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Rulings ( 13455 results )

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Income tax Appellate Tribunal

ITAT: Deletes addition on difference in returned & surrendered income; Standalone statement no evidentiary value

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2024(Bang)
  • Tax Payer : Late Kari Thimmegowda Rajashekhara
High Court

HC: Reassessment proceedings invalid, sans Discovery Communications’ failure to disclose fully and truly

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-818-HC-2024(DEL)
  • Tax Payer : Discovery Communications India
Income tax Appellate Tribunal

ITAT: Benefit u/s115BAB available in subsequent AY where taxpayer showcases commencement of manufacturing activities

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2024(HYD)
  • Tax Payer : Granules CZRO Private Limited
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Sets aside attachment order, Amended Benami Act prospectively applicable; Follows Ganapati Dealcom

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-814-PBPTAT-2024(DEL)
  • Tax Payer : Mohammad Shahzad
Income tax Appellate Tribunal

ITAT: Sale of software licenses entitled to benefit, Article 13 of India-Austria DTAA, TRC valid proof

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2024(DEL)
  • Tax Payer : Tricentis Gmbh
High Court

HC: Compensation for land acquisition under State law, not tax exempt under Central law, enacted subsequently

Nov 06, 2024
  • In Favour of Revenue
  • Citation Number : TS-811-HC-2024(KAR)
  • Tax Payer : Tushira Industries
Income tax Appellate Tribunal

ITAT: Interconnectivity charges not FTS, not taxable under residual clause of India-Oman DTAA

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2024(DEL)
  • Tax Payer : Oman Telecommunications Company SAOG
Income tax Appellate Tribunal

ITAT: Penalty imposed u/s 271(1)(c) & 271AAA unsustainable, Failure to satisfy condition precedent

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2024(PAT)
  • Tax Payer : Patliputra Builders Limited
Income tax Appellate Tribunal

ITAT: Fresh notice u/s148 mandatory to assess other income, if initial income has not escaped assessment

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2024(JPR)
  • Tax Payer : Amros Engineering (P) Ltd
Income tax Appellate Tribunal

ITAT: Assessee eligible for selection of more beneficial provision; Allows carry forward of STCL

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2024(Mum)
  • Tax Payer : Morgan Stanley Mauritius Company Ltd
Income tax Appellate Tribunal

ITAT: Closure of LO, no visits by expats, change duly substantiated; Holds no PE of Bently Nevada

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2024(DEL)
  • Tax Payer : Bently Nevada Llc
High Court

HC: Sec.153A provisions apply to Sec.153C, subject to satisfaction of conditions; Dismisses Assessee writ

Nov 04, 2024
  • In Favour of Revenue
  • Citation Number : TS-804-HC-2024(MAD)
  • Tax Payer : Pavithra Sugichandran
Income tax Appellate Tribunal

ITAT: Proceedings u/s263 erroneous, no independent finding by Pr.CIT, AO conducted extensive enquiry

Nov 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2024(PAT)
  • Tax Payer : Nalanda Engicon Pvt. Ltd
High Court

HC: Advance received in lieu of AMC, taxable in year of receipt, consideration received non-refundable

Nov 04, 2024
  • In Favour of Revenue
  • Citation Number : TS-802-HC-2024(MAD)
  • Tax Payer : Johnson Lifts Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Development fees a capital receipt as utilized for creation of capital asset, not part of gross receipt

Oct 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2024(JPR)
  • Tax Payer : Navratan Vidha Mandir Shiksha Samiti
Income tax Appellate Tribunal

ITAT: Perpetual debentures with call & step-up option, is borrowing, allows interest u/s36(1)

Oct 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-801-ITAT-2024(Mum)
  • Tax Payer : TMF Holdings Ltd
Income tax Appellate Tribunal

ITAT: No interest is chargeable to tax on advances where no income is accrued

Oct 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-798-ITAT-2024(JPR)
  • Tax Payer : Raath Vidyapeeth
High Court

HC: Partial challenge to ITSC order, untenable, as condition of full & true disclosure satisfied

Oct 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-799-HC-2024(DEL)
  • Tax Payer : ASM Traxim Pvt. Ltd. & Ors
High Court

HC: Distinguishes Hexaware; Reassessment valid even if initiated by JAO

Oct 29, 2024
  • In Favour of Revenue
  • Citation Number : TS-797-HC-2024(DEL)
  • Tax Payer : T.K.S. Builders Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Section 56(2)(vii)(c)(ii) not attracted to shares received under amalgamation scheme, not transfer u/s 47(ii)

Oct 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-796-ITAT-2024(Rjt)
  • Tax Payer : Kruti Rajesh Doshi