Assessee
Citation Number : TS-227-ITAT-2023(Mum)

Weekly Digest #17 30 Apr to 06 May 2023 4 Rulings

High Court HC: 13 hours response time for SCN, against natural justice; Revenue to consider matter afresh

May 06, 2023

In Favour of : Assessee
Citation Number : TS-226-HC-2023(MAD)

Income tax Appellate Tribunal ITAT: Rejects Sec.69A addition where cash deposits reflected as sales & accepted by Revenue

May 06, 2023

In Favour of : Assessee
Citation Number : TS-209-ITAT-2023(Ahd)

Income tax Appellate Tribunal ITAT: Allows TDS credit to deceased sole trustee over tax deducted on Trust's income

May 06, 2023

In Favour of : Assessee
Citation Number : TS-230-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Sec.80-IA deduction allowable where agreement is with Govt. recognised nodal agency

May 06, 2023

In Favour of : Assessee
Citation Number : TS-225-ITAT-2023(Kol)

Weekly Digest #16 23 Apr to 29 Apr 2023 6 Rulings

High Court HC: Information sans 'material relied upon' violative of Sec.148A(b), renders proceedings invalid

Apr 29, 2023

In Favour of : Assessee
Citation Number : TS-219-HC-2023(BOM)

High Court HC: Upholds Sec.47(iv) exemption on transfer of “Trunk Infrastructure Asset” by realtor to WOS

Apr 29, 2023

In Favour of : Assessee
Citation Number : TS-208-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Receipts from builder for alternate accommodation & hardship during redevelopment, capital in nature

Apr 29, 2023

In Favour of : Assessee
Citation Number : TS-214-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: AO duty-bound to guide compliant non-resident on taxability; Directs order on merits

Apr 29, 2023

In Favour of : Assessee
Citation Number : TS-192-ITAT-2023(JPR)

High Court HC: Assessment order sans DIN 'non est', Sec.292B inapplicable; CBDT Circular binds Revenue

Apr 13, 2023

In Favour of : Assessee
Citation Number : TS-184-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Rules on loss due to conversion of old jewellery & excess gold found during Survey

Apr 29, 2023

In Favour of : Both, Partially
Citation Number : TS-220-ITAT-2023(CHNY)

Weekly Digest #15 16 Apr to 22 Apr 2023 7 Rulings

High Court HC: Provision for investment's diminution, pursuant to RBI direction, allowable under Sec.37

Apr 22, 2023

In Favour of : Assessee
Citation Number : TS-186-HC-2023(CAL)

Income tax Appellate Tribunal ITAT: Penny stock transaction designed to plough back unaccounted income; Denies Sec.10(38) exemption

Apr 22, 2023

In Favour of : Revenue
Citation Number : TS-189-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Adjustment in returned income by CPC without hearing Assessee, null & void

Apr 22, 2023

In Favour of : Assessee
Citation Number : TS-191-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Confirms addition of 'demonetisation deposit'; Rejects plea of unutilised gift from sister-in-law

Apr 22, 2023

In Favour of : Assessee
Citation Number : TS-195-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: Rejects revision of investment income as business income, NBFC maintained distinct portfolios

Apr 22, 2023

In Favour of : Assessee
Citation Number : TS-196-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: Rules on Sec.80HHE deduction, allowability of non-compete fees & other corporate-tax issues

Apr 22, 2023

In Favour of : Revenue
Citation Number : TS-198-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: No TDS on 'cost reimbursement' to non-resident HO for employee deputation

Apr 22, 2023

In Favour of : Assessee
Citation Number : TS-200-ITAT-2023(DEL)

Weekly Digest #14 09 Apr to 15 Apr 2023 5 Rulings

Income tax Appellate Tribunal ITAT: Reimbursement of Morgan Stanley's seconded employees' salary, not FIS; Accepts 'double-taxation' plea

Apr 15, 2023

In Favour of : Assessee
Citation Number : TS-179-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Day-to-day administrative support services by Jefferies to group entities, not FIS

Apr 15, 2023

In Favour of : Assessee
Citation Number : TS-175-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Rejects 'Force of Attraction', PE constitution in construction projects; Accepts taxability as FTS

Apr 15, 2023

In Favour of : Assessee
Citation Number : TS-181-ITAT-2023(DEL)

Income tax Appellate Tribunal ITAT: Mushrooms grown under controlled conditions constitutes ‘agricultural activity’, exemption from tax

Apr 15, 2023

In Favour of : Assessee
Citation Number : TS-177-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: Doctor not taxable for non-compete fee pre-2016 amendment of Sec.28(va)

