Rulings ( 15452 results )

ITAT: Deletes Section 68 addition attributable to loan transaction substantiated by documents, lender’s response to section 133(6)

  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2022(Mum)
  • Tax Payer : Talisman Securities Pvt. Ltd

ITAT: Sec.69A inapplicable on cash deposited during demonetisation, basis past trend of regular deposits

  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2022(HYD)
  • Tax Payer : Lateef Abdul Mohd.

ITAT: Quashes Genpact's revisionary order as AO made sufficient inquiries, expressed satisfaction

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2022(DEL)
  • Tax Payer : Genpact Consulting [Singapore] Pte Ltd

HC: Denies lawyer’s presence during PMLA interrogation sans apprehension of coercion

  • In Favour of Revenue
  • Citation Number : TS-483-HC-2022(DEL)
  • Tax Payer : Satyendar Kumar Jain

HC: HC: Quashes prosecution initiated subsequent to deposit of TDS-default amount with interest

  • In Favour of Assessee
  • Citation Number : TS-478-HC-2022(JHAR)
  • Tax Payer : Dev Multicom Private Ltd

ITAT: 'Effective Connection' with PE, prerequisite for taxability of interest under Art.7; Rejects Revenue's plea of exclusion under Art.11(6)

  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2022(Mum)
  • Tax Payer : Marubeni Corporation, Japan

HC: HC: Quashes assessment based on TPO reference after expiry of time limit u/s 153; Disregards Revenue's estoppel plea

  • In Favour of Assessee
  • Citation Number : TS-474-HC-2022(MAD)
  • Tax Payer : Virtusa Consulting Services Pvt. Ltd

HC: Rejects HDFC Bank's application for quashing Revenue's FIR against contravention of Sec.132(3) restraint order

  • In Favour of Revenue
  • Citation Number : TS-472-HC-2022(PAT)
  • Tax Payer : H.D.F.C. Bank

HC: Holds Sections 144C and 153 to be mutually-inclusive; Limitation period u/s. 153(2A) or 153(3) applicable in remand cases

  • In Favour of Assessee
  • Citation Number : TS-473-HC-2022(MAD)
  • Tax Payer : Roca Bathroom Products Private Limited

HC: Calcutta HC dissects penny stock transactions, reiterates ITAT's role as final fact finding authority

  • In Favour of Revenue
  • Citation Number : TS-471-HC-2022(CAL)
  • Tax Payer : Swati Bajaj and Others

ITAT: ITAT: Bandwidth charges reimbursed by Madura Coats to UK Group Co., neither royalty nor FTS

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2022(Bang)
  • Tax Payer : Madura Coats Pvt Ltd

ITAT: Transfer of shares with eroding net-worth received from loan-conversion, colourable device; Rejects commercial expediency plea

  • In Favour of Revenue
  • Citation Number : TS-468-ITAT-2022(Bang)
  • Tax Payer : O3 Capital Global Advisory Pvt. Ltd

ITAT: Trust making surplus no ground for denying Sec.10(23C)(v) benefit; Allows exemption to Gurudwara Nanded Sahib

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2022(PUN)
  • Tax Payer : The Nanded Sikhgurudwara Sachkhand Hazur Apchalnagar Sahib

ITAT: Taxability of corpus donation, debatable issue, not rectifiable under Sec.154

  • In Favour of Revenue
  • Citation Number : TS-463-ITAT-2022(CHNY)
  • Tax Payer : Periyasamy Pillai Educational Trust

ITAT: Submission in rectification proceeding cannot lead to review of order; Dismisses MA

  • In Favour of Revenue
  • Citation Number : TS-466-ITAT-2022(DEL)
  • Tax Payer : Sahara India Life Insurance Co. Ltd

ITAT: ITAT: Manner of disbursement not decisive for determining nature of subsidy; Holds incentive for industrial growth, capital receipt

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2022(PUN)
  • Tax Payer : Haldex India Pvt. Ltd

ITAT: Development charges paid to town planning authorities not liable to TDS; Deletes Sec.271C penalty

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2022(DEL)
  • Tax Payer : Satya Developers Pvt. Ltd

ITAT: ITAT: Communication charges paid to Cerner Corp. not taxable as royalty, not liable for TDS

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2022(Bang)
  • Tax Payer : Cerner Healthcare Solutions India Private Ltd

ITAT: Differential stamp duty arising due to purchase of property other than one originally agreed, not taxable

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2022(Mum)
  • Tax Payer : Sanika Avadhoot

ITAT: Camera charges, interest income for snake catchers society eligible for 80P deduction

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2022(CHNY)
  • Tax Payer : Irula Snake Catchers Industrial Co-operative Society Limited