Rulings ( 15488 results )

ITAT:Addl. CIT's satisfaction, not approval necessary for reopening; Upholds reassessment, approval by CIT irrelevant

  • In Favour of Revenue
  • Citation Number : TS-559-ITAT-2017(Ahd)
  • Tax Payer : Mayurbhai Mangaldas Patel

ITAT: Share premium not taxable as 'income from other sources'; Sec. 56(2)(viib) prospective

  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2017(JPR)
  • Tax Payer : Motisons Buildtech Pvt Ltd

HC:Holds taxpayer guilty for false depreciation claim, rejects 'clerical error' plea

  • In Favour of Revenue
  • Citation Number : TS-557-HC-2017(DEL)
  • Tax Payer : Ambience Hospitality Pvt Ltd

ITAT:Discusses principles for invoking Article 24 of India-Singapore DTAA, explains 'subject to tax'

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2017(Rjt)
  • Tax Payer : BP Singapore Pvt Ltd

ITAT:Intranet payment & SAP charges taxable as equipment royalty; Rejects reimbursement plea

  • In Favour of Both, Partially
  • Citation Number : TS-555-ITAT-2017(DEL)
  • Tax Payer : SMS Iron Technology Pvt Ltd

HC: Upholds ITAT; Compensation received for breach of 'ROFR', a capital receipt

  • In Favour of Assessee
  • Citation Number : TS-554-HC-2017(BOM)
  • Tax Payer : Parle Soft Drinks

HC:Non-compete payment towards other obligations/covenants; Holds competitive threats 'illusory', denies deduction

  • In Favour of Revenue
  • Citation Number : TS-553-HC-2017(DEL)
  • Tax Payer : GKN Driveline India Ltd

HC:Grants Sec.80-IA benefit to taxpayer's power distribution undertaking considering substantial renovation, modernization

  • In Favour of Assessee
  • Citation Number : TS-552-HC-2017(KER)
  • Tax Payer : Kanan Devan Hills Plantations Company Pvt Ltd

HC:Denies Sec.80-IC deduction on FD interest despite assessable as business income

  • In Favour of Revenue
  • Citation Number : TS-551-HC-2017(UTT)
  • Tax Payer : Conventional Fastners

ITAT:Paying revaluation surplus to retiring partners not 'colourable device'; Rejects Sec. 45(4) application

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2017(Mum)
  • Tax Payer : Mahul Construction Corporation

SC:Uncertainty looms as Justice Kaul holds CBDT's appeal filing circular 'retrospective'

  • In Favour of Assessee
  • Citation Number : TS-549-SC-2017
  • Tax Payer : S. R. M. B. Dairy Farming (P) Ltd.

SC:Dismisses Revenue's appeal; Advance excise duty deposit in PLA deductible u/s. 43B

  • In Favour of Assessee
  • Citation Number : TS-548-SC-2017
  • Tax Payer : Modipon Ltd.

HC:Revision Petition u/s 264 maintainable, not availing appeal remedy no bar for availing right u/s. 264

  • In Favour of Assessee
  • Citation Number : TS-547-HC-2017(DEL)
  • Tax Payer : Paradigm Geophysical Pvt. Ltd.

ITAT:Milk processing unit transfer, slump-sale u/s. 50B; Rejects 'only specific assets transfer' plea

  • In Favour of Revenue
  • Citation Number : TS-546-ITAT-2017(PUN)
  • Tax Payer : Vijay Mohan Harde

ITAT: Taxpayer's share transaction, not bogus merely because SEBI initiated investigation against broker

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2017(Mum)
  • Tax Payer : Arvind Kumar Jain HUF

ITAT:Rejects business loss claim for write-off of rental deposit

  • In Favour of Revenue
  • Citation Number : TS-544-ITAT-2017(Bang)
  • Tax Payer : GXS India Technology Centre Pvt. Ltd.

ITAT: Deletes addition of on-money receipt against disputed land ; Absent corroborative evidence

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2017(Ahd)
  • Tax Payer : Texraj Realty P.Ltd

ITAT:Receipt of trivial refundable security on JDA execution, not taxable as capital gains

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2017(Bang)
  • Tax Payer : Smt. Uma Narendra

ITAT:Treats liability towards unclaimed plot allotment refunds outstanding beyond 3 years as income

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2017(CHANDI)
  • Tax Payer : Haryana State Industrial & Infrastructure Dev. Corp. Ltd.

ITAT: Bond transactions with Harshad Mehta not hit by Sec. 94(4) considering interest exemption

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2017(Mum)
  • Tax Payer : Growmore Leasing & Investment Ltd.