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Rulings ( 15452 results )
Income tax Appellate Tribunal
ITAT: Rules on taxability of various activities undertaken by POSCO Engineering
- In Favour of Assessee
- Citation Number : TS-913-ITAT-2021(DEL)
- Tax Payer : Posco Engineering and Construction Company
Income tax Appellate Tribunal
ITAT: Business Income of NetApp from sale of equipment not taxable sans PE in India under India-Netherlands DTAA
- In Favour of Assessee
- Citation Number : TS-939-ITAT-2021(DEL)
- Tax Payer : Net App B.V.
High Court
HC: Allows Ananta Landmark's writ against reassessment proceedings; Holds reasons to believe insufficient
- In Favour of Assessee
- Citation Number : TS-942-HC-2021(BOM)
- Tax Payer : Ananta Landmark Pvt. Ltd
High Court
HC: Faceless assessment order passed in non-compliance with Sec. 144B, non est
- In Favour of Assessee
- Citation Number : TS-943-HC-2021(BOM)
- Tax Payer : Trendsutra Client Services Pvt. Ltd
High Court
HC: HC: Allows Assessee's writ against order u/s 264 over applicability of lower DDT rate under India-Mauritius DTAA
- In Favour of Assessee
- Citation Number : TS-945-HC-2021(DEL)
- Tax Payer : Xchanging Technology Services India Private Limited
Income tax Appellate Tribunal
ITAT: Holds foreign taxes not allowable deduction u/s 37(1); Rules on comparables selection in SWD, ITeS
- In Favour of Revenue
- Citation Number : TS-941-ITAT-2021(HYD)
- Tax Payer : Infor (India) Private Limited
Foreign Court
FC: Polish Provincial Administrative Court prefers Polish over English for treaty interpretation despite contrary clause in Poland-Sweden DTAA
- In Favour of Assessee
- Citation Number : TS-944-FC-2021(POL)
- Tax Payer : Spółka Akcyjna
Supreme Court
SC: Rules on period of limitation for revisionary order u/s 263; Allows Revenue’s appeal
- In Favour of Revenue
- Citation Number : TS-940-SC-2021
- Tax Payer : Mohammed Meeran Shahul Hameed
Income tax Appellate Tribunal
ITAT: Management Fee paid by Lloyd’s not taxable as FTS under India-UK DTAA; Applies MOU under India-USA DTAA
- In Favour of Assessee
- Citation Number : TS-937-ITAT-2021(Mum)
- Tax Payer : Lloyd’s Register Asia (India Branch Office)
Income tax Appellate Tribunal
ITAT: Quashes revision against Suzlon’s claim of depreciation on goodwill; Holds assessment on non-existent entity invalid
- In Favour of Assessee
- Citation Number : TS-935-ITAT-2021(Ahd)
- Tax Payer : Suzlon Global Services Limited
High Court
HC: No distinction between listed, unlisted shares w.r.t. holding period for classification as long-term capital asset
- In Favour of Assessee
- Citation Number : TS-936-HC-2021(MAD)
- Tax Payer : Exim Rajathi India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Rules on ‘make available’ clause w.r.t. Management Support Services for Singapore-based InterContinental Hotels Group Co.
- In Favour of Assessee
- Citation Number : TS-933-ITAT-2021(DEL)
- Tax Payer : Inter Continental Hotels Group (Asia Pacific) Pte. Ltd.
Income tax Appellate Tribunal
ITAT: Absent Assessee's cross-objection/appeal, Revenue's position cannot be worsened by allowing petition u/r 27
- In Favour of Both, Partially
- Citation Number : TS-929-ITAT-2021(Mum)
- Tax Payer : Life Insurance Corporation of India Limited
Income tax Appellate Tribunal
ITAT: ITAT: Regards corporate-guarantee as international-transaction; Follows non-jurisdictional HC decision over assessee’s own case
- In Favour of Both, Partially
- Citation Number : TS-928-ITAT-2021(Mum)
- Tax Payer : Siro Clinpharm Pvt Ltd
High Court
HC: Analyses DRP's powers on income-enhancement not proposed in draft-order; Dismisses assessee's writ
- In Favour of Both, Partially
- Citation Number : TS-927-HC-2021(MAD)
- Tax Payer : Delphi-TVS Diesel Systems Limited
Income tax Appellate Tribunal
ITAT: Rules on Trust's eligibility for exemption u/s 11, interplay of Sec.12A, 10(23C)(iv)
- In Favour of Assessee
- Citation Number : TS-922-ITAT-2021(DEL)
- Tax Payer : Association of State Road Transport Undertakings
Income tax Appellate Tribunal
ITAT: Denies benefit of principle of consistency, directs Assessee to produce evidence w.r.t. specific direction for corpus donations
- In Favour of Assessee
- Citation Number : TS-917-ITAT-2021(DEL)
- Tax Payer : Indian Society for Technical Education
Income tax Appellate Tribunal
ITAT: Property acquired in shareholder's name for commercial expediency not taxable u/s 2(22)(e)
- In Favour of Assessee
- Citation Number : TS-924-ITAT-2021(Kol)
- Tax Payer : Manoj Pati
Income tax Appellate Tribunal
ITAT: Holds maturity proceeds of fixed deposit as capital receipt not taxable for Trust
- In Favour of Assessee
- Citation Number : TS-919-ITAT-2021(Bang)
- Tax Payer : Agricultural Produce Marketing Committee
Income tax Appellate Tribunal
ITAT: Allows ESOP expenditure u/s 37(1) to Network 18; Follows Biocon ruling
- In Favour of Assessee
- Citation Number : TS-918-ITAT-2021(Mum)
- Tax Payer : Network 18 Media & Investment Ltd