Rulings ( 12913 results )

HC: Reassessment not time-barred over mere delay in furnishing reasons if initiated timely

  • In Favour of Assessee
  • Citation Number : TS-240-HC-2024(KAR)
  • Tax Payer : Bangalore Turf Club Limited

FC: Swiss Court rules on ‘relevance’ of information exchanged under DTAA; Rejects ‘fishing expedition’ plea

  • In Favour of Revenue
  • Citation Number : TS-834-FC-2023(SWTZ)
  • Tax Payer : X Furnishing AG

HC: Exclusion of 'Sec.80G regular registration' in CBDT Circular extending compliance timeline 'unconstitutional'

  • In Favour of Assessee
  • Citation Number : TS-237-HC-2024(MAD)
  • Tax Payer : Sri Nrisimha Priya Charitable Trust

HC: Remits stay application with direction to follow NASSCOM judgment; 40% deposit 'harsher burden'

  • In Favour of Assessee
  • Citation Number : TS-235-HC-2024(DEL)
  • Tax Payer : Sushen Mohan Gupta

HC: Rules on amended Sec.153C ambit, reckoning ‘relevant AYs’ & implications of monetary threshold

  • In Favour of Both, Partially
  • Citation Number : TS-232-HC-2024(DEL)
  • Tax Payer : Ojjus Medicare Pvt. Ltd. & Others

HC: Reads down CBDT Order prescribing Jan'21 as eligibility threshold for old settlement applications

  • In Favour of Assessee
  • Citation Number : TS-234-HC-2024(BOM)
  • Tax Payer : Sar Senapati Santaji Ghorpade Sugar Factory Ltd

HC: Placing notice on e-portal not service; Communication cannot be 'presumed'

  • In Favour of Assessee
  • Citation Number : TS-231-HC-2024(P & H)
  • Tax Payer : Munjal BCU

HC: Sec.80-IC deduction allowable on unsubstantiated share capital addition prior to AY 2013-14

  • In Favour of Assessee
  • Citation Number : TS-230-HC-2024(DEL)
  • Tax Payer : Valley Iron & Steel Co.Ltd

HC: Company's leasehold land includible for valuing cost of shares for transferor's capital gains

  • In Favour of Assessee
  • Citation Number : TS-229-HC-2024(J & K)
  • Tax Payer : Dr. Karan Singh

HC: Expounds on ambit of Ashish Agarwal judgment; Follows Constitution Bench judgment on Art.142

  • In Favour of Assessee
  • Citation Number : TS-228-HC-2024(DEL)
  • Tax Payer : Anindita Sengupta

HC: New regime mandates reassessment basis 'audit objection'; Rejects 'change of opinion' plea

  • In Favour of Assessee
  • Citation Number : TS-226-HC-2024(KER)
  • Tax Payer : Sree Narayana Guru Memorial Educational And Cultural Trust

ITAT: Disallowance of Chapter VI-A deductions in ITR-processing effective from 2021, not retrospective

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2024(NAG)
  • Tax Payer : Food Corporation of India Employees Co-op. Credit Society Limited

ITAT: Services by partner's relative not doubted; Salary allowable as neither excessive nor unreasonable

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2024(Ahd)
  • Tax Payer : M S Hostel

HC: Automatic release of seized asset not mandatory on expiry of 120 days

  • In Favour of Revenue
  • Citation Number : TS-214-HC-2024(ALL)
  • Tax Payer : Dipak Kumar Agarwal

HC: Rejects reassessment as investor not involved in sham transaction alleged against JM Financial

  • In Favour of Assessee
  • Citation Number : TS-225-HC-2024(BOM)
  • Tax Payer : Karan Maheshwari

HC: 'Change of opinion' inbuilt check against reassessment; Live link between material & belief sine qua non

  • In Favour of Assessee
  • Citation Number : TS-221-HC-2024(BOM)
  • Tax Payer : Vibrant Securities Pvt. Ltd

FC: Dutch Court holds interpretation of treaty text lacking clarity cannot be detrimental to taxpayer

  • In Favour of Assessee
  • Citation Number : TS-833-FC-2023(NETH)
  • Tax Payer : Anonymous

HC: Directs Interim Board to pass settlement order basis ITSC’s decision & Member’s affidavit

  • In Favour of Assessee
  • Citation Number : TS-217-HC-2024(GUJ)
  • Tax Payer : Gagjibhai Bhurabhai Koshiya & Ors

ITAT: Third Member holds CCTV footage & Sec.132(4) statement not conclusive on demonetised cash deposits

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2024(DEL)
  • Tax Payer : D.L. Heera Bhai Jewellery Arcade Pvt. Ltd

HC: Document's photocopy lacks evidentiary value, not reliable unless corroborated by other evidence

  • In Favour of Assessee
  • Citation Number : TS-220-HC-2024(DEL)
  • Tax Payer : Rashmi Rajiv Mehta