Rulings ( 15468 results )

ITAT:Assessee's Indian-agent not PE when remunerated at ALP in terms of APA

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2019(Mum)
  • Tax Payer : CMA CGM SA

ITAT:Loss return u/s. 139(3) can be revised u/s. 139(5); FDRs written-off allowable as 'business loss'

  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2019(Rjt)
  • Tax Payer : The Dharangadhra People’s Co-op. Bank Ltd

HC:Saddles assessee with Rs. 2 lakh cost; Dismisses writ challenging reopening initiation for share subscription probe

  • In Favour of Revenue
  • Citation Number : TS-813-HC-2019(DEL)
  • Tax Payer : RDS Project Limited

ITAT:Grants benefit u/s. 49(1), adopts holding co.'s pre-1981 acquisition cost; Rejects Revenue's Sec. 47A invocation

  • In Favour of Assessee
  • Citation Number : TS-812-ITAT-2019(LKW)
  • Tax Payer : RRJ Infra Industries Pvt. Ltd

HC:Upholds prosecution on Company and its Managing Director for failure to remit TDS

  • In Favour of Revenue
  • Citation Number : TS-811-HC-2019(KAR)
  • Tax Payer : Dr. Viloo Patell

ITAT:Payment for software upgrades and maintenance, not royalty under India-Finland DTAA

  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2019(Mum)
  • Tax Payer : Trimble Solutions Corporation

ITAT:Upholds Sec. 40(b)(iv) applicability to loan from partners; Disallows interest in excess of 12

  • In Favour of Revenue
  • Citation Number : TS-809-ITAT-2019(Mum)
  • Tax Payer : Milind & Associates

HC:Set-aside ITAT's 'cryptic' order upholding disallowance u/s 40(a)(ia), directs ITAT to issue speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-808-HC-2019(KAR)
  • Tax Payer : Ryatar Sahakari Sakkare Karkhane Niyamit

HC:AO can't undertake PE determination exercise in proceedings u/s 197; Dismisses challenge to lower TDS certificate

  • In Favour of Revenue
  • Citation Number : TS-807-HC-2019(DEL)
  • Tax Payer : National Petroleum Construction Company

ITAT: Actuarial-based leave encashment provision, not 'unascertained' liability for MAT purposes; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2019(Mum)
  • Tax Payer : Caprihans India Ltd

ITAT:Deletes concealment penalty u/s. 271(1)(c) in Johnson & Johnson's hands w.r.t non-disclosure of Sri Lanka branch profits

  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2019(Mum)
  • Tax Payer : Johnson & Johnson Ltd

ITAT:Associate members in excess of 15, violation of Karnataka Co-Op. Societies Act; Denies deduction u/s.80P

  • In Favour of Revenue
  • Citation Number : TS-804-ITAT-2019(Bang)
  • Tax Payer : Kanakadas Pattin Sahakari Sangh Niyamit

ITAT:Technical Services” payment to Korean National, covered by Article on Independent Personal Services”, not FTS

  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2019(Ahd)
  • Tax Payer : J.Korin Spinning Pvt. Ltd

ITAT:85 forfeiture on sale-cancellation & subsequent re-sale to same party - dubious arrangement; Denies depreciation

  • In Favour of Revenue
  • Citation Number : TS-802-ITAT-2019(Mum)
  • Tax Payer : The Supreme Industries Limited

ITAT:Allows netting-off of directly relatable undisclosed expenditure from undisclosed income for determining addition

  • In Favour of Assessee
  • Citation Number : TS-801-ITAT-2019(PUN)
  • Tax Payer : Travelline International

ITAT:Deletes notional interest addition on partner's current account balance for partnership firm

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2019(Kol)
  • Tax Payer : India Housing

ITAT:Total liabilities include preference share capital for unquoted equity share valuation under Rule 11UA

  • In Favour of Revenue
  • Citation Number : TS-799-ITAT-2019(DEL)
  • Tax Payer : Neelu Analjit Singh

ITAT:Treats only 25 land plot as 'land appurtenant to building'; Grants partial deduction u/s. 54

  • In Favour of Revenue
  • Citation Number : TS-798-ITAT-2019(CHNY)
  • Tax Payer : Shri Maduranthagam Selvaraj Ravi

ITAT:Denies capital gains exemption u/s. 47(iv) on share buy-back from 99.99 Spanish parent

  • In Favour of Revenue
  • Citation Number : TS-797-ITAT-2019(Bang)
  • Tax Payer : Acciona Wind Energy Private Limited

ITAT:Allows Sec 54-deduction on new flat received under re-development of earlier inherited property

  • In Favour of Assessee
  • Citation Number : TS-796-ITAT-2019(Mum)
  • Tax Payer : Satish S. Prabhu