Apr 15, 2023

In Favour of : Assessee
Citation Number : TS-180-ITAT-2023(DEL)

Weekly Digest #13 02 Apr to 08 Apr 2023 5 Rulings

High Court HC: Reassessment of non-existing entity unsustainable even on pre-amalgamation transaction

Apr 08, 2023

In Favour of : Assessee
Citation Number : TS-168-HC-2023(BOM)

High Court HC: No nexus between material & Revenue's belief on income escapement; Quashes Sec.148 notice

Apr 08, 2023

In Favour of : Assessee
Citation Number : TS-167-HC-2023(DEL)

High Court HC: Quashes LOC as tax proceedings concluded; Continuing LOC sans Originating Agency's review, untenable

Apr 08, 2023

In Favour of : Assessee
Citation Number : TS-150-HC-2023(DEL)

High Court HC: Specific provision prevails over general; Quashes prosecution in pre-1997 search case

Apr 08, 2023

In Favour of : Assessee
Citation Number : TS-134-HC-2023(GUJ)

Income tax Appellate Tribunal ITAT: Assessee cannot deviate from Apex Labs ruling; Directs Revenue to check expenditure details

Apr 08, 2023

In Favour of : Both, Partially
Citation Number : TS-169-ITAT-2023(Mum)

Weekly Digest #12 26 Mar to 01 Apr 2023 5 Rulings

High Court HC: Withholding OYO's refund over pending assessment 'unjust' & 'inequitable'; Directs de novo exercise

Apr 01, 2023

In Favour of : Both, Partially
Citation Number : TS-142-HC-2023(DEL)

High Court HC: Quashes provisional attachment in Benami proceedings, following SC ruling in Ganpati Dealcom

Apr 01, 2023

In Favour of : Assessee
Citation Number : TS-151-HC-2023(BOM)

High Court HC: TDS proceedings against Google India, time-barred; Follows Delhi HC Bharti Airtel ruling

Apr 01, 2023

In Favour of : Assessee
Citation Number : TS-155-HC-2023(KAR)

Income tax Appellate Tribunal ITAT: Services for installation & commissioning of dryer fans, not FTS; CBDT's MFN Circular, prospective

Apr 01, 2023

In Favour of : Assessee
Citation Number : TS-147-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Upholds wealth-tax liability where Assessee held 'urban land' as capital asset, not stock-in-trade

Apr 01, 2023

In Favour of : Revenue
Citation Number : TS-144-ITAT-2023(Bang)

Weekly Digest #11 19 Mar to 25 Mar 2023 5 Rulings

High Court HC: Revenue bound to hear Assessee for deciding application for immunity from penalty

Mar 25, 2023

In Favour of : Assessee
Citation Number : TS-132-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Quashes final assessment order for violation of Sec.144C(13) timeline

Mar 25, 2023

In Favour of : Assessee
Citation Number : TS-131-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Rules on JP Morgan's short-term capital loss set-off & debentures' cost of acquisition

Mar 25, 2023

In Favour of : Assessee
Citation Number : TS-136-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: CIT(E) not empowered to condone delay in filing application for Sec.10(23C)(vi) approval

Mar 25, 2023

In Favour of : Revenue
Citation Number : TS-137-ITAT-2023(RAI)

Income tax Appellate Tribunal ITAT: Dismisses appeal for non-impleadment of IRP; Remarks on demand modification, per Sec.156A

Mar 25, 2023

In Favour of : Assessee
Citation Number : TS-118-ITAT-2023(SUR)

Weekly Digest #10 12 Mar to 18 Mar 2023 5 Rulings

Income tax Appellate Tribunal ITAT: Receipts from provision of 'Microsoft' access to group entities, not royalty

Mar 18, 2023

In Favour of : Assessee
Citation Number : TS-123-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Assessment in disregard of DRP directions, on verification & examination of documents, jurisdictionally defective

Mar 18, 2023

In Favour of : Assessee
Citation Number : TS-112-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Sale of property held with commercial intent taxable as business income, Sec. 50C inapplicable

Mar 18, 2023

In Favour of : Assessee
Citation Number : TS-110-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: BPCL dealer covered by MoF Notification, addition of demonetised notes not sustainable

Mar 18, 2023

In Favour of : Assessee
Citation Number : TS-104-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: Expounds on scope of Sec.263 while partly upholding revision against Delhivery

Mar 18, 2023

In Favour of : Both, Partially
Citation Number : TS-124-ITAT-2023(DEL)

