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Rulings ( 13453 results )
Income tax Appellate Tribunal
ITAT: Denial of FTC unsustainable, procedural compliance stands satisfied by submission of Form 67
Nov 23, 2024
- In Favour of Assessee
- Citation Number : TS-860-ITAT-2024(Kol)
- Tax Payer : Neetu Agarwal
High Court
HC: Reassessment initiated u/s 147 valid even if jurisdictional condition u/s 153C unsatisfied
Nov 22, 2024
- In Favour of Revenue
- Citation Number : TS-856-HC-2024(DEL)
- Tax Payer : NAVEEN KUMAR GUPTA
High Court
HC: Allows business loss holding the same to be genuine and not a sham transaction
Nov 22, 2024
- In Favour of Assessee
- Citation Number : TS-855-HC-2024(DEL)
- Tax Payer : G-TEKT INDIA PVT. LTD.
Income tax Appellate Tribunal
ITAT: No penalty u/s 271D leviable as no violation of provisions of Section 269SS
Nov 21, 2024
- In Favour of Assessee
- Citation Number : TS-854-ITAT-2024(DDN)
- Tax Payer : Uttarakhand Enterprises Ltd
Supreme Court
SC: Dismisses Revenue’s SLP on the issue of validity of jurisdiction u/s 153C
Nov 20, 2024
- In Favour of Assessee
- Citation Number : TS-834-SC-2024
- Tax Payer : Himalaya Drug Company
Income tax Appellate Tribunal
ITAT: Repairs & maintenance services of aircraft equipment not FTS, make available not satisfied
Nov 20, 2024
- In Favour of Assessee
- Citation Number : TS-853-ITAT-2024(DEL)
- Tax Payer : Rockwell Collins Southeast Asia Pte Ltd
Income tax Appellate Tribunal
ITAT: Eligible for TDS credit in AY 2008-09 although corresponding income offered in previous AY
Nov 20, 2024
- In Favour of Assessee
- Citation Number : TS-852-ITAT-2024(Ahd)
- Tax Payer : Suzlon Energy Ltd
Supreme Court
SC: Dismisses Revenue’s SLP on invocation of penalty against SBI; Affirms Karnataka HC in Manjunatha Cotton
Nov 20, 2024
- In Favour of Assessee
- Citation Number : TS-850-SC-2024
- Tax Payer : State Bank of India
High Court
HC: Receipts towards co-marketing agreement resulting in surrender of patent & trademark, capital receipts
Nov 19, 2024
- In Favour of Assessee
- Citation Number : TS-848-HC-2024(TEL)
- Tax Payer : Satiofi Healthcare
Income tax Appellate Tribunal
ITAT: Broker not counter party, an intermediary between clients & NSEL, TDS u/s 194A not applicable
Nov 19, 2024
- In Favour of Assessee
- Citation Number : TS-847-ITAT-2024(Mum)
- Tax Payer : Anand Rathi Commodities Limited
Income tax Appellate Tribunal
ITAT: Receipts earned from incidental activity not business income, entitled Sec. 11 exemption
Nov 18, 2024
- In Favour of Assessee
- Citation Number : TS-846-ITAT-2024(Mum)
- Tax Payer : St. Joseph’s Education and Medical Relief Society
Supreme Court
SC: Quashes reassessment proceedings stemming from sale-cum-gift between mother & son; Sec. 50C inapplicable
Nov 18, 2024
- In Favour of Assessee
- Citation Number : TS-845-SC-2024
- Tax Payer : MAHENDRA GALA
Income tax Appellate Tribunal
ITAT: Reassessment u/s 148 sans proper reasons, invalid; Independent investigation of unsecured loans by AO mandatory.
Nov 16, 2024
- In Favour of Assessee
- Citation Number : TS-844-ITAT-2024(DEL)
- Tax Payer : R.N. Khemka Enterprises Private Ltd.
Income tax Appellate Tribunal
ITAT: Allows Sec.80P deduction on interest income of cooperative society; Follows Mavilayi Service Co-op Bank ruling
Nov 16, 2024
- In Favour of Assessee
- Citation Number : TS-843-ITAT-2024(PAN)
- Tax Payer : Shri Arihant Credit Souhard Sahakari Ltd.
Income tax Appellate Tribunal
ITAT: Stamp duty value on sale agreement date relevant, agreement & registration date differs; Deletes Sec.43CA addition
Nov 16, 2024
- In Favour of Assessee
- Citation Number : TS-841-ITAT-2024(Mum)
- Tax Payer : Arihant Associates
High Court
HC: TDS default penalty time barred; Limitation reckonable from reference date, not SCN
Nov 16, 2024
- In Favour of Assessee
- Citation Number : TS-842-HC-2024(DEL)
- Tax Payer : M/S ADMA SOLUTIONS PVT. LTD. (FORMERLY KNOWN AS M/S INFOVISION INFORMATION SERVICES PVT.LTD.)
Income tax Appellate Tribunal
ITAT: Managerial services outside ambit of FTS; Not taxable in India under Art 13 of India-UK DTAA
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-839-ITAT-2024(Mum)
- Tax Payer : ESAB Holdings Limited
Income tax Appellate Tribunal
ITAT: GST excluded from presumptive income u/s 44B; Sec.145A amendment inapplicable to Sec.44B cases
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-838-ITAT-2024(Mum)
- Tax Payer : Orient Overseas Container Line Limited
Income tax Appellate Tribunal
ITAT: Holds Sec.201(1)/(1A) order barred by limitation; Amended limitation u/s 201(3) not applicable
Nov 14, 2024
- In Favour of Assessee
- Citation Number : TS-837-ITAT-2024(DEL)
- Tax Payer : Turner General Entertainment Net works India Limited
Income tax Appellate Tribunal
ITAT: Assessee entitled to credit of brought forward TDS on advance received for terminated contracts
Nov 14, 2024
- In Favour of Assessee
- Citation Number : TS-836-ITAT-2024(Mum)
- Tax Payer : LEC-TPL UJV