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Rulings ( 12931 results )

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Income tax Appellate Tribunal

ITAT: Sec.200A on late fee levy u/s234E for delayed TDS quarterly statement filing, applies prospectively

Oct 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-776-ITAT-2024(DEL)
  • Tax Payer : Dream Design and Display India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Order should be u/s 144 not u/s 143(3); CBDT instruction binding on tax authority

Oct 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-774-ITAT-2024(DEL)
  • Tax Payer : PME Power Projects India Ltd
Income tax Appellate Tribunal

ITAT: Interest on delayed CD, compensatory in nature not penalty, deductible u/s 37(1)

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-770-ITAT-2024(Bang)
  • Tax Payer : Mangalore Chemicals & Fertilizers Limited
High Court

HC: International tax appeals involving DTAA provisions not covered by exceptions under para 3.1 of CBDT Circular 5/2024

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-769-HC-2024(P & H)
  • Tax Payer : Perfetti Van Melle Ict B.V.
Supreme Court

SC: Dismisses Revenue’s SLP on issues of reopening of assessment on change of opinion

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-768-SC-2024
  • Tax Payer : Godrej Agrovet Ltd
Supreme Court

SC: Dismisses Revenue’s SLP involving Sec. 69 addition towards HSBC Geneva deposits

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-766-SC-2024
  • Tax Payer : Joginder Singh Chatha
Supreme Court

SC: Distinguishes Vijaya Bank, allows broken period interest deduction to Banks, if stock-in-trade

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-767-SC-2024
  • Tax Payer : The Bank of Rajasthan Ltd
Income tax Appellate Tribunal

ITAT: Non-filers not to deposit 90% of disputed demand u/s249(4)(b); Accepts tax paid on estimated income

Oct 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-765-ITAT-2024(Bang)
  • Tax Payer : Maroofali I Shaikh
High Court

HC: No intervention by HC where appeals pending with appellate and revisionary authorities

Oct 16, 2024
  • In Favour of Revenue
  • Citation Number : TS-764-HC-2024(BOM)
  • Tax Payer : Dennischarles John Das
High Court

HC: Substratum of adverse findings by ITAT undermined; Affirmation of CIT(A) order a mechanical approach

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-763-HC-2024(BOM)
  • Tax Payer : Ashok Kumar Rungta
Income tax Appellate Tribunal

ITAT: TDS u/s194-I not applicable, collaborator merely receives shared revenue, does not render service

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2024(DEL)
  • Tax Payer : VLCC Health Care Ltd
High Court

HC: Quashes re-assessment proceedings as time barred u/s149(1)(b); Follows Rajeev Bansal

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-760-HC-2024(DEL)
  • Tax Payer : Felix Generics Private Limited
High Court

HC: Sec.143(2) notice by ACIT/DCIT (Intl Tax) valid; Rule 12E does not confine CBDT powers

Oct 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-759-HC-2024(DEL)
  • Tax Payer : Ambience Towers Private Limited
Income tax Appellate Tribunal

ITAT: Clarifies law on fresh deduction claims made pursuant to search

Oct 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-758-ITAT-2024(HYD)
  • Tax Payer : SEW Infrastructure Limited
Income tax Appellate Tribunal

ITAT: Mere pass-through funds received by Government cannot be recognised as Gujarat Tourism Corp's income

Oct 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2024(Ahd)
  • Tax Payer : Tourism Corporation of Gujarat Ltd
Income tax Appellate Tribunal

ITAT: Advances received from subsidiary for certain expenditure not deemed dividend u/s 2(22)(e), dismisses appeal

Oct 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-755-ITAT-2024(DEL)
  • Tax Payer : Uniparts India Ltd
Income tax Appellate Tribunal

ITAT: Appeal dismissal over non-payment of tax despite non-applicability of Sec.249(4)(b) as per Form 35 invalid

Oct 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2024(Ahd)
  • Tax Payer : Kantilal Laxmichand Jain
Income tax Appellate Tribunal

ITAT: Capital reserve created on amalgamation, capital in nature, not taxable as perquisite u/s 28(iv)

Oct 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2024(Mum)
  • Tax Payer : Samagra Wealthmax private Limited
Income tax Appellate Tribunal

ITAT: Technical inspection services, scanning of offshore pipeline under sea, not FTS sans ‘Make available’ fulfillment

Oct 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-742-ITAT-2024(DEL)
  • Tax Payer : Transkor Global Pte Ltd
Income tax Appellate Tribunal

ITAT: Deletes unexplained share premium addition, Assessee established source of funds & genuineness of investment

Oct 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-738-ITAT-2024(DEL)
  • Tax Payer : ACE Cabs Limited