Rulings ( 15452 results )

HC: Holds prosecution initiated based on penalty order & mere statement recorded during survey invalid

  • In Favour of Assessee
  • Citation Number : TS-70-HC-2022(MAD)
  • Tax Payer : H. Ameerdeen

ITAT: Remits matter for examining requirement for furnishing two ITRs by entities involved in business reorganisation

  • In Favour of Assessee
  • Citation Number : TS-69-ITAT-2022(Mum)
  • Tax Payer : Achal Housing LLP

ITAT: Holds PAN, operative bank account & TDS compliance sufficient to establish genuineness of sub-contractors

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2022(Ind)
  • Tax Payer : M/s. Agrawal Construction Co.

ITAT: Quashes Bentley Nevada's reassessment; Holds existence of PE is fact-specific issue, to be decided on year-to-year basis

  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2022(DEL)
  • Tax Payer : Bentley Nevada Inc.

ITAT: Sec.43CA not invocable where allotment letters, payments received before Mar'13

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2022(Mum)
  • Tax Payer : Spenta Enterprises

ITAT: Allows depreciation on goodwill acquired in amalgamation, follows Smifs Securities

  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2022(Bang)
  • Tax Payer : M/s. Altimetrik India Pvt. Ltd.

ITAT: ITAT: Viacom 18 not liable for TDS on transponder fee, relies on Neo Sports ruling

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2022(Mum)
  • Tax Payer : Viacom 18 Media Private Limited

ITAT: Exemption u/s 54B allowable, despite not claimed in ITR, as Revenue found transferred land to be within municipal limits

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2022(RAI)
  • Tax Payer : Shri Raja Vikram

FC: High Court of Eastern Denmark reiterates, interposed entities do not qualify as beneficial owners of interest

  • In Favour of Revenue
  • Citation Number : TS-1199-FC-2021(DEN)
  • Tax Payer : Takeda A / S, NTC Parent

HC: Quashes reassessment notice, in Tata Sons' case, alleging income escapement of over Rs.2200 Cr.

  • In Favour of Assessee
  • Citation Number : TS-64-HC-2022(BOM)
  • Tax Payer : Tata Sons Limited

HC: Follows Allahabad & Delhi HCs on reassessment controversy; Allows AOs to initiate proceedings under new regime subject to limitation

  • In Favour of Assessee
  • Citation Number : TS-60-HC-2022(MAD)
  • Tax Payer : Vellore Institute of Technology

ITAT: Holds Revenue's appeal not maintainable where AO's remand report favours Assessee

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2022(Mum)
  • Tax Payer : Liberal Realtors LLP

ITAT: Balance Sheet on valuation date sufficient when subsequently audited without any financial difference

  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2022(CHANDI)
  • Tax Payer : Electra Paper and Board Pvt. Ltd

HC: Observes, truck operators per se not sub-contractors u/s 194C; Restores matter for re-examination of contract

  • In Favour of Assessee
  • Citation Number : TS-1198-HC-2021(KAR)
  • Tax Payer : Sri Shivamurthy

HC: Directs withholding at 8% on Google’s receipts as interim measure in dispute over interplay of EL & Royalty/FTS

  • In Favour of Assessee
  • Citation Number : TS-57-HC-2022(DEL)
  • Tax Payer : Google Asia Pacific Pte Ltd

ITAT: Interest on IT Refund for Foreign Co. taxable under Article 11, not as business profits; Eligible for treaty benefits

  • In Favour of Assessee
  • Citation Number : TS-56-ITAT-2022(DEL)
  • Tax Payer : Transocean Offshore International Ventures Ltd

ITAT: ITAT: Allows Ambuja Cements' appeal against revision order disallowing ESOP expenditure

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2022(Mum)
  • Tax Payer : Ambuja Cements Ltd.

ITAT: Construction cost allowable in year of actual addition to project, where bills raised subsequently

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2022(Mum)
  • Tax Payer : M/s Aricia Construction

ITAT: Sets aside Standard Chartered Bank’s reassessment; Sec.50C invocable only in year of transfer

  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2022(Mum)
  • Tax Payer : Standard Chartered Bank Crescenzo

ITAT: Expenditure for defending promoters in telecom licence case, to protect Assessee’s interests, allowable u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2022(Mum)
  • Tax Payer : M/s. Majestic Infracon Pvt. Ltd.