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Rulings ( 15488 results )
Income tax Appellate Tribunal
ITAT:Deletes Sec. 271(1)(c) penalty as foundation for levy significantly altered by appellate authority
- In Favour of Assessee
- Citation Number : TS-86-ITAT-2018(Ahd)
- Tax Payer : Kantibhai Naranbhai Prajapati
High Court
HC:HL - KL Ramchandra
- In Favour of Assessee
- Citation Number : TS-85-HC-2018(KAR)
- Tax Payer : K L Ramachandra
Income tax Appellate Tribunal
ITAT:Upholds 15 profit attribution to PE; Rejects Revenue's fresh FAR-analysis proposal
- In Favour of Assessee
- Citation Number : TS-84-ITAT-2018(Mum)
- Tax Payer : Sabre Asia Pacific Pte Ltd
High Court
HC: Quashes penalty as time-barred; Revenue's withdrawn ITAT -appeal cannot influence limitation period
- In Favour of Assessee
- Citation Number : TS-83-HC-2018(DEL)
- Tax Payer : Salora International Ltd
Income tax Appellate Tribunal
ITAT: Allows loss set-off; 51 voting power remained with same individuals, despite shareholding change
- In Favour of Assessee
- Citation Number : TS-82-ITAT-2018(Mum)
- Tax Payer : Wadhwa & Associates Realtors Private Limited
Supreme Court
SC:Lifts corporate veil of Multinational Accounting Firms, raps ICAI for inaction
- In Favour of Both, Partially
- Citation Number : TS-81-SC-2018
- Tax Payer : S. Sukumar
High Court
HC:Payment to National Stock Exchange for acquisition of membership, 'capital' in nature
- In Favour of Assessee
- Citation Number : TS-80-HC-2018(DEL)
- Tax Payer : Abhipra Capital Ltd
Income tax Appellate Tribunal
ITAT:Allows deduction u/s. 37(1) for brand building expense; Follows Fine Jewellery (Mumbai ITAT)
- In Favour of Assessee
- Citation Number : TS-79-ITAT-2018(CHNY)
- Tax Payer : Jansons Industries Ltd
Income tax Appellate Tribunal
ITAT:Interest on security deposit taxable in landlord's hand, despite benefit passed to tenant
- In Favour of Revenue
- Citation Number : TS-78-ITAT-2018(Bang)
- Tax Payer : Tanglin Developments Ltd
Income tax Appellate Tribunal
ITAT:Deletes addition u/s 33AB despite delay in utilising NABARD deposits beyond stipulated date
- In Favour of Assessee
- Citation Number : TS-77-ITAT-2018(Kol)
- Tax Payer : Stewart Holl (India) Limited
Supreme Court
SC:Reverses HC's quashing of Sec. 143(2) notice served beyond 12 months, considering peculiar circumstances
- In Favour of Revenue
- Citation Number : TS-76-SC-2018
- Tax Payer : Dharam Narain
Income tax Appellate Tribunal
ITAT: ITAT:Income from supply of software embedded in hardware, not royalty; Retrospective Explanation 4 inapplicable
- In Favour of Assessee
- Citation Number : TS-75-ITAT-2018(DEL)
- Tax Payer : Bentley Nevada LLC
High Court
HC:HL-Flipkart
- In Favour of Assessee
- Citation Number : TS-74-HC-2018(KAR)
- Tax Payer : Flipkart India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Denies Article 8 benefit as POEM outside India/Mauritius; No Indian taxation absent PE
- In Favour of Both, Partially
- Citation Number : TS-73-ITAT-2018(Mum)
- Tax Payer : Bay Lines (Mauritiues)
High Court
HC: Reverses ITAT; Upholds penalty on 'voluntarily' declared additional income absent explanation
- In Favour of Revenue
- Citation Number : TS-72-HC-2018(DEL)
- Tax Payer : Dr. Vandana Gupta
High Court
HC:Confirms Sec. 68 addition considering ITAT's minute examination of genuineness of transactions
- In Favour of Revenue
- Citation Number : TS-71-HC-2018(GUJ)
- Tax Payer : Pavankumar M Sanghvi
Income tax Appellate Tribunal
ITAT: ITAT:Lease line reimbursements to US parent, not royalty; Cites TPO's 'international transaction' acceptance
- In Favour of Assessee
- Citation Number : TS-70-ITAT-2018(PUN)
- Tax Payer : T-3 Energy Services
Income tax Appellate Tribunal
ITAT:Restores Sec. 68 addition; Share applicant's meager income unable to justify creditworthiness
- In Favour of Revenue
- Citation Number : TS-68-ITAT-2018(Mum)
- Tax Payer : Spartacus Farms Pvt Ltd
Income tax Appellate Tribunal
ITAT:Sec. 80IC deduction claimed through revised return sustainable as original return filed within time
- In Favour of Assessee
- Citation Number : TS-67-ITAT-2018(Mum)
- Tax Payer : Monarch Innovative Tech
Income tax Appellate Tribunal
ITAT:Denies loss set-off to pvt. co. having 'listed' parent company; Sec.79 applicable
- In Favour of Assessee
- Citation Number : TS-66-ITAT-2018(Mum)
- Tax Payer : Credila Financial Services Private Ltd