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Rulings ( 15452 results )

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High Court

HC: SLP not proceeding under Act; Holds continued retention of title deed pursuant to search unjustified

  • In Favour of Assessee
  • Citation Number : TS-231-HC-2022(KER)
  • Tax Payer : Udaya Sounds
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's batch of 280 MA​s as attempt for review in garb of rectification

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2022(Mum)
  • Tax Payer : GE Capital Services India and Others
High Court

HC: Accepts FAO’s apology for passing order in reassessment proceedings contrary to Court's order

  • In Favour of Assessee
  • Citation Number : TS-230-HC-2022(BOM)
  • Tax Payer : Bharat Capital And Holdings Limited
Income tax Appellate Tribunal

ITAT: Upholds preference shares' valuation based on dividend discount model for Sec.56(2)(viib)

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2022(Mum)
  • Tax Payer : Kilitch Healthcare India Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of penalty under BMA on non-disclosure of foreign bank account, in original return, held in fiduciary capacity

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2022(Mum)
  • Tax Payer : Leena Gandhi Tiwari
High Court

HC: Mere mention of 'misreporting' for denying immunity from penalty, manifestly arbitrary; Notice without 'specific limb', unreasonable

  • In Favour of Assessee
  • Citation Number : TS-226-HC-2022(DEL)
  • Tax Payer : Schneider Electric South East Asia (Hq) Pte Ltd
High Court

HC: Quashes reassessment notices & holds Explanations to TOLA Notifications, ultra vires; Revenue may initiate reassessment under new regime

  • In Favour of Assessee
  • Citation Number : TS-225-HC-2022(BOM)
  • Tax Payer : Tata Communications Transformation Services Limited
Income tax Appellate Tribunal

ITAT: ITAT: Subscriber fees received by Salesforce.com from web-based CRM services, not taxable as royalty

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2022(DEL)
  • Tax Payer : Salesforce.com Singapore Pte
High Court

HC: Quashes reassessment proceeding against Vodafone Luxembourg due to Revenue's contradictory stand

  • In Favour of Assessee
  • Citation Number : TS-219-HC-2022(DEL)
  • Tax Payer : Vodafone Luxembourg 5 S A R L
Supreme Court

SC: Immunity under IDS not extendable to non-declarant, upholds reassessment proceeding

  • In Favour of Revenue
  • Citation Number : TS-221-SC-2022
  • Tax Payer : M. R. Shah Logistics Pvt. Ltd
Supreme Court

SC: HC duty bound to pass reasoned order in petitions against reopening of assessment; Directs for fresh decision

  • In Favour of Assessee
  • Citation Number : TS-220-SC-2022
  • Tax Payer : Vishal Ashwin Patel
Income tax Appellate Tribunal

ITAT: Collection charges received by Lufthansa from AAI not exempt under Article 8, taxable as business income

  • In Favour of Revenue
  • Citation Number : TS-218-ITAT-2022(DEL)
  • Tax Payer : Lufthansa German Airlines
Income tax Appellate Tribunal

ITAT: Co-op Society discharging onus under Sec.68 not liable for addition on contravention of RBI's Demonetisation Notifications

  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2022(Bang)
  • Tax Payer : Bhageeratha Pattina Sahakara Sangha Niyamitha
Income tax Appellate Tribunal

ITAT: Upholds Sec.201 proceedings against Biocon for TDS default on year-end provisions, despite suo motu disallowance under Sec.40(a)(i)/(ia)

  • In Favour of Both, Partially
  • Citation Number : TS-216-ITAT-2022(Bang)
  • Tax Payer : BIOCON LTD
Income tax Appellate Tribunal

ITAT: Reiterates legal position on 16 years period for reopening of assessment; Follows Dilip Thakkar ruling

  • In Favour of Revenue
  • Citation Number : TS-213-ITAT-2022(Mum)
  • Tax Payer : Mitali R. Lakhanpal
Income tax Appellate Tribunal

ITAT: Form 67 filing directory, not mandatory, remands matter to ascertain allowability of FTC

  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2022(Bang)
  • Tax Payer : 42 Hertz Software India Pvt. Ltd.,
Income tax Appellate Tribunal

ITAT: Addition based on information received from Mauritius subsequent to search not tenable in non-abated assessment

  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2022(Mum)
  • Tax Payer : Luxora Infrastructure
Income tax Appellate Tribunal

ITAT: Sec.23(5) inapplicable prior to AY 2018-19, hypothetical rent from unsold stock not taxable as business income

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2022(PUN)
  • Tax Payer : KD Construction unit I
Income tax Appellate Tribunal

ITAT: Interest under Sec. 24 not deductible sans proof of completion of construction & readiness to let out

  • In Favour of Revenue
  • Citation Number : TS-193-ITAT-2022(Bang)
  • Tax Payer : Netra Software Technologies P Ltd
Income tax Appellate Tribunal

ITAT: Lull in production no reason to disallow depreciation since assets put to use

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2022(DEL)
  • Tax Payer : The Fertilizer Corporation of India Ltd