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Rulings ( 13225 results )
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
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