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Rulings ( 15452 results )

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High Court

HC: Allows Nokia India's writ for passing appeal effect orders involving refund of Rs.120 Cr.

  • In Favour of Assessee
  • Citation Number : TS-1164-HC-2021(DEL)
  • Tax Payer : Nokia India Pvt Ltd
Supreme Court

SC: Liquor licence, gallonage fee & shop rental disallowable u/s 40(a)(iib); Surcharge on sales tax allowable

  • In Favour of Both, Partially
  • Citation Number : TS-01-SC-2022
  • Tax Payer : Kerala State Beverages Manufacturing & Marketing Corporation Ltd
Income tax Appellate Tribunal

ITAT: Interest accrued on ZCCBs deductible expenditure, TDS applicable on redemption

  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2021(Mum)
  • Tax Payer : 63 Moon Technologies Limited
Income tax Appellate Tribunal

ITAT: Restriction on CSR expenditure u/s 37 inapplicable where deduction allowable u/s 80G

  • In Favour of Assessee
  • Citation Number : TS-1157-ITAT-2021(Mum)
  • Tax Payer : Naik Seafoods Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Interest on borrowing related to advance that benefitted Director personally, not allowable

  • In Favour of Revenue
  • Citation Number : TS-1160-ITAT-2021(Bang)
  • Tax Payer : Rukmini Realtors Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows P&G expenditure incurred on distribution of free samples to medical practitioners

  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2021(Mum)
  • Tax Payer : Procter & Gamble Health Limited
Income tax Appellate Tribunal

ITAT: Business development expenses to non-resident entities allowable on principles of commercial expediency

  • In Favour of Assessee
  • Citation Number : TS-1158-ITAT-2021(DEL)
  • Tax Payer : Chadha Power
High Court

HC: Affirms law of prior sanction u/s 151 for reassessment notice issued virtually

  • In Favour of Assessee
  • Citation Number : TS-1156-HC-2021(BOM)
  • Tax Payer : Svitzer Hazira Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remission over disallowance u/s 40(a)(i) inconsequential as profits eligible for deduction u/s 10B

  • In Favour of Assessee
  • Citation Number : TS-1159-ITAT-2021(LKW)
  • Tax Payer : Ajay Arora
High Court

HC: Revenue cannot raise new claim after approval of resolution plan, quashes reassessment notice

  • In Favour of Assessee
  • Citation Number : TS-1155-HC-2021(BOM)
  • Tax Payer : Murli Industries Limited
District Court

DC: Delayed remittance of TDS punishable u/s 276B; Rejects plea of mens rea, financial constraints

  • In Favour of Both, Partially
  • Citation Number : TS-1154-DC-2021(Bang)
  • Tax Payer : Panacea Hospital Pvt Ltd
Income tax Appellate Tribunal

ITAT: Compensation to slum dwellers under ​consensus-based ​Court order not ​contingent liability​, allowable expenditure

  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2021(Mum)
  • Tax Payer : Salient Traders Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Performance bonus at 25% of net investment banking fee paid by IDFC Capital squarely covered u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-1152-ITAT-2021(Mum)
  • Tax Payer : IDFC Capital Ltd
Income tax Appellate Tribunal

ITAT: Engineering designs sent from UAE to ONGC against sum remitted directly to UAE, not covered u/s 44BB

  • In Favour of Assessee
  • Citation Number : TS-1151-ITAT-2021(DDN)
  • Tax Payer : Petronash FZE
Income tax Appellate Tribunal

ITAT: Grants time to furnish evidence to establish relief u/s 40(a)(ia) as delay attributable to public holidays

  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2021(DDN)
  • Tax Payer : Ajay Kumar Singh
Income tax Appellate Tribunal

ITAT: Allows Bank of India's excess contribution to superannuation fund as admissible operative expenditure u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-1147-ITAT-2021(Mum)
  • Tax Payer : Bank of India
Income tax Appellate Tribunal

ITAT: Loans squared-off by adjustment entries is administrative convenience, reasonable cause against penalty provisions

  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2021(Mum)
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Deletes addition relying on CBDT Instruction No. 1916, permits presumption for 500 grams of jewellery for married woman

  • In Favour of Assessee
  • Citation Number : TS-1144-ITAT-2021(DEL)
  • Tax Payer : Suresh Bansal
Income tax Appellate Tribunal

ITAT: Conversion of advances receivable from sister concern to debentures, not diversion of funds

  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2021(DEL)
  • Tax Payer : G.S. Pharmbutor P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds revision against assessment order over taxability of share-premium u/s 56(2)(viib) unsubstantiated by valuation report

  • In Favour of Revenue
  • Citation Number : TS-1146-ITAT-2021(Bang)
  • Tax Payer : Medicon Leather Pvt. Ltd