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Rulings ( 11400 results )
Income tax Appellate Tribunal
Latest
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
High Court
HC: Condones 1257 days delay in Form 10B filing due to professional’s oversight & inadvertent error
Apr 27, 2024
- In Favour of Assessee
- Citation Number : TS-278-HC-2024(BOM)
- Tax Payer : Al Jamia Mohammediyah Education Society
Income tax Appellate Tribunal
ITAT: Unrecorded asset prerequisite for Sec. 69 trigger; Sec. 69B addition unjustified sans expenditure proof
Apr 27, 2024
- In Favour of Assessee
- Citation Number : TS-272-ITAT-2024(Mum)
- Tax Payer : Abalabba Developers Pvt. Ltd
High Court
HC: Absence of Sec. 9(1)(vii) conditions, routine business expenditure reimbursement not FTS
Apr 27, 2024
- In Favour of Assessee
- Citation Number : TS-271-HC-2024(DEL)
- Tax Payer : Jas Forwarding Pvt. Ltd
Foreign Court
FC: Dutch Court holds MAP-based treaty interpretation not invocable against taxpayer’s interest
Apr 26, 2024
- In Favour of Assessee
- Citation Number : TS-837-FC-2023
- Tax Payer : Anonymous
Income tax Appellate Tribunal
ITAT: Returns post-Sec.153A notices deemed as returns under Sec.139(1), fresh claims permissible
Apr 26, 2024
- In Favour of Assessee
- Citation Number : TS-279-ITAT-2024(Mum)
- Tax Payer : Patanjali Foods Ltd (Formerly known as Ruchi Soya Industries Ltd)
Income tax Appellate Tribunal
ITAT: Remits profit attribution of income to PE from composite contract, rejects ad hoc addition
Apr 25, 2024
- In Favour of Both, Partially
- Citation Number : TS-275-ITAT-2024(DEL)
- Tax Payer : J.M. Voith SE & Co. KG (Earlier Voith Paper GmbH & Co. KG)
Supreme Court
SC: SC dismisses software taxation review petition of Revenue, cites both delay & merits
Apr 24, 2024
- In Favour of Assessee
- Citation Number : TS-276-SC-2024
- Tax Payer : GE India Technology Centre Private Limited Etc
High Court
HC: Absent mens rea, upholds acquittal against prosecution for delayed ITR-filing
Apr 24, 2024
- In Favour of Assessee
- Citation Number : TS-274-HC-2024(RAJ)
- Tax Payer : Rajendra Prasad Vaish
Income tax Appellate Tribunal
ITAT: Tax on notional rent for stock-in-trade prospective; Allows vacancy allowance
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-270-ITAT-2024(Mum)
- Tax Payer : Mack Star Marketing Private Limited
Income tax Appellate Tribunal
ITAT: Rejects ‘secret process’ plea for taxability of IUC charges as royalty
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2024(Bang)
- Tax Payer : KDDI Corporation
Income tax Appellate Tribunal
ITAT: Penalty order for ‘misreporting’ of income unjustified when notice is for ‘under-reporting’
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-260-ITAT-2024(HYD)
- Tax Payer : Mohd. Sarwar
Income tax Appellate Tribunal
ITAT: Section 80G renewal application filed by existing trust within Sept 30, 2023 is within time
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2024(CHNY)
- Tax Payer : Teddy Trust
High Court
HC: ITSC’s jurisdiction ousted sans fulfilment of full and true disclosure test
Apr 20, 2024
- In Favour of Revenue
- Citation Number : TS-255-HC-2024(DEL)
- Tax Payer : Pankaj Buildwell Ltd
High Court
HC: Purchases’ disallowance unjustified sans proof of bogus purchases & rejection of sales
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-269-HC-2024(BOM)
- Tax Payer : Max Flex and Imaging Systems Ltd
High Court
HC: Curtains are down for claims pertaining to pre-resolution plan approval period, once approved
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-268-HC-2024(DEL)
- Tax Payer : M Tech Developers Pvt. Ltd
Foreign Court
FC: Swiss Court holds document title not decisive of 'unauthorized spontaneous exchange of information’
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-836-FC-2023(SWTZ)
- Tax Payer : A
Income tax Appellate Tribunal
ITAT: Receipts from licensing 'object code version' of proprietary software not royalty
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-265-ITAT-2024(DEL)
- Tax Payer : Saxo Bank A/S
High Court
HC: Rejects tax-withholding higher than prior years' since finding on profit attribution left unquestioned
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-263-HC-2024(DEL)
- Tax Payer : GE Energy Parts Inc