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Rulings ( 12936 results )
Income tax Appellate Tribunal
ITAT: Requirement of filing form 67 with return not mandatory, but directory in nature; Allows FTC
Jan 13, 2025
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2025(Bang)
- Tax Payer : Vivek Singhal
Income tax Appellate Tribunal
ITAT: Quashes revisional-order citing improper service of SCN and violation of natural justice
Jan 11, 2025
- In Favour of Assessee
- Citation Number : TS-07-ITAT-2025(Mum)
- Tax Payer : Maharashtra State Electricity Distribution Co. Ltd
High Court
HC: Revenue authorities cannot withhold refunds due to ‘procedural hitch’; Unnecessary delay affects public-exchequer
Jan 11, 2025
- In Favour of Assessee
- Citation Number : TS-973-HC-2024(BOM)
- Tax Payer : GMO Emerging Markets Fund
Income tax Appellate Tribunal
ITAT: Following Galileo ruling, upholds 15% attribution of revenue to UK based co.'s PE in India
Jan 11, 2025
- In Favour of Assessee
- Citation Number : TS-974-ITAT-2024(DEL)
- Tax Payer : Travelport International Operations Limited
Income tax Appellate Tribunal
ITAT: Non-issuance of Sec.143(2) notice to amalgamated company ‘foundational infirmity’, fatal to assessment
Jan 11, 2025
- In Favour of Assessee
- Citation Number : TS-12-ITAT-2025(DEL)
- Tax Payer : Union Bank of India
Income tax Appellate Tribunal
ITAT: Sanction u/s 151, a dead document sans identity of sanctioning authority, suffers from non-application of mind
Jan 10, 2025
- In Favour of Assessee
- Citation Number : TS-10-ITAT-2025(DEL)
- Tax Payer : Jagbir Singh
Supreme Court
SC: Follows Nestle, allows Revenue's SLP on MFN issue
Jan 10, 2025
- In Favour of None/NA
- Citation Number : TS-11-SC-2025
- Tax Payer : Deccan Holdings B V
Supreme Court
SC: Capital reduction akin to 'extinguishment'/'relinquishment' of right, tantamounts to 'transfer'; Allows capital loss
Jan 09, 2025
- In Favour of Assessee
- Citation Number : TS-09-SC-2025
- Tax Payer : Jupiter Capital Pvt. Ltd
High Court
HC: Additions not appealed, DTVSV benefit not available; DTVSV liability @100% of disputed tax
Jan 09, 2025
- In Favour of Both, Partially
- Citation Number : TS-08-HC-2025(BOM)
- Tax Payer : Umesh Navnitlal Shah HUF
High Court
HC: No grounds for interference in writ jurisdiction, grounds can be raised in assessment/appellate proceedings
Jan 09, 2025
- In Favour of Assessee
- Citation Number : TS-05-HC-2025(BOM)
- Tax Payer : Sanjay Ratra
Income tax Appellate Tribunal
ITAT: Assessee ineligible for deductions u/s 32(1)(iia), 32AC, & 32AD, electricity generation not manufacturing of article
Jan 09, 2025
- In Favour of Revenue
- Citation Number : TS-06-ITAT-2025(HYD)
- Tax Payer : Hinduja National Power Corporation Limited
Income tax Appellate Tribunal
ITAT: Assessee liable for Sec. 234E penalty, belated TDS deposit, deductee not allowed credit
Jan 08, 2025
- In Favour of Revenue
- Citation Number : TS-04-ITAT-2025(Ahd)
- Tax Payer : Arjanbhai Nanubhai Patel
High Court
HC: Quashes impugned orders & directs repeat exercise u/s 56(2)(vii)(c) r.w.s 50C
Jan 08, 2025
- In Favour of Assessee
- Citation Number : TS-971-HC-2024(MAD)
- Tax Payer : R. C. Kannan
Income tax Appellate Tribunal
ITAT: Validity of TRC sacrosanct, basis MLI provisions Luxembourg DTAA benefit allowable; Follows Tiger Global
Jan 08, 2025
- In Favour of Assessee
- Citation Number : TS-972-ITAT-2024(DEL)
- Tax Payer : SC Lowy P.I. (LUX) S.A.R.L.
Income tax Appellate Tribunal
ITAT: Dividend to foreign entities liable to DDT u/s 115-O & not entitled to DTAA benefit
Jan 08, 2025
- In Favour of Assessee
- Citation Number : TS-03-ITAT-2025(CHNY)
- Tax Payer : Tweezerman India Pvt. Ltd
Supreme Court
SC: Quashes prosecution as penalty proceedings were dropped & refund ordered
Jan 07, 2025
- In Favour of Assessee
- Citation Number : TS-966-SC-2024
- Tax Payer : R. P. Darrmalingam
High Court
HC: Colossal non-application of mind by JAO & abuse of authority by PCIT u/s 151, quashes Sec. 148A proceedings
Jan 07, 2025
- In Favour of Assessee
- Citation Number : TS-970-HC-2024(BOM)
- Tax Payer : C. C. Dangi & Associates
Income tax Appellate Tribunal
ITAT: Domain name registration services not royalty; Web hosting & other non-domain services, not FTS
Jan 07, 2025
- In Favour of Assessee
- Citation Number : TS-02-ITAT-2025(DEL)
- Tax Payer : GoDaddy.com, LLC
High Court
HC: Rejects plea of insufficient time to respond, being unpersuasive & afterthought; Upholds reassessment proceedings
Jan 07, 2025
- In Favour of Assessee
- Citation Number : TS-969-HC-2024(DEL)
- Tax Payer : Abhishek Bansal
Income tax Appellate Tribunal
ITAT: Disallows depreciation on intangible assets, Assessee merely a licensee & not owner of assets
Jan 06, 2025
- In Favour of Revenue
- Citation Number : TS-968-ITAT-2024(HYD)
- Tax Payer : Patna Bakhtiyarpur Tollway Limited