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Rulings ( 13459 results )
Income tax Appellate Tribunal
ITAT: Condones 746 days delay, mischaracterisation of expenditure, rectified post professional advice ‘sufficient cause’ to condone
Sep 21, 2024
- In Favour of Assessee
- Citation Number : TS-698-ITAT-2024(DEL)
- Tax Payer : PVR INOX Limited
High Court
HC: Bad debts deduction u/s36(1)(viia) allowable, adjusted in subsequent AY, Sec.36(1)(vii) & 36(1)(viia) distinct & independent
Sep 21, 2024
- In Favour of Assessee
- Citation Number : TS-700-HC-2024(BOM)
- Tax Payer : Industrial Development Bank of India
High Court
HC: TOLA does not alter sanction powers conferred u/s 151, reassessment on approval by JCIT unsustainable
Sep 20, 2024
- In Favour of Assessee
- Citation Number : TS-699-HC-2024(DEL)
- Tax Payer : Abhinav Jindal HUF
High Court
HC: Interest paid to lender covered u/Article 11(3)(b) of India-Germany DTAA, no withholding u/s 195
Sep 20, 2024
- In Favour of Assessee
- Citation Number : TS-697-HC-2024(DEL)
- Tax Payer : Moser Baer India Ltd
Foreign Court
FC: Finnish Supreme Court holds additional compensation partakes same character as original income
Sep 20, 2024
- In Favour of Revenue
- Citation Number : TS-1210-FC-2021(FIN)
- Tax Payer : Mr. A
Income tax Appellate Tribunal
ITAT: Expenses not claimed in ROI, remedy with administrative officers including CBDT not appellate authority
Sep 20, 2024
- In Favour of Assessee
- Citation Number : TS-696-ITAT-2024(DEL)
- Tax Payer : Pasupati Acrylon Limited
High Court
HC: Relief granted in original order, DA justified to rectify apparent mistake, VsV intent to mitigate litigation
Sep 20, 2024
- In Favour of Assessee
- Citation Number : TS-695-HC-2024(DEL)
- Tax Payer : Fresh Pet Private Limited
High Court
HC: Delhi HC Full Bench overturns Nokia Solutions; PE an independent taxable entity, global income irrelevant
Sep 19, 2024
- In Favour of Revenue
- Citation Number : TS-693-HC-2024(DEL)
- Tax Payer : Hyatt International Southwest Asia Ltd
High Court
HC: Assessee eligible for TDS credit as per 26AS, concerned income not exigible to tax in India
Sep 19, 2024
- In Favour of Assessee
- Citation Number : TS-692-HC-2024(DEL)
- Tax Payer : Munchener Ruckversicherungs Gesellshaft Aktiengesellschaft In Munchen
Supreme Court
SC: Dismisses assessee's SLP; Monies received for relinquishing trusteeship taxable, not being capital receipt
Sep 18, 2024
- In Favour of Assessee
- Citation Number : TS-691-SC-2024
- Tax Payer : Jose Thomas Etc
Supreme Court
SC: Dismisses Revenue SLP in interest capitalisation issue, on grounds of inordinate delay
Sep 18, 2024
- In Favour of Assessee
- Citation Number : TS-690-SC-2024
- Tax Payer : Triumph Realty Pvt. Ltd
High Court
HC: Guidelines for Compounding Offences 2014 applicable to the compounding applications filed in 2018
Sep 18, 2024
- In Favour of Assessee
- Citation Number : TS-689-HC-2024(DEL)
- Tax Payer : Global Visa Services Pvt. Ltd. & Anr
Income tax Appellate Tribunal
ITAT: Specific grounds raised dismissed as ‘general in nature’, mistake apparent on record; Recalls ITAT order
Sep 18, 2024
- In Favour of Assessee
- Citation Number : TS-688-ITAT-2024(Ahd)
- Tax Payer : Indian Chronicle Ltd.
Supreme Court
SC: Revenue challenges HC judgment on share transaction genuineness, questions " banking channel" observations
Sep 17, 2024
- In Favour of Assessee
- Citation Number : TS-686-SC-2024
- Tax Payer : PNC Infratech Ltd
Supreme Court
SC: Issues notice on secondment issue as Revenue challenges Kar. HC judgment
Sep 17, 2024
- In Favour of Assessee
- Citation Number : TS-685-SC-2024
- Tax Payer : Abbey Business Services (India) P. Ltd
Prohibition of Benami Property Transactions Appellate Tribunal
PBPTAT: Cash with different individual held in fiduciary capacity falls u/Sec.2(9)(A)(ii) of Benami Act
Sep 16, 2024
- In Favour of Revenue
- Citation Number : TS-676-PBPTAT-2024(DEL)
- Tax Payer : Jiten Pujari & Ors
Income tax Appellate Tribunal
ITAT: MAT provisions apply to Assessee undergoing voluntary liquidation sans specific exemption u/Sec.115JB
Sep 16, 2024
- In Favour of Assessee
- Citation Number : TS-684-ITAT-2024(Kol)
- Tax Payer : Industrial Investment Bank of India Limited
Income tax Appellate Tribunal
ITAT: Quashes revision on prior period depreciation due to re-classification of assets sans pecuniary loss to Revenue
Sep 14, 2024
- In Favour of Assessee
- Citation Number : TS-681-ITAT-2024(Ahd)
- Tax Payer : Sabarmati Gas Ltd
Income tax Appellate Tribunal
ITAT: Rules on issues of disallowance of provision of bad & doubtful debts, prepaid finance charges etc.
Sep 14, 2024
- In Favour of Both, Partially
- Citation Number : TS-669-ITAT-2024(CHNY)
- Tax Payer : Cholamandalam Investment & Finance Company Ltd
Income tax Appellate Tribunal
ITAT: US Broadcasting company's TV Channel distribution revenue, not 'royalty', business income as per MAP
Sep 14, 2024
- In Favour of Assessee
- Citation Number : TS-670-ITAT-2024(DEL)
- Tax Payer : Turner Broadcasting System Asia Pacific Inc