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Rulings ( 13730 results )

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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
Income tax Appellate Tribunal

ITAT: ITAT: Not conclusive, but TRC ‘statutory’ evidence of residency; Shifts burden on AO

Jul 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2024(DEL)
  • Tax Payer : Tiger Global Eight Holdings
Income tax Appellate Tribunal

ITAT: ITAT: Consideration received for services not FIS u/Article 12 of India-US DTAA; Follows De Beers & GE Energy

Jul 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2024(CHNY)
  • Tax Payer : Visteon Corporation
High Court

HC: Restores matters on search validity, violation of 'right to privacy' u/Articles 21 & 265 of Constitution of India

Jul 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-540-HC-2024(MAD)
  • Tax Payer : SNJ Breweries Pvt. Ltd
High Court

HC: Assessee engaged in charitable activity, skilling underprivileged youth, eligible for Sec.11 exemption

Jul 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-539-HC-2024(DEL)
  • Tax Payer : NIIT Foundation
High Court

HC: Quashes reassessment proceedings for non-compliance with Sec.151A as invalid

Jul 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-530-HC-2024(BOM)
  • Tax Payer : Paras Mahendra Shah
Income tax Appellate Tribunal

ITAT: Allows discount on ESOP to Axis Bank u/Sec.37(1); Follows Biocon ruling

Jul 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2024(Ahd)
  • Tax Payer : Axis Bank Ltd
High Court

HC: HC: Denial of foreign tax credit to be reconsidered if computation & documents are accepted, remands matter

Jul 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-527-HC-2024(MAD)
  • Tax Payer : Thejo Engineering Limited
Income tax Appellate Tribunal

ITAT: Services provided on year-to-year basis, no profit element, 'make available' not satisfied in US DTAA

Jul 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2024(DEL)
  • Tax Payer : Invesco Holding Company (US) Inc.
Income tax Appellate Tribunal

ITAT: Rules on additions towards written off creditors u/s 41(1) instead of Sec.68, deletes addition on bogus purchases

Jul 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-537-ITAT-2024(Mum)
  • Tax Payer : Parvez Ahmed Khalkullah Choudhary
Income tax Appellate Tribunal

ITAT: Recharacterisation of nature of transaction erroneous, TDS duly deposited, cannot hold Assessee-in-default u/s201

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2024(DEL)
  • Tax Payer : Toshiba Corporation
Foreign Court

FC: Sweden Supreme Court holds residence State obligated to grant credit despite timing & characterisation mismatch

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-842-FC-2023(SWD)
  • Tax Payer : AA
Income tax Appellate Tribunal

ITAT: Invoking Sec.28(iv) for accrual of ‘benefit’ on share acquisition at discount, erroneous, as shares held as investment

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2024(DEL)
  • Tax Payer : Hero Motocorp Ltd. (as successor of Hero Investment P. Ltd.)
Income tax Appellate Tribunal

ITAT: State Advocate welfare funds are exempt from application of Central Acts; Allows Sec.11 exemption

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2024(CHNY)
  • Tax Payer : Tamilnadu Advocate Welfare Fund
High Court

HC: Sec. 9 amendments cannot subsume, eclipse DTAA provisions; Bandwidth services income not royalty

Jul 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-529-HC-2024(DEL)
  • Tax Payer : TELSTRA SINGAPORE PTE LTD
Income tax Appellate Tribunal

ITAT: New Indo-Mauritius Protocol not yet notified; Grants treaty benefit basis TRC

Jul 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2024(DEL)
  • Tax Payer : Maven India Fund
Income tax Appellate Tribunal

ITAT: Third Member concurs with JM, deletes purchase disallowance sans third party's cross-examination

Jul 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2024(ASR)
  • Tax Payer : Gujranwala Jewellers
High Court

HC: Holds no income escapement as Assessee was entitled to 50% share of properties, u/Sec. 5A

Jul 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-522-HC-2024(BOM)
  • Tax Payer : Sunita Purushottam Virgincar
Supreme Court

SC: Order copy dismissing Revenue SLP in Infosys on TDS 'impossibility' w.r.t Sec. 9(1)vii) retro amendment

Jul 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-521-SC-2024
  • Tax Payer : Infosys Ltd
High Court

HC: Proceedings deemed complete if order communicated to Assessee; Quashes reassessment as time barred u/Sec.153(2)

Jul 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-520-HC-2024(MN)
  • Tax Payer : Mema Paul (expired) through her Legal Representatives