Rulings ( 9093 results )

ITAT: Allows Canon India’s claim of FTC for entire sum withheld in Japan; Follows HCL Comnet ruling

  • In Favour of Assessee
  • Citation Number : TS-986-ITAT-2021(DEL)
  • Tax Payer : Canon India Pvt. Ltd.

ITAT: Property intended to be let out but lying vacant, eligible for vacancy allowance u/s 23(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-984-ITAT-2021(Mum)
  • Tax Payer : Purushotamdas Goenka

HC: Rejects HUF's appeal over addition of amounts held by Karta/Member as purely factual question

  • In Favour of Revenue
  • Citation Number : TS-985-HC-2021(KAR)
  • Tax Payer : H N Subba Rama Gupta (HUF)

ITAT: Surplus ploughed back for educational purposes, holds Assessee eligible for exemption u/s 11

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2021(DEL)
  • Tax Payer : Vocational Education Foundation

ITAT: Assessment order made with complete lack of jurisdiction, not revisable u/s 263

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2021(RAI)
  • Tax Payer : Minimax Commerce Pvt Ltd

ITAT: Loss on investment in shares not meant for business expansion, capital in nature

  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2021(Bang)
  • Tax Payer : Flight Raja Travels Pvt. Ltd

HC: Quashes Cognizant’s reassessment proceedings based on change of opinion

  • In Favour of Assessee
  • Citation Number : TS-957-HC-2021(MAD)
  • Tax Payer : Cognizant Technology Solutions India Private Limited

HC: Quashes reassessment proceedings against Kalpataru over insufficiency of reasons, follows recent ruling in Ananta Landmark

  • In Favour of Assessee
  • Citation Number : TS-981-HC-2021(BOM)
  • Tax Payer : Kalpatatru Plus Sharyans

ITAT: Depreciation on assets kept 'ready to use' allowable during temporary suspension of business

  • In Favour of Assessee
  • Citation Number : TS-973-ITAT-2021(HYD)
  • Tax Payer : Natural Biochemicals and Foods Ltd

ITAT: Subsequent approval by prescribed authority sufficient for claiming deduction u/s 35(2AB)

  • In Favour of Assessee
  • Citation Number : TS-979-ITAT-2021(Mum)
  • Tax Payer : Titan Laboratories Pvt. Ltd

ITAT: Fees paid to Polish law firm not taxable in India, follows Linklaters ruling

  • In Favour of Assessee
  • Citation Number : TS-983-ITAT-2021(Bang)
  • Tax Payer : Infosys BPO LTD

ITAT: Denies profit-attribution as transactions at ALP for ESPN Mauritius; Holds no business-connection or PE in India

  • In Favour of Assessee
  • Citation Number : TS-982-ITAT-2021(DEL)
  • Tax Payer : ESPN Star Sports Mauritius S.N.C et Compagnie (now known as ESS Advertising (Mauritius) S.N.C. et Compagnie)

ITAT: Export commission not FTS under India-France DTAA; Invokes MFN Clause, follows Steria ruling

  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2021(DEL)
  • Tax Payer : Rajinder Kumar Aggarwal (HUF)

ITAT: Holds receipts from IT services taxable for Swiss Co.; Rejects reimbursement, software payments plea

  • In Favour of Revenue
  • Citation Number : TS-978-ITAT-2021(PUN)
  • Tax Payer : Rieter Machine Works Limited

ITAT: Assessment completed in 3 months not sufficient cause to invoke Rule 46A for filing creditors’ confirmation

  • In Favour of Revenue
  • Citation Number : TS-977-ITAT-2021(DEL)
  • Tax Payer : Ram Chand Baboo Mal & Co

ITAT: Adjustment of prior refund against interest or tax component of new refund, highly debatable; Not rectifiable u/s 154

  • In Favour of Assessee
  • Citation Number : TS-975-ITAT-2021(Mum)
  • Tax Payer : IDBI Bank Limited

HC: Condones Assessee’s delay in filing/representing appeal, gives primacy to substantial questions of law

  • In Favour of Assessee
  • Citation Number : TS-972-HC-2021(MAD)
  • Tax Payer : Precot Meridian Ltd

HC: Cargo Handling Services at airport falls under ‘infrastructure facility' u/s 80-IA(4); Holds contractor eligible for deduction

  • In Favour of Assessee
  • Citation Number : TS-970-HC-2021(KAR)
  • Tax Payer : Menzies Aviation Bobba (Bangalore) Pvt Ltd

ITAT: Allows invocation of Rule 27 to raise jurisdictional grounds on validity of assessment u/s 153C

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2021(DEL)
  • Tax Payer : HTL Ltd

ITAT: Standard automated services received over internet not FTS u/s 9(1)(vii); Follows Skycell & Bharati Cellular

  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2021(DEL)
  • Tax Payer : Hitachi Metglas (India) Pvt. Ltd