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Rulings ( 12900 results )
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s 271(1)(c) as revised income accepted during assessment; Relies on Pushpendra Surana
Aug 10, 2024
- In Favour of Assessee
- Citation Number : TS-573-ITAT-2024(JPR)
- Tax Payer : Ajoy Sharma
Supreme Court
SC: Copy of SC order dismissing MFN review petitions
Aug 09, 2024
- In Favour of Revenue
- Citation Number : TS-581-SC-2024
- Tax Payer : Nestle SA
Income tax Appellate Tribunal
ITAT: Professional services receipt by EY US not FIS sans fulfilment of ‘make available’ criteria
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-580-ITAT-2024(DEL)
- Tax Payer : Ernst And Young U.S. LLP
Income tax Appellate Tribunal
ITAT: Third Member concurs with JM, search on directors cannot be construed as valid search on company
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-578-ITAT-2024(Bang)
- Tax Payer : Blueline Foods (India) Pvt. Ltd
Foreign Court
FC: Australia Full Court rules that Embedded Intellectual Property not taxable as 'Royalty'
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-575-FC-2024(AUS)
- Tax Payer : PepsiCo, Inc and Stokely-Van Camp, Inc
High Court
HC: Quashes reassessment notices & order passed contrary to notified mandatory faceless procedure u/Sec.151A
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-576-HC-2024(BOM)
- Tax Payer : Kairos Properties Private Limited
High Court
HC: Upholds ITAT’s dismissal of Revenue’s appeal on ground of lower tax effect, case out of exception
Aug 09, 2024
- In Favour of Assessee
- Citation Number : TS-574-HC-2024(GUJ)
- Tax Payer : N K Industries Ltd
High Court
HC: Consideration received not taxable as 'profits in lieu of salary' but capital gains, not employment related
Aug 08, 2024
- In Favour of Assessee
- Citation Number : TS-572-HC-2024(DEL)
- Tax Payer : Akash Poddar
High Court
HC: Quashes reassessment basis Assessee’s failure to electronically submit Form10 within limitation, mere procedure
Aug 08, 2024
- In Favour of Assessee
- Citation Number : TS-571-HC-2024(DEL)
- Tax Payer : The Associated Chambers Of Commerce And Industry Of India
Income tax Appellate Tribunal
ITAT: DDT by domestic entity on dividend to foreign company not entitled to DTAA benefit
Aug 07, 2024
- In Favour of Revenue
- Citation Number : TS-569-ITAT-2024(PUN)
- Tax Payer : Piaggio Vehicles Private Limited
Income tax Appellate Tribunal
ITAT: Commission received for marketing and sales services not FTS u/Sec.9(1)(vii) or DTAA
Aug 07, 2024
- In Favour of Assessee
- Citation Number : TS-568-ITAT-2024(Bang)
- Tax Payer : Steer America Inc.
High Court
HC: SCN based on incorrect information, new charge cannot be added to salvage reassessment; Quashes reassessment
Aug 06, 2024
- In Favour of Assessee
- Citation Number : TS-566-HC-2024(DEL)
- Tax Payer : Banyan Real Estate Fund Mauritius
High Court
HC: Date of satisfaction note relevant for computing block assessment period u/Sec.153C; Search assessment unsustainable
Aug 06, 2024
- In Favour of Assessee
- Citation Number : TS-564-HC-2024(DEL)
- Tax Payer : Karina Airlines International Ltd
Income tax Appellate Tribunal
ITAT: Capital gains on transfer of rights not taxable u/sec.9 as situs of capital asset not in India
Aug 05, 2024
- In Favour of Assessee
- Citation Number : TS-563-ITAT-2024(DEL)
- Tax Payer : Nikesh Arora
Income tax Appellate Tribunal
ITAT: Deletes addition towards cash deposits during demonitization period, based on suspicion, conjecture & surmises
Aug 05, 2024
- In Favour of Assessee
- Citation Number : TS-562-ITAT-2024(DEL)
- Tax Payer : Vijay Kumar Jain
Income tax Appellate Tribunal
ITAT: Reassessment notice time barred & below prescribed limit as introduced by Finance Act, 2021
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-542-ITAT-2024(CHNY)
- Tax Payer : Hyundai Transys INC
Income tax Appellate Tribunal
ITAT: No prejudice to Revenue if audit report submitted on demand, grants exemption u/Sec.12A
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-526-ITAT-2024(DEL)
- Tax Payer : Ram Chameli Chadha Vishwas Girls College Society
Income tax Appellate Tribunal
ITAT: Disallows bad debts provision as irrecoverable from overseas entity sans statutory approval from RBI
Aug 03, 2024
- In Favour of Revenue
- Citation Number : TS-559-ITAT-2024(CHNY)
- Tax Payer : Vaasautomation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Reference to DVO for roving enquiries without rejecting Assessee’s books not valid; Deletes addition u/s.69
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-561-ITAT-2024(PUN)
- Tax Payer : Royal Estates
High Court
HC: Sets aside reassessment proceedings over disparity between Sec.148A(d) order & Sec.148A(b) notice; Expln 3 to Sec.147 inapplicable
Aug 03, 2024
- In Favour of Assessee
- Citation Number : TS-560-HC-2024(DEL)
- Tax Payer : ATS Infrastructure Limited