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High Court
Latest
HC: Reassessment disallowing provision for prior period interest unjustified sans 'fresh tangible material'
May 04, 2024
- In Favour of Assessee
- Citation Number : TS-290-HC-2024(BOM)
- Tax Payer : HDFC Bank Ltd. (Successor to Business of Centurion Bank of Punjab Ltd.)
High Court
HC: No time-limit prescribed for filing compounding application
May 04, 2024
- In Favour of Assessee
- Citation Number : TS-300-HC-2024(DEL)
- Tax Payer : Earthcon Constructions Private Limited & Anr.
Income tax Appellate Tribunal
ITAT: Sec.68 addition unjustified basis lender's source accepted by AO
May 04, 2024
- In Favour of Assessee
- Citation Number : TS-299-ITAT-2024(DEL)
- Tax Payer : Devki Nandan Maheshwari
Income tax Appellate Tribunal
ITAT: Sec. 244A interest on increased refund eligible from start of AY
May 04, 2024
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2024(Kol)
- Tax Payer : SREI Infrastructure Finance Ltd
High Court
HC: Quashes JAO’s reassessment notice issued post-Ashish Agarwal; Agrees with Telangana HC on Sec.151A
May 03, 2024
- In Favour of Assessee
- Citation Number : TS-298-HC-2024(BOM)
- Tax Payer : Hexaware Technologies Limited
Income tax Appellate Tribunal
ITAT: Rejects taxability under Sec.44BB sans PE in India; Distinguishes SC judgment in ONGC
May 03, 2024
- In Favour of Assessee
- Citation Number : TS-296-ITAT-2024(DEL)
- Tax Payer : Computer Modelling Group Ltd
Foreign Court
FC: Swiss Court holds exchange of information linked to stolen data allowable under DTAA
May 03, 2024
- In Favour of Assessee
- Citation Number : TS-294-FC-2024(SWTZ)
- Tax Payer : L
Income tax Appellate Tribunal
ITAT: Expounds on Sec.80G registration framework; Directs CIT(E) to re-examine Red Cross Society’s application
May 03, 2024
- In Favour of Assessee
- Citation Number : TS-295-ITAT-2024(CHANDI)
- Tax Payer : Indian Red Cross Society
High Court
HC: Directs Revenue to redo assessment since Sec.144C wrongly invoked, saves limitation
May 03, 2024
- In Favour of Assessee
- Citation Number : TS-291-HC-2024(BOM)
- Tax Payer : Aldrin Alberto Araujo Soares
Income tax Appellate Tribunal
ITAT: NCD-redemption premium taxable under Other Sources as interest, not Capital Gains
May 02, 2024
- In Favour of Assessee
- Citation Number : TS-293-ITAT-2024(Mum)
- Tax Payer : Khushaal C. Thackersey
Income tax Appellate Tribunal
ITAT: TDS-default penalty time barred; Limitation reckonable from reference date, not SCN
May 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-292-ITAT-2024(DEL)
- Tax Payer : Turner General Entertainment Networks India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Consultancy fee not taxable sans proof of presence of PE / fixed base in India
May 02, 2024
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2024(Mum)
- Tax Payer : Arun Rangachari
Income tax Appellate Tribunal
ITAT: Sec.11 exemption allowable despite belated return, follows CBDT Circulars
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-287-ITAT-2024(SUR)
- Tax Payer : Sant Shri Asharamji Gurukul
High Court
HC: Quashes Foreign Co.'s reassessment proceedings over investment in Indian subsidiary; Follows Angelantoni judgment
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-286-HC-2024(DEL)
- Tax Payer : Telenor South Asia Investment Pte Ltd
High Court
HC: Reassessment basis DRI information & Shah Commission Report unsustainable sans independent application of mind
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-285-HC-2024(BOM)
- Tax Payer : Balaji Mines And Minerals Pvt. Ltd
High Court
HC: Sec.148 not invocable to collect third party’s evidence; Quashes post-CIRP notice
Apr 29, 2024
- In Favour of Assessee
- Citation Number : TS-284-HC-2024(BOM)
- Tax Payer : Patanjali Foods Ltd. (formerly known as Ruchi Soya Industries Ltd.)
High Court
HC: Upholds ‘round tripping’ of funds basis preponderance of probability, investors’ lacking genuineness & creditworthiness
Apr 29, 2024
- In Favour of Revenue
- Citation Number : TS-277-HC-2024(CAL)
- Tax Payer : BST Infratech Limited
High Court
HC: Benami Act proceedings initiated basis uncorroborated statement, non-est & void
Apr 29, 2024
- In Favour of Assessee
- Citation Number : TS-280-HC-2024(ALL)
- Tax Payer : Meera Pandey
Income tax Appellate Tribunal
ITAT: Land acquisition compensation under State Acts taxable; Rejects ‘Sec.96 RFCTLARR Act’ exemption plea
Apr 27, 2024
- In Favour of Assessee
- Citation Number : TS-282-ITAT-2024(CHNY)
- Tax Payer : Mathaiyan Saravanakumar
Income tax Appellate Tribunal
ITAT: Higher depreciation allowable on leasing machinery since accepted as mode of business
Apr 27, 2024
- In Favour of Assessee
- Citation Number : TS-281-ITAT-2024(DEL)
- Tax Payer : Quippo Energy (P) Ltd