Rulings ( 15452 results )

ITAT: Deletes addition of Rs.113 Cr. on Jaypee Capital u/s 56(2)(viia), CIT(A)'s detailed order not controverted

  • In Favour of Assessee
  • Citation Number : TS-923-ITAT-2021(DEL)
  • Tax Payer : Jaypee Capital Services Ltd

HC: Dismisses writ against notice u/s 148 issued pursuant to DDIT (Inv) report, AO's subjective satisfaction

  • In Favour of Revenue
  • Citation Number : TS-921-HC-2021(GUJ)
  • Tax Payer : Zaveri And Company Private Limited

HC: Allows VsV application as delay in filing appeal condoned by ITAT

  • In Favour of Assessee
  • Citation Number : TS-905-HC-2021(GUJ)
  • Tax Payer : Maheshbhai Shantilal Patel

HC: Appellate powers u/s 260A meant for debatable, unsettled issues; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-909-HC-2021(DEL)
  • Tax Payer : Bhadani Financiers Pvt. Ltd

ITAT: ITAT: Software license-fee not taxable as Royalty, sans PE not taxable as business profits

  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2021(PUN)
  • Tax Payer : Husco International Inc.

HC: Absent savings clause on old reassessment regime, holds notices u/s 148 invalid; Breaks from Chhattisgarh HC view

  • In Favour of Assessee
  • Citation Number : TS-926-HC-2021(ALL)
  • Tax Payer : Ashok Kumar Agarwal

HC: Disallows Sec.10B deduction to tea blending company; Remarks, CBDT needs to reconsider low tax-effect Circular

  • In Favour of Revenue
  • Citation Number : TS-925-HC-2021(CAL)
  • Tax Payer : V.N. Enterprises Limited

FC: Korean SC holds person not bound by law or contract to retransfer income is 'Beneficial Owner'

  • In Favour of Assessee
  • Citation Number : TS-790-FC-2018(KOR)
  • Tax Payer : Corning Inc

ITAT: Upholds applicability of DRP-route to AY 2010-11; Quashes order for want of JCIT's jurisdiction

  • In Favour of Both, Partially
  • Citation Number : TS-916-ITAT-2021(DEL)
  • Tax Payer : Jindal Steel & Power Ltd

HC: Directs Interim Board of Settlement to accept Assessee’s application without objecting on delay

  • In Favour of Assessee
  • Citation Number : TS-914-HC-2021(KER)
  • Tax Payer : NEW HOPE FOUNDATION

HC: Sets aside reassessment notices, Revenue accepts their unsustainability due to Taxation Laws (Amendment) Act, 2021

  • In Favour of Assessee
  • Citation Number : TS-911-HC-2021(KAR)
  • Tax Payer : Darshan Pathak

ITAT: Prevailing law relevant for determining TDS liability, not future retrospective amendment

  • In Favour of Assessee
  • Citation Number : TS-910-ITAT-2021(CHNY)
  • Tax Payer : TVS Electronics Limited

ITAT: Entities working for several shipping companies independently, not exclusively for Assessee, not Agency PE

  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2021(Mum)
  • Tax Payer : Integrated Container Feeder Service

ITAT: Tax effective, legally permissible alternative, not colourable device; Allows LTCL on share-sale

  • In Favour of Assessee
  • Citation Number : TS-906-ITAT-2021(Ahd)
  • Tax Payer : Venus Infrastructure & Developers (P) Ltd

HC: HC: Discards inter-se agreement on apportionment of companies' tax liability; Holds Director liable u/s 179

  • In Favour of Revenue
  • Citation Number : TS-904-HC-2021(DEL)
  • Tax Payer : RAJEEV BEHL

ITAT: Upholds capitalisation of pre-commencement expenditure as per accepted accounting principles

  • In Favour of Assessee
  • Citation Number : TS-903-ITAT-2021(Bang)
  • Tax Payer : Waterline Hotels Pvt. Ltd

ITAT: Loan waiver not adjustable against WDV in subsequent AY, deletes depreciation disallowance

  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2021(PUN)
  • Tax Payer : Shapers India Private Limited

SC: Considering “near normal” situation, reverts to earlier order on limitation w.e.f. October 3

  • In Favour of None/NA
  • Citation Number : TS-901-SC-2021
  • Tax Payer : In Re Cognizance For Extension Of Limitation

HC: Holds assessment not compliant with Faceless Assessment Scheme, non est

  • In Favour of Assessee
  • Citation Number : TS-899-HC-2021(BOM)
  • Tax Payer : Chander Arjandas Manwani

HC: Holds appeal filed with condonation application 'pending' as per FAQ 59 of VsV Circular

  • In Favour of Assessee
  • Citation Number : TS-900-HC-2021(BOM)
  • Tax Payer : Stride Multitrade Pvt. Ltd