Filters

Keyword Search Authority Location Search by Name In Favour of Industry Date of Pronouncement Case Type Citation Number
close

Rulings ( 15452 results )

Filters
Supreme Court

SC: Substantive right to opt out under Sec.10B(8) warrants strict & timely compliance

  • In Favour of Revenue
  • Citation Number : TS-544-SC-2022
  • Tax Payer : Wipro Limited
High Court

HC: HC: Remands rejected settlement application to Interim Board; Finds bias as ITSC member earlier supervised investigation on Assessee

  • In Favour of Assessee
  • Citation Number : TS-543-HC-2022(MAD)
  • Tax Payer : K.S. Thirumalaivasan
Income tax Appellate Tribunal

ITAT: Quashes assessment framed by Addl.CIT/ JCIT but initiated by ACIT, in absence of orders under Sec.120(4)(b) & 127

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2022(Mum)
  • Tax Payer : Vertiv Energy Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: 'Constitutional Validity' exception to tax-effect Circular not applicable since appeal decided by CIT(A) on merits

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2022(CHNY)
  • Tax Payer : Madurai District Central Cooperative Bank Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal in limine as Assessee was subjected to insolvency proceedings

  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2022(Mum)
  • Tax Payer : Mahavir Roads & Infrastructure Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sale of carbon credit, capital receipt where not linked to business but to environmental concern

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2022(Mum)
  • Tax Payer : Essel Mining & Industries Limited
Income tax Appellate Tribunal

ITAT: Deletes penalty where Assessee under bona fide belief that journal adjustments permissible under Sec.269SS & 269T

  • In Favour of Assessee
  • Citation Number : TS-532-ITAT-2022(Mum)
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: SFIS credit not taxable as utilized against purchase of capital goods & for setting off excise / customs duty

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2022(DEL)
  • Tax Payer : Container Corporation of India Ltd
Income tax Appellate Tribunal

ITAT: Imperative for Revenue to ascertain profits alleged as derived from arrangement for denying Sec.10AA deduction

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2022(DEL)
  • Tax Payer : Cognizant Technology Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Foreign rental income declared in returns filed in respective countries, not includible in Indian income

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2022(DEL)
  • Tax Payer : Natasha Chopra
High Court

HC: HC: Compensation to end litigation, obtain peaceful & vacant property, not capital expenditure

  • In Favour of Revenue
  • Citation Number : TS-536-HC-2022(DEL)
  • Tax Payer : ELEL Hotels And Investments Ltd
Income tax Appellate Tribunal

ITAT: Denies Sec.10(23C)(iiiab) exemption where University not ‘substantially funded’ by Govt.

  • In Favour of Revenue
  • Citation Number : TS-541-ITAT-2022(PUN)
  • Tax Payer : The Punyashlok Ahilyadevi Holkar Solapur University Solapur
Income tax Appellate Tribunal

ITAT: Agent's method of accounting reflecting increased turnover irrelevant for penalising failure to audit books

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2022(Mum)
  • Tax Payer : Sudhir Mahamunkar
High Court

HC: BMRCL not liable under Sec.194J where dominant purpose of transaction was supply of passenger rail

  • In Favour of Assessee
  • Citation Number : TS-537-HC-2022(KAR)
  • Tax Payer : Bangalore Metro Rail Corporation Limited
Income tax Appellate Tribunal

ITAT: Allows reinvested dividend as cost of acquisition of debentures, issued against such dividend under Court approved scheme

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2022(Mum)
  • Tax Payer : JP Morgan Funds
High Court

HC: Compounding of offences, not absolute right; Non-filing of return while staying abroad, no ground to quash prosecution

  • In Favour of Revenue
  • Citation Number : TS-534-HC-2022(MAD)
  • Tax Payer : Anjuga Selvi Alagiri
Income tax Appellate Tribunal

ITAT: ITAT: Difference in closing & opening stock irrelevant where forex profit offered to tax basis Rule 115

  • In Favour of Assessee
  • Citation Number : TS-529-ITAT-2022(Mum)
  • Tax Payer : Anurag Chandra
High Court

HC: Upholds Third Member’s view that ‘payment’ in Sec.40A(3) limited to cash / monetary payments

  • In Favour of Assessee
  • Citation Number : TS-528-HC-2022(CAL)
  • Tax Payer : Bhartiya Hotels Ltd
Income tax Appellate Tribunal

ITAT: FA 2022 amendment to Sec.14A for disallowance of expenditure in absence of exempt income, clarificatory in nature, applicable retrospectively

  • In Favour of Revenue
  • Citation Number : TS-527-ITAT-2022(GAU)
  • Tax Payer : Williamson Financial Services Ltd
High Court

HC: Non-obstante provision of Sec.153A allows assessment of total income, not limited to incriminating material alone

  • In Favour of Revenue
  • Citation Number : TS-526-HC-2022(ALL)
  • Tax Payer : Shri Mehndipur Balaji