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Rulings ( 15467 results )
Income tax Appellate Tribunal
ITAT:Quashes reassessment initiated as matter of 'abundant caution' based on audit objections
- In Favour of Assessee
- Citation Number : TS-249-ITAT-2020(Mum)
- Tax Payer : Lionbridge Technologies P. Ltd.
Income tax Appellate Tribunal
ITAT:Allows set-off of losses from demerged co. claimed vide revised return filed after intimation u/s. 143(1)
- In Favour of Assessee
- Citation Number : TS-248-ITAT-2020(Kol)
- Tax Payer : Padma Logistics & Khanij Pvt. Ltd.
Supreme Court
SC: Dismisses SLP against HC's allowance of STPI's belated income application” statement u/s. 11
- In Favour of Assessee
- Citation Number : TS-247-SC-2020
- Tax Payer : Software Technologies Park of India
Foreign Court
FC: FC: Australian Court : Rules on 'significant influence' for construing “associates” under CFC provisions
- In Favour of Revenue
- Citation Number : TS-717-FC-2020(AUS)
- Tax Payer : BHP Billiton Limited
Income tax Appellate Tribunal
ITAT:Grants Article 8 relief to Air France on income from 'pool participation”
- In Favour of Assessee
- Citation Number : TS-246-ITAT-2020(DEL)
- Tax Payer : Air France
Income tax Appellate Tribunal
ITAT:Allows deduction of bank charges against interest income u/s. 57(1)
- In Favour of Assessee
- Citation Number : TS-245-ITAT-2020(DEL)
- Tax Payer : Chander Mohan Merwah
Income tax Appellate Tribunal
ITAT:Upholds reassessment on new ground cited as source of income for original reopening ground
- In Favour of Both, Partially
- Citation Number : TS-244-ITAT-2020(JPR)
- Tax Payer : Shri Vijay Kumar
Income tax Appellate Tribunal
ITAT:Maintenance Income taxable as IFOS not House property income; Maintenance charges deductible
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2020(DEL)
- Tax Payer : Jagatjit Industries Ltd
Income tax Appellate Tribunal
ITAT:Assessment Order passed u/s.153A passed without valid approval, null and void
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2020(DEL)
- Tax Payer : Uttarakhand Uthan Samiti
Income tax Appellate Tribunal
ITAT:Extends stay of demand citing HC-Directive owing to COVID-19 induced extraordinary circumstances”
- In Favour of Assessee
- Citation Number : TS-241-ITAT-2020(DEL)
- Tax Payer : Smt. Sangeeta Sawhney
Income tax Appellate Tribunal
ITAT:Deletes 'unexplained investment' addition u/s.69 sans business activity
- In Favour of Assessee
- Citation Number : TS-240-ITAT-2020(HYD)
- Tax Payer : Jayashree Anand Enterprises
High Court
HC: Allows assessee to raise 'jurisdictional' grounds orally under Rule 27; Non-filing of cross objections irrelevant
- In Favour of Assessee
- Citation Number : TS-239-HC-2020(DEL)
- Tax Payer : Sanjay Sawhney
Income tax Appellate Tribunal
ITAT: Stumps former cricketer Srikkanth, no-balls clever tax-planning attempt through minor sons
- In Favour of Both, Partially
- Citation Number : TS-238-ITAT-2020(CHNY)
- Tax Payer : Shri K. Srikkanth
Income tax Appellate Tribunal
ITAT:Allows developer's bad-debts claim on subsidiary share-sale as 'business loss'
- In Favour of Assessee
- Citation Number : TS-237-ITAT-2020(DEL)
- Tax Payer : Anant Raj Limited
Income tax Appellate Tribunal
ITAT:Deletes Sec 271(1)(b) penalty for not furnishing consent waiver form w.r.t. Swiss bank A/c information
- In Favour of Assessee
- Citation Number : TS-236-ITAT-2020(DEL)
- Tax Payer : Anurag Dalmia
Income tax Appellate Tribunal
ITAT:'Digital Content' developed by animation Co. not computer software; Restricts depreciation to 25
- In Favour of Revenue
- Citation Number : TS-235-ITAT-2020(CHNY)
- Tax Payer : Pentamedia Graphics Ltd
Income tax Appellate Tribunal
ITAT:Company eligible for TDS-credit w.r.t commission received by director on its behalf
- In Favour of Assessee
- Citation Number : TS-234-ITAT-2020(Mum)
- Tax Payer : Easylink Insurance Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Investment in company with dissimilar object, a capital asset; Write-off thereof not business loss
- In Favour of Revenue
- Citation Number : TS-233-ITAT-2020(DEL)
- Tax Payer : National Research Development Corporation
Income tax Appellate Tribunal
ITAT:Limitation period for Sec.263 starts from original assessment w.r.t matters not dealt in reassessment
- In Favour of Assessee
- Citation Number : TS-232-ITAT-2020(DEL)
- Tax Payer : Jindal Steel & Power Ltd
Income tax Appellate Tribunal
ITAT:Rules on reckoning 90 days time-limit prescribed for pronouncement of orders in Covid-times
- In Favour of Assessee
- Citation Number : TS-231-ITAT-2020(Mum)
- Tax Payer : JSW Limited