Direct tax Rulings

In Favour of Assessee
Citation Number : TS-796-ITAT-2023(Mum)
Tax Payer : Reuters Asia Pacific Ltd. (Successor on Amalgamation to Reuter Television Mauritius Limited)

Income tax Appellate Tribunal

ITAT: Sec.68 inapplicable on trade advances, deposited during demonetisation, since substantiated by jewellery-sale

Dec 27, 2023

In Favour of Assessee
Citation Number : TS-794-ITAT-2023(CHNY)
Tax Payer : Sahana Jewellery - Exports Pvt. Ltd

Income tax Appellate Tribunal

ITAT: ITAT: Sponsorship payments for Cricket matches not royalty; IOCL not liable for TDS

Dec 27, 2023

In Favour of Assessee
Citation Number : TS-789-ITAT-2023(Mum)
Tax Payer : Indian Oil Corporation Ltd

High Court

HC: HC: Interim relief to Cognizant in buyback-DDT case; Directs to pay Rs.1500 Cr. & deposit property title deeds

Dec 26, 2023

In Favour of Both, Partially
Citation Number : TS-792-HC-2023(MAD)
Tax Payer : Cognizant Technology Solutions India Pvt. Ltd

Income tax Appellate Tribunal

ITAT: DIN-less reassessment order non est; Affirms mandatory nature of CBDT's DIN Circular

Dec 26, 2023

In Favour of Assessee
Citation Number : TS-791-ITAT-2023(CHANDI)
Tax Payer : SPS Structures Ltd

Income tax Appellate Tribunal

ITAT: Upholds consortium's taxability as AOP over 'unified' control & management of tax liability

Dec 26, 2023

In Favour of Both, Partially
Citation Number : TS-790-ITAT-2023(DEL)
Tax Payer : Pico Deepali Overlays Consortium

Income tax Appellate Tribunal

ITAT: Rules on PE constitution for US Co.; Follows Formula One & E-Funds judgments

Dec 26, 2023

In Favour of Assessee
Citation Number : TS-786-ITAT-2023(DEL)
Tax Payer : EXL Service.Com INC

Income tax Appellate Tribunal

ITAT: 'Date of service' not 'date of order' relevant for appeal-filing limitation before NFAC

Dec 23, 2023

In Favour of Assessee
Citation Number : TS-778-ITAT-2023(PUN)
Tax Payer : Zainab Abbas Lokhandwala

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Rulings ( 15098 results )

SC: Dismisses Revenue’s SLP against CSR expenditure allowability under pre-amendment Sec.37(1); Keeps legal question open

HC: Rejects jurisdictional challenge by Assessee under Central Charge w.r.t. Sec.143(2) notice by faceless authority

PBPTAT: Property acquired before 2016 amendment & held subsequently triggers Benami Act provisions

HC: Invalidates foreign investors' reassessment proceedings involving alleged round-tripping

ITAT: Corporate expenditure allocation between STPI & non-STPI units acceptable due to consistency

ITAT: Deletes Sec.68 addition since third party's cross-examination not allowed & Assessee discharged onus

HC: Quashes reassessment for being inspired from review by new officer

HC: Absent separate cash-payment vouchers, confirms Sec.40A(3) disallowance; Rejects 'perversity' plea

HC: Sec.271E penalty unsustainable since based on wrong assumption of cash transaction

ITAT: ITAT: HCL Group Cos. independently provide services to customers abroad, revenue-share not FTS

HC: No TCS on bar-license fee as empty liquor bottle collection not 'scrap sale'

HC: Penalty reduction entitles MRF Chairman to compounding of tax-evasion & false statement offences

ITAT: Unsigned assessment order bad in law; Interprets Sec.282A & rejects 'procedural flaw' plea

ITAT: Sec.68 inapplicable on trade advances, deposited during demonetisation, since substantiated by jewellery-sale

ITAT: ITAT: Sponsorship payments for Cricket matches not royalty; IOCL not liable for TDS

HC: HC: Interim relief to Cognizant in buyback-DDT case; Directs to pay Rs.1500 Cr. & deposit property title deeds

ITAT: DIN-less reassessment order non est; Affirms mandatory nature of CBDT's DIN Circular

ITAT: Upholds consortium's taxability as AOP over 'unified' control & management of tax liability

ITAT: Rules on PE constitution for US Co.; Follows Formula One & E-Funds judgments

ITAT: 'Date of service' not 'date of order' relevant for appeal-filing limitation before NFAC