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Rulings ( 13733 results )

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Income tax Appellate Tribunal

ITAT: Cancellation of trust registration sans specific violation referred in Explanation of Sec.12AB(4), invalid

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2024(HYD)
  • Tax Payer : Myadam Krishan Rao Charitable Trust
Income tax Appellate Tribunal

ITAT: ITAT: Deletes penalty as AO failed to record satisfaction that income surrendered falls within definition of Sec.271AA

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2024(CHANDI)
  • Tax Payer : Ajay Kumar Sood Engineers And Contractors
Income tax Appellate Tribunal

ITAT: ITAT: Supply of design & engineering services inextricably linked to offshore plant & equipment sale, not FTS

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2024(DEL)
  • Tax Payer : Andritz AG
Income tax Appellate Tribunal

ITAT: Fees to German Independent consultant not FTS or business income sans PE; Deletes Sec.40(a)(i) disallowance

Jul 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2024(CHNY)
  • Tax Payer : Rane Engine Valve Limited
High Court

HC: HC: Audit report referred in corrigendum not fresh tangible material for reassessment; Review for reassessment impermissible

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-478-HC-2024(DEL)
  • Tax Payer : Aarti Fabricott Private Limited
Foreign Court

FC: Colombia Supreme Court holds MFN Clause doesn’t apply automatically unless all conditions satisfied

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-477-FC-2024(COL)
  • Tax Payer : Omar Sebastian Cabrera Cabrera
High Court

HC: SetCom empowered to make additions; Intent of process to balance voluntary disclosure & escaped income

Jul 05, 2024
  • In Favour of Revenue
  • Citation Number : TS-476-HC-2024(DEL)
  • Tax Payer : Harsh Dhanuka HUF
High Court

HC: HC: Explains DTAA Art. 5 ambit, holds Art. 7 as not “all-encompassing"; IMG’s IPL related services not FTS

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-474-HC-2024(DEL)
  • Tax Payer : International Management Group (UK) Ltd.
Income tax Appellate Tribunal

ITAT: ITAT: Stay extended beyond 365 days as delay not attributable to Assessee; Follows Pepsi Foods

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2024(RAN)
  • Tax Payer : Tata Cummins Private Limited
High Court

HC: Mention of different provision in SCN doesnot vitiate the order; Remands Sec.69A addition matter

Jul 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-472-HC-2024(MAD)
  • Tax Payer : R Chitra
Income tax Appellate Tribunal

ITAT: ITAT: ITAT: Deletes disallowance due to procedural irregularity under Sec.143(1) and violation of principles of natural justice

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2024(DEL)
  • Tax Payer : Fortum SAR B.V.
Income tax Appellate Tribunal

ITAT: Fees for live transmission not royalty; Sponsorship & advertisement with no exclusive rights, not royalty

Jul 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2024(DEL)
  • Tax Payer : Cricket Australia
Income tax Appellate Tribunal

ITAT: Unsubstantiated cash entries in seized diaries tantamount to unexplained expenditure; Confirms addition

Jul 03, 2024
  • In Favour of Revenue
  • Citation Number : TS-469-ITAT-2024(DEL)
  • Tax Payer : Kailash Gahlot
Income tax Appellate Tribunal

ITAT: Business expenditure incurred towards discontinued business not admissible deduction

Jul 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-468-ITAT-2024(Bang)
  • Tax Payer : Shanmugam Ravi
Income tax Appellate Tribunal

ITAT: Confirms revision on incorrect appreciation of law qua interest taxability on enhanced compensation; Distinguishes Ghanshyam HUF

Jul 03, 2024
  • In Favour of Revenue
  • Citation Number : TS-467-ITAT-2024(DEL)
  • Tax Payer : Veena Shah
High Court

HC: Assessee entitled to Sec.54 deduction despite cash transaction, as income disclosed before settlement commission

Jul 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-466-HC-2024(GUJ)
  • Tax Payer : Ashwinbhai Babubhai Dudhat
High Court

HC: HC: 245C applications filed prior to amendment valid sans provisions prohibiting existing application for settlement

Jul 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-465-HC-2024(GUJ)
  • Tax Payer : Vetrivel Infrastructure
Income tax Appellate Tribunal

ITAT: Quantum additions cannot be challenged in appellate proceedings against revision/rectification order

Jul 02, 2024
  • In Favour of Revenue
  • Citation Number : TS-464-ITAT-2024(DEL)
  • Tax Payer : Security Printing and Minting Corporation of India limited
Foreign Court

FC: Australian Court holds no withholding on payments to PepsiCo for concentrates; Rejects DPT sans tax benefit

Jul 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-463-FC-2024(AUS)
  • Tax Payer : PepsiCo, Inc
Income tax Appellate Tribunal

ITAT: Deletes addition as difference in consideration & stamp duty within 10% tolerance limit; Holds Sec.50C retrospective

Jul 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2024(Bang)
  • Tax Payer : Nabhiraj Ratna Balraj