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Rulings ( 15436 results )

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Income tax Appellate Tribunal

ITAT: Quantum additions cannot be challenged in appellate proceedings against revision/rectification order

  • In Favour of Revenue
  • Citation Number : TS-464-ITAT-2024(DEL)
  • Tax Payer : Security Printing and Minting Corporation of India limited
Foreign Court

FC: Australian Court holds no withholding on payments to PepsiCo for concentrates; Rejects DPT sans tax benefit

  • In Favour of Assessee
  • Citation Number : TS-463-FC-2024(AUS)
  • Tax Payer : PepsiCo, Inc
Income tax Appellate Tribunal

ITAT: Deletes addition as difference in consideration & stamp duty within 10% tolerance limit; Holds Sec.50C retrospective

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2024(Bang)
  • Tax Payer : Nabhiraj Ratna Balraj
Income tax Appellate Tribunal

ITAT: Assessee not defaulter u/Sec.40(a)(i) as payee declared receipts in return

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2024(CHNY)
  • Tax Payer : Ahlers India Pvt. Ltd
High Court

HC: Best judgment assessment valid if nexus established with material on record & judgment is not exercised arbitrarily

  • In Favour of Assessee
  • Citation Number : TS-460-HC-2024(CAL)
  • Tax Payer : Sikaria Infraprojects Pvt. Ltd
High Court

HC: Reassessment basis audit objections tantamounts to ‘change of opinion’, not permissible; Quashes reassessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-451-HC-2024(HP)
  • Tax Payer : J.B.J. Perfumes Private Limited
Income tax Appellate Tribunal

ITAT: Sec.153 proceedings reckoned from receipt of seized material & not search date; ‘Inconclusive satisfaction’ vitiates Sec.153C

  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2024(DEL)
  • Tax Payer : Marconi Infratech (P.) Ltd
Income tax Appellate Tribunal

ITAT: Retrospective provision under Act cannot be presumed to be retrospective, if it alters law as it earlier stood; Deletes 14A disallowance

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2024(Mum)
  • Tax Payer : Zodiac Ventures Ltd
High Court

HC: Sets aside Sec.119(2)(b) order rejecting belated filing of Form10ID; Directs CBDT to provide relevant reports to Assessee

  • In Favour of Assessee
  • Citation Number : TS-449-HC-2024(BOM)
  • Tax Payer : Tata Autocomp Gotion Green Energy Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Excess amount paid over the net asset value is considered as 'Goodwill'; Follows SIMS Securities

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2024(Bang)
  • Tax Payer : DN Solutions (India) Private Limited
High Court

HC: Holds Search & Seizure to be invalid, 'Satisfaction note’ devoid of cogent incriminating material

  • In Favour of Assessee
  • Citation Number : TS-456-HC-2024(TEL)
  • Tax Payer : R.S.Agro Tech and others
Income tax Appellate Tribunal

ITAT: Remands the matter to AO on issue of 'super abnormal profits' for availing deduction under Sec.10A

  • In Favour of Revenue
  • Citation Number : TS-455-ITAT-2024(Mum)
  • Tax Payer : Ajay R. Agrawal (HUF)
Foreign Court

FC: Munster Finance Court holds No Exit Tax On Mere Change in DTAA Provisions

  • In Favour of Assessee
  • Citation Number : TS-1064-FC-2022(GER)
  • Tax Payer : Anonymous
High Court

HC: Quashes reassessment proceedings sans link between information received by Revenue and reason to believe

  • In Favour of Assessee
  • Citation Number : TS-454-HC-2024(BOM)
  • Tax Payer : Modern Living Solutions Private Limited
High Court

HC: Receipts from relinquishment of right to operate as licensee constitutes 'Trading Receipt'; Allows Revenue's appeal

  • In Favour of Revenue
  • Citation Number : TS-453-HC-2024(CAL)
  • Tax Payer : ITC Limited
Income tax Appellate Tribunal

ITAT: Taxation event arise on sanction accorded by concerned authorities & not on signing of development agreement

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2024(HYD)
  • Tax Payer : Kiran Reddy Gangidi
Income tax Appellate Tribunal

ITAT: Quashes ‘appeal effect’ order against Tata Motors basis retrospective applicability of Explanation to Sec.115JB

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2024(Mum)
  • Tax Payer : Tata Motors Ltd
Income tax Appellate Tribunal

ITAT: Final assessment order passed after DRP’s dismissal of Assessee’s objection on limitation, devoid of jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2024(DEL)
  • Tax Payer : Ares Diversified
Income tax Appellate Tribunal

ITAT: Confirms disallowance of prior period service tax on rental income as business expenditure

  • In Favour of Revenue
  • Citation Number : TS-446-ITAT-2024(Mum)
  • Tax Payer : Shreya Enterprises
Income tax Appellate Tribunal

ITAT: ITAT: Pre-retirement period services by Deloitte Partners has ‘prior charge’ on firm’s fees; Deletes disallowance

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2024(Mum)
  • Tax Payer : Deloitte Haskins and Sells LLP