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Rulings ( 15452 results )

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Income tax Appellate Tribunal

ITAT: Allows FTC on aggregate of net business & other income from Ghana

  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2022(Bang)
  • Tax Payer : Invendis Technologies India Private Limited
High Court

HC: HC: Upholds higher compounding fee for 'repeat TDS offender' as per CBDT Guidelines

  • In Favour of Revenue
  • Citation Number : TS-334-HC-2022(DEL)
  • Tax Payer : Maspar Industries Private Limited & Ors
High Court

HC: Quashes reassessment notice over taxability of Wipro's shares gifted to Azim Premji Trust’s corpus

  • In Favour of Assessee
  • Citation Number : TS-333-HC-2022(KAR)
  • Tax Payer : Azim Premji Trustee Company Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Receipts from sale of Microsoft's retail products, cloud services not taxable as royalty

  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2022(DEL)
  • Tax Payer : Microsoft Regional Sales Pte. Ltd
Income tax Appellate Tribunal

ITAT: Interest on sum paid to National Pharma Pricing Authority for drugs' overpricing, allowable under Sec.37(1) & 43B

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2022(DEL)
  • Tax Payer : T.C. Healthcare P. Ltd
Income tax Appellate Tribunal

ITAT: Royalty paid by Nefab India for technical know-how under licence agreement with Swedish parent, revenue expenditure

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2022(DEL)
  • Tax Payer : Nefab India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Non-compete fee, ‘a right in personam’, ineligible for depreciation under Sec.32

  • In Favour of Revenue
  • Citation Number : TS-325-ITAT-2022(DEL)
  • Tax Payer : Sagar Ratna Restaurants Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Transportation business carried out through hired vehicles not covered by Sec.194C

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2022(SUR)
  • Tax Payer : Ajay Dahyabhai Patel
Income tax Appellate Tribunal

ITAT: Interest on delayed payment of TDS, compensatory in nature, deductible in computing taxable income

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2022(Mum)
  • Tax Payer : Resolve Salvage & Fire India Private Limited
Income tax Appellate Tribunal

ITAT: Disallows Havmor interest on borrowings for extension of business, reflected as Capital WIP

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2022(Ahd)
  • Tax Payer : Havmor Ice Cream Limited
High Court

HC: Holds cancellation of Trust’s registration basis third party statement, devoid of satisfaction under Sec 12AA(3), unsustainable

  • In Favour of Assessee
  • Citation Number : TS-326-HC-2022(CAL)
  • Tax Payer : Sanskriti Sagar
Income tax Appellate Tribunal

ITAT: Holds additions basis change in accounting method for AMC contract revenue, untenable

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2022(CHNY)
  • Tax Payer : Fuji Electric Consul Neowatt Pvt.Ltd.
Income tax Appellate Tribunal

ITAT: Holds provisional & conditional registration under Sec.12AB for registered trust, improper; Remits for de novo consideration

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2022(Mum)
  • Tax Payer : Saifee Burhani Upliftment Trust
Income tax Appellate Tribunal

ITAT: Outsourcing charges paid by iRunway to US-subsidiary not FTS; Distinguishes between ‘make available’ & ‘make use’

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2022(Bang)
  • Tax Payer : IRunway India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Moin Qureshi's assessment as representative of French Architect Jean Louis Deniot

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2022(DEL)
  • Tax Payer : Moin Akhtar Qureshi
Income tax Appellate Tribunal

ITAT: Facilitating land acquisition by employee for Sun Pharma, ‘adventure in nature of trade’, taxable as business income

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2022(Ahd)
  • Tax Payer : Kanubhai M. Patel
Income tax Appellate Tribunal

ITAT: Quashes revisionary order against Tata Power over allowability of Rs.171 Cr. of interest on perpetual debt instruments

  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2022(Mum)
  • Tax Payer : The Tata Power Co. Ltd
Income tax Appellate Tribunal

ITAT: Holds Tata AIG eligible for depreciation under Sec.32 & deduction of reinsurance premium of Rs.635 Cr. paid to Foreign Cos.

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2022(Mum)
  • Tax Payer : Tata AIG General Insurance Company Ltd
Income tax Appellate Tribunal

ITAT: Holds processing of return, basis tax audit report but contrary to jurisdictional HC rulings, legally vitiated

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2022(Mum)
  • Tax Payer : Kalpesh Synthetics Pvt Ltd
Supreme Court

SC: Approves Allahabad HC Full Bench judgment holding no deemed registration under Sec.12AA

  • In Favour of Revenue
  • Citation Number : TS-319-SC-2022
  • Tax Payer : Harshit Foundation Sehmalpur Jalalpur Jaunpur