Weekly Digest #9 05 Mar to 11 Mar 2023 5 Rulings

High Court HC: Quashes demand on employee arising from TDS not deposited by Kingfisher Airlines

Mar 11, 2023

In Favour of : Assessee
Citation Number : TS-93-HC-2023(DEL)

High Court HC: Expounds on scope of ITSC powers; Allows Revenue's writ against ITSC order

Mar 11, 2023

In Favour of : Revenue
Citation Number : TS-103-HC-2023(ALL)

High Court HC: Dismisses writ against BMA assessment order & penalty notices due to adequate statutory remedy

Mar 11, 2023

In Favour of : Revenue
Citation Number : TS-1045-HC-2022(J & K)

Income tax Appellate Tribunal ITAT: Sans Sec.65B Certificate, rejects reliance on information retrieved from mobile phone

Mar 11, 2023

In Favour of : Assessee
Citation Number : TS-100-ITAT-2023(HYD)

Income tax Appellate Tribunal ITAT: Expenses on WIP not allowable as deduction for income computation before project completion

Mar 11, 2023

In Favour of : Both, Partially
Citation Number : TS-95-ITAT-2023(Kol)

Weekly Digest #8 26 Feb to 04 Mar 2023 5 Rulings

High Court HC: Income from regulating fish/poultry market constitutes eligible for Sec.10(26AAB) exemption

Mar 04, 2023

In Favour of : Assessee
Citation Number : TS-85-HC-2023(DEL)

High Court HC: Directs PCIT to reconsider Interglobe's revision application over double taxation of tax-refund interest

Mar 04, 2023

In Favour of : Assessee
Citation Number : TS-89-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Google Ireland’s receipts from AdWords, not royalty; Follows Google India ruling

Mar 04, 2023

In Favour of : Assessee
Citation Number : TS-92-ITAT-2023(BIL)

Income tax Appellate Tribunal ITAT: Upholds TDS credit entitlement where corresponding income not offered to tax

Mar 04, 2023

In Favour of : Assessee
Citation Number : TS-91-ITAT-2023(Ahd)

Income tax Appellate Tribunal ITAT: Imposes cost on Jet Airways for delinquency in assessment proceedings; Accords last opportunity

Mar 04, 2023

In Favour of : Assessee
Citation Number : TS-88-ITAT-2023(Mum)

Weekly Digest #7 19 Feb to 25 Feb 2023 5 Rulings

Income tax Appellate Tribunal ITAT: Absent 'make available', Cloud, Colocation, Mainframe & Data Recovery services not FIS

Feb 25, 2023

In Favour of : Assessee
Citation Number : TS-1042-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Expenditure on popularising ‘Livpure’ brand, capital in nature; Remands for verification & bifurcation

Feb 25, 2023

In Favour of : Assessee
Citation Number : TS-78-ITAT-2023(DEL)

Income tax Appellate Tribunal ITAT: Absent specific share in sale deed, spouse taxable for notional rent as equal owner

Feb 25, 2023

In Favour of : Revenue
Citation Number : TS-76-ITAT-2023(DEL)

Income tax Appellate Tribunal ITAT: Disallowing employees' PF/ESI for delayed deposit, not permissible under Sec.143(1)

Feb 25, 2023

In Favour of : Assessee
Citation Number : TS-77-ITAT-2023(JPR)

Income tax Appellate Tribunal ITAT: DRP wrong in not following HC ruling in ADIA's case over pending SLP

Feb 25, 2023

In Favour of : Assessee
Citation Number : TS-71-ITAT-2023(Mum)

Weekly Digest #6 12 Feb to 18 Feb 2023 6 Rulings

High Court HC: Non-adherence to Sec.144C procedure 'fatal defect', assessment order not sustainable

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-66-HC-2023(KER)

High Court HC: Grants refund as Revenue fails to conduct remand proceedings within Sec.153(3) limitation

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-68-HC-2023(BOM)

High Court HC: Sets aside reassessment proceedings over disparity in Sec.148A(d) order & SCN; Directs de novo adjudication

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-63-HC-2023(DEL)

High Court HC: TDS assessment for AY 2008-09, on payment to NR, after 7 years time-barred

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-62-HC-2023(KAR)

Income tax Appellate Tribunal ITAT: Trust's Audit Report delay for AY 2017-18 condonable by CBDT Circular, application not required

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-65-ITAT-2023(Bang)

Income tax Appellate Tribunal ITAT: Deletes Sec.68 addition as Assessee refunded share application money, discharged onus

