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Rulings ( 15479 results )

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High Court

HC: Distinguishes between NRI-assessee's PoA holder and agent; Re-assessment notice not time-barred u/s. 149(3)

  • In Favour of Revenue
  • Citation Number : TS-703-HC-2019(BOM)
  • Tax Payer : P.P. Mahatme,Power of Attorney Lorna Margaret Pinto
Income tax Appellate Tribunal

ITAT:Upholds cancellation of Young Indian's charity registration retrospectively citing misrepresentation / suppression of material facts

  • In Favour of Revenue
  • Citation Number : TS-702-ITAT-2019(DEL)
  • Tax Payer : Young Indian
Income tax Appellate Tribunal

ITAT:Nexus between funds arising from sale and funds utilised for acquisition, irrelevant; Grants Sec.54 exemption

  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2019(DEL)
  • Tax Payer : Romita Mathur
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order confirming penalty u/s. 271(1)(c) regarding cash gift received by assessee from sister

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2019(Mum)
  • Tax Payer : Kailash A. Kothari
Income tax Appellate Tribunal

ITAT:Dismisses Revenue's appeal against CIT(A)'s rectification order on non-adjudication of ground

  • In Favour of Revenue
  • Citation Number : TS-699-ITAT-2019(DEL)
  • Tax Payer : Tower Watson India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Brokerage on hedging transactions, part of speculative loss; Rejects business loss plea

  • In Favour of Revenue
  • Citation Number : TS-698-ITAT-2019(Ind)
  • Tax Payer : Premier Industries (I) Ltd
Income tax Appellate Tribunal

ITAT:Gives effect to Third Member order, Allows set-off of share-trading losses against derivatives profits

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2019(Kol)
  • Tax Payer : Lohia Securities Ltd
High Court

HC:Quashes AO's lower withholding certificate u/s. 197 in Lufthansa's case; Follows Bently Nevada ruling

  • In Favour of Assessee
  • Citation Number : TS-696-HC-2019(DEL)
  • Tax Payer : Lufthansa Cargo AG
Income tax Appellate Tribunal

ITAT:Allows deduction u/s.80P to Souharda Co-operative; Follows ruling of single-member over division-bench

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2019(Bang)
  • Tax Payer : Mahalakshmi Souharda Credit Co Operative Ltd
Income tax Appellate Tribunal

ITAT:Invokes rectification powers u/s.254(2) to restrict exorbitant cost imposed on assessee vis-à-vis tax liability

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2019(Bang)
  • Tax Payer : Ample Mart
Income tax Appellate Tribunal

ITAT:Confirms part-disallowance of employment-benefit expenses for investment-company citing lack of commercial expediency

  • In Favour of Both, Partially
  • Citation Number : TS-693-ITAT-2019(Kol)
  • Tax Payer : Highrise Marketing Pvt. Limited
Supreme Court

SC: Supreme Court's Constitution Bench strikes down Tribunal Rules, 2017

  • In Favour of Assessee
  • Citation Number : TS-692-SC-2019
  • Tax Payer : Rojer Mathew
Income tax Appellate Tribunal

ITAT:Allows Mylan's depreciation claim on goodwill arising on amalgamation; Distinguishes United Breweries case

  • In Favour of Assessee
  • Citation Number : TS-691-ITAT-2019(HYD)
  • Tax Payer : Mylan Laboratories Limited
High Court

HC:Deposit in capital-gains account u/s. 54(2) irrelevant where amount invested in construction within Sec. 54(1) timeline

  • In Favour of Assessee
  • Citation Number : TS-690-HC-2019(MAD)
  • Tax Payer : Venkata Dilip Kumar
District Court

DC: Upholds prosecution launch after 5 yrs lapse from TDS default; Distinguishes Patna HC judgement

  • In Favour of Revenue
  • Citation Number : TS-856-DC-2019(Bang)
  • Tax Payer : Sowparnika Projects and Infrastructure Pvt.Ltd
High Court

HC: Mere issuance of scrutiny notice, no reason to withhold tax refund u/s. 241A

  • In Favour of Assessee
  • Citation Number : TS-688-HC-2019(DEL)
  • Tax Payer : Maple Logistics Private Limited &Anr
Income tax Appellate Tribunal

ITAT:Allows assessee's MP; Recalls ITAT-order to decide grounds not adjudicated earlier

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2019(Kol)
  • Tax Payer : Linde India Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec. 56(2)(viib) addition for share premium received vide cheques, not encashed in relevant AY

  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2019(CHANDI)
  • Tax Payer : Luxmi Foodgrains P.Ltd
High Court

HC:Stays criminal proceedings until appeal disposal; Assessment has bearing on prosecution u/s. 276C

  • In Favour of Both, Partially
  • Citation Number : TS-685-HC-2019(KER)
  • Tax Payer : Beaver Estates Pvt.Ltd
Income tax Appellate Tribunal

ITAT:Non-compete fees received by NR-promoter after stake sale in Indian co., non-taxable absent PE

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2019(Mum)
  • Tax Payer : Mr. Prabhakar Raghavendra Rao