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Rulings ( 15415 results )

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High Court

HC: Quashes reassessment notices & order passed contrary to notified mandatory faceless procedure u/Sec.151A

  • In Favour of Assessee
  • Citation Number : TS-576-HC-2024(BOM)
  • Tax Payer : Kairos Properties Private Limited
High Court

HC: Upholds ITAT’s dismissal of Revenue’s appeal on ground of lower tax effect, case out of exception

  • In Favour of Assessee
  • Citation Number : TS-574-HC-2024(GUJ)
  • Tax Payer : N K Industries Ltd
High Court

HC: Consideration received not taxable as 'profits in lieu of salary' but capital gains, not employment related

  • In Favour of Assessee
  • Citation Number : TS-572-HC-2024(DEL)
  • Tax Payer : Akash Poddar
High Court

HC: Quashes reassessment basis Assessee’s failure to electronically submit Form10 within limitation, mere procedure

  • In Favour of Assessee
  • Citation Number : TS-571-HC-2024(DEL)
  • Tax Payer : The Associated Chambers Of Commerce And Industry Of India
Income tax Appellate Tribunal

ITAT: DDT by domestic entity on dividend to foreign company not entitled to DTAA benefit

  • In Favour of Revenue
  • Citation Number : TS-569-ITAT-2024(PUN)
  • Tax Payer : Piaggio Vehicles Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Commission received for marketing and sales services not FTS u/Sec.9(1)(vii) or DTAA

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2024(Bang)
  • Tax Payer : Steer America Inc.
High Court

HC: SCN based on incorrect information, new charge cannot be added to salvage reassessment; Quashes reassessment

  • In Favour of Assessee
  • Citation Number : TS-566-HC-2024(DEL)
  • Tax Payer : Banyan Real Estate Fund Mauritius
High Court

HC: Date of satisfaction note relevant for computing block assessment period u/Sec.153C; Search assessment unsustainable

  • In Favour of Assessee
  • Citation Number : TS-564-HC-2024(DEL)
  • Tax Payer : Karina Airlines International Ltd
Income tax Appellate Tribunal

ITAT: Capital gains on transfer of rights not taxable u/sec.9 as situs of capital asset not in India

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2024(DEL)
  • Tax Payer : Nikesh Arora
Income tax Appellate Tribunal

ITAT: Deletes addition towards cash deposits during demonitization period, based on suspicion, conjecture & surmises

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2024(DEL)
  • Tax Payer : Vijay Kumar Jain
Income tax Appellate Tribunal

ITAT: Reassessment notice time barred & below prescribed limit as introduced by Finance Act, 2021

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2024(CHNY)
  • Tax Payer : Hyundai Transys INC
Income tax Appellate Tribunal

ITAT: No prejudice to Revenue if audit report submitted on demand, grants exemption u/Sec.12A

  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2024(DEL)
  • Tax Payer : Ram Chameli Chadha Vishwas Girls College Society
Income tax Appellate Tribunal

ITAT: Disallows bad debts provision as irrecoverable from overseas entity sans statutory approval from RBI

  • In Favour of Revenue
  • Citation Number : TS-559-ITAT-2024(CHNY)
  • Tax Payer : Vaasautomation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reference to DVO for roving enquiries without rejecting Assessee’s books not valid; Deletes addition u/s.69

  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2024(PUN)
  • Tax Payer : Royal Estates
High Court

HC: Sets aside reassessment proceedings over disparity between Sec.148A(d) order & Sec.148A(b) notice; Expln 3 to Sec.147 inapplicable

  • In Favour of Assessee
  • Citation Number : TS-560-HC-2024(DEL)
  • Tax Payer : ATS Infrastructure Limited
Foreign Court

FC: UK Tribunal lays down POEM test criteria for Trusts

  • In Favour of Revenue
  • Citation Number : TS-556-FC-2024(UK)
  • Tax Payer : Geoffrey Richard Haworth, Ian Francis Lenagan, SG Kleinwort Hambros Trust Company (UK) Limited
High Court

HC: Quashes Revenue’s third attempt to re-open assessment, barred by limitation u/Sec. 149(1)(b)

  • In Favour of Assessee
  • Citation Number : TS-558-HC-2024(DEL)
  • Tax Payer : Manju Somani
High Court

HC: Electronically generated information u/s 135A must be verified prior to issuance of notice u/s 148

  • In Favour of Assessee
  • Citation Number : TS-551-HC-2024(BOM)
  • Tax Payer : Benaifer Vispi Patel
Income tax Appellate Tribunal

ITAT: SanDisk India not Western Digital’s DAPE for pre-acquisition period, sans any business connection

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2024(Bang)
  • Tax Payer : Western Digital Technologies Inc.
Income tax Appellate Tribunal

ITAT: Employee contribution for NPS made prior to return, allowable as no due date prescribed

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2024(Ahd)
  • Tax Payer : Adani Petronet (Dahej) Port Pvt. Ltd