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Rulings ( 12931 results )
Foreign Court
FC: Finnish SC on Beneficiary’s Entitlement to FTC Paid by Estate of Deceased
Oct 04, 2024
- In Favour of Assessee
- Citation Number : TS-1067-FC-2022(FIN)
- Tax Payer : A
Supreme Court
SC: Beyond AO's powers to accept time-barred revised return claim; Distinguishes Wipro Finance
Oct 04, 2024
- In Favour of Revenue
- Citation Number : TS-730-SC-2024
- Tax Payer : M/s Shriram Investments
Income tax Appellate Tribunal
ITAT: Allows 20% concessional cap. gains rate to depreciable assets; Accountant Member dissents
Oct 04, 2024
- In Favour of Assessee
- Citation Number : TS-729-ITAT-2024(Mum)
- Tax Payer : SKF India Limited
Income tax Appellate Tribunal
ITAT: Holds MADC to be State under Article 289(1), thus interest on FDs not chargeable to tax
Oct 03, 2024
- In Favour of Assessee
- Citation Number : TS-727-ITAT-2024(Mum)
- Tax Payer : Maharashtra Airport Development Co. Ltd
Supreme Court
SC: TOLA survives post IT Act amendment courtesy 'substitution' principle'; Upholds re-assessment notices
Oct 03, 2024
- In Favour of Revenue
- Citation Number : TS-725-SC-2024
- Tax Payer : Rajeev Bansal
High Court
HC: Rejection of revision application not correct, Sec.264 salutary provision allows remedy of mistakes
Oct 01, 2024
- In Favour of Assessee
- Citation Number : TS-724-HC-2024(BOM)
- Tax Payer : Bahar Infocons Pvt. Ltd
Supreme Court
SC: Copy of SC order disposing off hundreds of low tax effect cases
Oct 01, 2024
- In Favour of Assessee
- Citation Number : TS-723-SC-2024
- Tax Payer : GBL Power Limited
Income tax Appellate Tribunal
ITAT: Signing of assessment order ‘mandatory’ & ‘integral’; Assessment incomplete & invalid sans digital signature
Oct 01, 2024
- In Favour of Assessee
- Citation Number : TS-722-ITAT-2024(Mum)
- Tax Payer : Bennett Coleman & Co Ltd
Income tax Appellate Tribunal
ITAT: Expenditure incurred for business allowable u/s37, cannot deny basis income not recognized in the year
Sep 30, 2024
- In Favour of Assessee
- Citation Number : TS-721-ITAT-2024(Ahd)
- Tax Payer : Montecarlo Construction Ltd
Supreme Court
SC: Technological impediment cannot be reason for harassing Assessee; Directs Revenue to rectify excess levy
Sep 30, 2024
- In Favour of Assessee
- Citation Number : TS-720-SC-2024
- Tax Payer : Sunil Bakht
Income tax Appellate Tribunal
ITAT: Infrastructure devpt. co. ineligible for depreciation u/s32 on toll roads sans ‘ownership’; Follows North Karnataka
Sep 28, 2024
- In Favour of Revenue
- Citation Number : TS-716-ITAT-2024(Mum)
- Tax Payer : Hazaribagh Ranchi Expressway Ltd
High Court
HC: Approval u/s10(23C) cannot be denied sans specific findings on objects qua ‘educational activities’
Sep 28, 2024
- In Favour of Assessee
- Citation Number : TS-708-HC-2024(CHAT)
- Tax Payer : Shaheed Nand Kumar Patel Vishwavidyalaya
High Court
HC: Reiterates legal position on 'substantial question of law', no dispute over genuineness of loss
Sep 28, 2024
- In Favour of Assessee
- Citation Number : TS-713-HC-2024(KAR)
- Tax Payer : Jupiter Enterainment Ventures (P)Ltd
High Court
HC: Amendment to Sec.14A prospective in nature, follows Era Infrastructure, reprimands ITAT
Sep 28, 2024
- In Favour of Assessee
- Citation Number : TS-718-HC-2024(GAUH)
- Tax Payer : Williamson Financial Services Limited
Supreme Court
SC: Copy of SC order dismissing SLP in software taxation issue, noting Revenue's concession
Sep 27, 2024
- In Favour of Assessee
- Citation Number : TS-719-SC-2024
- Tax Payer : Net App BV
Prohibition of Benami Property Transactions Appellate Tribunal
PBPTAT: Cash seized substantively proved to be belonging to the beneficial owner
Sep 27, 2024
- In Favour of Revenue
- Citation Number : TS-717-PBPTAT-2024(DEL)
- Tax Payer : Rahul Shah
Foreign Court
FC: SC of Israel holds non-discrimination basis nationality triggers only if levy on foreign national
Sep 27, 2024
- In Favour of Revenue
- Citation Number : TS-1066-FC-2022(ISR)
- Tax Payer : Lo-Ban Resources Ltd, Dekal Foreign Workers Ltd and CG Personnel Services KA 2005 Ltd
High Court
HC: Proceedings on ceased entity unsustainable, incurable u/s 292B; Follows Maruti Suzuki
Sep 27, 2024
- In Favour of Assessee
- Citation Number : TS-715-HC-2024(DEL)
- Tax Payer : International Hospital Limited
High Court
HC: Abhisar Buildwell ratio no 'carte blanche' for Revenue to overcome statutory bar on reassessments
Sep 26, 2024
- In Favour of Assessee
- Citation Number : TS-714-HC-2024(DEL)
- Tax Payer : ARN Infrastructures India Limited
Income tax Appellate Tribunal
ITAT: Delay in filing appeal not attributable to taxpayer, intimation u/s143(1) received after 4036 days, delay condoned
Sep 26, 2024
- In Favour of Assessee
- Citation Number : TS-709-ITAT-2024(Mum)
- Tax Payer : Canadian Kay Pump Ltd