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Rulings ( 15098 results )
Income tax Appellate Tribunal
ITAT: Absent one-to-one link, rejects reimbursement plea on marketing & advertisement expenses; Upholds Sec.40(a)(ia) disallowance
Dec 11, 2023
- In Favour of Assessee
- Citation Number : TS-742-ITAT-2023(Kol)
- Tax Payer : Dey’s Medical (U.P) Pvt. Ltd
Supreme Court
SC: Dismisses IT Dept.'s review petition in ZTE on software taxation
Dec 09, 2023
- In Favour of Assessee
- Citation Number : TS-741-SC-2023
- Tax Payer : ZTE Corporation
Income tax Appellate Tribunal
ITAT: ITAT: Deletes TDS-default penalty on foreign remittance basis bona fide belief of no taxability
Dec 09, 2023
- In Favour of Assessee
- Citation Number : TS-737-ITAT-2023(JPR)
- Tax Payer : Isys Softech Private Limited
Income tax Appellate Tribunal
ITAT: Upholds revision based on audit objection for Sec.43B disallowance & unsubstantiated cash payments
Dec 09, 2023
- In Favour of Revenue
- Citation Number : TS-727-ITAT-2023(Ind)
- Tax Payer : Raj Kumar Goyal
Income tax Appellate Tribunal
ITAT: ITAT: Infosys ineligible for Sec.32AC depreciation; Rules on scope of Sec.10AA deduction
Dec 09, 2023
- In Favour of Revenue
- Citation Number : TS-726-ITAT-2023(Bang)
- Tax Payer : Infosys Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.68 addition on share premium from FDI as Assessee discharged onus
Dec 09, 2023
- In Favour of Assessee
- Citation Number : TS-735-ITAT-2023(Mum)
- Tax Payer : Carlisle Trading & Manufacturing India Private Limited
High Court
HC: Dismisses Revenue's appeal absent question of perversity on Rs.100 Cr. loss from receivables-sale
Dec 09, 2023
- In Favour of Assessee
- Citation Number : TS-740-HC-2023(DEL)
- Tax Payer : Clix Capital Services Private Limited (Formerly Known As Ge Money Financialservices Private Ltd.)
Supreme Court
SC: Affirms HC decision of dismissing Revenue's plea over 2472 days appeal-filing delay
Dec 08, 2023
- In Favour of Assessee
- Citation Number : TS-749-SC-2023
- Tax Payer : Vodafone Idea Limited
Income tax Appellate Tribunal
ITAT: Stays Indigo’s outstanding demand exceeding Rs.1100 Cr.; Holds ‘no deemed appeal-withdrawal’ in VsV
Dec 08, 2023
- In Favour of Assessee
- Citation Number : TS-738-ITAT-2023(DEL)
- Tax Payer : Interglobe Aviation Limited
Foreign Court
FC: Belgian Court upholds DTAA's supremacy over domestic law for FTC allowability
Dec 08, 2023
- In Favour of Assessee
- Citation Number : TS-650-FC-2017(BLG)
- Tax Payer : J.-HL and MW
Foreign Court
FC: US Court upholds DTAA's supremacy over domestic law for FTC allowability
Dec 08, 2023
- In Favour of Assessee
- Citation Number : TS-734-FC-2023(USA)
- Tax Payer : Mathew and Catherine Kaess Christensen
High Court
HC: Rejects invocation of Sec.50C as Assessee sold land from stock; Quashes reassessment proceedings
Dec 08, 2023
- In Favour of Assessee
- Citation Number : TS-732-HC-2023(DEL)
- Tax Payer : Shourya Infrastructure Pvt. Ltd
High Court
HC: Rejects Dept.’s late arriving policeman act after letting go Mauritian seller with Rs.1,000 Cr. LTCG exemption
Dec 07, 2023
- In Favour of Assessee
- Citation Number : TS-736-HC-2023(DEL)
- Tax Payer : Cairnhill CIPEF Ltd
Income tax Appellate Tribunal
ITAT: Remands deceased IAS officer's multi-crore income assessment over violation of natural justice
Dec 07, 2023
- In Favour of Assessee
- Citation Number : TS-729-ITAT-2023(Ind)
- Tax Payer : Late Arvind Joshi
High Court
HC: Rules on Sec.80-IA deduction for Verizon's expansion; Follows New Skies on Sec.40(a)(i) disallowance
Dec 07, 2023
- In Favour of Assessee
- Citation Number : TS-733-HC-2023(DEL)
- Tax Payer : Verizone Communications India Pvt. Ltd
Supreme Court
SC: Rules on ‘market value’ of electricity for Sec.80-IA deduction; Allows switching depreciation method via ITR
Dec 06, 2023
- In Favour of Assessee
- Citation Number : TS-731-SC-2023
- Tax Payer : Jindal Steel & Others
High Court
HC: HC: HC: No prejudice in setting aside final order as objections-filing inadvertently not intimated to AO
Dec 06, 2023
- In Favour of Assessee
- Citation Number : TS-730-HC-2023(DEL)
- Tax Payer : Pepsico India Holding Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Rejects TDS liability as damages not income for non-resident shipping co.
Dec 05, 2023
- In Favour of Assessee
- Citation Number : TS-721-ITAT-2023(Ahd)
- Tax Payer : Nirma Limited
High Court
HC: Noble cause claims ‘martyrs’; Excessive tax or diminished profit per se not unconstitutional
Dec 04, 2023
- In Favour of Revenue
- Citation Number : TS-723-HC-2023(BOM)
- Tax Payer : Serum Institute of India Private Limited
Income tax Appellate Tribunal
ITAT: ITAT: 'Crossfall breach clause' no basis for combining offshore supplies & onshore services contracts
Dec 04, 2023
- In Favour of Assessee
- Citation Number : TS-724-ITAT-2023(DEL)
- Tax Payer : Jiangdong Fittings Equipments