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Rulings ( 13459 results )
Income tax Appellate Tribunal
ITAT: Capital reduction already examined during assessment proceedings, quashes proceedings u/s 263
Oct 21, 2024
- In Favour of Assessee
- Citation Number : TS-778-ITAT-2024(HYD)
- Tax Payer : Menzies Bobba Ground Handling Services Private Ltd
Supreme Court
SC: Copy of SC order recalling Ganpati Dealcom judgment
Oct 21, 2024
- In Favour of Revenue
- Citation Number : TS-775-SC-2024
- Tax Payer : Ganpati Dealcom Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Quashes reassessment sans Sec.143(2) notice issued prior to finalisation of reassessment order
Oct 19, 2024
- In Favour of Assessee
- Citation Number : TS-771-ITAT-2024(SUR)
- Tax Payer : Eklavya Gems
Income tax Appellate Tribunal
ITAT: Deletes Sec.40(a)(ia) disallowance on payment towards sales commission to US subsidiary; Rejects taxability as FTS
Oct 19, 2024
- In Favour of Assessee
- Citation Number : TS-773-ITAT-2024(Bang)
- Tax Payer : Algonomy Software Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Revenue appeal 'infructuous' sans remedy against CIT(A) order, as 'Appeal Effect' order grants exemption u/s10(26AAB)
Oct 19, 2024
- In Favour of Assessee
- Citation Number : TS-777-ITAT-2024(LKW)
- Tax Payer : Krishi Utpadan Mandi Samiti
Income tax Appellate Tribunal
ITAT: Upholds Sec.153A assessment, Assessee’s failure to provide ‘no objection waiver form’ for verifying undisclosed bank account
Oct 19, 2024
- In Favour of Revenue
- Citation Number : TS-656-ITAT-2024(DEL)
- Tax Payer : Parag Dalmia
Income tax Appellate Tribunal
ITAT: Prize winning from unsold lottery tickets taxable as business income, not income from other sources
Oct 19, 2024
- In Favour of Assessee
- Citation Number : TS-761-ITAT-2024(CHNY)
- Tax Payer : Pooja Marketing
Foreign Court
FC: US Tax Court rules Assistance in Tax-Collection can be applied Independently of Domestic Law Provisions
Oct 18, 2024
- In Favour of Revenue
- Citation Number : TS-772-FC-2024(USA)
- Tax Payer : J.E. RYCKMAN
Income tax Appellate Tribunal
ITAT: Sec.200A on late fee levy u/s234E for delayed TDS quarterly statement filing, applies prospectively
Oct 18, 2024
- In Favour of Assessee
- Citation Number : TS-776-ITAT-2024(DEL)
- Tax Payer : Dream Design and Display India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Order should be u/s 144 not u/s 143(3); CBDT instruction binding on tax authority
Oct 18, 2024
- In Favour of Assessee
- Citation Number : TS-774-ITAT-2024(DEL)
- Tax Payer : PME Power Projects India Ltd
Income tax Appellate Tribunal
ITAT: Interest on delayed CD, compensatory in nature not penalty, deductible u/s 37(1)
Oct 17, 2024
- In Favour of Assessee
- Citation Number : TS-770-ITAT-2024(Bang)
- Tax Payer : Mangalore Chemicals & Fertilizers Limited
High Court
HC: International tax appeals involving DTAA provisions not covered by exceptions under para 3.1 of CBDT Circular 5/2024
Oct 17, 2024
- In Favour of Assessee
- Citation Number : TS-769-HC-2024(P & H)
- Tax Payer : Perfetti Van Melle Ict B.V.
Supreme Court
SC: Dismisses Revenue’s SLP on issues of reopening of assessment on change of opinion
Oct 16, 2024
- In Favour of Assessee
- Citation Number : TS-768-SC-2024
- Tax Payer : Godrej Agrovet Ltd
Supreme Court
SC: Dismisses Revenue’s SLP involving Sec. 69 addition towards HSBC Geneva deposits
Oct 16, 2024
- In Favour of Assessee
- Citation Number : TS-766-SC-2024
- Tax Payer : Joginder Singh Chatha
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