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Rulings ( 15452 results )
Income tax Appellate Tribunal
ITAT: Date for Sec.234D interest computation, a debatable issue, not 'mistake apparent'; Sets aside rectification order
- In Favour of Assessee
- Citation Number : TS-418-ITAT-2022(Mum)
- Tax Payer : State Bank of India
Income tax Appellate Tribunal
ITAT: Letter to AO about merger plan, insufficient communication; Upholds revision of assessment order passed on amalgamating entity
- In Favour of Revenue
- Citation Number : TS-401-ITAT-2022(CHNY)
- Tax Payer : IRIS Engineering Industries Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Provision for doubtful debts excludible from total turnover, at par with export turnover, for Sec.10A deduction
- In Favour of Assessee
- Citation Number : TS-412-ITAT-2022(CHNY)
- Tax Payer : Sutherland Global Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds deduction under Sec.80-IC not available while computing book profits for MAT
- In Favour of Revenue
- Citation Number : TS-405-ITAT-2022(PUN)
- Tax Payer : Chheda Electricals and Electronics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Upholds disallowance of amount paid through bearer cheques & weekly payments to contractors
- In Favour of Revenue
- Citation Number : TS-406-ITAT-2022(PUN)
- Tax Payer : Shree Buildcon & Associates
Income tax Appellate Tribunal
ITAT: Restores appeal against reassessment over Rs.70 Lakh cash deposit by non-filer Assessee
- In Favour of Both, Partially
- Citation Number : TS-407-ITAT-2022(CHANDI)
- Tax Payer : Balwinder Singh
Income tax Appellate Tribunal
ITAT: ITAT: Expertise no bar for trading in commodity derivatives; Allows Radiologist set off against other business income
- In Favour of Assessee
- Citation Number : TS-411-ITAT-2022(LKW)
- Tax Payer : Ramesh Verma
Income tax Appellate Tribunal
ITAT: Upholds eligibility for Sec.10A exemption for period where Assessee’s exports were certified for valuation
- In Favour of Assessee
- Citation Number : TS-408-ITAT-2022(Ahd)
- Tax Payer : Quickstart Resource Management India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sec.270A penalty order not appealable before ITAT, lies before CIT(A) since covered under Sec.246A(1)(q)
- In Favour of Revenue
- Citation Number : TS-410-ITAT-2022(Mum)
- Tax Payer : Desmond Savio Theodore Fernandes
High Court
HC: Development authority taxable since income vests with State Govt. only on dissolution; Rejects 'diversion of income' plea
- In Favour of Revenue
- Citation Number : TS-413-HC-2022(UTT)
- Tax Payer : Mussoorie Dehradun Development Authority
High Court
HC: Quashes reassessment notice involving alleged rigging of penny stock; Finds no failure in information disclosure
- In Favour of Assessee
- Citation Number : TS-414-HC-2022(BOM)
- Tax Payer : Rita Rajkumar Singh
High Court
HC: HC: Sets aside penalty on DGIT(Vigilance) by CIC in absence of proven mala fide
- In Favour of Revenue
- Citation Number : TS-415-HC-2022(DEL)
- Tax Payer : Radha Raman Tripathy
High Court
HC: Holds Sec.148A(d) order patently erroneous & grossly illegal; Directs appropriate proceeding against AO, basis CBDT Instruction
- In Favour of Assessee
- Citation Number : TS-417-HC-2022(ALL)
- Tax Payer : Dharmendra Kumar Singh
Income tax Appellate Tribunal
ITAT: Additional ground for lower DDT rate admissible since raised first time; Distinguishes coordinate bench's Texas Instruments
- In Favour of Assessee
- Citation Number : TS-416-ITAT-2022(Bang)
- Tax Payer : GE BE Private Limited
High Court
HC: SC orders extending limitation during COVID applicable to compounding application; Directs CCIT to decide afresh
- In Favour of Assessee
- Citation Number : TS-409-HC-2022(DEL)
- Tax Payer : SKA Infrastructure Pvt. Ltd
High Court
HC: HC: Issues strictures, imposes Rs.50,000 cost over violation of judicial discipline while adjusting refunds against outstanding demand
- In Favour of Assessee
- Citation Number : TS-403-HC-2022(RAJ)
- Tax Payer : Rajendra Kumar Chand
Income tax Appellate Tribunal
ITAT: Holds Rs.601 Cr. spent by Wipro for developing AI, revenue in nature, not intangible asset
- In Favour of Assessee
- Citation Number : TS-402-ITAT-2022(Bang)
- Tax Payer : Wipro Limited
Income tax Appellate Tribunal
ITAT: Overseas remittances for business promotion not FTS but business income, not liable for TDS absent PE
- In Favour of Assessee
- Citation Number : TS-400-ITAT-2022(DEL)
- Tax Payer : Apurva Goswami
High Court
HC: Quashes reassessment of cash deposited during demonetisation since blindly based on CBDT Instruction on 'potential cases'
- In Favour of Assessee
- Citation Number : TS-399-HC-2022(ALL)
- Tax Payer : Awlesh Kumar Singh
High Court
HC: Compounding of offences not prejudicial to Revenue's interest; Grants second opportunity, 6 weeks' time
- In Favour of Assessee
- Citation Number : TS-397-HC-2022(KAR)
- Tax Payer : Nasiruddin