Filters

Keyword Search Authority Location Search by Name In Favour of Industry Date of Pronouncement Case Type Citation Number
close

Rulings ( 15452 results )

Filters
High Court

HC: CIT cannot invoke revisionary power for AY prior to 2015 amendment in Sec.263, over AO inadequate inquiry

  • In Favour of Assessee
  • Citation Number : TS-664-HC-2022(BOM)
  • Tax Payer : Shivshahi Punarvasan Prakalp Ltd
High Court

HC: Allows ESOP expenditure to PVR by following Karnataka HC ruling in Biocon

  • In Favour of Assessee
  • Citation Number : TS-675-HC-2022(DEL)
  • Tax Payer : PVR Ltd
Income tax Appellate Tribunal

ITAT: Remits JSW's appeal over allowability of CSR expenditure incurred beyond statutory limits

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2022(Mum)
  • Tax Payer : JSW Cement Ltd
Income tax Appellate Tribunal

ITAT: Disallows expenditure against land sale-proceeds as incurred to clear self-created encumbrance & compensate related parties

  • In Favour of Revenue
  • Citation Number : TS-673-ITAT-2022(CHNY)
  • Tax Payer : Jayapal Sanjay
Income tax Appellate Tribunal

ITAT: Payment to Red Hat Singapore by Indian arm for software subscription, not taxable as Royalty or FTS

  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2022(Mum)
  • Tax Payer : Red Hat India Pvt. Ltd
Supreme Court

SC: Reiterates law on bad debts’ allowability; Disallows deduction where sum not written-off in books as irrecoverable

  • In Favour of Revenue
  • Citation Number : TS-671-SC-2022
  • Tax Payer : Khyati Realtors Pvt. Ltd
Foreign Court

FC: FC: UK's Upper Tribunal upholds replacing cash with preference shares for part consideration in share-transfer, as tax avoidance not main purpose

  • In Favour of Assessee
  • Citation Number : TS-668-FC-2022(UK)
  • Tax Payer : Euromoney Institutional Investor PLC
Income tax Appellate Tribunal

ITAT: Holds option agreement with group entity for interim funding as commercially prudent, not sham transaction

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2022(Mum)
  • Tax Payer : K. Raheja Pvt. Ltd
High Court

HC: Follows SC ruling in Rajesh Jhaveri to uphold reassessment proceeding against Big 4's US arm under new regime

  • In Favour of Revenue
  • Citation Number : TS-667-HC-2022(DEL)
  • Tax Payer : Ernst And Young U.S. LLP
Supreme Court

SC: SC: Holds Benami Act amendments as substantive in nature; Forfeiture envisaged, punitive in nature, cannot be retroactive

  • In Favour of Assessee
  • Citation Number : TS-665-SC-2022
  • Tax Payer : Ganpati Dealcom Pvt. Ltd
Supreme Court

SC: Declines to interfere with Karnataka HC judgment on valuation of IISc employees' residential accommodation

  • In Favour of Revenue
  • Citation Number : TS-662-SC-2022
  • Tax Payer : Indian Institute Of Science
Income tax Appellate Tribunal

ITAT: Intimation not assessment order for all purposes but subject to 4 years' limitation for rectification

  • In Favour of Revenue
  • Citation Number : TS-660-ITAT-2022(HYD)
  • Tax Payer : Zintec Software (P) Ltd
High Court

HC: VsV benefit applicable to Company petition for interest-waiver; Holds Revenue's approach 'hyper technical'

  • In Favour of Assessee
  • Citation Number : TS-661-HC-2022(DEL)
  • Tax Payer : Kapri International (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds income declaration by land owner under Project Completion Method; Advances not taxable on receipt basis

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2022(Mum)
  • Tax Payer : Suratchandra B. Thakkar (HUF)
Income tax Appellate Tribunal

ITAT: Allows revised return based on consolidated balance sheet pursuant to amalgamation, against defective return notice

  • In Favour of Assessee
  • Citation Number : TS-650-ITAT-2022(DEL)
  • Tax Payer : Rohit Bal Designs Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds reassessment notice issued before expiry of time limit for initiating scrutiny assessment

  • In Favour of Revenue
  • Citation Number : TS-654-ITAT-2022(Bang)
  • Tax Payer : C. Gangadhara Murthy
Income tax Appellate Tribunal

ITAT: 10% margin under Sec.43CA applicable retrospectively, since beneficial in nature

  • In Favour of Assessee
  • Citation Number : TS-658-ITAT-2022(PUN)
  • Tax Payer : Sai Bhargavanath Infra
Income tax Appellate Tribunal

ITAT: Depreciation on capacitors 'ready to use' not allowable due to termination of lease; Remits on allowability as business loss

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2022(Mum)
  • Tax Payer : L&T Ltd
Supreme Court

SC: Situs of officer who actually assesses is relevant for deciding HC’s appellate jurisdiction, despite transfer of 'case' under Sec.127

  • In Favour of Both, Partially
  • Citation Number : TS-656-SC-2022
  • Tax Payer : ABC Papers Limited
Income tax Appellate Tribunal

ITAT: Reference to DVO without rejecting Assessee's books, invalid; 2014 amendment to Sec.142A not retrospective

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2022(Bang)
  • Tax Payer : K. Satish Kumar