Rulings ( 15461 results )

ITAT: Property not business asset for wealth-tax when rent offered to tax u/s 24

  • In Favour of Assessee
  • Citation Number : TS-682-ITAT-2020(Bang)
  • Tax Payer : Shastha Pharma Laboratories Pvt. Ltd

HC: AO's 'Nil' TDS certificate rejection not amenable to revision u/s 264 considering CBDT's amended e-application norms

  • In Favour of Assessee
  • Citation Number : TS-679-HC-2020(DEL)
  • Tax Payer : Manpowergroup Services India Pvt. Ltd

ITAT: Quashes AO's order giving effect to CIT's revisionary order, being barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2020(CHNY)
  • Tax Payer : Ejaz Tannin Company

ITAT: Assessment made pursuant to directions given under revisionary order, quashed later, is infructuous

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2020(Mum)
  • Tax Payer : PFIZER Ltd

HC: Sets aside ex parte order favoring Revenue; Restores appeal to effectuate settlement under VsVS

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2020(DEL)
  • Tax Payer : Kalra Papers Private Limited

FC: Danish Tax Council : Fiscal transparency of revocable foreign trust rests on 'effective' and 'definitive' separability from founder's assets

  • In Favour of Revenue
  • Citation Number : TS-743-FC-2020(DEN)
  • Tax Payer : Assessee

HC: Capital grant of Rs. 570 Cr. incurred on R&D by HAL allowable as revenue expenditure u/s 37

  • In Favour of Assessee
  • Citation Number : TS-674-HC-2020(KAR)
  • Tax Payer : Hindustan Aeronautics Limited

ITAT: Gift of shares held as stock-in-trade not taxable as business income; Deletes Rs.219 Cr addition

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2020(DEL)
  • Tax Payer : Manjula Finance Ltd

ITAT: Tenancy rights is capital asset, transfer taxable as capital gains

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2020(Kol)
  • Tax Payer : Smt. Shikha Roy

ITAT: Construes share application money as capital asset; Allows capital loss set-off on transfer

  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2020(Mum)
  • Tax Payer : Morarjee Realities Ltd

SC: Dismisses SLP; HC upheld penalty, without fresh notice, despite remand of assessment

  • In Favour of Revenue
  • Citation Number : TS-675-SC-2020
  • Tax Payer : Gangadhar Narsingdas Agrawal (HUF)

ITAT: Without enabling provision, Revenue can't alter Yatra's share valuation method for taxability u/s Sec.56(2)(viib)

  • In Favour of Both, Partially
  • Citation Number : TS-669-ITAT-2020(DEL)
  • Tax Payer : TSI Yatra Pvt. Ltd

ITAT: Cannot disallow bogus purchases entirely by relying on sales tax department report

  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2020(Mum)
  • Tax Payer : Kuldeep Glass and Aluminium

ITAT: Revenue's appeal for TDS u/s 195 on CCD interest against Coffeeday lacks aroma

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2020(Bang)
  • Tax Payer : Coffeeday Enterprises Ltd

ITAT: Delivers justice to Grasim over Rs. 3700 cr tax demand, considers field officer's 'flip-flop'

  • In Favour of Revenue
  • Citation Number : TS-670-ITAT-2020(Mum)
  • Tax Payer : Grasim Industries Limited

ITAT: Bellary Mines - Sale proceeds transferred to SPV under SC order, diversion of income

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2020(Bang)
  • Tax Payer : Veerabhadrappa Sangappa & Co

SC: Clarifies on extension of Members' retirement pursuant to Tribunal Rules 2020

  • In Favour of Assessee
  • Citation Number : TS-667-SC-2020
  • Tax Payer : Madras Bar Association

ITAT: Grants FTC to Amarchand & Mangaldas on taxes 'rightly' withheld by clients under Article 12 of Indo-Japan DTAA

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2020(Mum)
  • Tax Payer : Amarchand & Mangaldas & Suresh A Shroff & Co

ITAT: Restores appeal to CIT(A), jurisdictional challenges to be adjudicated before other grounds

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2020(Bang)
  • Tax Payer : ETS Lindgren Engineering India Pvt. Ltd

ITAT: Upholds turnover-based appropriation of partners' remuneration for computing profits deductible u/s 80-IB

  • In Favour of Revenue
  • Citation Number : TS-664-ITAT-2020(CHNY)
  • Tax Payer : Accent Pharma