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Rulings ( 15452 results )
High Court
HC: Upholds property auction, rejects plea of material irregularity since Assessee put to notice & information made public
- In Favour of Revenue
- Citation Number : TS-379-HC-2022(MAD)
- Tax Payer : IGGI Resorts International Limited
Income tax Appellate Tribunal
ITAT: Revenue to decide if ‘beneficial ownership’ inbuilt in Art.13 of India-Mauritius DTAA; Vacates presumptuous assessment
- In Favour of Assessee
- Citation Number : TS-381-ITAT-2022(Mum)
- Tax Payer : Blackstone FP Capital Partners Mauritius V Limited
Income tax Appellate Tribunal
ITAT: Remits issue of taxability of receipts from Grand Prix for examination of F1 Drivers' stay & activities in India
- In Favour of None/NA
- Citation Number : TS-378-ITAT-2022(DEL)
- Tax Payer : GSA Gestions Sportives Automobiles SA
Income tax Appellate Tribunal
ITAT: Characterisation of payment for digital goods/services, contentious issue; Directs adjudication as per SC ruling in Engineering Analysis
- In Favour of Both, Partially
- Citation Number : TS-376-ITAT-2022(Bang)
- Tax Payer : Lemnisk Pvt. Ltd
High Court
HC: Disposes of over 700 petitions challenging reassessment notices, following SC judgment; Reserves liberty to contest other issues
- In Favour of Both, Partially
- Citation Number : TS-375-HC-2022(GUJ)
- Tax Payer : D G Patel Construction Pvt. Ltd. & Others
High Court
HC: Sets aside assessment order passed on non-existent amalgamated companies of Cognizant Group; Remits issue
- In Favour of Assessee
- Citation Number : TS-373-HC-2022(MAD)
- Tax Payer : Cognizant Technology Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Management fee prior to project-completion in SEZ, not revenue expenditure; Denies plea of consistency
- In Favour of Assessee
- Citation Number : TS-370-ITAT-2022(PUN)
- Tax Payer : Ascendas IT Park (Pune) Private Limited
Income tax Appellate Tribunal
ITAT: Holds interest on loan availed for strategic investment in US-subsidiary, revenue in nature
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2022(PUN)
- Tax Payer : Bitwise Solutions Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Adjustment under Sec.143(1) without intimation, legally invalid; Finds NFAC's functioning mechanical
- In Favour of Assessee
- Citation Number : TS-355-ITAT-2022(Ahd)
- Tax Payer : Arham Pumps
High Court
HC: Expenses incidental to imparting training not deterrent to Sec.10(23C) exemption
- In Favour of Assessee
- Citation Number : TS-367-HC-2022(ORI)
- Tax Payer : Orissa Trust of Technical Education and Training
Income tax Appellate Tribunal
ITAT: Upholds revision where Sec.80-IA claim allowed contrary to requirement of Sec.80(5); Rejects challenge to jurisdiction-transfer
- In Favour of Revenue
- Citation Number : TS-365-ITAT-2022(PUN)
- Tax Payer : Mahavir Civil Engineering
Income tax Appellate Tribunal
ITAT: Income from Carbon Credits, capital receipt; Gain from interest/currency swap agreement taxable on loan-settlement
- In Favour of Assessee
- Citation Number : TS-362-ITAT-2022(Mum)
- Tax Payer : Ascent Hydro Projects Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Arbitration award received by partner without specific mention of retirement, not taxable under Sec.28(iv)
- In Favour of Assessee
- Citation Number : TS-353-ITAT-2022(Mum)
- Tax Payer : Ramona Pinto
Income tax Appellate Tribunal
ITAT: Holds CAM charges contractual payments, Lifestyle International liable for TDS under Sec.194C, not Sec.194-I
- In Favour of Assessee
- Citation Number : TS-352-ITAT-2022(Bang)
- Tax Payer : Lifestyle International Pvt. Ltd
High Court
HC: Sets aside Sec.148A(d) order & directs Revenue to apply mind on Assessee's reply
- In Favour of Assessee
- Citation Number : TS-372-HC-2022(GAUH)
- Tax Payer : Abhinav Mittal
High Court
HC: Quashes reassessment proceedings against Indus Towers since initiated by non-jurisdictional AO
- In Favour of Assessee
- Citation Number : TS-371-HC-2022(DEL)
- Tax Payer : Indus Towers Ltd
Income tax Appellate Tribunal
ITAT: Directs detailed probe into deposit in Assessee's allegedly fraudulent bank account
- In Favour of Assessee
- Citation Number : TS-368-ITAT-2022(Mum)
- Tax Payer : Nayan Arvind Lalan
High Court
HC: Rules on inter-play of amendments to Sec. 43(5) & 73; Holds set off of derivative loss against other business income, allowable
- In Favour of Assessee
- Citation Number : TS-361-HC-2022(BOM)
- Tax Payer : Souvenir Developers (I) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ITAT: ESPN India not liable for TDS on payment under reseller agreement for ad space on ESPN UK's website
- In Favour of Assessee
- Citation Number : TS-360-ITAT-2022(CHNY)
- Tax Payer : ESPN Digital Media (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rejects treaty benefit on freight not ‘remitted to’ or ‘received in’ Singapore as per Art.8 & 24 of DTAA
- In Favour of Revenue
- Citation Number : TS-359-ITAT-2022(HYD)
- Tax Payer : PACC Container Line Pvt. Ltd