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Rulings ( 15488 results )
Income tax Appellate Tribunal
ITAT:Quashes TDS default proceedings u/s. 201 considering employer's 'bonafide' estimate of salary
- In Favour of Assessee
- Citation Number : TS-223-ITAT-2018(Bang)
- Tax Payer : Karnataka Power Transmission Corporation Ltd
Supreme Court
SC:Reverses HC, permits block assessment aided by 'simultaneous' survey on connected person
- In Favour of Revenue
- Citation Number : TS-222-SC-2018
- Tax Payer : Ajit Kumar
Supreme Court
SC:Rescues 'marginal taxpayers', holds amendment relaxing Sec. 40 (a) (ia) disallowance rigours as retrospective
- In Favour of Assessee
- Citation Number : TS-221-SC-2018
- Tax Payer : Calcutta Export Company
Supreme Court
SC:Capital asset loan waiver neither perquisite u/s 28(iv) nor cessation of trading liability
- In Favour of Assessee
- Citation Number : TS-220-SC-2018
- Tax Payer : Mahindra and Mahindra Ltd
Supreme Court
SC:Upholds Delhi-HC ruling; ICDs qualify as 'Inland Port', eligible for Sec 80IA deduction
- In Favour of Assessee
- Citation Number : TS-219-SC-2018
- Tax Payer : Container corporation of India Ltd.
Supreme Court
SC:'Export turnover' exclusions u/s. 10A deductible from 'total turnover'; Can't import Sec. 80HHC definition
- In Favour of Assessee
- Citation Number : TS-218-SC-2018
- Tax Payer : HCL Technologies Ltd
High Court
HC:Software, deductible revenue expense; Mere specification of depreciation rates in IT Rules inconclusive
- In Favour of Assessee
- Citation Number : TS-217-HC-2018(DEL)
- Tax Payer : Oriental Bank of Commerce
High Court
HC:Larger bench to decide whether 'oral statement' constitutes 'evidence found' during search
- In Favour of Both, Partially
- Citation Number : TS-216-HC-2018(DEL)
- Tax Payer : M.S. Aggarwal
Supreme Court
SC:Makes larger bench reference on supporting manufacturers' Sec. 80HHC entitlement on export incentives
- In Favour of Both, Partially
- Citation Number : TS-215-SC-2018
- Tax Payer : Carpet India
Supreme Court
SC:Dismisses assessee's SLP; 'Change of opinion' concept inapplicable when return accepted u/s 143(1)
- In Favour of Revenue
- Citation Number : TS-214-SC-2018
- Tax Payer : Laxmiraj Distributors Pvt Ltd
Income tax Appellate Tribunal
ITAT:Activities for promoting Lord Krishna consciousness facilitate trust's objectives, grants Sec u/s 11 exemption
- In Favour of Assessee
- Citation Number : TS-213-ITAT-2018(Mum)
- Tax Payer : Radha Damodar Charitable Trust
Income tax Appellate Tribunal
ITAT: Payment for services involving evaluation of LNG vaporizers not FIS under India-US DTAA
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2018(DEL)
- Tax Payer : Petronet LNG Ltd
Income tax Appellate Tribunal
ITAT: Collection-charges, retained by airline operators from passenger service-fees subject to 194H
- In Favour of Assessee
- Citation Number : TS-211-ITAT-2018(Bang)
- Tax Payer : Delhi International Airport Pvt. Ltd.
High Court
HC:One-time trademark royalty deductible u/s 37, explains factors relevant for revenue v capital classification
- In Favour of Assessee
- Citation Number : TS-210-HC-2018(DEL)
- Tax Payer : Hilton Roulunds Ltd
District Court
DC: Assessment proceedings not prerequisite for launching prosecution for blatant denial of BVI Investment
- In Favour of Revenue
- Citation Number : TS-781-DC-2018(DEL)
- Tax Payer : Ratna Kumar
Income tax Appellate Tribunal
ITAT:Rejects Revenue's attempt to tax Flipkart's 'foregone profits' by traveling beyond 'book results'
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2018(Bang)
- Tax Payer : Flipkart India Private Limited
Income tax Appellate Tribunal
ITAT:Expenditure on tangible assets for inhouse R&D facility deductible, exclusion u/s 43(4)(ii) inapplicable
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2018(Bang)
- Tax Payer : Tata Hitachi Construction Machinery Company Limited
Supreme Court
SC:Criminal court's findings based on evidence can be relied upon in income-tax proceedings
- In Favour of Assessee
- Citation Number : TS-207-SC-2018
- Tax Payer : T. Jayachandran
Supreme Court
SC:Dismisses SLP against HC-order holding FBT-exemption for superannuation allowance contribution, retrospective
- In Favour of Assessee
- Citation Number : TS-206-SC-2018
- Tax Payer : State Bank of Bikaner & Jaipur
Supreme Court
SC:Upholds ICAI Guidance based lease rental bifurcation; Allows lease equalization charge deduction
- In Favour of Assessee
- Citation Number : TS-205-SC-2018
- Tax Payer : Virtual Soft Systems Ltd.