Rulings ( 15481 results )

ITAT:No change in shares 'beneficially held' post-amalgamation, Allows set-off of brought-forward losses

  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2019(Mum)
  • Tax Payer : BancTec TPS India Private Limited

ITAT:Rules Pr.CIT not justified in exercising revisionary powers u/s. 263 in case of A.R.Rahman

  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2019(CHNY)
  • Tax Payer : Shri A.R.Rahman

HC:AO's Sec 148-objections overruling, mere communication, not an order; Dismisses assessee's writ

  • In Favour of Revenue
  • Citation Number : TS-576-HC-2019(KAR)
  • Tax Payer : Epson India Private Limited

ITAT:Cash received for medical emergencies, a reasonable cause u/s 273B; Deletes Sec.271D penalty

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2019(CTK)
  • Tax Payer : Gourang Chandra Nayak

ITAT:Mortgaged-property sold in discharge of loan availed by group-concerns, liable for capital-gains taxation

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2019(CHNY)
  • Tax Payer : T.S. Hajee Moosa & Co

ITAT:Sec.195 applicable only if income chargeable to tax in India; Deletes 40(a)(ia) disallowance

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2019(JPR)
  • Tax Payer : JLC Electromet Pvt. Ltd

HC:Dismisses Revenue's appeal; Confirms invalidity of assessment order passed on non-existent amalgamated company

  • In Favour of Assessee
  • Citation Number : TS-572-HC-2019(DEL)
  • Tax Payer : Genpact India (Previously Known As Genpact Infrastructure (Kolkata) Pvt. Ltd

ITAT:Share-trading loss, speculative pre-2014 amendment to Sec. 73 Explanation; Relies on Snowtex ruling (SC)

  • In Favour of Revenue
  • Citation Number : TS-571-ITAT-2019(Ahd)
  • Tax Payer : Magic Share Traders Ltd

SC: Dismisses SLP against HC-order reckoning property holding period from 'allotment letter' date

  • In Favour of Assessee
  • Citation Number : TS-570-SC-2019
  • Tax Payer : Vembu Vaidyanathan

SC:Dismisses SLP against HC-order quashing re-opening on Cyprus-entity

  • In Favour of Assessee
  • Citation Number : TS-569-SC-2019
  • Tax Payer : Precilion Holdings Limited

ITAT:Assessee's share-valuation 'well-substantiated' ; Deletes Sec.56(2)(viib) addition by invoking Rule 11UA

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2019(Ahd)
  • Tax Payer : Unnati Inorganics Pvt. Ltd

HC:Dismisses taxpayer's appeal against ITAT-order denying LTCG exemption on penny stock sale

  • In Favour of Revenue
  • Citation Number : TS-567-HC-2019(DEL)
  • Tax Payer : Suman Poddar

ITAT:Third Member - Confirms penalty levy for concealed wealth under Wealth Tax Act

  • In Favour of Revenue
  • Citation Number : TS-566-ITAT-2019(ASR)
  • Tax Payer : Sh. Ram Aggarwal

ITAT:Deletes Rs. 155 cr. share-premium addition for Hinduja Realty; Source for Mauritian investor proved

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2019(Mum)
  • Tax Payer : Hinduja Realty Ventures Ltd

ITAT:Allows TDS credit in year of assessing income, not year of TDS deposit

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2019(PUN)
  • Tax Payer : Mahesh Software Systems Pvt. Ltd

ITAT:Grants 'pass-through' status to RBI approved Securitisation Trust, rejects taxation as AOP

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2019(Mum)
  • Tax Payer : ISARC 14/2010-11 Trust

ITAT:Testing & developments charges payment to Taiwanese vendor, not FTS

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2019(PUN)
  • Tax Payer : Kumar Kondiba Shingare

HC: Quashes show-cause notice for withholding refund u/s 241A sans return processing u/s 143(1)

  • In Favour of Assessee
  • Citation Number : TS-561-HC-2019(BOM)
  • Tax Payer : Tata Communications Limited

ITAT:No disallowance for TDS remaining 'unpaid' at year-end, despite assessee following 'cash accounting'

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2019(DEL)
  • Tax Payer : Associated Law Advisers

ITAT:MCI regulations inapplicable to Pharma companies, 'Brand Reminder' expenses deductible u/s 37

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2019(Mum)
  • Tax Payer : Pfizer Limited