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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
High Court
HC: Dismisses Revenue’s appeal since fact-finding w.r.t. 'Sec.80-IC undertaking' not challenged as perverse
Jan 13, 2024
- In Favour of Assessee
- Citation Number : TS-15-HC-2024(DEL)
- Tax Payer : Nirja Publishers & Printers Pvt. Ltd
Foreign Court
FC: Polish Supreme Court holds loan related fee qualifies as ‘interest’ under Article 11
Jan 12, 2024
- In Favour of Assessee
- Citation Number : TS-819-FC-2023(POL)
- Tax Payer : Anonymous
Income tax Appellate Tribunal
ITAT: Allows Sec.11 exemption to Deemed University; Absent corroboration, rejects addition of alleged capitation-fee
Jan 12, 2024
- In Favour of Assessee
- Citation Number : TS-09-ITAT-2024(Mum)
- Tax Payer : Padmashree Dr. D.Y. Patil University
Supreme Court
SC: Dismisses Madras Gymkhana's review petitions against Secunderabad Club judgment
Jan 12, 2024
- In Favour of Revenue
- Citation Number : TS-19-SC-2024
- Tax Payer : Madras Gymkhana Club
High Court
HC: Grants immunity from penalty for timely withdrawal of education cess claim under Sec.40(a)(ii)
Jan 11, 2024
- In Favour of Assessee
- Citation Number : TS-17-HC-2024(RAJ)
- Tax Payer : G R Infraprojects Limited
Income tax Appellate Tribunal
ITAT: Rules on time-limit for provisionally registered trust seeking regular registration; Invokes harmonious interpretation
Jan 11, 2024
- In Favour of Assessee
- Citation Number : TS-14-ITAT-2024(PUN)
- Tax Payer : Shri Kailash Math Trust
High Court
HC: 14 years appeal-filing delay not condonable; Assessee lacked sufficient cause, acted casually
Jan 11, 2024
- In Favour of Revenue
- Citation Number : TS-817-HC-2023(MAD)
- Tax Payer : M. Srinivasulu
High Court
HC: Absent new finding, quashes revision of Sec.80-IA deduction allowed to Telecom Co.
Jan 10, 2024
- In Favour of Assessee
- Citation Number : TS-12-HC-2024(DEL)
- Tax Payer : BT Global Communications India Pvt. Ltd