Rulings ( 15452 results )

HC: Directs circulation of its order quashing faceless assessment to Revenue Secretary, everybody within Finance Ministry

  • In Favour of Assessee
  • Citation Number : TS-962-HC-2021(BOM)
  • Tax Payer : Mantra Industries Limited

ITAT: Borrower not liable for TDS on asset valuer's fee paid and later recovered by lending bank

  • In Favour of Assessee
  • Citation Number : TS-955-ITAT-2021(Mum)
  • Tax Payer : Hindustan Organic Chemical Limited

ITAT: Allotment of shares on rights issue does not attract anti-abuse provisions of Sec. 56(2)(vii)

  • In Favour of Assessee
  • Citation Number : TS-950-ITAT-2021(Mum)
  • Tax Payer : Rajeev Ratanlal Tulshyan

ITAT: Assessment made u/s 153A for AY not falling under six years period, not curable mistake u/s 292B

  • In Favour of Assessee
  • Citation Number : TS-956-ITAT-2021(DEL)
  • Tax Payer : Anshu Gupta

ITAT: Existence of PE warrants TDS on project management fee as business profits, not FTS; Holds Juniper Hotels 'assessee-in-default'

  • In Favour of Revenue
  • Citation Number : TS-954-ITAT-2021(Mum)
  • Tax Payer : Juniper Hotels Pvt Ltd

ITAT: Mauritian Shipping Co.'s non-exclusive service provider, not DAPE in India

  • In Favour of Assessee
  • Citation Number : TS-951-ITAT-2021(Mum)
  • Tax Payer : Arc Line

ITAT: Technical knowledge, skill & knowhow not made available, services not taxable as FTS under India-Singapore DTAA

  • In Favour of Assessee
  • Citation Number : TS-948-ITAT-2021(Mum)
  • Tax Payer : Forum Homes Pvt Ltd

HC: Directs disposal of Perfetti's application u/s 264 within 8 weeks over TDS on dividend under MFN Clause in India-Netherlands DTAA

  • In Favour of Assessee
  • Citation Number : TS-960-HC-2021(DEL)
  • Tax Payer : Perfetti Van Melle Holding B V

HC: Accepts ACIT’s explanation over incorrect affidavit, expects PCIT(ReFAC) to be more careful in future

  • In Favour of Assessee
  • Citation Number : TS-961-HC-2021(BOM)
  • Tax Payer : Mateen Pyarali Dholakia

ITAT: ITAT: Departs from co-ordinate bench view on ‘Freebies’ to doctors; Recommends larger bench

  • In Favour of None/NA
  • Citation Number : TS-963-ITAT-2021(Mum)
  • Tax Payer : Macleods Pharmaceuticals Ltd

ITAT: Draft order not appealable before CIT(A), mentioning wrong section by AO does not validate appeal

  • In Favour of Assessee
  • Citation Number : TS-959-ITAT-2021(PUN)
  • Tax Payer : Sandvik Mining and Construction Tools AB

HC: Holds attachment of corporate's property under Benami Act, invalid; Finds proceedings initiated after 10 years highly belated

  • In Favour of Assessee
  • Citation Number : TS-958-HC-2021(RAJ)
  • Tax Payer : Kalyan Buildmart Pvt. Ltd

ITAT: Revision u/s 263 originates from regular assessment, not reassessment; Holds revisionary order, time-barred

  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2021(Mum)
  • Tax Payer : Royal Western India Turf Club

ITAT: Upholds revisionary proceedings; Assessment order passed without TPO's report despite TP reference

  • In Favour of Revenue
  • Citation Number : TS-953-ITAT-2021(DEL)
  • Tax Payer : JNS Instruments Ltd

ITAT: B. Ramalinga Raju not liable to wealth-tax on sums allegedly siphoned-off, invested in Satyam Computers’ ADRs

  • In Favour of Assessee
  • Citation Number : TS-949-ITAT-2021(HYD)
  • Tax Payer : B.Ramalinga Raju

ITAT: Reprimands Revenue for dragging feet in Tata Communications case; Notifies final hearing dates

  • In Favour of Assessee
  • Citation Number : TS-946-ITAT-2021(Mum)
  • Tax Payer : Tata Communications Limited

ITAT: Activities of Bombay Chamber of Commerce covered under amended Sec. 2(15), eligible for exemption

  • In Favour of Assessee
  • Citation Number : TS-934-ITAT-2021(Mum)
  • Tax Payer : Bombay Chamber o f Commerce & Mackinnon Mackenzie Building

ITAT: Holds J&K Bank not assessee-in-default u/s 201, delay in remitting TDS attributable to RBI

  • In Favour of Assessee
  • Citation Number : TS-931-ITAT-2021(Mum)
  • Tax Payer : The Jammu & Kashmir Bank Ltd

ITAT: Diminution in value of shares held as closing stock not bogus loss, Section 68 inapplicable

  • In Favour of Assessee
  • Citation Number : TS-930-ITAT-2021(Mum)
  • Tax Payer : Hillview Impex Pvt. Ltd

ITAT: ITAT: Cipla's gifts, freebies to medical professionals, allowable expenditure; CBDT Circular No. 5/2012 prospective

  • In Favour of Assessee
  • Citation Number : TS-938-ITAT-2021(Mum)
  • Tax Payer : Cipla Ltd