Feb 18, 2023

In Favour of : Assessee
Citation Number : TS-1037-ITAT-2022(Mum)

Weekly Digest #5 05 Feb to 11 Feb 2023 5 Rulings

High Court HC: Denies writ on allowability of Sec.80P(2)(d) deduction over factual dispute of investee's status

Feb 11, 2023

In Favour of : Revenue
Citation Number : TS-48-HC-2023(MAD)

High Court HC: Directs 7% interest on Revenue's delay in payment of special audit fee

Feb 11, 2023

In Favour of : Assessee
Citation Number : TS-47-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Interest on delayed TDS remittance, not 'expenditure' under Sec.37(1)

Feb 11, 2023

In Favour of : Revenue
Citation Number : TS-39-ITAT-2023(Kol)

Income tax Appellate Tribunal ITAT: LLP, as partner in firm, eligible for Sec.10(2A) exemption

Feb 11, 2023

In Favour of : Assessee
Citation Number : TS-51-ITAT-2023(Bang)

Income tax Appellate Tribunal ITAT: Variation in tax rate not eligible for Sec.144C procedure; Quashes assessment as time-barred

Feb 11, 2023

In Favour of : Assessee
Citation Number : TS-49-ITAT-2023(Mum)

Weekly Digest #4 22 Jan to 28 Jan 2023 6 Rulings

High Court HC: Quashes reassessment for non-supply of material underlying ‘reasons to believe’

Jan 28, 2023

In Favour of : Assessee
Citation Number : TS-10-HC-2023(RAJ)

Income tax Appellate Tribunal ITAT: Restores L&T Mitsubishi JV's matter for examining loss, basis 300% cost escalation

Jan 28, 2023

In Favour of : Both, Partially
Citation Number : TS-14-ITAT-2023(Mum)

Income tax Appellate Tribunal ITAT: Follows Checkmate ruling to recall order but restores for examining allowability under Sec.37

Jan 28, 2023

In Favour of : Both, Partially
Citation Number : TS-19-ITAT-2023(CTK)

Income tax Appellate Tribunal ITAT: AMT applicable to Sec.80-IB(10) projects approved prior to introduction of Sec.115JC

Jan 28, 2023

In Favour of : Revenue
Citation Number : TS-21-ITAT-2023(PUN)

Income tax Appellate Tribunal ITAT: Rules on taxability of foreign donation for trust not registered under Sec.12A

Jan 28, 2023

In Favour of : Revenue
Citation Number : TS-20-ITAT-2023(PAT)

Income tax Appellate Tribunal ITAT: Change in residential status in post-search return vis-a-vis original return, acceptable

Jan 28, 2023

In Favour of : Assessee
Citation Number : TS-1036-ITAT-2022(Mum)

Weekly Digest #3 15 Jan to 21 Jan 2023 7 Rulings

High Court HC: Rules on allowability of CSR expenditure for SAIL; Sec. 37(1) amendment prospective

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-27-HC-2023(DEL)

Income tax Appellate Tribunal ITAT: Follows Maruti, distinguishes Mahagun, to quash Barclays' post-amalgamation assessment

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-29-ITAT-2023(PUN)

Income tax Appellate Tribunal ITAT: Penalty for TDS default initiated after 14 years, beyond reasonable limitation period

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-28-ITAT-2023(DEL)

Income tax Appellate Tribunal ITAT: Invokes MFN Clause to hold management support services not taxable as FTS under India-Belgium DTAA

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-1034-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Sec.54F 'beneficial' provision, substantial compliance sufficient for eligibility

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-25-ITAT-2023(CHNY)

Income tax Appellate Tribunal ITAT: Management Support Services provided by Inter Continental Hotel not FTS

Jan 21, 2023

In Favour of : Assessee
Citation Number : TS-16-ITAT-2023(DEL)

Income tax Appellate Tribunal ITAT: Restricts Sec.54F benefit as sum not duly deposited in capital gains account scheme

Jan 21, 2023

In Favour of : Revenue
Citation Number : TS-24-ITAT-2023(CHNY)

Weekly Digest #2 08 Jan to 14 Jan 2023 5 Rulings

High Court HC: Sets aside reassessment proceedings, absent independent enquiry on GST authorities' report

Jan 14, 2023

In Favour of : Assessee
Citation Number : TS-1020-HC-2022(DEL)

High Court HC: Quashes reassessment proceedings against Vedanta due to Revenue's non-application of mind

