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Rulings ( 13780 results )
Income tax Appellate Tribunal
ITAT: Directs DRP to examine DAPE of US Co., not considered in prior years
Mar 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-148-ITAT-2024(DEL)
- Tax Payer : Automation Anywhere Inc.
High Court
HC: HC: Conducting agricultural operations no prerequisite to qualify for agricultural land exemption
Mar 02, 2024
- In Favour of Assessee
- Citation Number : TS-131-HC-2024(BOM)
- Tax Payer : Ashok Chaganlal Thakkar
High Court
HC: Quashes Sec.148 notice issued beyond 3 years over improper sanction; Follows Siemens Financial
Mar 02, 2024
- In Favour of Assessee
- Citation Number : TS-132-HC-2024(BOM)
- Tax Payer : Agnello Oswin Dias
High Court
HC: Revision invalid where issues enquired in assessment & no error/prejudice pointed by CIT
Mar 02, 2024
- In Favour of Assessee
- Citation Number : TS-149-HC-2024(DEL)
- Tax Payer : Clix Finance India Pvt. Ltd
High Court
HC: Upholds constitutionality of distinction between Govt. & other employees for leave encashment exemption
Mar 01, 2024
- In Favour of Revenue
- Citation Number : TS-146-HC-2024(PAT)
- Tax Payer : Purnendu Shekhar Sinha
Foreign Court
FC: Pakistan’s Supreme Court holds Shipping Co.’s incidental incomes eligible for Art.8 benefit
Mar 01, 2024
- In Favour of Assessee
- Citation Number : TS-145-FC-2024(PAK)
- Tax Payer : A.P. Moller Maersk
Income tax Appellate Tribunal
ITAT: Deletes Sec.68 addition of Rs.223 Cr. as Assessee discharged onus by additional evidence
Mar 01, 2024
- In Favour of Assessee
- Citation Number : TS-144-ITAT-2024(Mum)
- Tax Payer : Next Avenue Ventures Pvt. Ltd
Supreme Court
SC: Art.142 cannot defeat natural justice principles; Rejects automatic lapse of HC stay orders
Feb 29, 2024
- In Favour of Assessee
- Citation Number : TS-142-SC-2024
- Tax Payer : High Court Bar Association, Allahabad
Income tax Appellate Tribunal
ITAT: Mobile number '9999999999' in ITR, no ground to deny treaty benefits to ADIA
Feb 29, 2024
- In Favour of Assessee
- Citation Number : TS-140-ITAT-2024(Mum)
- Tax Payer : Abu Dhabi Investment Authority
Supreme Court
SC: Dismisses Sugar Cooperatives' review petitions on deductibility of 'excessive' sugarcane purchase price
Feb 29, 2024
- In Favour of Revenue
- Citation Number : TS-138-SC-2024
- Tax Payer : Sharad Sahakari Sakhar Karkhana Ltd
High Court
HC: Sec.148 notice, post-Ashish Agarwal, not saved by Sec.149(1)-fifth proviso if barred by first proviso
Feb 28, 2024
- In Favour of Assessee
- Citation Number : TS-137-HC-2024(BOM)
- Tax Payer : Godrej Industries Ltd
Supreme Court
SC: Telco's contracts with SIM Card distributors lack 'principal-agent' character; Distinguishes Singapore Airlines judgment
Feb 28, 2024
- In Favour of Assessee
- Citation Number : TS-135-SC-2024
- Tax Payer : Bharti Airtel Ltd
High Court
HC: HC: Dismisses writ petition challenging assessment & penalty over disallowance of Rs.234 Cr. gold purchase
Feb 28, 2024
- In Favour of Revenue
- Citation Number : TS-136-HC-2024(MAD)
- Tax Payer : Mundhra Exim Private Limited
Income tax Appellate Tribunal
ITAT: ITAT: Chinese Co.’s receipts for software embedded in MG cars not royalty; Follows Engineering Analysis
Feb 27, 2024
- In Favour of Assessee
- Citation Number : TS-134-ITAT-2024(DEL)
- Tax Payer : SAIC Motor Overseas Intelligent Mobility Technology Co. Ltd
District Court
DC: DC: Discharges accused from prosecution since not director during TDS-default year
Feb 27, 2024
- In Favour of Assessee
- Citation Number : TS-133-DC-2024(DEL)
- Tax Payer : Vihan Networks Ltd
Income tax Appellate Tribunal
ITAT: Rejects NAV method for valuing Optionally Convertible Preference Shares under Sec.56(2)(viib)
Feb 27, 2024
- In Favour of Assessee
- Citation Number : TS-124-ITAT-2024(RAI)
- Tax Payer : Avinash Developers Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Beneficial owner with control & influence on lender & borrower, attracts 'Sec.2(22)(e) second limb'
Feb 27, 2024
- In Favour of Assessee
- Citation Number : TS-130-ITAT-2024(Kol)
- Tax Payer : Apeejay Surrendra Management Services Pvt. Ltd
High Court
HC: HC: Lexis Nexis subscription fee neither royalty nor FTS/FIS under India-US DTAA
Feb 26, 2024
- In Favour of Assessee
- Citation Number : TS-129-HC-2024(DEL)
- Tax Payer : Relx Inc
Income tax Appellate Tribunal
ITAT: Shares worth Rs.144 Cr. against right to use land 'revenue receipt', basis third party transaction
Feb 26, 2024
- In Favour of Revenue
- Citation Number : TS-125-ITAT-2024(DEL)
- Tax Payer : Fertilizer Corporation of India Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Upholds revision of ICICI’s forex fluctuation & inflation claim against overseas investment sale/reduction
Feb 26, 2024
- In Favour of Both, Partially
- Citation Number : TS-128-ITAT-2024(Mum)
- Tax Payer : ICICI Bank Ltd