Rulings ( 11418 results )

HC: Reassessment disallowing provision for prior period interest unjustified sans 'fresh tangible material'

  • 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.)

HC: No time-limit prescribed for filing compounding application

  • In Favour of Assessee
  • Citation Number : TS-300-HC-2024(DEL)
  • Tax Payer : Earthcon Constructions Private Limited & Anr.

ITAT: Sec.68 addition unjustified basis lender's source accepted by AO

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2024(DEL)
  • Tax Payer : Devki Nandan Maheshwari

ITAT: Sec. 244A interest on increased refund eligible from start of AY

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2024(Kol)
  • Tax Payer : SREI Infrastructure Finance Ltd

HC: Quashes JAO’s reassessment notice issued post-Ashish Agarwal; Agrees with Telangana HC on Sec.151A

  • In Favour of Assessee
  • Citation Number : TS-298-HC-2024(BOM)
  • Tax Payer : Hexaware Technologies Limited

ITAT: Rejects taxability under Sec.44BB sans PE in India; Distinguishes SC judgment in ONGC

  • In Favour of Assessee
  • Citation Number : TS-296-ITAT-2024(DEL)
  • Tax Payer : Computer Modelling Group Ltd

FC: Swiss Court holds exchange of information linked to stolen data allowable under DTAA

  • In Favour of Assessee
  • Citation Number : TS-294-FC-2024(SWTZ)
  • Tax Payer : L

ITAT: Expounds on Sec.80G registration framework; Directs CIT(E) to re-examine Red Cross Society’s application

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2024(CHANDI)
  • Tax Payer : Indian Red Cross Society

HC: Directs Revenue to redo assessment since Sec.144C wrongly invoked, saves limitation

  • In Favour of Assessee
  • Citation Number : TS-291-HC-2024(BOM)
  • Tax Payer : Aldrin Alberto Araujo Soares

ITAT: NCD-redemption premium taxable under Other Sources as interest, not Capital Gains

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2024(Mum)
  • Tax Payer : Khushaal C. Thackersey

ITAT: TDS-default penalty time barred; Limitation reckonable from reference date, not SCN

  • In Favour of Both, Partially
  • Citation Number : TS-292-ITAT-2024(DEL)
  • Tax Payer : Turner General Entertainment Networks India Pvt. Ltd

ITAT: Consultancy fee not taxable sans proof of presence of PE / fixed base in India

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2024(Mum)
  • Tax Payer : Arun Rangachari

ITAT: Sec.11 exemption allowable despite belated return, follows CBDT Circulars

  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2024(SUR)
  • Tax Payer : Sant Shri Asharamji Gurukul

HC: Quashes Foreign Co.'s reassessment proceedings over investment in Indian subsidiary; Follows Angelantoni judgment

  • In Favour of Assessee
  • Citation Number : TS-286-HC-2024(DEL)
  • Tax Payer : Telenor South Asia Investment Pte Ltd

HC: Reassessment basis DRI information & Shah Commission Report unsustainable sans independent application of mind

  • In Favour of Assessee
  • Citation Number : TS-285-HC-2024(BOM)
  • Tax Payer : Balaji Mines And Minerals Pvt. Ltd

HC: Sec.148 not invocable to collect third party’s evidence; Quashes post-CIRP notice

  • In Favour of Assessee
  • Citation Number : TS-284-HC-2024(BOM)
  • Tax Payer : Patanjali Foods Ltd. (formerly known as Ruchi Soya Industries Ltd.)

HC: Upholds ‘round tripping’ of funds basis preponderance of probability, investors’ lacking genuineness & creditworthiness

  • In Favour of Revenue
  • Citation Number : TS-277-HC-2024(CAL)
  • Tax Payer : BST Infratech Limited

HC: Benami Act proceedings initiated basis uncorroborated statement, non-est & void

  • In Favour of Assessee
  • Citation Number : TS-280-HC-2024(ALL)
  • Tax Payer : Meera Pandey

ITAT: Land acquisition compensation under State Acts taxable; Rejects ‘Sec.96 RFCTLARR Act’ exemption plea

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2024(CHNY)
  • Tax Payer : Mathaiyan Saravanakumar

ITAT: Higher depreciation allowable on leasing machinery since accepted as mode of business

  • In Favour of Assessee
  • Citation Number : TS-281-ITAT-2024(DEL)
  • Tax Payer : Quippo Energy (P) Ltd