Jan 14, 2023

In Favour of : Assessee
Citation Number : TS-1023-HC-2022(DEL)

High Court HC: Allows VsV benefit due to substantial compliance; Delay not attributable to Assessee

Jan 14, 2023

In Favour of : Assessee
Citation Number : TS-1021-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Sets aside revision in Cavinkare's case over eligibility for Sec.35(2AB) deduction

Jan 14, 2023

In Favour of : Assessee
Citation Number : TS-1027-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: License Fee taxable as per revenue recognition policy, over agreement tenure

Jan 14, 2023

In Favour of : Assessee
Citation Number : TS-1024-ITAT-2022(Mum)

Weekly Digest #1 01 Jan to 07 Jan 2023 7 Rulings

High Court HC: Sets aside reassessment proceedings, directs Revenue to furnish underlying information

Jan 07, 2023

In Favour of : Assessee
Citation Number : TS-1007-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: CNN's distribution revenue taxable as business income, not royalty; Follows MAP outcome

Jan 07, 2023

In Favour of : Assessee
Citation Number : TS-1013-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: IT & Admin. Services not taxable as FTS as 'make available' clause not satisfied

Jan 07, 2023

In Favour of : Assessee
Citation Number : TS-1009-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Disallowance of delayed PF deposit not debatable; SC Checkmate ruling applies retrospectively

Jan 07, 2023

In Favour of : Revenue
Citation Number : TS-1005-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Revenue cannot change valuation method for Sec.56(2)(viib) over variation in projected & actual figures

Jan 07, 2023

In Favour of : Assessee
Citation Number : TS-1017-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Repairs incurred to maintain ship unloaders revenue in nature; TDS not applicable on reimbursement

Jan 07, 2023

In Favour of : Assessee
Citation Number : TS-977-ITAT-2022(Kol)

Income tax Appellate Tribunal ITAT: Partner's remuneration as salary, bonus or commission not amenable to Sec.192 TDS

Jan 07, 2023

In Favour of : Both, Partially
Citation Number : TS-03-ITAT-2023(GAU)

Weekly Digest #52 25 Dec to 31 Dec 2022 5 Rulings

High Court HC: Upholds ITAT order quashing revisionary order against Britannia Industries passed sans jurisdictional conditions

Dec 31, 2022

In Favour of : Assessee
Citation Number : TS-996-HC-2022(CAL)

Income tax Appellate Tribunal ITAT: Provision for anticipated loss, deductible expenditure since offered to tax in subsequent years

Dec 31, 2022

In Favour of : Assessee
Citation Number : TS-1000-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Sales tax subsidy received under State Government scheme, non-taxable capital receipt

Dec 31, 2022

In Favour of : Assessee
Citation Number : TS-999-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Recipient's disclosure in ITR sufficient for allowing expenditure to payer despite TDS default

Dec 31, 2022

In Favour of : Assessee
Citation Number : TS-980-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Section 40A(3) disallowance not attracted on cash payment made to agents, basis Rule 6DD(k)

Dec 31, 2022

In Favour of : Assessee
Citation Number : TS-940-ITAT-2022(Ahd)

Weekly Digest #51 18 Dec to 24 Dec 2022 9 Rulings

High Court HC: Natural justice violation sufficient to set aside assessment, despite appellate remedy; Directs re-adjudication

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-985-HC-2022(CAL)

High Court HC: Adjustment in Sec.143(1) intimation due to non-reflection of contingent liability, a rectifiable error

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-982-HC-2022(BOM)

High Court HC: Primary Co-op Society eligible for Sec.80P(2) deduction; Directs Revenue to examine Assessee's status

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-991-HC-2022(MAD)

High Court HC: Existence of information, not source, relevant for deciding validity of reassessment proceedings

Dec 24, 2022

In Favour of : Revenue
Citation Number : TS-978-HC-2022(CHAT)

Income tax Appellate Tribunal ITAT: Seconded employees’ salary reimbursement to Toyoda by Indian AE, not FTS

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-993-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Allows Sec.80JJAA deduction as New Workmen satisfied '300 working days' criteria in succeeding year

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-989-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Beneficial Ownership issue of Google AdWords payments academic, since not taxable as royalty

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-988-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Discards revision for higher profit-attribution from offshore supply, following Revenue's consistent approach

Dec 24, 2022

In Favour of : Assessee
Citation Number : TS-992-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Claim of housing loan interest by legal owner's son, cannot shift capital gain taxability

Dec 24, 2022

In Favour of : Revenue
Citation Number : TS-987-ITAT-2022(Mum)