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Rulings ( 13729 results )
High Court
HC: SCN based on incorrect information, new charge cannot be added to salvage reassessment; Quashes reassessment
Aug 06, 2024
- In Favour of Assessee
- Citation Number : TS-566-HC-2024(DEL)
- Tax Payer : Banyan Real Estate Fund Mauritius
High Court
HC: Date of satisfaction note relevant for computing block assessment period u/Sec.153C; Search assessment unsustainable
Aug 06, 2024
- In Favour of Assessee
- Citation Number : TS-564-HC-2024(DEL)
- Tax Payer : Karina Airlines International Ltd
Income tax Appellate Tribunal
ITAT: Capital gains on transfer of rights not taxable u/sec.9 as situs of capital asset not in India
Aug 05, 2024
- In Favour of Assessee
- Citation Number : TS-563-ITAT-2024(DEL)
- Tax Payer : Nikesh Arora
Income tax Appellate Tribunal
ITAT: Deletes addition towards cash deposits during demonitization period, based on suspicion, conjecture & surmises
Aug 05, 2024
- In Favour of Assessee
- Citation Number : TS-562-ITAT-2024(DEL)
- Tax Payer : Vijay Kumar Jain
Income tax Appellate Tribunal
ITAT: Reassessment notice time barred & below prescribed limit as introduced by Finance Act, 2021
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-542-ITAT-2024(CHNY)
- Tax Payer : Hyundai Transys INC
Income tax Appellate Tribunal
ITAT: No prejudice to Revenue if audit report submitted on demand, grants exemption u/Sec.12A
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-526-ITAT-2024(DEL)
- Tax Payer : Ram Chameli Chadha Vishwas Girls College Society
Income tax Appellate Tribunal
ITAT: Disallows bad debts provision as irrecoverable from overseas entity sans statutory approval from RBI
Aug 03, 2024
- In Favour of Revenue
- Citation Number : TS-559-ITAT-2024(CHNY)
- Tax Payer : Vaasautomation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Reference to DVO for roving enquiries without rejecting Assessee’s books not valid; Deletes addition u/s.69
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-561-ITAT-2024(PUN)
- Tax Payer : Royal Estates
High Court
HC: Sets aside reassessment proceedings over disparity between Sec.148A(d) order & Sec.148A(b) notice; Expln 3 to Sec.147 inapplicable
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-560-HC-2024(DEL)
- Tax Payer : ATS Infrastructure Limited
Foreign Court
FC: UK Tribunal lays down POEM test criteria for Trusts
Aug 02, 2024
- In Favour of Revenue
- Citation Number : TS-556-FC-2024(UK)
- Tax Payer : Geoffrey Richard Haworth, Ian Francis Lenagan, SG Kleinwort Hambros Trust Company (UK) Limited
High Court
HC: Quashes Revenue’s third attempt to re-open assessment, barred by limitation u/Sec. 149(1)(b)
Aug 02, 2024
- In Favour of Assessee
- Citation Number : TS-558-HC-2024(DEL)
- Tax Payer : Manju Somani
High Court
HC: Electronically generated information u/s 135A must be verified prior to issuance of notice u/s 148
Aug 02, 2024
- In Favour of Assessee
- Citation Number : TS-551-HC-2024(BOM)
- Tax Payer : Benaifer Vispi Patel
Income tax Appellate Tribunal
ITAT: SanDisk India not Western Digital’s DAPE for pre-acquisition period, sans any business connection
Aug 01, 2024
- In Favour of Assessee
- Citation Number : TS-555-ITAT-2024(Bang)
- Tax Payer : Western Digital Technologies Inc.
Income tax Appellate Tribunal
ITAT: ITAT: Employee contribution for NPS made prior to return, allowable as no due date prescribed
Aug 01, 2024
- In Favour of Assessee
- Citation Number : TS-550-ITAT-2024(Ahd)
- Tax Payer : Adani Petronet (Dahej) Port Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.69C additions sans enquiry in abated AYs; Deletes Sec.68 additions as unwarranted
Jul 31, 2024
- In Favour of Assessee
- Citation Number : TS-552-ITAT-2024(NAG)
- Tax Payer : Radha Madhav Developers
Income tax Appellate Tribunal
ITAT: Penalty leviable basis independent categorical finding by AO; CBDT circular is procedural guideline
Jul 31, 2024
- In Favour of Assessee
- Citation Number : TS-544-ITAT-2024(DEL)
- Tax Payer : Vishwanath Aggarwal
High Court
HC: ITAT directed AO to consider issue afresh, cannot disregard citing CBDT circular, remands matter
Jul 31, 2024
- In Favour of Assessee
- Citation Number : TS-549-HC-2024(DEL)
- Tax Payer : Mitsubishi Corporation
Supreme Court
SC: Engineering Analysis law of land post review petition dismissal in GE; Dismisses Dept. SLP
Jul 30, 2024
- In Favour of Assessee
- Citation Number : TS-547-SC-2024
- Tax Payer : Vodafone Idea Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Rejects DAPE existence & profit attribution sans fulfilment of pre-requisites of Article 5(7) of Indo-Japan DTAA
Jul 30, 2024
- In Favour of Assessee
- Citation Number : TS-546-ITAT-2024(DEL)
- Tax Payer : ITOCHU Corporation
High Court
HC: Upholds prosecution despite ITAT exonerating for suppressing income, criminal proceedings parameters different
Jul 30, 2024
- In Favour of Revenue
- Citation Number : TS-545-HC-2024(CAL)
- Tax Payer : Bachhraj Bamalwa