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Income tax Appellate Tribunal Latest

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-986-ITAT-2021(DEL)
  • Tax Payer : Canon India Pvt. Ltd.
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-984-ITAT-2021(Mum)
  • Tax Payer : Purushotamdas Goenka
High Court

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

Oct 23, 2021
  • In Favour of Revenue
  • Citation Number : TS-985-HC-2021(KAR)
  • Tax Payer : H N Subba Rama Gupta (HUF)
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2021(DEL)
  • Tax Payer : Vocational Education Foundation
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2021(RAI)
  • Tax Payer : Minimax Commerce Pvt Ltd
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2021(Bang)
  • Tax Payer : Flight Raja Travels Pvt. Ltd
High Court

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-957-HC-2021(MAD)
  • Tax Payer : Cognizant Technology Solutions India Private Limited
High Court

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-981-HC-2021(BOM)
  • Tax Payer : Kalpatatru Plus Sharyans
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-973-ITAT-2021(HYD)
  • Tax Payer : Natural Biochemicals and Foods Ltd
Income tax Appellate Tribunal

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

Oct 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-979-ITAT-2021(Mum)
  • Tax Payer : Titan Laboratories Pvt. Ltd
Income tax Appellate Tribunal

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

Oct 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-983-ITAT-2021(Bang)
  • Tax Payer : Infosys BPO LTD
Income tax Appellate Tribunal

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

Oct 22, 2021
  • 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)
Income tax Appellate Tribunal

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

Oct 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2021(DEL)
  • Tax Payer : Rajinder Kumar Aggarwal (HUF)
Income tax Appellate Tribunal

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

Oct 21, 2021
  • In Favour of Revenue
  • Citation Number : TS-978-ITAT-2021(PUN)
  • Tax Payer : Rieter Machine Works Limited
Income tax Appellate Tribunal

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

Oct 21, 2021
  • In Favour of Revenue
  • Citation Number : TS-977-ITAT-2021(DEL)
  • Tax Payer : Ram Chand Baboo Mal & Co
Income tax Appellate Tribunal

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

Oct 21, 2021
  • In Favour of Assessee
  • Citation Number : TS-975-ITAT-2021(Mum)
  • Tax Payer : IDBI Bank Limited
High Court

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

Oct 20, 2021
  • In Favour of Assessee
  • Citation Number : TS-972-HC-2021(MAD)
  • Tax Payer : Precot Meridian Ltd
High Court

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

Oct 20, 2021
  • In Favour of Assessee
  • Citation Number : TS-970-HC-2021(KAR)
  • Tax Payer : Menzies Aviation Bobba (Bangalore) Pvt Ltd
Income tax Appellate Tribunal Most Viewed

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

Oct 19, 2021
  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2021(DEL)
  • Tax Payer : HTL Ltd
Income tax Appellate Tribunal Most Viewed

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

Oct 19, 2021
  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2021(DEL)
  • Tax Payer : Hitachi Metglas (India) Pvt. Ltd