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Rulings ( 15481 results )
High Court
HC:Waives Sec. 234C interest; Resulting co. can't anticipate 'advance-tax' liability pending demerger scheme approval
- In Favour of Assessee
- Citation Number : TS-473-HC-2019(BOM)
- Tax Payer : Ultratech Cement Ltd
Supreme Court
SC:Dismisses SLP against HC-order quashing re-assessment on Bharti Infratel
- In Favour of Assessee
- Citation Number : TS-472-SC-2019
- Tax Payer : Bharti Infratel Limited
Income tax Appellate Tribunal
ITAT:Deletes addition based on stock statement submitted to bank; Distinguishes Jurisdictional HC ruling
- In Favour of Assessee
- Citation Number : TS-471-ITAT-2019(Kol)
- Tax Payer : Shri Shyam Sundar Rawat
Income tax Appellate Tribunal
ITAT:Otters Club's liquor & rental income 'incidental' to predominant 'Sports Promotion' object; Grants exemption u/s. 11
- In Favour of Both, Partially
- Citation Number : TS-470-ITAT-2019(Mum)
- Tax Payer : Otters Club
Income tax Appellate Tribunal
ITAT:CBDT's monetary limits circular applicable retrospectively, lauds Govt. gesture to end taxpayer agony
- In Favour of Assessee
- Citation Number : TS-469-ITAT-2019(Ahd)
- Tax Payer : Dinesh Madhavlal Patel
High Court
HC: Investment in Indian subsidiary's shares, no 'reason' for re-assessing Nestle SA
- In Favour of Assessee
- Citation Number : TS-468-HC-2019(DEL)
- Tax Payer : Nestle SA
Supreme Court
SC:Quashes assessment sans issuance of notice u/s 143(2); Sec. 292BB estoppel inapplicable
- In Favour of Assessee
- Citation Number : TS-467-SC-2019
- Tax Payer : Laxman Das Khandelwal
Income tax Appellate Tribunal
ITAT: Harish Salve's Oxford scholarships to students an innovative” profile building endeavour; Allows Sec. 37(1) deduction
- In Favour of Assessee
- Citation Number : TS-466-ITAT-2019(DEL)
- Tax Payer : Shri Harish Narinder salve
Income tax Appellate Tribunal
ITAT:No escape for settlor from explaining discretionary BVI Trust investments; Remits issue
- In Favour of Both, Partially
- Citation Number : TS-465-ITAT-2019(Ahd)
- Tax Payer : Dr Atul T Patel
Income tax Appellate Tribunal
ITAT:Loss carry-forward embargo for delayed return u/s. 80, inapplicable to Trusts
- In Favour of Assessee
- Citation Number : TS-464-ITAT-2019(DEL)
- Tax Payer : Angoori Devi Educational & Cultural Society
High Court
HC:'Software-generated' assessment order on deceased assessee, not curable defect u/s. 292-B
- In Favour of Assessee
- Citation Number : TS-463-HC-2019(MAD)
- Tax Payer : T. Palani
Income tax Appellate Tribunal
ITAT: Holds Sec. 50C proviso regarding 5% variation between stamp value & sales consideration, as 'retrospective'
- In Favour of Assessee
- Citation Number : TS-462-ITAT-2019(Kol)
- Tax Payer : Chandra Prakash Jhunjhunwala
Supreme Court
SC:Dismisses Revenue's SLP against HC-order quashing re-assessment notice issued on asset-reconstruction company
- In Favour of Assessee
- Citation Number : TS-461-SC-2019
- Tax Payer : Asset Reconstruction Company India Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Air-India's fine payments to immigration authorities, incidental to airline business; Allows deduction
- In Favour of Assessee
- Citation Number : TS-460-ITAT-2019(Mum)
- Tax Payer : Air India Ltd
High Court
HC:Directs issue of refund to foreign-assessee in expedite manner
- In Favour of Assessee
- Citation Number : TS-459-HC-2019(KAR)
- Tax Payer : Avo Carbon Holdings LLC
Income tax Appellate Tribunal
ITAT:NR's receipt for granting rights to render BPO services, non-taxable absent PE
- In Favour of Assessee
- Citation Number : TS-458-ITAT-2019(PUN)
- Tax Payer : Cummins Inc
Income tax Appellate Tribunal
ITAT:Deletes penalty on exempt interest on NRE-account despite no quantum appeal filed
- In Favour of Assessee
- Citation Number : TS-457-ITAT-2019(Mum)
- Tax Payer : John James D’Souza
Income tax Appellate Tribunal
ITAT:LC interest not IFOS, but part of transaction price; Discounting charges deductible
- In Favour of Assessee
- Citation Number : TS-456-ITAT-2019(DEL)
- Tax Payer : AGR Matthey of Western Australia Through representative assessee PEC Limited
High Court
HC:Rejects assessee's firm-reconstitution plea for invalidating reassessment notices; Distinguishes Jet Airways ruling
- In Favour of Both, Partially
- Citation Number : TS-455-HC-2019(UTT)
- Tax Payer : Sharda Exports
Income tax Appellate Tribunal
ITAT:Allows IT company's Sec. 10A claim on income from deputing software engineers for 'onsite' work
- In Favour of Assessee
- Citation Number : TS-454-ITAT-2019(PUN)
- Tax Payer : iGate Global Solutions Ltd