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Rulings ( 13764 results )
Income tax Appellate Tribunal
ITAT: Customers' identification & liaisoning tantamounts to marketing services, not taxable as 'FIS'
May 16, 2024
- In Favour of Assessee
- Citation Number : TS-333-ITAT-2024(CHNY)
- Tax Payer : Laserwords US Inc.
Income tax Appellate Tribunal
ITAT: Rejects additional evidence & request for de novo adjudication by CIT(A) as ITAT Appeal non-maintainable
May 15, 2024
- In Favour of Revenue
- Citation Number : TS-329-ITAT-2024(RAI)
- Tax Payer : C.G. Iron Private Limited
High Court
HC: Reassessment notice based solely on DG-GST information unsustainable; Directs de novo consideration by JAO
May 15, 2024
- In Favour of Assessee
- Citation Number : TS-330-HC-2024(BOM)
- Tax Payer : KEC International Ltd
High Court
HC: Quashes reassessment proceedings as taxability of NCD-interest on receipt basis accepted during assessment
May 15, 2024
- In Favour of Assessee
- Citation Number : TS-323-HC-2024(BOM)
- Tax Payer : Upesi Ventures Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Final order time-barred, passed beyond Sec.144C(13) limitation; Explains ambit of DRP's powers
May 14, 2024
- In Favour of Assessee
- Citation Number : TS-326-ITAT-2024(CHNY)
- Tax Payer : Conferencecall – Services India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows income recharacterisation as FTS since services not standard & routine; Rejects ‘consistency’ plea
May 13, 2024
- In Favour of Revenue
- Citation Number : TS-319-ITAT-2024(DEL)
- Tax Payer : Volvo Information Technology AB
High Court
HC: Additions based merely on CBIC information, unsustainable; Remits matter sans import details
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-324-HC-2024(DEL)
- Tax Payer : Bausch And Lomb India Private Limited
Income tax Appellate Tribunal
ITAT: Banks trading in securities a business activity; Rejects mere classification as investments for disallowance
May 11, 2024
- In Favour of Assessee
- Citation Number : TS-321-ITAT-2024(Ahd)
- Tax Payer : Kankaria Maninagar Nagarik Sahakari Bank Ltd
Income tax Appellate Tribunal
ITAT: Holds loss on forward contracts & forward premium account non-speculative
May 11, 2024
- In Favour of Assessee
- Citation Number : TS-318-ITAT-2024(DEL)
- Tax Payer : J. K. Techno soft Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.68 addition as unjustified basis director's statement retracted subsequently
May 11, 2024
- In Favour of Assessee
- Citation Number : TS-306-ITAT-2024(Mum)
- Tax Payer : Arjun Manoj Purohit
Income tax Appellate Tribunal
ITAT: Deletes 271(1)(c) penalty sans specific charge; Rejects assessment finality plea
May 11, 2024
- In Favour of Assessee
- Citation Number : TS-314-ITAT-2024(Mum)
- Tax Payer : Michael Page International Recruitment Pvt. Ltd
High Court
HC: Search invalid as reasons in satisfaction note pretentious & unrelated yet unearthed information reliable
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-320-HC-2024(BOM)
- Tax Payer : Echjay Industries Pvt Ltd
High Court
HC: Penalty proceedings cannot be initiated based on protective assessment
May 10, 2024
- In Favour of Both, Partially
- Citation Number : TS-316-HC-2024(ALL)
- Tax Payer : Neelam Dubey
Foreign Court
FC: Italian Court allows treaty benefits sans TRC, basis other proofs
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-838-FC-2023(ITL)
- Tax Payer : Teobaldo Noschese
Income tax Appellate Tribunal
ITAT: Rules on TDS applicability for transactions between SBI & NBFCs regarding loan assignment
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-312-ITAT-2024(Mum)
- Tax Payer : State Bank of India
High Court
HC: Upholds denial of Sec.80-O deduction despite CCIT approval since conditions not fulfilled
May 09, 2024
- In Favour of Revenue
- Citation Number : TS-315-HC-2024(BOM)
- Tax Payer : Hindustan Export & Import Corporation Private Limited
High Court
HC: ‘Administrative Convenience’ & ‘Coordinated Investigation’ prevails over Assessee’s logistical difficulty; Upholds case transfer
May 09, 2024
- In Favour of Revenue
- Citation Number : TS-311-HC-2024(DEL)
- Tax Payer : Dollar Gulati
High Court
HC: Rules on inter-FY TDS adjustment, in challenge against denial of Nil TDS certificate
May 09, 2024
- In Favour of Assessee
- Citation Number : TS-313-HC-2024(DEL)
- Tax Payer : Aecom Intercontinental Holdings Uk Ltd
High Court
HC: Condones delay in revised ITR, filed post-NCLT order; Finds CBDT’s rejection unreasonable
May 08, 2024
- In Favour of Assessee
- Citation Number : TS-309-HC-2024(BOM)
- Tax Payer : CG Power And Industrial Solutions Ltd
Supreme Court
SC: SC rejects constitutional challenge to 'perquisite' provision, delegated powers to CBDT not 'excessive'
May 08, 2024
- In Favour of Revenue
- Citation Number : TS-310-SC-2024
- Tax Payer : All India Bank Officers' Confederation