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Rulings ( 15468 results )
Income tax Appellate Tribunal
ITAT:Compensation received for not letting-out property for specified period, taxable as IFOS
- In Favour of Assessee
- Citation Number : TS-151-ITAT-2020(Mum)
- Tax Payer : Redwood IT Services P.Ltd
Income tax Appellate Tribunal
ITAT:Scientifically computed warranty provision, not contingent liability; Allows deduction u/s 37 to Lenovo India
- In Favour of Assessee
- Citation Number : TS-150-ITAT-2020(Bang)
- Tax Payer : Lenovo India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Dividend, 'business income' not IFOS for investor co. holding 'controlling' interest
- In Favour of Assessee
- Citation Number : TS-149-ITAT-2020(CHNY)
- Tax Payer : Tamilnadu Industrial Development Corporation Limited
High Court
HC:Upholds ITAT; Sec 14A inapplicable to insurance co., AO can't travel beyond Sec.44
- In Favour of Assessee
- Citation Number : TS-148-HC-2020(DEL)
- Tax Payer : The Oriental Insurance Co. Ltd
High Court
HC: Rebukes Revenue's fool hardy” approach in withholding Ericsson India's Rs. 1200 cr. refund
- In Favour of Assessee
- Citation Number : TS-147-HC-2020(DEL)
- Tax Payer : Ericsson India Private Limited
Income tax Appellate Tribunal
ITAT:Provision for gratuity, an 'ascertained liability' for computing book profits u/s 115JB
- In Favour of Assessee
- Citation Number : TS-146-ITAT-2020(Bang)
- Tax Payer : KMF Infotech Ltd
Income tax Appellate Tribunal
ITAT:Merely executing work through contractor doesn't make developer a 'paper entity'; Allows deduction u/s.80-IA
- In Favour of Assessee
- Citation Number : TS-145-ITAT-2020(Mum)
- Tax Payer : Rajahmundry Expressway Ltd
High Court
HC:Upholds ITAT; NSE not liable for short deduction of STT regarding FII transactions
- In Favour of Assessee
- Citation Number : TS-144-HC-2020(BOM)
- Tax Payer : National Stock Exchange
Income tax Appellate Tribunal
ITAT:Letting out 'jointly-resided' property to children, not sham; Partially treats SOP as LOP
- In Favour of Both, Partially
- Citation Number : TS-143-ITAT-2020(Mum)
- Tax Payer : Md. Hussain Habib Pathan
High Court
HC:SAR redemption, not taxable 'perquisite' pre-2000; Overrules SB-ruling relying on Bharat Patel SC decision
- In Favour of Assessee
- Citation Number : TS-142-HC-2020(BOM)
- Tax Payer : Sumit Bhattacharya
Income tax Appellate Tribunal
ITAT:Payment to Korean Co. for placement services, not FTS absent 'technical expertise' element
- In Favour of Assessee
- Citation Number : TS-141-ITAT-2020(Ind)
- Tax Payer : D&H Secheron Electrodes Pvt. Ltd
High Court
HC:Charitable institution organising 'Garba' events eligible for Sec.11 exemption
- In Favour of Assessee
- Citation Number : TS-140-HC-2020(GUJ)
- Tax Payer : United Way Of Baroda
Income tax Appellate Tribunal
ITAT: Accepts LTCG treatment on sale of 'brand-name' acquired under amalgamation, considering previous owner's holding period
- In Favour of Assessee
- Citation Number : TS-139-ITAT-2020(COCH)
- Tax Payer : Feroke Boards Ltd
Income tax Appellate Tribunal
ITAT:Grants Australia DTAA benefit to expat on salary credit in Indian bank a/c.
- In Favour of Assessee
- Citation Number : TS-138-ITAT-2020(CHNY)
- Tax Payer : Shri Paul Xavier Antony samy
Supreme Court
SC:Restrains property attachment by IT Dept.; Cites DRT's prior charge
- In Favour of Assessee
- Citation Number : TS-137-SC-2020
- Tax Payer : Connectwell Industries Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Third Member - Furnishing IT-return in response to reopening notice not pre-requisite to seek 'reasons'
- In Favour of Assessee
- Citation Number : TS-136-ITAT-2020(Bang)
- Tax Payer : Hotel Woodside
Income tax Appellate Tribunal
ITAT:Abnormal increase in cost, no ground for treating revenue expenditure as capital; Allows Sec.37 deduction
- In Favour of Assessee
- Citation Number : TS-135-ITAT-2020(Mum)
- Tax Payer : Phillip (India) Pvt. Ltd.
Income tax Appellate Tribunal
ITAT:Deputation of experienced engineer constitutes technology 'made available', rejects 'salary reimbursements' plea
- In Favour of Revenue
- Citation Number : TS-134-ITAT-2020(Mum)
- Tax Payer : General Motors Overseas Corporation
Supreme Court
SC:Two separate 'satisfaction notes' unwarranted where AO same for 'searched' & 'other' person
- In Favour of Revenue
- Citation Number : TS-133-SC-2020
- Tax Payer : Super Malls Private Limited
Income tax Appellate Tribunal
ITAT:Quashes final assessment order passed sans draft-order in remand proceedings; Follows precedents
- In Favour of Assessee
- Citation Number : TS-132-ITAT-2020(PUN)
- Tax Payer : AB Sandvik Coromant