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Rulings ( 12931 results )
Income tax Appellate Tribunal
ITAT: Non-initiation of Sec.270A, no ground to initiate revisionary proceedings
Oct 12, 2024
- In Favour of Assessee
- Citation Number : TS-752-ITAT-2024(CHNY)
- Tax Payer : Anitha Texcot (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Bharti Airtel not liable to TDS towards remittance of bandwidth charges & agency fee
Oct 11, 2024
- In Favour of Both, Partially
- Citation Number : TS-751-ITAT-2024(DEL)
- Tax Payer : Bharti Airtel Limited
Foreign Court
FC: Austrian Court holds Treaty Text in English Prevails Over Text in Regional Language
Oct 11, 2024
- In Favour of Assessee
- Citation Number : TS-749-FC-2024(AST)
- Tax Payer : Anonymous
High Court
HC: Sec. 244A interest payable till order of payment instead of date of refund order
Oct 11, 2024
- In Favour of Assessee
- Citation Number : TS-750-HC-2024(DEL)
- Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Late fees u/s 234E & intimation u/s 200A not applicable to AYs prior to June 2015
Oct 11, 2024
- In Favour of Assessee
- Citation Number : TS-746-ITAT-2024(Mum)
- Tax Payer : Balaji Graphics Art Pvt Ltd
Income tax Appellate Tribunal
ITAT: Foreign tax credit to be granted if Form 67 filed belatedly but prior to 143(1) order
Oct 10, 2024
- In Favour of Assessee
- Citation Number : TS-745-ITAT-2024(HYD)
- Tax Payer : Ramesh Babu Jasti Gandipet
High Court
HC: Sec.148 notice by JAO valid, as proceedings basis information received during search
Oct 10, 2024
- In Favour of Assessee
- Citation Number : TS-744-HC-2024(GUJ)
- Tax Payer : Talati And Talati LLP
Income tax Appellate Tribunal
ITAT: Substantial justice to prevail over technical considerations for condonation of delay, allows appeal
Oct 10, 2024
- In Favour of Assessee
- Citation Number : TS-743-ITAT-2024(Mum)
- Tax Payer : Dhoot Industrial Finance Ltd
Income tax Appellate Tribunal
ITAT: Maximum surcharge rate applies for MMR for Pvt. discretionary trust; CPC empowered to compute correct tax
Oct 09, 2024
- In Favour of Revenue
- Citation Number : TS-741-ITAT-2024(Mum)
- Tax Payer : Aradhya Jain Trust
High Court
HC: Anonymous donations to Shridi Sai Baba trust eligible u/s115BBC(2)(b); Sec.80G & Sec.115BBC(2)(b) independent provisions
Oct 09, 2024
- In Favour of Assessee
- Citation Number : TS-740-HC-2024(BOM)
- Tax Payer : Shree Sai Baba Sansthan Trust – Shirdi
Income tax Appellate Tribunal
ITAT: Findings under Income tax proceedings not binding under BMA, as BMA taxes undisclosed income
Oct 08, 2024
- In Favour of Assessee
- Citation Number : TS-739-ITAT-2024(Mum)
- Tax Payer : Captain Vilas Waman Katre
Income tax Appellate Tribunal
ITAT: CIT(A) exceeded in powers, in contravention to Sec.251, remands back to CIT(A)
Oct 08, 2024
- In Favour of Assessee
- Citation Number : TS-737-ITAT-2024(Mum)
- Tax Payer : Jyoti Prakash Deshmukh
Income tax Appellate Tribunal
ITAT: Assessee deemed Indian resident by virtue of Article 4(2)(a) of India-US DTAA, dismisses appeal
Oct 07, 2024
- In Favour of Revenue
- Citation Number : TS-736-ITAT-2024(Mum)
- Tax Payer : Ashok Kumar Pandey
Income tax Appellate Tribunal
ITAT: Valuation of stock in accordance to Sec 145A and ICDS, deletes addition
Oct 07, 2024
- In Favour of Assessee
- Citation Number : TS-735-ITAT-2024(COCH)
- Tax Payer : Arunkumar Puthige
Income tax Appellate Tribunal
ITAT: Quashes penalty as Revenue failed to point specific action u/Sec.270A(9) for imposition of penalty
Oct 05, 2024
- In Favour of Assessee
- Citation Number : TS-726-ITAT-2024(Bang)
- Tax Payer : IIFL Samasta Finance Limited
Income tax Appellate Tribunal
ITAT: Block period for Sec.153C proceedings begins from receipt of seized material by AO; Quashes Sec.153 proceedings
Oct 05, 2024
- In Favour of Assessee
- Citation Number : TS-731-ITAT-2024(CHNY)
- Tax Payer : KSJ Infrastructure Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Disallowance u/Sec.40A(3)/40(a)(ia) unwarranted, where profits estimated post rejection of books of accounts
Oct 05, 2024
- In Favour of Assessee
- Citation Number : TS-732-ITAT-2024(CHNY)
- Tax Payer : Shri Irulandi Thevar Vetrivel
High Court
HC: Upholds Sec.80-IA deduction towards port development post agreement with State nodal agency
Oct 05, 2024
- In Favour of Assessee
- Citation Number : TS-728-HC-2024(CAL)
- Tax Payer : Bothra Shipping Services Private Limited
Supreme Court
SC: Copy of SC order dismissing assessee's SLP on guarantee charges
Oct 05, 2024
- In Favour of Revenue
- Citation Number : TS-734-SC-2024
- Tax Payer : Johnson Matthey Public Ltd. Company
High Court
HC: Settlement applications permitted before Settlement Commission where search conducted prior to March 31, 2021
Oct 04, 2024
- In Favour of Assessee
- Citation Number : TS-733-HC-2024(KER)
- Tax Payer : NEW HOPE FOUNDATION