Filters

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

Rulings ( 15452 results )

Filters
High Court

HC: HC: Holds ‘referral fee’ not allowable for multi-speciality hospital while quashing reassessment notices; Follows Apex Labs ruling

  • In Favour of Both, Partially
  • Citation Number : TS-292-HC-2022(CAL)
  • Tax Payer : Peerless Hospitex Hospital and Research Center Limited
High Court

HC: Holds 2016 amendments in 'benami transaction' definition as 'qualitative', thus, prospective; Quashes provisional attachment

  • In Favour of Assessee
  • Citation Number : TS-291-HC-2022(TEL)
  • Tax Payer : Nexus Feeds Limited & Others
Income tax Appellate Tribunal

ITAT: Holds Deloitte's subscription fees received from member firms as exempt since governed by principles of mutuality

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2022(DEL)
  • Tax Payer : Deloitte Touche Tohmastu
High Court

HC: Revenue's inaction on immunity application cannot prejudice Assessee since prerequisites satisfied; Quashes penalty, grants immunity

  • In Favour of Assessee
  • Citation Number : TS-289-HC-2022(DEL)
  • Tax Payer : Nirman Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.56(2)(viib) addition resulting from rounding-off of shares' issue price

  • In Favour of Revenue
  • Citation Number : TS-281-ITAT-2022(Mum)
  • Tax Payer : Royal Accord Realtors Pvt. Ltd.
High Court

HC: Reassessment notice received on Apr 1, 2021 legally valid since digitally signed & electronically issued on Mar 31, 2021

  • In Favour of Revenue
  • Citation Number : TS-288-HC-2022(MAD)
  • Tax Payer : Malavika Enterprises
Income tax Appellate Tribunal

ITAT: Allows rectification of Sec.80-IA claim over adjustment of brought forward unabsorbed depreciation

  • In Favour of Revenue
  • Citation Number : TS-285-ITAT-2022(Ahd)
  • Tax Payer : Atul Ltd
Income tax Appellate Tribunal

ITAT: Floor demolished prior to transfer of property not relevant for computing Capital Gains

  • In Favour of Revenue
  • Citation Number : TS-279-ITAT-2022(VIZ)
  • Tax Payer : Vishal Varma Siruvuri
Income tax Appellate Tribunal

ITAT: Private Discretionary Trust taxable as AOP, not Individual, basis definition of Person under Sec.2(31)

  • In Favour of Revenue
  • Citation Number : TS-284-ITAT-2022(Mum)
  • Tax Payer : Mamania Family Trust
Income tax Appellate Tribunal

ITAT: Yatra Online’s deposits with airlines rendered irrecoverable due to bankruptcy, allowable as business loss

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2022(Mum)
  • Tax Payer : Yatra Online Private Limited
Income tax Appellate Tribunal

ITAT: Upholds taxability as capital gains in partner's hands where JDA for property not part of firm’s business

  • In Favour of Revenue
  • Citation Number : TS-286-ITAT-2022(Bang)
  • Tax Payer : Muppala Bhasker Reddy
High Court

HC: Upholds disallowance of bonus paid to directors in lieu of dividend; Reiterates settled legal position

  • In Favour of Revenue
  • Citation Number : TS-276-HC-2022(DEL)
  • Tax Payer : SRC Aviation P. Ltd
Supreme Court

SC: Wipro Finance’s loss on forex loan repayment taken for business expansion allowable under Sec.37(1); Rejects Sec.43A plea

  • In Favour of Assessee
  • Citation Number : TS-283-SC-2022
  • Tax Payer : Wipro Finance Ltd
Income tax Appellate Tribunal

ITAT: Bangalore Metro liable for TDS on Rs.1225 Cr. since service charge embedded in sum paid for land acquisition

  • In Favour of Revenue
  • Citation Number : TS-273-ITAT-2022(Bang)
  • Tax Payer : Bangalore Metro Rail Corporation Limited
High Court

HC: Directs CIT(A) to decide Cognizant's stay application against Rs.4,853 Cr. demand in buyback tax case within 4 weeks

  • In Favour of None/NA
  • Citation Number : TS-277-HC-2022(MAD)
  • Tax Payer : Cognizant Technology Solutions India Private Limited
High Court

HC: Sum withdrawn by buyer from Escrow A/c under SPA, reducible for Cap Gains computation; Expounds on scope of Sec.264

  • In Favour of Assessee
  • Citation Number : TS-274-HC-2022(BOM)
  • Tax Payer : Dinesh Vazirani
Income tax Appellate Tribunal

ITAT: Sub-contracting charges paid by Infosys to Chinese subsidiary taxable as FTS, under amended Sec.9 & India-China DTAA

  • In Favour of Both, Partially
  • Citation Number : TS-272-ITAT-2022(Bang)
  • Tax Payer : Infosys Limited
Income tax Appellate Tribunal

ITAT: Rejects taxability of alleged cash pay-outs in former-Karnataka CM's case, basis uncorroborated entries

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2022(Bang)
  • Tax Payer : B.S. Yediyurappa
High Court

HC: Madras HC dismisses Revenue's writ appeal on limitation period for TPO's order

  • In Favour of Assessee
  • Citation Number : TS-271-HC-2022(MAD)
  • Tax Payer : Pfizer healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Holds Forex Derivative transactions as non-speculative since incidental to business, eligible for set-off ​​against business income

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2022(Bang)
  • Tax Payer : Bharat Mines and Minerals