Rulings ( 15488 results )

HC: HC:Payment by investment advisory company to Mauritian affiliate for 'fund-raising' assistance, deductible u/s. 37

  • In Favour of Assessee
  • Citation Number : TS-774-HC-2018(DEL)
  • Tax Payer : Lok Advisory Services Pvt . Ltd

HC:Condones delay in seeking TDS refund; Accepts plea of 'inadvertent omission' by CA

  • In Favour of Assessee
  • Citation Number : TS-42-HC-2019(DEL)
  • Tax Payer : G.V.Infosutions Pvt. Ltd

ITAT:Denies presumptive taxation benefit u/s. 44AD to partner on remuneration & interest from firm

  • In Favour of Revenue
  • Citation Number : TS-41-ITAT-2019(CHNY)
  • Tax Payer : Mr.A.Anandkumar

DC: Directs framing of prosecution charges for non-declaration of foreign income / investment

  • In Favour of Revenue
  • Citation Number : TS-786-DC-2018(DEL)
  • Tax Payer : Sandeep Singhania  

HC:Allows Sec. 10B benefit to manufacturer of diamond studded 'handmade' jewellery sans machinery

  • In Favour of Assessee
  • Citation Number : TS-40-HC-2019(BOM)
  • Tax Payer : Unique Gem & Jewellery

SC:Quashes HC-order holding single bogus donation cannot result in Trust-registration cancellation

  • In Favour of Assessee
  • Citation Number : TS-39-SC-2019
  • Tax Payer : Jagannath Gupta Family Trust

HC:Non-conformity of assessment as per Jurisdictional HC ratio, error rectifiable u/s. 154

  • In Favour of Revenue
  • Citation Number : TS-38-HC-2019(CAL)
  • Tax Payer : Hindustan Lever Limited

ITAT:Quashes Harshad Mehta's assessment; Second 'order giving effect' to same Tribunal order, invalid

  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2019(Mum)
  • Tax Payer : Late Shri Harshad S. Mehta

ITAT:Grants Sec. 11 benefit to Gujarat Cricket Associations; Rejects Revenue's IPL matches commercialisation plea

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2019(Ahd)
  • Tax Payer : Gujarat Cricket Association

HC:Expresses doubt on ITAT invoking TP-mechanism absent AO's directions while deciding Sec 36(1)(iii)-interest allowability

  • In Favour of Assessee
  • Citation Number : TS-35-HC-2019(BOM)
  • Tax Payer : Piramal Glass Pvt. Ltd

SC:Dismisses SLP against invalidating re-assessment based on VAT Department's hawala purchases details

  • In Favour of Assessee
  • Citation Number : TS-34-SC-2019
  • Tax Payer : Manzil Dineshkumar Shah

ITAT:Deletes addition of unexplained silver utensils belonging to married-lady, holds within permissible limits

  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2018(Ind)
  • Tax Payer : Smt. Rashmi Mujumdar

ITAT:Upholds Sec. 234E levy for belated filing of TDS returns pertaining to pre-Jun'15 period

  • In Favour of Both, Partially
  • Citation Number : TS-32-ITAT-2019(JPR)
  • Tax Payer : Shri Anil Kumar Maheshwari

ITAT:Carrying 'awareness' program for eradication of HIV AIDS, a charitable activity u/s. 2(15)

  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2019(DEL)
  • Tax Payer : India HIV/ AIDS Alliance

ITAT:Allows tax sparing credit on 'dividend' exempt under Thailand incentive legislation

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2019(DEL)
  • Tax Payer : Polyplex Corporation Ltd

HC:ITAT 'misdirected itself' in examining re-insurance payments to NR through Sec. 37 lens

  • In Favour of Assessee
  • Citation Number : TS-772-HC-2018(MAD)
  • Tax Payer : Cholamandalam MS General Insurance Co. Ltd

ITAT:Requirement to prove 'sources of source' u/s. 68 proviso, inapplicable to non-resident investors

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2019(Mum)
  • Tax Payer : Veritas (India) Ltd

ITAT:Construes 'specified PY' for Sec. 271AAA penalty as search initiation, not conclusion year

  • In Favour of Revenue
  • Citation Number : TS-28-ITAT-2019(PUN)
  • Tax Payer : Sanjay Dattatray Kakade

HC:Allows enhanced Sec. 10A deduction claimed in revised computation filed during assessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-27-HC-2019(DEL)
  • Tax Payer : ORACLE (OFSS) BPO SERVICES LTD

HC:Interest levy u/s. 234B(2A), although prospective, applicable to pending Settlement cases

  • In Favour of Revenue
  • Citation Number : TS-26-HC-2019(DEL)
  • Tax Payer : ORCHID INFRASTRUCTURE