Rulings ( 15452 results )

ITAT: Royalty paid for use of trademark, revenue expenditure; Export commission not taxable as FTS

  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2021(DEL)
  • Tax Payer : Groz Engineering Tools Pvt. Ltd

ITAT: Technical lapse u/s 194C(7) does not warrant disallowance of transport expense u/s 40(a)(ia)

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2021(Ahd)
  • Tax Payer : Mohmed Shakil Mohmed Shafi Mutawalli

ITAT: Parking terminal for trucks integral part of highway project, eligible for deduction u/s 80-IA

  • In Favour of Assessee
  • Citation Number : TS-877-ITAT-2021(Mum)
  • Tax Payer : Thakur Infra Projects Pvt. Ltd

ITAT: Farmhouse not a non-residential house unless proved, eligible for benefit u/s 54F

  • In Favour of Assessee
  • Citation Number : TS-892-ITAT-2021(DEL)
  • Tax Payer : Rajat Bhandari

ITAT: Purchase agreement entered into in 2009, registered in 2014, not covered by amended provisions of Section 56(2)(vii)(b)

  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2021(JPR)
  • Tax Payer : Naina Saraf

ITAT: Incentive for specific purpose of promotion of products, not taxable u/s 28(iv)

  • In Favour of Assessee
  • Citation Number : TS-888-ITAT-2021(Kol)
  • Tax Payer : Motor Machinery Tools

ITAT: Transfer of development rights in land does not attract Section 50C

  • In Favour of Assessee
  • Citation Number : TS-890-ITAT-2021(PUN)
  • Tax Payer : Vimal Baburao Jadhav

ITAT: ITAT: Restores appeal to examine if International Bar Association has PE in India

  • In Favour of None/NA
  • Citation Number : TS-894-ITAT-2021(DEL)
  • Tax Payer : Amitabh Chaturvedi

FC: Supreme Court of Argentina allows invocation of GAAR despite absence of anti-abuse clause in tax treaty

  • In Favour of Revenue
  • Citation Number : TS-893-FC-2021(ARG)
  • Tax Payer : Molinos Río de la Plata SA

ITAT: Art. 8 of India-UAE DTAA covers income from feeder vessels; Follows Bom HC's Balaji Shipping

  • In Favour of Assessee
  • Citation Number : TS-872-ITAT-2021(Mum)
  • Tax Payer : Avana Global FZCO

HC: Sets aside assessment order passed sans DRP direction; Revenue regards Covid induced limitation extension

  • In Favour of Assessee
  • Citation Number : TS-887-HC-2021(MAD)
  • Tax Payer : Ford India Private Limited

HC: Stays assessment proceedings against Mastercard, follows principle of consistency

  • In Favour of Assessee
  • Citation Number : TS-884-HC-2021(DEL)
  • Tax Payer : MASTERCARD ASIA PACIFIC PTE. LTD.

ITAT: Upholds addition of share application money routed via 6 layers of transactions, complex web of companies

  • In Favour of Revenue
  • Citation Number : TS-883-ITAT-2021(Mum)
  • Tax Payer : Leena Power Tech Engineers Pvt Ltd

HC: Calls upon ACIT to show-cause against perjury proceedings over incorrect affidavit, imposes cost

  • In Favour of Assessee
  • Citation Number : TS-880-HC-2021(BOM)
  • Tax Payer : Mateen Pyarali Dholakia

HC: Disposes of Newslaundry’s petition as Revenue undertakes safe custody of material impounded during survey

  • In Favour of Assessee
  • Citation Number : TS-882-HC-2021(DEL)
  • Tax Payer : Newslaundry Media Pvt. Ltd. & Anr

HC: Emphasises AO's reassessment-powers even in absence of final assessment-order; Stresses on "object" of re-opening

  • In Favour of Revenue
  • Citation Number : TS-881-HC-2021(MAD)
  • Tax Payer : Kone Elevator India Private Limited

ITAT: Accounting in ERP with separate code for each expenditure-head sufficient for claiming deduction u/s 80-IA

  • In Favour of Assessee
  • Citation Number : TS-871-ITAT-2021(DEL)
  • Tax Payer : Hughes Communications India Ltd

ITAT: DRP cannot condone delays in filing objections; Consequent appeal lies before CIT(A), not ITAT

  • In Favour of Revenue
  • Citation Number : TS-879-ITAT-2021(Bang)
  • Tax Payer : Lam Research (India) Pvt.Ltd

SC: Hospital remunerating doctors at par with commercial hospitals ineligible for exemption u/s 10(23C)(via)

  • In Favour of Revenue
  • Citation Number : TS-876-SC-2021
  • Tax Payer : Ashwini Sahakari Rugnalaya & Res. Centre

ITAT: Remarks on Revenue's conduct in filing appeal over addition u/s 41(1) despite undisputed foundational facts

  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2021(Mum)
  • Tax Payer : Surbhit Impex Pvt. Ltd