Rulings ( 15488 results )

ITAT: Mere TRC non-furnishing cannot disentitle treaty benefits; Explains Sec. 90(4) interplay vis-à-vis treaty override u/s. 90(2)

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2018(Ahd)
  • Tax Payer : Skaps Industries India Pvt Ltd

ITAT:Assessee's share premium not bogus merely because subscriber held accommodation entry provider

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2018(DEL)
  • Tax Payer : Vidya Prakashan Mandir Pvt. Ltd.

ITAT:Grants retrospective registration u/s 12A on revenue's failure to dispose within 6 months

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2018(Bang)
  • Tax Payer : Visvesvaraya Technological University

ITAT:Share-sale profits, capital gains, not business income for NRI regularly drawing salary

  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2018(Ahd)
  • Tax Payer : Mulshankar Saburbhai Panchal

ITAT:Confirms Sec. 271D/E penalty on film distributor for accepting / repaying booking advance in cash

  • In Favour of Revenue
  • Citation Number : TS-326-ITAT-2018(ASR)
  • Tax Payer : Topaz Films

ITAT:Revised return filed u/s 139(5) after issuance of scrutiny notice, valid

  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2018(Mum)
  • Tax Payer : Shri Mahesh H. Hinduja

ITAT:Holds website development expenditure as revenue in nature, rejects 'enduring benefit' plea

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2018(Ahd)
  • Tax Payer : Aagam Infrabuild Pvt.Ltd

HC:Directs passing speaking order disposing assessee's objections against re-opening following GKN Driveshafts case

  • In Favour of Assessee
  • Citation Number : TS-322-HC-2018(MAD)
  • Tax Payer : K.Velayutham

ITAT: Capital-gains to Singaporean Co. from trading in Indian securities, non-taxable; LOB clause inapplicable

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2018(Mum)
  • Tax Payer : D.B. International (Asia) Ltd

ITAT:Rejects 'exempt' demerger plea, however deletes capital-gains addition absent monetary consideration

  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2018(Kol)
  • Tax Payer : Datex Ohmeda (India) Pvt. Limited

ITAT:Assessment on 'wound-up' entity not nullity; Remands matter to adjudicate on assessment validity

  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2018(DEL)
  • Tax Payer : Pesak Ventures Ltd.

HC:Allows investment allowance u/s. 32A on computers / equipments, not directly used in production

  • In Favour of Assessee
  • Citation Number : TS-318-HC-2018(CAL)
  • Tax Payer : Brooke Bond India Limited

ITAT: Upholds Sec. 40(a)(i) dis-allowance in 'entirety'; Rejects reliance on 2015-circular for proportionate dis-allowance

  • In Favour of Both, Partially
  • Citation Number : TS-317-ITAT-2018(Mum)
  • Tax Payer : Chemical Process Piping Pvt. Ltd.

ITAT: Trade advance driven by commercial consideration, not deemed dividend; Applies 2017 CBDT-circular

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2018(CHNY)
  • Tax Payer : Smt Rathinam Thirupathiswamy

HC:Revenue can't compel legal-heir to participate in deceased's re-assessment; Death non-intimation irrelevant

  • In Favour of Assessee
  • Citation Number : TS-315-HC-2018(MAD)
  • Tax Payer : Alamelu Veerappan

HC:Insists Tax Clearance Certificate before director leaving country, considering Rs. 400 cr. demand raised u/s. 179

  • In Favour of Both, Partially
  • Citation Number : TS-314-HC-2018(KER)
  • Tax Payer : Mailakkattu Varghese Uthup

ITAT:Subsidy for modernizing textile industry, capital in nature ; Directs exclusion from book-profits u/s. 115JB

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2018(Mum)
  • Tax Payer : Alok Industries Ltd.,

ITAT:Profit from vessel-sale under tonnage-division, not IFOS; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2018(HYD)
  • Tax Payer : Ocean Sparkle Ltd

ITAT:Deletes capital gains addition where taxpayer filed suit for cancellation of sale deed

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2018(HYD)
  • Tax Payer : Smt. Padmini Chand

ITAT:AO to examine assessee's warranty provision claim considering the industry perspective

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2018(DEL)
  • Tax Payer : Huawei Telecommunication (India) Company Pvt Ltd