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Rulings ( 13780 results )
High Court
HC: Rejects tax-withholding higher than prior years' since finding on profit attribution left unquestioned
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-263-HC-2024(DEL)
- Tax Payer : GE Energy Parts Inc
Income tax Appellate Tribunal
ITAT: Rule 11UA amendment providing 10% safe-harbour ‘curative’, applies retrospectively; Deletes angel tax addition
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-264-ITAT-2024(DEL)
- Tax Payer : Sakshi Fincap Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Dislodging expenditure's veracity Revenue's onus once Assessee substantiate's claim; Rejects disallowance
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2024(Ahd)
- Tax Payer : Heubach Colour Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Unexplained cash attracts 69A & Sec. 115BBE de hors Assessee's income disclosure & categorization
Apr 17, 2024
- In Favour of Revenue
- Citation Number : TS-259-ITAT-2024(COCH)
- Tax Payer : Uma Maheshwara Rao Chinni
Supreme Court
SC: Dismisses Assessee's review petition against Checkmate Services judgment due to delay
Apr 17, 2024
- In Favour of Revenue
- Citation Number : TS-258-SC-2024
- Tax Payer : Kerala State Warehousing Corporation
High Court
HC: Gujarat HC upholds search against lawyer; Rules on Attorney-Client privilege
Apr 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-257-HC-2024(GUJ)
- Tax Payer : Maulikkumar Satishbhai Sheth
High Court
HC: Sec.244A(1) interest payable on 'entire refund' as claim exceeds 10% of tax determined
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-256-HC-2024(BOM)
- Tax Payer : CEAT Limited
Income tax Appellate Tribunal
ITAT: ITAT: Treaty benefit on salary allowable sans TRC, basis tax compliance in Australia
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-254-ITAT-2024(DEL)
- Tax Payer : Yogesh Kotiyal
Income tax Appellate Tribunal
ITAT: 16 years limitation not invocable sans income accrual in relation to assets abroad
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2024(Mum)
- Tax Payer : Jaspal Singh Sawhney
Income tax Appellate Tribunal
ITAT: Third Member expounds on scope & interplay of Sec.68 & Sec.69; Rejects alternative invocation
Apr 15, 2024
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2024(DEL)
- Tax Payer : JMK Exports
High Court
HC: Absent claim in approved resolution plan, quashes assessment & demand of preceding period
Apr 15, 2024
- In Favour of Assessee
- Citation Number : TS-245-HC-2024(GUJ)
- Tax Payer : Surya Exim Limited
High Court
HC: Final order passed under Faceless Assessment sans issuance of draft order, unsustainable
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-250-HC-2024(MAD)
- Tax Payer : Prakash Chand Jain
High Court
HC: Failure to request for personal hearing through prescribed mode not fatal
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-251-HC-2024(MAD)
- Tax Payer : Bay-Forge Private Limited
High Court
HC: Full & true disclosure test met; Judicial review of ITSC order impermissible
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-249-HC-2024(DEL)
- Tax Payer : Trent East West Lpg Bottling Ltd
High Court
HC: Upholds NASSCOM’s exemption based on principle of mutuality
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-248-HC-2024(DEL)
- Tax Payer : National Association Of Software And Service Companies (NASSCOM)
Income tax Appellate Tribunal
ITAT: Investment company’s share value dependent upon underlying operating company’s value; NAV method appropriate
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2024(Mum)
- Tax Payer : Tex-Kare Cleaners Pvt. Ltd
High Court
HC: Valuation cannot be rejected basis inconsistency between projected & actual figures
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-247-HC-2024(DEL)
- Tax Payer : Abhirvey Projects Private Limited
High Court
HC: Quashes reassessment proceedings initiated basis ‘set aside revisionary order’ of subsequent AY
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-239-HC-2024(BOM)
- Tax Payer : MFE Formwork Technology SDN.BHD
High Court
HC: Incriminating material for one AY cannot trigger Sec.153C proceedings for other relevant AYs
Apr 12, 2024
- In Favour of Assessee
- Citation Number : TS-246-HC-2024(DEL)
- Tax Payer : Saksham Commodities Limited
Income tax Appellate Tribunal
ITAT: Absent independent corroboration, deletes alleged unexplained election expenditure for former TN Minister
Apr 10, 2024
- In Favour of Assessee
- Citation Number : TS-244-ITAT-2024(CHNY)
- Tax Payer : O. Panneerselvam