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Rulings ( 15452 results )
Income tax Appellate Tribunal
ITAT: Addition u/s 69A on excessive stock in books cannot exceed profit element
- In Favour of Assessee
- Citation Number : TS-1083-ITAT-2021(Mum)
- Tax Payer : Mahendra Brothers Exports Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes enhancement of interest disallowance by CIT(A) against interest-free loans to subsidiaries, not considered by AO
- In Favour of Assessee
- Citation Number : TS-1080-ITAT-2021(DEL)
- Tax Payer : Lucina Land Development Ltd
Supreme Court
SC: Submission on merits does not empower ITAT to recall its order u/s 254(2)
- In Favour of Revenue
- Citation Number : TS-1085-SC-2021
- Tax Payer : Reliance Telecom Limited
High Court
HC: Following Allahabad HC, quashes reassessment notices; Allows Revenue to initiate reassessment under new regime
- In Favour of Assessee
- Citation Number : TS-1081-HC-2021(RAJ)
- Tax Payer : Bpip Infra Private Limited
Foreign Court
FC: Supreme Court of Spain denies MAP under Spain-Germany DTAA as GAAR triggers
- In Favour of Revenue
- Citation Number : TS-1079-FC-2021(SPN)
- Tax Payer : SGL Carbon Holding S.L
Income tax Appellate Tribunal
ITAT: VAT refund under UP Industrial Policy, linked to capital investment, not liable to tax
- In Favour of Assessee
- Citation Number : TS-1078-ITAT-2021(DEL)
- Tax Payer : Uflex Limited
High Court
HC: HC: Revenue submits Report on system’s functionalities over non-compliance of refund order by CPC
- In Favour of Assessee
- Citation Number : TS-1077-HC-2021(DEL)
- Tax Payer : Intertek India Private Limited
High Court
HC: Sets aside ITAT order against Volvo India, remands appeal over TDS dispute on year-end ad hoc provisions
- In Favour of Assessee
- Citation Number : TS-1076-HC-2021(KAR)
- Tax Payer : Volvo India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ITAT: ITAT: Charges for WAN services outside India not taxable as Royalty; Follows Asia Satellite, Siemens over Verizon
- In Favour of Assessee
- Citation Number : TS-1075-ITAT-2021(Bang)
- Tax Payer : J & P Coats Ltd
Income tax Appellate Tribunal
ITAT: Revisionary jurisdiction u/s 263 not fettered during pendency of appeal before CIT(A); Expounds on Doctrine of Merger
- In Favour of Revenue
- Citation Number : TS-1074-ITAT-2021(JPR)
- Tax Payer : JR Industries
High Court
HC: Allows carry forward of loss for AY 2008-09 despite delayed furnishing of ITR-V; Discards Revenue's objection as hyper-technical
- In Favour of Assessee
- Citation Number : TS-1073-HC-2021(KAR)
- Tax Payer : Electronics And Controls Power Systems Pvt Ltd
High Court
HC: Employee-Pilot eligible for credit of taxes deducted but not deposited by Kingfisher Airlines
- In Favour of Assessee
- Citation Number : TS-1072-HC-2021(GUJ)
- Tax Payer : Kartik Vijaysinh Sonavane
High Court
HC: Refers questions for larger bench on condonation of delay in application u/s 378(4) of Cr.P.C. against D.V. Salgaonkar's acquittal from prosecution u/s 277A
- In Favour of None/NA
- Citation Number : TS-1071-HC-2021(BOM)
- Tax Payer : Dattaraj Vassudeva Salgaonkar
High Court
HC: Restrains from interfering in concurrent findings of ITAT, CIT(A) holding Sec.50C non-invokable
- In Favour of Assessee
- Citation Number : TS-1070-HC-2021(DEL)
- Tax Payer : Shailja Pasricha
High Court
HC: Imposes cost, criticizes Revenue’s lackadaisical approach on faceless assessment
- In Favour of Assessee
- Citation Number : TS-1069-HC-2021(BOM)
- Tax Payer : Parag Kishorchandra Shah
High Court
HC: Quashes faceless assessment order for violation of principles of natural justice
- In Favour of Assessee
- Citation Number : TS-1065-HC-2021(KAR)
- Tax Payer : Hasham Investment And Trading Company Private Limited
Income tax Appellate Tribunal
ITAT: Allows interest on loans to sister concerns for meeting capex on principle of commercial expediency
- In Favour of Assessee
- Citation Number : TS-1063-ITAT-2021(DEL)
- Tax Payer : Gem Engineering P. Ltd
High Court
HC: Sets aside reassessment over dispute on date of approval by Addl. CIT
- In Favour of Assessee
- Citation Number : TS-1066-HC-2021(BOM)
- Tax Payer : River Valley Meadows and Township (P) Limited
High Court
HC: Reopening of assessment basis change of opinion over nature of expenditure & regulatory bar of MCI, invalid
- In Favour of Assessee
- Citation Number : TS-1067-HC-2021(BOM)
- Tax Payer : Rich Feel Health and Beauty Private Limited
High Court
HC: Upholds registration of educational institution u/s 12A; Amendment of Trust Deed, not contrary to charitable objects
- In Favour of Assessee
- Citation Number : TS-1064-HC-2021(KAR)
- Tax Payer : Krupanidhi Educational Trust