Filters

Keyword Search Authority Location Search by Name In Favour of Industry Date of Pronouncement Case Type Citation Number
close

Rulings ( 14792 results )

Filters
Income tax Appellate Tribunal

ITAT: Receipts from offshore hire charges not taxable u/s 44BB absent Indian PE

Dec 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-900-ITAT-2024(DEL)
  • Tax Payer : Kreuz Challenger Pte Ltd
Income tax Appellate Tribunal

ITAT: Denying FTC for belated filing of requisite Form-67 ‘not justified’; Allows Assessee’s claim

Dec 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-901-ITAT-2024(Kol)
  • Tax Payer : Rahul Anand
Income tax Appellate Tribunal

ITAT: Penalty u/s 271AAB leviable on existence of ‘undisclosed income’; Quashes CIT(A)’ penalty reduction

Dec 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2024(DEL)
  • Tax Payer : Subhash Tyagi
Income tax Appellate Tribunal

ITAT: Interest on enhanced compensation from compulsory land-acquisition taxable as ‘income from other sources’ u/s 56(2)(viii)

Dec 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2024(DEL)
  • Tax Payer : Jagjit Singh Kataria
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Upholds attachment of seized demonetized-cash holding it to be ‘property’ with its FMV

Dec 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-896-PBPTAT-2024(DEL)
  • Tax Payer : Nitin Gupta
Income tax Appellate Tribunal

ITAT: Indexation benefit u/s 48 to be granted for sale of shares of foreign company

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2024(Mum)
  • Tax Payer : Aarav Fragrances and Flavors Private Limited
Income tax Appellate Tribunal

ITAT: Bad debts written-off as ‘irrecoverable’ allowable for deduction u/s 36(1)(vii) r.w.s. 36(2)

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-894-ITAT-2024(HYD)
  • Tax Payer : Nuevosol Energy Private Limited
Income tax Appellate Tribunal

ITAT: Proceeds from sale of land/flats consequent to dissolution of partnership-firm taxable as ‘capital gains’

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2024(NAG)
  • Tax Payer : Deepak Gadge
Income tax Appellate Tribunal

ITAT: Deletes levy of interest u/s 234C given taxpayer discharged its advance tax liability

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-895-ITAT-2024(CHNY)
  • Tax Payer : IDFC Financial Holdings - Co. Ltd
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Refuses attachment under Benami Act absent cogent evidence proving beneficial ownership of Ajit Pawar, others

Dec 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-890-PBPTAT-2024(DEL)
  • Tax Payer : Nibhodh Trading Pvt. Ltd. &Ors
Income tax Appellate Tribunal

ITAT: Imposes cost on Revenue for ‘casual attitude’ in dismissing Assessee’s appeal twice at CIT(A) stage

Dec 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-888-ITAT-2024(Ahd)
  • Tax Payer : Seema Ajay Ranka
Income tax Appellate Tribunal

ITAT: Raps AO for failing to consider disputed documents' contents for establishing ‘incriminating material’

Dec 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-880-ITAT-2024(DEL)
  • Tax Payer : DMG Finance Investment Private Limited
Income tax Appellate Tribunal

ITAT: Mandatory provision for passing draft-order applies to non-resident “eligible assessee” u/s 144C(15)

Dec 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-887-ITAT-2024(Mum)
  • Tax Payer : Hasmukh Dipchand Gardi
Income tax Appellate Tribunal

ITAT: Upholds penalty u/s 271(1)(c), 271AAB for failure to establish ‘genuineness’ of expenditure

Dec 05, 2024
  • In Favour of Revenue
  • Citation Number : TS-883-ITAT-2024(PUN)
  • Tax Payer : Shreehari Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Explains Rule of Appropriation; AO can't change interest paid u/s 234B on total-income determination u/s 143(1)/(3)

Dec 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2024(Mum)
  • Tax Payer : Oasis Landmarks LLP
Income tax Appellate Tribunal

ITAT: ITAT: Payment to non-residents for warehousing charges outside India, not FTS, deletes Sec. 195 disallowance

Dec 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2024(DEL)
  • Tax Payer : Avtec Limited
Income tax Appellate Tribunal

ITAT: CSR expenditure eligible for deduction u/s 80G, remits matter to AO for verification

Dec 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2024(Mum)
  • Tax Payer : Mahyco Monsanto Biotech (India) Private Limited
Supreme Court

SC: Reassessment proceedings to be dropped as tax liability below Rs. 50-lakh; Follows Rajiv Bansal

Dec 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-884-SC-2024
  • Tax Payer : Vinal Comtrade Pvt. Ltd
Supreme Court

SC: SC: SC permits deceased assessee's legal representative to challenge reassessment notice as being vitiated

Dec 03, 2024
  • In Favour of None/NA
  • Citation Number : TS-882-SC-2024
  • Tax Payer : Ghanyashyam Anil Dhanani
Income tax Appellate Tribunal

ITAT: No obligation to file Form 10IC where Taxpayer's option of u/s115BAA accepted

Dec 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2024(DEL)
  • Tax Payer : Indo British Garments Pvt. Ltd