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Rulings ( 13256 results )

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Income tax Appellate Tribunal

ITAT: BVI entity not taxable as Indian business connection remunerated at ALP; Follows Set Satellite

Feb 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2024(Mum)
  • Tax Payer : ATL Media Limited
Income tax Appellate Tribunal

ITAT: Rules on Sec.14A disallowance, expenditure on paintings for Hindustan Times

Feb 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2024(DEL)
  • Tax Payer : The Hindustan Times Ltd.
High Court

HC: Allows VsV benefit as delay attributable to Revenue's computational error & website glitches

Feb 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-57-HC-2024(BOM)
  • Tax Payer : Neelam Ajit Phatarpekar
High Court

HC: Directs fresh consideration of ‘Swachh Bharat Cess’ allowability, claimed as paid

Feb 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-84-HC-2024(DEL)
  • Tax Payer : Matrix Cellular -International- Services Private Limited
High Court

HC: Grants Tupperware TDS-refund since transaction not materialised; Invokes ‘unjust enrichment’ doctrine

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-87-HC-2024(DEL)
  • Tax Payer : Tupperware India Pvt Ltd
Foreign Court

FC: Swiss Apex Court holds, absent corresponding activity, source state cannot tax severance pay

Feb 09, 2024
  • In Favour of Revenue
  • Citation Number : TS-827-FC-2023(SWTZ)
  • Tax Payer : Anonymous
Income tax Appellate Tribunal

ITAT: 'Unlikely recoverable' SPA escrow amount excludible for capital gains computation; Revenue may seek indemnity

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2024(DEL)
  • Tax Payer : Modi Rubber Ltd
High Court

HC: Post-amalgamation assessment not solely based on modified return, invalid; Grants liberty to reassess

Feb 08, 2024
  • In Favour of Revenue
  • Citation Number : TS-64-HC-2024(MAD)
  • Tax Payer : Pallava Textiles Private Limited
Supreme Court

SC: Dismisses Revenue's SLP on 'pre-2002 unabsorbed depreciation' allowability beyond 8 years

Feb 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-79-SC-2024
  • Tax Payer : Hindustan Antibiotics Limited
High Court

HC: Interest on admitted refund is nation's loss; Asks Dept. to issue refunds promptly

Feb 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-77-HC-2024(BOM)
  • Tax Payer : Macrotech Developers Limited
High Court

HC: Quashes reassessment proceedings against Godrej Projects on share premium received from Mauritian investor

Feb 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-59-HC-2024(BOM)
  • Tax Payer : Godrej Projects Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Microfinancing with exorbitant interest rate & profit intent, not charitable activity; Rejects Sec.11 exemption

Feb 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2024(Bang)
  • Tax Payer : Sanghamitra Rural Financial Services
Supreme Court

SC: Revenue to refund 'TDS-refund' borne by Stakeholders Committee of company under CIRP

Feb 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-73-SC-2024
  • Tax Payer : R.K. Industries (Unit-Ii) LLP
Supreme Court

SC: Copy of order dismissing Revenue’s SLP in Bharti Airtel’s case

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-71-SC-2024
  • Tax Payer : Bharti Airtel Limited
High Court

HC: TPO’s interdiction post DRP order unwarranted; Quashes assessment, penalty proceedings

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-70-HC-2024(DEL)
  • Tax Payer : Louis Dreyfus Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Draft order mandatory despite Assessee's waiver on filing DRP-objections; Quashes assessment

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2024(Mum)
  • Tax Payer : Welspun Global Brands Ltd
High Court

HC: HSBC Mauritius eligible for securities' interest exemption under Art.11(3)(c), RBI licence no prerequisite

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-69-HC-2024(BOM)
  • Tax Payer : HSBC Bank (Mauritius) Ltd
Supreme Court

SC: Dismisses Revenue's SLP against ‘net interest expense’ allowability under Sec.80-IAB

Feb 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-66-SC-2024
  • Tax Payer : Adani Ports And Special Economic Zone
Supreme Court

SC: Orders ‘natural consequences’ once subsidy held as capital receipt; Follows Munjal Auto

Feb 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-65-SC-2024
  • Tax Payer : Sunbeam Auto Pvt. Ltd
Income tax Appellate Tribunal

ITAT: KYC discrepancies of co-operative society not incriminating material, actionable under relevant laws

Feb 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2024(Mum)
  • Tax Payer : Renukamata Multi–State Co–operative Society Ltd