Rulings ( 15452 results )

ITAT: Assessee-in-default u/s 201 can be assessed as agent u/s 163

  • In Favour of None/NA
  • Citation Number : TS-771-ITAT-2021(Mum)
  • Tax Payer : Braitrim India Pvt. Ltd

ITAT: Finds delay in furnishing TRC justifiable; Allows benefit of India-USA DTAA on interest income

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2021(Mum)
  • Tax Payer : Haresh C Sheth

HC: Refund withheld sans reasoned order not sustainable; Follows Bom HC's Vodafone ruling

  • In Favour of Assessee
  • Citation Number : TS-763-HC-2021(CAL)
  • Tax Payer : McNally Bharat Engineering Company Limited And Anr

ITAT: Institutions run by Sikh community open for all; Holds SGPC eligible u/s 80G

  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2021(ASR)
  • Tax Payer : Shirmoni Gurdwara Parbandhak Committee

SC: Amendment in Gratuity Act prospective; Benefits received prior to May 24, 2010 not tax-exempt u/s 10(10)

  • In Favour of Revenue
  • Citation Number : TS-764-SC-2021
  • Tax Payer : Krishna Gopal Tiwary & Anr

ITAT: Interconnected services, provided by Telenor to Unitech, under unified agreement constitutes PE in India

  • In Favour of Revenue
  • Citation Number : TS-762-ITAT-2021(DEL)
  • Tax Payer : Telenor ASA

ITAT: Non-furnishing of Form 10 by Trust not a rectifiable error u/s 154

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2021(Bang)
  • Tax Payer : Navodaya Education Trust

ITAT: Brokerage not deferrable over maturity period of MF schemes, allowable when incurred

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2021(Mum)
  • Tax Payer : Axis Asset Management Co Ltd

ITAT: AIR information insufficient to establish ‘reasons to believe’, quashes reassessment

  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2021(Kol)
  • Tax Payer : Tapan Chakraborty

ITAT: Holds assessment sans cross-examination of statements relied upon as unsustainable

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2021(CHNY)
  • Tax Payer : G. Hemalatha

ITAT: Exemption of SEZ unit not deniable on comparison with uncomparable unit

  • In Favour of Assessee
  • Citation Number : TS-650-ITAT-2021(SUR)
  • Tax Payer : Indo Auerlichit

ITAT: Write back of expenses allowable as part of income eligible for deduction u/s 10AA

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2021(DEL)
  • Tax Payer : TCS E-Serve International Limited

ITAT: ‘Purpose Test’ determinative of nature and treatment of subsidy

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2021(PUN)
  • Tax Payer : Inox Air Products Private Limited

ITAT: Conversation rate on date of receipt of USD-denominated sum to prevail for determining TDS liability

  • In Favour of Revenue
  • Citation Number : TS-761-ITAT-2021(Bang)
  • Tax Payer : NICE Systems Technologies Inc.

HC: Adjustment of dues, debts not covered u/s 41(1); SC ruling in Mahindra&Mahindra inapplicable

  • In Favour of Assessee
  • Citation Number : TS-648-HC-2021(KAR)
  • Tax Payer : Karnataka Power Transmission Corporation Ltd.

HC: Remands dispute on lower deduction u/s194-O for Cloudtail India over write-off of slow, ageing inventory

  • In Favour of Assessee
  • Citation Number : TS-760-HC-2021(DEL)
  • Tax Payer : Cloudtail India Private Limited

ITAT: TDS default on software purchase not bar against depreciation allowance; Follows Tally Solutions

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2021(Bang)
  • Tax Payer : Kawasaki Microelectronics Inc

FC: UK First-Tier Tribunal holds, LOB Clause of US-UK DTAA does not restrict unilateral credit of foreign tax

  • In Favour of Assessee
  • Citation Number : TS-759-FC-2020(UK)
  • Tax Payer : AOZORA GMAC INVESTMENTS LIMITED

ITAT: Allows choreographer Farah Khan proportionate depreciation, interest, operating expenses for residence-cum-office

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2021(Mum)
  • Tax Payer : Farah Khan

ITAT: Negligible income not enough to doubt business-commencement; Allows technology-recharge cost as revenue expenditure

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2021(Mum)
  • Tax Payer : Experian Credit Information Company Pvt. Ltd