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Income tax Appellate Tribunal
ITAT: Quashes reassessment of Rs.600 Cr. Cross Currency Swap loss as Assessee made full & true disclosure
Jan 20, 2024
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2024(Mum)
- Tax Payer : East West Pipeline Private Limited
Income tax Appellate Tribunal
ITAT: Quashes revision over capital gains exemption under Mauritius DTAA for pre-2017 share acquisition
Jan 20, 2024
- In Favour of Assessee
- Citation Number : TS-24-ITAT-2024(Mum)
- Tax Payer : Comstar Mauritius Limited
High Court
HC: Reiterates liberal approach on 'genuine hardship'; Permits Assessee to rectify name in ITR
Jan 20, 2024
- In Favour of Assessee
- Citation Number : TS-823-HC-2023(BOM)
- Tax Payer : Optra Health Private Limited
High Court
HC: NR eligible for refund-interest as CPC delayed in enabling SWIFT code & IBAN
Jan 20, 2024
- In Favour of Assessee
- Citation Number : TS-29-HC-2024(MAD)
- Tax Payer : Coda Global LLC
High Court
HC: Grants penalty-immunity as Assessee voluntarily corrected expenditure claim on GST-credit provision
Jan 19, 2024
- In Favour of Assessee
- Citation Number : TS-16-HC-2024(RAJ)
- Tax Payer : Chambal Fertilizers and Chemicals Limited
Foreign Court
FC: Polish Apex Court prefers official treaty text over English version for Art.11 interpretation
Jan 19, 2024
- In Favour of Assessee
- Citation Number : TS-824-FC-2023(POL)
- Tax Payer : Anonymous
Income tax Appellate Tribunal
ITAT: Upholds Gaming Co.'s revisionary proceedings over alleged short-TDS of Rs.271 Cr. on winnings
Jan 19, 2024
- In Favour of Both, Partially
- Citation Number : TS-32-ITAT-2024(Mum)
- Tax Payer : Play Games24x7 Pvt. Ltd
High Court
HC: Sans proven prejudice, rejects 'natural justice' plea taken 2 decades after appeal admission
Jan 18, 2024
- In Favour of Assessee
- Citation Number : TS-31-HC-2024(BOM)
- Tax Payer : Veena Estate Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Mauritian non-filer company not liable for reassessment on investment-sale remittance
Jan 18, 2024
- In Favour of Assessee
- Citation Number : TS-30-ITAT-2024(DEL)
- Tax Payer : AEP Investments (Mauritius) Ltd
Income tax Appellate Tribunal
ITAT: Rejects reassessment of non-filer foreign entity on Rs.203 Cr. repatriation from NCD redemption
Jan 18, 2024
- In Favour of Assessee
- Citation Number : TS-27-ITAT-2024(DEL)
- Tax Payer : BCP V Singapore FVCI Pte. Ltd
High Court
HC: HC: 'Live transmission' fee not royalty for Fox & ESS; Applies Delhi Race Club & New Skies ratio
Jan 17, 2024
- In Favour of Assessee
- Citation Number : TS-28-HC-2024(DEL)
- Tax Payer : Fox Network Group Singapore Pte Ltd
High Court
HC: Waiving tax claim by revising ITR dislodges mens rea for tax-evasion; Quashes prosecution
Jan 17, 2024
- In Favour of Assessee
- Citation Number : TS-822-HC-2023(KAR)
- Tax Payer : Anurag Bagaria
Supreme Court
SC: Seeks enquiry details, affidavit from Revenue for inordinate appeal filing delay in Bharti case
Jan 17, 2024
- In Favour of None/NA
- Citation Number : TS-26-SC-2024
- Tax Payer : Bharti Airtel Limited
High Court
HC: HC: Absent question of perversity, ITAT's 'fact-finding' final; Upholds MF redemption as capital gains
Jan 17, 2024
- In Favour of Assessee
- Citation Number : TS-23-HC-2024(DEL)
- Tax Payer : Wig Investment
High Court
HC: Specified authority's sanction & limitation 'intertwined'; Absent Sec.151(ii) sanction, quashes reassessment proceedings
Jan 16, 2024
- In Favour of Assessee
- Citation Number : TS-22-HC-2024(DEL)
- Tax Payer : TWYLIGHT Infrastructure Pvt Ltd
High Court
HC: Quashes Sec.148 notice for AY 2013-14, issued post-Ashish Agarwal; Distinguishes Delhi HC’s Touchstone
Jan 16, 2024
- In Favour of Assessee
- Citation Number : TS-21-HC-2024(BOM)
- Tax Payer : The New India Assurance Company Limited
High Court
HC: Holds Sec.194N as constitutionally valid; Takes judicial notice of ‘parallel cash economy’
Jan 13, 2024
- In Favour of Revenue
- Citation Number : TS-821-HC-2023(MAD)
- Tax Payer : Madurai District Central Cooperative Bank Ltd
Income tax Appellate Tribunal
ITAT: Denies Sec.69B applicability on difference in stock valuation revealed during survey
Jan 13, 2024
- In Favour of Assessee
- Citation Number : TS-810-ITAT-2023(CHNY)
- Tax Payer : Ethiraj Hotel Mart
Income tax Appellate Tribunal
ITAT: Sec.2(15) covers Indian Chamber of Commerce's seminars & conferences; Explains SC's AUDA judgment
Jan 13, 2024
- In Favour of Assessee
- Citation Number : TS-793-ITAT-2023(Kol)
- Tax Payer : Indian Chamber of Commerce
Income tax Appellate Tribunal
ITAT: ITAT: Deletes Rs.3,200 Cr. addition of nuclear power related offshore supply; Follows consistency principle
Jan 13, 2024
- In Favour of Assessee
- Citation Number : TS-818-ITAT-2023(Mum)
- Tax Payer : Atomstroyexport