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Rulings ( 13731 results )

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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
Income tax Appellate Tribunal

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

Jul 20, 2024
  • In Favour of Revenue
  • Citation Number : TS-509-ITAT-2024(CHNY)
  • Tax Payer : Innovative Microfinance
Income tax Appellate Tribunal

ITAT: ITAT: Appeal order without addressing on merits contrary to Sec.250(6), CIT(A) bound to pass speaking order

Jul 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2024(Ahd)
  • Tax Payer : Jade Granites Industries
Income tax Appellate Tribunal

ITAT: Adjudicate on merits against Assessee undergoing liquidation, IBC supersedes Income Tax Act

Jul 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2024(Mum)
  • Tax Payer : Doshion Veolia Water Solution P. Ltd
Foreign Court

FC: UK Upper Tribunal rules Subjective Purpose Test not satisfied sans Treaty Benefit, the main purpose

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-516-FC-2024(UK)
  • Tax Payer : Burlington Loan Management DAC
High Court

HC: Quashes assessment order sans notice to Assessee for variation from SCN w.r.t. invocation of charging provision

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-515-HC-2024(CAL)
  • Tax Payer : Vishal Jhajharia
Income tax Appellate Tribunal

ITAT: Third Member resolves piquant search issue, turns Revenue's DIN argument on its head

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2024(RAI)
  • Tax Payer : Ashish Singhania
Income tax Appellate Tribunal

ITAT: Affirms Mauritius DTAA benefit citing Azadi Bachao, commercial rationale & India's investment/business model

Jul 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2024(DEL)
  • Tax Payer : India Property (Mauritius) Company
Income tax Appellate Tribunal

ITAT: Deletes addition of non-compete fees paid to retiring partner of LLP, holding same to be revenue in nature

Jul 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2024(Ahd)
  • Tax Payer : Samkeet Arya Homes LLP
Income tax Appellate Tribunal

ITAT: Holds SC in Checkmate is declaration of law, applies to all proceedings, scrutiny assessment & return processing u/s143(1)

Jul 18, 2024
  • In Favour of Revenue
  • Citation Number : TS-511-ITAT-2024(Ahd)
  • Tax Payer : Checkmate Services P. Ltd
Income tax Appellate Tribunal

ITAT: Directs Revenue to modify demand notice as per NCLT order in accordance with Sec. 156A

Jul 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2024(CHNY)
  • Tax Payer : Aircel Limited
Income tax Appellate Tribunal

ITAT: Refuses to condone 740 days’ delay sans proper explanation let alone ‘sufficient cause’ for delay

Jul 17, 2024
  • In Favour of Revenue
  • Citation Number : TS-507-ITAT-2024(COCH)
  • Tax Payer : Paravur Service Co-operative Bank Ltd
Income tax Appellate Tribunal

ITAT: Reassessment jurisdiction valid, Revenue demonstrated prima facie reason for income escapement

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-506-ITAT-2024(SUR)
  • Tax Payer : Center Point Gems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec.11 exemption valid if audit report filed after return but before intimation; Distinguishes Wipro

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2024(Bang)
  • Tax Payer : Arham Mitra Mandal
Supreme Court

SC: Affirms Bombay HC ruling allowing depreciation claim on revalued assets

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-504-SC-2024
  • Tax Payer : Dharmanandan Diamonds Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Rules on disallowances u/Sec. 40(a)(i)/ 40(a)(ia) for non-deduction of tax at source on various payments

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2024(Mum)
  • Tax Payer : Deutsche Equities India Private Limited
Supreme Court

SC: Dismisses SLP over low tax effect, but observes Sec. 201 interpretation a 'debatable' issue

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-502-SC-2024
  • Tax Payer : Red Hat India Pvt. Ltd
Supreme Court

SC: Affirms HC judgment granting refund of arrears of disability pension, with interest

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-501-SC-2024
  • Tax Payer : Jaswinder Pal Singh
Income tax Appellate Tribunal

ITAT: Rejection of registered valuer's report not legal, no errors pointed out, no reference to DVO

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2024(Kol)
  • Tax Payer : Manick Chandra Paul
Income tax Appellate Tribunal

ITAT: Allows FTC claim in modified return u/Sec.92CD(1), refers 'Substantial justice' over procedural errors

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2024(DEL)
  • Tax Payer : Ericsson India Global Services Pvt. Ltd