Rulings ( 15452 results )

HC: Lifts attachment of property, recovery right under SARFAESI overrides Revenue's claim on tax dues

  • In Favour of Assessee
  • Citation Number : TS-606-HC-2021(BOM)
  • Tax Payer : Edelweiss Asset Reconstruction Co. Ltd

ITAT: Distinguishes Consultant from Manager, prudent loan not disqualification for exemption u/s 11

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2021(CHNY)
  • Tax Payer : Jaya Educational Trust

HC: Holds e-assessment order passed in violation of 'non-obstante provisions' of Sec.144C illegal, incurably defective

  • In Favour of Assessee
  • Citation Number : TS-599-HC-2021(BOM)
  • Tax Payer : SHL (India) Private Limited

HC: IISc employees not at par with Govt. employees for valuation of residential accommodation

  • In Favour of Revenue
  • Citation Number : TS-595-HC-2021(KAR)
  • Tax Payer : Indian Institute Of Science

HC: ​​Revokes attachment of property since Revenue stayed demand on 20% deposit

  • In Favour of Assessee
  • Citation Number : TS-593-HC-2021(BOM)
  • Tax Payer : Vikalp Projects Pvt. Ltd

HC: Fresh claims allowable in Sec.148 proceedings; Follows Rajesh Jhaveri, differs from Sun Engineering

  • In Favour of Assessee
  • Citation Number : TS-591-HC-2021(KAR)
  • Tax Payer : The Karnataka State Co-Operative Apex Bank Limited

ITAT: Stays demand for Shell Global arising from TP adjustment subject to 40% deposit

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2021(Ahd)
  • Tax Payer : Shell Global Solutions International B.V.

ITAT: Holds long-term capital loss to Swiss Co. on 26% stake-sale in TTK Healthcare, not artificial

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2021(Mum)
  • Tax Payer : Swiss Reinsurance Company Ltd

HC: Directs PCIT to pass reasoned revisionary order on treaty-rate versus DDT controversy

  • In Favour of Assessee
  • Citation Number : TS-587-HC-2021(DEL)
  • Tax Payer : Riso India Private Limited

HC: HC: Directs ITAT to expedite system for uploading daily order-sheets, revised cause-list on website

  • In Favour of Assessee
  • Citation Number : TS-586-HC-2021(DEL)
  • Tax Payer : Ankit Kapoor

HC: Remits faceless assessment order, grants opportunity of being heard

  • In Favour of Assessee
  • Citation Number : TS-580-HC-2021(DEL)
  • Tax Payer : Expert Capital Services Private Limited

ITAT: Assessment on Cyprus-based Co. bad for invalid satisfaction u/s 153C, not following procedure u/s 144C

  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2021(DEL)
  • Tax Payer : Newbury Oil Company Ltd

HC: Sets aside assessment order passed without issuing SCN in pre-amendment faceless regime

  • In Favour of Assessee
  • Citation Number : TS-585-HC-2021(DEL)
  • Tax Payer : RMSI Private Limited

HC: Assessment orders passed under old regime, post April 1, bad in law

  • In Favour of Assessee
  • Citation Number : TS-579-HC-2021(DEL)
  • Tax Payer : Rani Promoter Private Limited

ITAT: Scope of scrutiny cannot be enlarged u/s 263, quashes revisionary order

  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2021(Kol)
  • Tax Payer : Rosemary Vincom LLP

ITAT: Holds Sec.144C prospective from AY 2011-12, declares assessment order void ab initio

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2021(Ahd)
  • Tax Payer : Rubamin Ltd

HC: Remands assessment order passed by rejecting submission made without cover-letter

  • In Favour of Assessee
  • Citation Number : TS-573-HC-2021(DEL)
  • Tax Payer : Punjab and Sind Bank

ITAT: Indexation allowable upto taxable event, not restricted to date of signing JDA

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2021(DEL)
  • Tax Payer : Global Health Private Limited

ITAT: Advance forfeited against property, recognized as outstanding liability, not taxable u/s 41(1)

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2021(Mum)
  • Tax Payer : Ashish Indur Chowdhry

FC: French Supreme Administrative Court​:​ Company managing artists' rights not beneficial owner​, not eligible for treaty benefit

  • In Favour of Revenue
  • Citation Number : TS-583-FC-2021(FRN)
  • Tax Payer : Performing Right Society Limited