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Rulings ( 12909 results )
High Court
HC: Final order passed under Faceless Assessment sans issuance of draft order, unsustainable
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-250-HC-2024(MAD)
- Tax Payer : Prakash Chand Jain
High Court
HC: Failure to request for personal hearing through prescribed mode not fatal
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-251-HC-2024(MAD)
- Tax Payer : Bay-Forge Private Limited
High Court
HC: Full & true disclosure test met; Judicial review of ITSC order impermissible
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-249-HC-2024(DEL)
- Tax Payer : Trent East West Lpg Bottling Ltd
High Court
HC: Upholds NASSCOM’s exemption based on principle of mutuality
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-248-HC-2024(DEL)
- Tax Payer : National Association Of Software And Service Companies (NASSCOM)
Income tax Appellate Tribunal
ITAT: Investment company’s share value dependent upon underlying operating company’s value; NAV method appropriate
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2024(Mum)
- Tax Payer : Tex-Kare Cleaners Pvt. Ltd
High Court
HC: Valuation cannot be rejected basis inconsistency between projected & actual figures
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-247-HC-2024(DEL)
- Tax Payer : Abhirvey Projects Private Limited
High Court
HC: Quashes reassessment proceedings initiated basis ‘set aside revisionary order’ of subsequent AY
Apr 13, 2024
- In Favour of Assessee
- Citation Number : TS-239-HC-2024(BOM)
- Tax Payer : MFE Formwork Technology SDN.BHD
High Court
HC: Incriminating material for one AY cannot trigger Sec.153C proceedings for other relevant AYs
Apr 12, 2024
- In Favour of Assessee
- Citation Number : TS-246-HC-2024(DEL)
- Tax Payer : Saksham Commodities Limited
Income tax Appellate Tribunal
ITAT: Absent independent corroboration, deletes alleged unexplained election expenditure for former TN Minister
Apr 10, 2024
- In Favour of Assessee
- Citation Number : TS-244-ITAT-2024(CHNY)
- Tax Payer : O. Panneerselvam
High Court
HC: PCCIT's sanction against Vodafone mechanical as 'escaped income' reduced by Rs.30,400 Cr. in Sec.148A(d) order
Apr 08, 2024
- In Favour of Assessee
- Citation Number : TS-243-HC-2024(BOM)
- Tax Payer : Vodafone Idea Limited
High Court
HC: Angel Tax valuation method 'solely' Assessee's choice; Allows independent FMV determination by Revenue
Apr 08, 2024
- In Favour of Assessee
- Citation Number : TS-241-HC-2024(DEL)
- Tax Payer : Agra Portfolio Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Income from running marriage halls incidental to main object, Sec.11 exemption allowable
Apr 06, 2024
- In Favour of Assessee
- Citation Number : TS-233-ITAT-2024(CHNY)
- Tax Payer : A.V.M. Charities
Income tax Appellate Tribunal
ITAT: No income accrual in India from offshore property transfer; Follows Ishikawajma Harima judgment
Apr 06, 2024
- In Favour of Assessee
- Citation Number : TS-238-ITAT-2024(Mum)
- Tax Payer : Schindler China Elevator Company Limited
Income tax Appellate Tribunal
ITAT: Pre-demonetisation sales cannot be deemed inflated sans discrepancy in records
Apr 06, 2024
- In Favour of Assessee
- Citation Number : TS-150-ITAT-2024(DEL)
- Tax Payer : Harisons Diamonds Pvt Ltd
High Court
HC: Events occurring after balance sheet date relevant to ascertain accrual in current year
Apr 06, 2024
- In Favour of Assessee
- Citation Number : TS-236-HC-2024(DEL)
- Tax Payer : Bhishansaroop Ram
High Court
HC: Reassessment in wife's name invalid where alleged investment made by husband
Apr 06, 2024
- In Favour of Assessee
- Citation Number : TS-227-HC-2024(BOM)
- Tax Payer : Kalpita Arun Lanjekar
High Court
HC: Reassessment not time-barred over mere delay in furnishing reasons if initiated timely
Apr 05, 2024
- In Favour of Assessee
- Citation Number : TS-240-HC-2024(KAR)
- Tax Payer : Bangalore Turf Club Limited
Foreign Court
FC: Swiss Court rules on ‘relevance’ of information exchanged under DTAA; Rejects ‘fishing expedition’ plea
Apr 05, 2024
- In Favour of Revenue
- Citation Number : TS-834-FC-2023(SWTZ)
- Tax Payer : X Furnishing AG
High Court
HC: Exclusion of 'Sec.80G regular registration' in CBDT Circular extending compliance timeline 'unconstitutional'
Apr 05, 2024
- In Favour of Assessee
- Citation Number : TS-237-HC-2024(MAD)
- Tax Payer : Sri Nrisimha Priya Charitable Trust
High Court
HC: Remits stay application with direction to follow NASSCOM judgment; 40% deposit 'harsher burden'
Apr 04, 2024
- In Favour of Assessee
- Citation Number : TS-235-HC-2024(DEL)
- Tax Payer : Sushen Mohan Gupta