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Rulings ( 13729 results )
Income tax Appellate Tribunal
ITAT: MMR applies to resident company share as AOP share determinate, higher rate for foreign company
Aug 22, 2024
- In Favour of Assessee
- Citation Number : TS-605-ITAT-2024(DEL)
- Tax Payer : JV of TATA Projects Limited and Chint Electric Company Ltd
Prohibition of Benami Property Transactions Appellate Tribunal
PBPTAT: Holds property not benami since held in fiduciary capacity; Refuses to confirm provisional attachment
Aug 22, 2024
- In Favour of Assessee
- Citation Number : TS-604-PBPTAT-2024(DEL)
- Tax Payer : Sivashankari & Anr
Income tax Appellate Tribunal
ITAT: Payments to CDB eligible for benefits u/Article 11(3) of China DTAA, Tata not 'Assessee in default'
Aug 21, 2024
- In Favour of Assessee
- Citation Number : TS-603-ITAT-2024(DEL)
- Tax Payer : Tata Teleservices Ltd
Income tax Appellate Tribunal
ITAT: Penalty u/sec.271(1)(c) untenable, AO accepted income declared through revised return
Aug 21, 2024
- In Favour of Assessee
- Citation Number : TS-602-ITAT-2024(Mum)
- Tax Payer : Rohit Chatterji
High Court
HC: Quashes DRP order directing addition u/Sec. 56(2)(viib), remits matter for fresh adjudication
Aug 21, 2024
- In Favour of Assessee
- Citation Number : TS-601-HC-2024(DEL)
- Tax Payer : FIS Payment Solutions And Services India Private Limited
Income tax Appellate Tribunal
ITAT: Only trust comprising of all individual beneficiaries, not liable to tax at maximum marginal rate
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-599-ITAT-2024(Ahd)
- Tax Payer : Pashiben Prajapati Family Trust(DISC)
Prohibition of Benami Property Transactions Appellate Tribunal
PBPTAT: Acquisition of property from illicit income considered as 'Benami transaction'; Allows department's appeal
Aug 20, 2024
- In Favour of Revenue
- Citation Number : TS-598-PBPTAT-2024(DEL)
- Tax Payer : Domendra Dhariwal & Anr
High Court
HC: Bombay HC torches AO for unconscionable conduct, disregarding binding judgment; Slaps Rs.25,000 fine
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-597-HC-2024(BOM)
- Tax Payer : Samp Furniture Pvt. Ltd
High Court
HC: Circulars/Instructions supplement not supplant statutory provisions, quashes Sec.148 notice
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-577-HC-2024(P & H)
- Tax Payer : Jatinder Singh Bhangu
High Court
HC: HC: E-auction bid amount does not constitute Assessee’s income, erroneous view, quashes reassessment
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-596-HC-2024(DEL)
- Tax Payer : Vedanta Limited
Income tax Appellate Tribunal
ITAT: Interest income ‘attributable’ to carrying on ‘cottage business’, allowable as Sec.80P(2) deduction
Aug 17, 2024
- In Favour of Assessee
- Citation Number : TS-591-ITAT-2024(CHNY)
- Tax Payer : Potheri Village Weaning Food
High Court
HC: HC: Objections to issuance of notice u/Sec.148 invalid in accordance with Sec.292BB
Aug 17, 2024
- In Favour of Revenue
- Citation Number : TS-595-HC-2024(MAD)
- Tax Payer : K P S Enterprises a partnership firm
Income tax Appellate Tribunal
ITAT: Advertisement expenses claimed by Hospital violates Indian Medical Council Regulations, 2002
Aug 17, 2024
- In Favour of Revenue
- Citation Number : TS-587-ITAT-2024(VIZ)
- Tax Payer : Chalasani Hospitals (P.) Ltd
Income tax Appellate Tribunal
ITAT: Professional fees paid by KPMG to independent consultant not FTS or business income sans PE
Aug 17, 2024
- In Favour of Assessee
- Citation Number : TS-594-ITAT-2024(Mum)
- Tax Payer : KPMG Assurance and Consulting Services LLP
Income tax Appellate Tribunal
ITAT: Expenditure in foreign currency for technical services outside India, not part of ‘export turnover’ u/Sec.10AA
Aug 17, 2024
- In Favour of Assessee
- Citation Number : TS-592-ITAT-2024(Bang)
- Tax Payer : IBM Global Services India Private Ltd.
Foreign Court
FC: France Supreme Court holds Income Classification under Treaty Guided by Substance of Transaction vis-à-vis Form
Aug 16, 2024
- In Favour of Revenue
- Citation Number : TS-843-FC-2023(FRN)
- Tax Payer : BNP Paribas (SA)
High Court
HC: Failure to digitally upload the Audit Report with return, not destructive; Quashes reassessment
Aug 16, 2024
- In Favour of Assessee
- Citation Number : TS-593-HC-2024(DEL)
- Tax Payer : Shree Bhavani Power Projects Pvt. Ltd
High Court
HC: Invokes ‘notional’ income theory to resolve ESOP taxation controversy in assessee’s favour
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-590-HC-2024(DEL)
- Tax Payer : Ravi Kumar Sinha
High Court
HC: Assessment notices issued pursuant to ITAT’s remit order time barred u/Sec.153(3); Quashes notice
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-589-HC-2024(DEL)
- Tax Payer : Ramesh Chawla (HUF)
High Court
HC: Bombay HC tells Revenue - Let SC decide Shelf Drilling controversy
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-588-HC-2024(BOM)
- Tax Payer : PayPal Payments