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Rulings ( 13729 results )
High Court
HC: Eligible for VsV benefit, despite reclassification as no MSME, clause 8(5) of Notification specifying eligibility
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-586-HC-2024(BOM)
- Tax Payer : Marine Electricals India Ltd
High Court
HC: Faceless assessment procedure mandatory for all Assessees, including NRI; Quashes assessment proceedings
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-557-HC-2024(TEL)
- Tax Payer : Venkataramana Reddy Patloola
High Court
HC: Interest receipts from NCDs of Indian AE not subject to DDT; Quashes reassessment proceedings
Aug 13, 2024
- In Favour of Assessee
- Citation Number : TS-585-HC-2024(DEL)
- Tax Payer : Genpact Luxembourg S.A.R.L.
High Court
HC: No interference required as Settlement Commission order well reasoned with objective of settlement
Aug 13, 2024
- In Favour of Assessee
- Citation Number : TS-584-HC-2024(KAR)
- Tax Payer : Umah Agarwal
High Court
HC: Shares subscribed from inward remittances is ‘Capital Account Transaction’, no income accrued in India
Aug 13, 2024
- In Favour of Assessee
- Citation Number : TS-583-HC-2024(DEL)
- Tax Payer : Tosca Master
High Court
HC: HC: Compensation for ESOP value diminution a perquisite; Distinguishes Delhi HC
Aug 12, 2024
- In Favour of Assessee
- Citation Number : TS-582-HC-2024(MAD)
- Tax Payer : Nishithkumar Mukeshkumar Mehta
Income tax Appellate Tribunal
ITAT: Disallowance u/Sec.14A cannot exceed exempt income, partly allows Assessee's appeal
Aug 10, 2024
- In Favour of Assessee
- Citation Number : TS-579-ITAT-2024(Mum)
- Tax Payer : Morgan Stanley India Company Ltd
Income tax Appellate Tribunal
ITAT: Revenue not entitled to change share valuation method adopted by Assessee; Deletes addition u/s56(2)(viib)
Aug 10, 2024
- In Favour of Assessee
- Citation Number : TS-570-ITAT-2024(Bang)
- Tax Payer : Pisces EServices Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Refuses to condone 359 days delay, lacked sufficient cause, Assessee acted negligently
Aug 10, 2024
- In Favour of Revenue
- Citation Number : TS-565-ITAT-2024(Bang)
- Tax Payer : ABS Fujitsu General Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s 271(1)(c) as revised income accepted during assessment; Relies on Pushpendra Surana
Aug 10, 2024
- In Favour of Assessee
- Citation Number : TS-573-ITAT-2024(JPR)
- Tax Payer : Ajoy Sharma
Supreme Court
SC: Copy of SC order dismissing MFN review petitions
Aug 09, 2024
- In Favour of Revenue
- Citation Number : TS-581-SC-2024
- Tax Payer : Nestle SA
Income tax Appellate Tribunal
ITAT: Professional services receipt by EY US not FIS sans fulfilment of ‘make available’ criteria
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-580-ITAT-2024(DEL)
- Tax Payer : Ernst And Young U.S. LLP
Income tax Appellate Tribunal
ITAT: Third Member concurs with JM, search on directors cannot be construed as valid search on company
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-578-ITAT-2024(Bang)
- Tax Payer : Blueline Foods (India) Pvt. Ltd
Foreign Court
FC: Australia Full Court rules that Embedded Intellectual Property not taxable as 'Royalty'
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-575-FC-2024(AUS)
- Tax Payer : PepsiCo, Inc and Stokely-Van Camp, Inc
High Court
HC: Quashes reassessment notices & order passed contrary to notified mandatory faceless procedure u/Sec.151A
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-576-HC-2024(BOM)
- Tax Payer : Kairos Properties Private Limited
High Court
HC: Upholds ITAT’s dismissal of Revenue’s appeal on ground of lower tax effect, case out of exception
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-574-HC-2024(GUJ)
- Tax Payer : N K Industries Ltd
High Court
HC: Consideration received not taxable as 'profits in lieu of salary' but capital gains, not employment related
Aug 08, 2024
- In Favour of Assessee
- Citation Number : TS-572-HC-2024(DEL)
- Tax Payer : Akash Poddar
High Court
HC: Quashes reassessment basis Assessee’s failure to electronically submit Form10 within limitation, mere procedure
Aug 08, 2024
- In Favour of Assessee
- Citation Number : TS-571-HC-2024(DEL)
- Tax Payer : The Associated Chambers Of Commerce And Industry Of India
Income tax Appellate Tribunal
ITAT: DDT by domestic entity on dividend to foreign company not entitled to DTAA benefit
Aug 07, 2024
- In Favour of Revenue
- Citation Number : TS-569-ITAT-2024(PUN)
- Tax Payer : Piaggio Vehicles Private Limited
Income tax Appellate Tribunal
ITAT: ITAT: Commission received for marketing and sales services not FTS u/Sec.9(1)(vii) or DTAA
Aug 07, 2024
- In Favour of Assessee
- Citation Number : TS-568-ITAT-2024(Bang)
- Tax Payer : Steer America Inc.