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Rulings ( 15461 results )
Income tax Appellate Tribunal
ITAT:Date of registration irrelevant for Sec. 56(2)(vii)(b) as substantial obligation discharged on date of agreement
- In Favour of Assessee
- Citation Number : TS-604-ITAT-2020(Mum)
- Tax Payer : Shri Siraj Ahmed Jamalbhai Bora
Income tax Appellate Tribunal
ITAT:Deletes entire disallowance u/r 8D on availability of sufficient owned funds
- In Favour of Assessee
- Citation Number : TS-603-ITAT-2020(Mum)
- Tax Payer : Godrej Properties Limited
Income tax Appellate Tribunal
ITAT: Set-off of prior years' loss mandatory u/s 72, allowable via rectification application
- In Favour of Assessee
- Citation Number : TS-602-ITAT-2020(Bang)
- Tax Payer : Mistral Solutions Pvt.Ltd
Income tax Appellate Tribunal
ITAT: Allows capitalisation of forex loss on ECB utilised in acquiring capital asset in India
- In Favour of Assessee
- Citation Number : TS-601-ITAT-2020(PUN)
- Tax Payer : Aesseal India Pvt. Ltd
Foreign Court
FC: Canadian Tax Court: Frustrating 'the purpose' of tax provision - a prerequisite for GAAR
- In Favour of Assessee
- Citation Number : TS-739-FC-2020(CAN)
- Tax Payer : Rogers Enterprises
High Court
HC:Rejects Revenue's plea for withholding Tata Teleservices' refund against anticipated demand
- In Favour of Assessee
- Citation Number : TS-599-HC-2020(DEL)
- Tax Payer : Tata Teleservices Limited
High Court
HC: Accepts assessee's accounting per AS-9 as Revenue couldn't establish distortion of profits
- In Favour of Assessee
- Citation Number : TS-598-HC-2020(KAR)
- Tax Payer : Medi Assist (India) Tpa Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Possession of Insider information no ground for claiming exemption from dividend stripping provisions
- In Favour of Both, Partially
- Citation Number : TS-597-ITAT-2020(Ahd)
- Tax Payer : Yesha Electricals Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Revised computation through letter acceptable before appellate authorities, applies NTPC ruling
- In Favour of Assessee
- Citation Number : TS-596-ITAT-2020(Bang)
- Tax Payer : TRC Engineering India Pvt. Ltd
Supreme Court
SC:Dismisses SLP; HC ruled that JV (AoP) not liable where members taxed at MMR
- In Favour of Assessee
- Citation Number : TS-595-SC-2020
- Tax Payer : Backbone Projects Ltd
Income tax Appellate Tribunal
ITAT:Allows FTC to Indian employed in IBM, UK; Treaty exemption on short-stay inapplicable
- In Favour of Assessee
- Citation Number : TS-594-ITAT-2020(DEL)
- Tax Payer : Kapil Dev Ranwan
High Court
HC:Manpower supply business through electronic database eligible for Sec. 10A deduction; Applies CBDT notification
- In Favour of Assessee
- Citation Number : TS-593-HC-2020(KAR)
- Tax Payer : NTT Data Global Advisory Services Pvt. Ltd
High Court
HC: Stays 100 tax-demand on 'prima facie' covered issue; Defers pending refund until appeal disposal
- In Favour of Assessee
- Citation Number : TS-592-HC-2020(DEL)
- Tax Payer : Alcatel Lucent International
High Court
HC: Rejects retrospective cancellation of Trust's registration; DIT(E) can't examine funds' application
- In Favour of Assessee
- Citation Number : TS-591-HC-2020(MAD)
- Tax Payer : Thanthi Trust
Income tax Appellate Tribunal
ITAT:Rejects Sec. 68 invocation on 'fake/bogus' entries; Discharge of onus by assessee impracticable
- In Favour of Assessee
- Citation Number : TS-590-ITAT-2020(Ahd)
- Tax Payer : Rich Paints Ltd
Income tax Appellate Tribunal
ITAT:Transfer of shops through share transaction, not colourable device; Not amenable to Sec. 50C
- In Favour of Assessee
- Citation Number : TS-589-ITAT-2020(Bang)
- Tax Payer : Sunita S Bathija
Foreign Court
FC: UK Tribunal: Oil royalties received for settling loan taxable as 'income from immovable property'
- In Favour of Assessee
- Citation Number : TS-738-FC-2020(UK)
- Tax Payer : Royal Bank of Canada
Income tax Appellate Tribunal
ITAT: Allows deduction u/s 10AA to RIL against 'gross profits'; CSR disallowance u/s 37(1) prospective
- In Favour of Assessee
- Citation Number : TS-588-ITAT-2020(Mum)
- Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal
ITAT:Unabsorbed depreciation of dissolved firm allowable to successor proprietorship
- In Favour of Assessee
- Citation Number : TS-587-ITAT-2020(HYD)
- Tax Payer : Yerram Venkata Subba Reddy
Income tax Appellate Tribunal
ITAT:Time charter receipts for vessel and crew not 'royalty' under India-Singapore DTAA
- In Favour of Assessee
- Citation Number : TS-586-ITAT-2020(Mum)
- Tax Payer : Smit Singapore Pte Ltd