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Rulings ( 12944 results )

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High Court

HC: Upholds quashing of revision directing Sec. 80P disallowance on interest earned by co-operative society

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-825-HC-2024(GUJ)
  • Tax Payer : Ashwinkumar Arban Co Operative Society Ltd
High Court

HC: Initiation of penalty proceedings u/s271C commence from time the reference is made to JCIT

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-824-HC-2024(DEL)
  • Tax Payer : Turner General Entertainment Networks India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: No liability to deduct TDS where payees have disclosed receipts in returns & paid requisite taxes

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2024(Mum)
  • Tax Payer : Shekhar Dadarkar
Supreme Court

SC: Dismisses SLP on applicability of TDS on salaries received by Nuns & Missionaries

Nov 11, 2024
  • In Favour of Revenue
  • Citation Number : TS-822-SC-2024
  • Tax Payer : Institute Of The Franciscan Missionaries Of Mary
High Court

HC: Sec.153C proceedings commences from date seized material are handed over to AO; Upholds assessment

Nov 09, 2024
  • In Favour of Revenue
  • Citation Number : TS-816-HC-2024(TEL)
  • Tax Payer : Jupally Real Estate Developers Private Limited
Income tax Appellate Tribunal

ITAT: Depreciation on goodwill allowable arising from approved amalgamation scheme; Follows Urmin Marketing

Nov 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-821-ITAT-2024(Ahd)
  • Tax Payer : AIA Engineering Limited
High Court

HC: Assessee entitled to interest waiver determined in post-search assessment; Quashes Form3 under DTVSV

Nov 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-808-HC-2024(KAR)
  • Tax Payer : Govindachary S/O Late Sri Dasachary
Income tax Appellate Tribunal

ITAT: Quashes penalty u/s270A sans categorical finding of ‘mis-reporting’ or under-reporting’ of income

Nov 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-812-ITAT-2024(Mum)
  • Tax Payer : Manish Manohardas Asrani
Income tax Appellate Tribunal

ITAT: Allows FTC to AZB on tax withheld in Japan & Nepal on professional legal fees; Follows Amarchand ruling

Nov 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2024(Mum)
  • Tax Payer : AZB and Partners
Income tax Appellate Tribunal

ITAT: Deletes addition on difference in returned & surrendered income; Standalone statement no evidentiary value

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2024(Bang)
  • Tax Payer : Late Kari Thimmegowda Rajashekhara
High Court

HC: Reassessment proceedings invalid, sans Discovery Communications’ failure to disclose fully and truly

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-818-HC-2024(DEL)
  • Tax Payer : Discovery Communications India
Income tax Appellate Tribunal

ITAT: Benefit u/s115BAB available in subsequent AY where taxpayer showcases commencement of manufacturing activities

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2024(HYD)
  • Tax Payer : Granules CZRO Private Limited
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Sets aside attachment order, Amended Benami Act prospectively applicable; Follows Ganapati Dealcom

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-814-PBPTAT-2024(DEL)
  • Tax Payer : Mohammad Shahzad
Income tax Appellate Tribunal

ITAT: Sale of software licenses entitled to benefit, Article 13 of India-Austria DTAA, TRC valid proof

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2024(DEL)
  • Tax Payer : Tricentis Gmbh
High Court

HC: Compensation for land acquisition under State law, not tax exempt under Central law, enacted subsequently

Nov 06, 2024
  • In Favour of Revenue
  • Citation Number : TS-811-HC-2024(KAR)
  • Tax Payer : Tushira Industries
Income tax Appellate Tribunal

ITAT: Interconnectivity charges not FTS, not taxable under residual clause of India-Oman DTAA

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2024(DEL)
  • Tax Payer : Oman Telecommunications Company SAOG
Income tax Appellate Tribunal

ITAT: Penalty imposed u/s 271(1)(c) & 271AAA unsustainable, Failure to satisfy condition precedent

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2024(PAT)
  • Tax Payer : Patliputra Builders Limited
Income tax Appellate Tribunal

ITAT: Fresh notice u/s148 mandatory to assess other income, if initial income has not escaped assessment

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2024(JPR)
  • Tax Payer : Amros Engineering (P) Ltd
Income tax Appellate Tribunal

ITAT: Assessee eligible for selection of more beneficial provision; Allows carry forward of STCL

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2024(Mum)
  • Tax Payer : Morgan Stanley Mauritius Company Ltd
Income tax Appellate Tribunal

ITAT: Closure of LO, no visits by expats, change duly substantiated; Holds no PE of Bently Nevada

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2024(DEL)
  • Tax Payer : Bently Nevada Llc