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Rulings ( 13733 results )

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Income tax Appellate Tribunal

ITAT: Cash gifts & accumulated savings does not tantamount to ‘unexplained money’; Additions untenable as evidence overlooked

Jun 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2024(Mum)
  • Tax Payer : Hemant Samarataji Lohar
Income tax Appellate Tribunal

ITAT: Denial of benefit of New Tax Regime unjustified, as filing Form 10IE directory & not mandatory

Jun 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2024(PUN)
  • Tax Payer : Akshay Devendra Birari
Income tax Appellate Tribunal

ITAT: Unaudited expenses inadmissible against undisclosed income sans any corroborative evidence

Jun 10, 2024
  • In Favour of Revenue
  • Citation Number : TS-401-ITAT-2024(RAI)
  • Tax Payer : Hardeep Singh
Income tax Appellate Tribunal

ITAT: Sans revenue's application of mind, reassessment proceedings based on Investigation Wing report invalid

Jun 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2024(DEL)
  • Tax Payer : Nisha Goel
Income tax Appellate Tribunal

ITAT: ITAT: Sec.40(a)(ia) disallowance unwarranted on depreciation claim on capitalized software cost; Follows Tally Solutions

Jun 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2024(Bang)
  • Tax Payer : Samsung R&D Institute India – Bangalore Pvt. Ltd
High Court

HC: Sec.263 revision order on capital gain exemption justified due to lack of inquiry by AO.

Jun 08, 2024
  • In Favour of Revenue
  • Citation Number : TS-383-HC-2024(CAL)
  • Tax Payer : Bina Gupta
High Court

HC: Reassessment beyond four years sans 'fresh tangible material' invalid; Distinguishes SC’s PVS beedis ruling

Jun 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-388-HC-2024(DEL)
  • Tax Payer : Samsung India Electronics Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: ITAT: Subscription-based product sale under reseller agreement is royalty under Art.12 Ireland DTAA sans lack of correlation b/w sale & resale

Jun 07, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2024(Mum)
  • Tax Payer : Gartner Ireland Ltd
Foreign Court

FC: Netherland’s Supreme Court holds treaty provisions prevailing at time of taxable event apply

Jun 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-840-FC-2023(NETH)
  • Tax Payer : Name not disclosed (Case 12)
High Court

HC: Reassessment on non-searched entity governed by limitation in first proviso to Sec.149(1) r.w. Sec.153C & 153A

Jun 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-397-HC-2024(DEL)
  • Tax Payer : Dinesh Jindal
Income tax Appellate Tribunal

ITAT: ITAT: Absence of FTS in India-Thai DTAA, technical services to AE constitutes business income, not taxable sans PE

Jun 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2024(DEL)
  • Tax Payer : Denso (Thailand) Co. Ltd
High Court

HC: No Sec. 56(2)(viib) on loan conversion to equity; Choice of Valuation method with assessee, not AO

Jun 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-395-HC-2024(HP)
  • Tax Payer : I A Hydro Energy (P) Limited
High Court

HC: Upholds summons under Benami Act, confirms jurisdiction and scope of inquiry u/Sec. 202 Cr.P.C.

Jun 06, 2024
  • In Favour of Revenue
  • Citation Number : TS-394-HC-2024(ALL)
  • Tax Payer : Sandeep Miglani
District Court

DC: Quashes prosecution proceedings for non-compliance of Sec.142 notice sans proof of mens rea

Jun 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-393-DC-2024(DEL)
  • Tax Payer : Sushila
Income tax Appellate Tribunal

ITAT: Deletes 234B interest sans variation of income in reassessment or outstanding demand

Jun 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2024(Mum)
  • Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal

ITAT: ITAT: Delay condoned basis bona fide belief that addition u/Sec.143(1) to be addressed in scrutiny assessment

Jun 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2024(Bang)
  • Tax Payer : McAfee Software (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Sec.271(1)(c) penalty unjustified sans mens rea, basis MAP-driven revised returns & voluntary tax payment

Jun 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2024(Bang)
  • Tax Payer : Mitsubishi Heavy Industries – VST Diesel Engines Pvt. Ltd
High Court

HC: Holds auction resulting from set aside ex-parte ITAT order void ab initio; Consequential proceedings untenable

Jun 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-387-HC-2024(P & H)
  • Tax Payer : Gokal Chand Rattan Chand
High Court

HC: Provisions for unsettled outstanding and IBNR claims not contingent liabilities, allowable u/Sec. 37

Jun 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-386-HC-2024(DEL)
  • Tax Payer : Care Health Insurance Limited
High Court

HC: CBDT power u/Sec.119 to be exercised in extraordinary circumstances; Writ unsustainable on incorrect facts

Jun 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-385-HC-2024(DEL)
  • Tax Payer : Lava International Limited