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Rulings ( 15452 results )
Income tax Appellate Tribunal
ITAT: Dispels clubbing provisions where sources of funds not doubted; Allows HRA on rent paid to spouse
- In Favour of Assessee
- Citation Number : TS-152-ITAT-2022(DEL)
- Tax Payer : Abhay Kumar Mittal
Income tax Appellate Tribunal
ITAT: Deletes addition for alleged penny stock sale absent incriminating material
- In Favour of Assessee
- Citation Number : TS-122-ITAT-2022(Mum)
- Tax Payer : Vipul Suresh Kumar Modi
Income tax Appellate Tribunal
ITAT: Change in shareholding of ultimate parent company, no trigger for denying set-off of brought forward losses
- In Favour of Assessee
- Citation Number : TS-151-ITAT-2022(DEL)
- Tax Payer : WSP Consultants India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows exemption of income wrongly recorded in subsequent AY due to error in computer software
- In Favour of Assessee
- Citation Number : TS-154-ITAT-2022(Mum)
- Tax Payer : Breach Candy Swimming Bath Trust
Income tax Appellate Tribunal
ITAT: Date of possession, not date of registration relevant for construing purchase for Sec.54 benefit
- In Favour of Assessee
- Citation Number : TS-155-ITAT-2022(Mum)
- Tax Payer : Reji Easow
High Court
HC: Quashes reassessment notice for alleged income escapement over disclosed contingent liability
- In Favour of Assessee
- Citation Number : TS-164-HC-2022(DEL)
- Tax Payer : KURZ INDIA PRIVATE LIMITED
High Court
HC: HC: Reiterates law on taxation of software distribution following SC ruling in Engineering Analysis
- In Favour of Assessee
- Citation Number : TS-161-HC-2022(DEL)
- Tax Payer : Gracemac Corporation
Income tax Appellate Tribunal
ITAT: Addition based on information from FT&TR Div., Panama Papers not sustainable for lack of evidence
- In Favour of Assessee
- Citation Number : TS-168-ITAT-2022(DEL)
- Tax Payer : Satya Prakash Gupta
High Court
HC: Allows foreign tour to Jayant Nanda amidst pending BMA investigation; Imposes several conditions
- In Favour of Assessee
- Citation Number : TS-169-HC-2022(DEL)
- Tax Payer : Jayant Nanda
Income tax Appellate Tribunal
ITAT: JV's factory in India not fixed place PE absent ‘control’ over premises; Rejects supervisory PE plea
- In Favour of Assessee
- Citation Number : TS-167-ITAT-2022(DEL)
- Tax Payer : FCC Co. Ltd
Income tax Appellate Tribunal
ITAT: Expounds principles on condonation of delay, remands appeal to CIT(A) in interest of justice
- In Favour of Assessee
- Citation Number : TS-162-ITAT-2022(DEL)
- Tax Payer : Surendra Singh
Foreign Court
FC: Swedish Supreme Court decides against constitution of PE basis time gap in unrelated projects despite common executor
- In Favour of Assessee
- Citation Number : TS-869-FC-2019(SWD)
- Tax Payer : Kompleksowa Obsluga Boduwnictwa sp.zo.o.
High Court
HC: Ingram Micro Inc., as guarantor to SPA, not liable for TDS on payment made by WOS
- In Favour of Assessee
- Citation Number : TS-160-HC-2022(BOM)
- Tax Payer : Ingram Micro Inc.
High Court
HC: Revenue to consider compounding application on merits as ground of limitation & accused's conviction do not survive
- In Favour of Assessee
- Citation Number : TS-159-HC-2022(DEL)
- Tax Payer : Jai Singh Goel
Income tax Appellate Tribunal
ITAT: Baker Hughes’ interest on IT refund taxable at 15%; Not ‘effectively connected with PE’ to attract 40% tax
- In Favour of Assessee
- Citation Number : TS-158-ITAT-2022(DDN)
- Tax Payer : Baker Hughes Singapore Pte
Income tax Appellate Tribunal
ITAT: Architect’s fees for quantifying transferable area deductible against sale consideration for land development rights
- In Favour of Assessee
- Citation Number : TS-157-ITAT-2022(Mum)
- Tax Payer : Standard Industries Limited
Income tax Appellate Tribunal
ITAT: FD interest earned by Sports Authority of Gujarat taxable as IFOS, not PGBP; Disallows depreciation
- In Favour of Assessee
- Citation Number : TS-156-ITAT-2022(Ahd)
- Tax Payer : Sports Authority of Gujarat
Income tax Appellate Tribunal
ITAT: Service tax reimbursed to Insurance Co. under commercial agreement, deductible under Sec.37(1)
- In Favour of Assessee
- Citation Number : TS-150-ITAT-2022(DEL)
- Tax Payer : Amsure Insurance Agency Ltd
Income tax Appellate Tribunal
ITAT: Claim for treaty benefit not rebutted by Revenue, simply relying on domestic tax provisions unsustainable
- In Favour of Assessee
- Citation Number : TS-153-ITAT-2022(Kol)
- Tax Payer : Rajat Dhara
High Court
HC: Dismisses MP’s writ against addition of seized cash; Finds ownership claimed by party worker, unsubstantiated
- In Favour of Revenue
- Citation Number : TS-148-HC-2022(MAD)
- Tax Payer : Durai Murugan Kathir Anand