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Rulings ( 15452 results )
High Court
HC: Allows writ challenging reassessment of Mauritius-based entities; Holds 'change of opinion'
- In Favour of Assessee
- Citation Number : TS-523-HC-2021(DEL)
- Tax Payer : ESS ADVERTISING (MAURITIUS) S.N.C. ET COMPAGNIE
High Court
HC: Non-recording of reasons by AO not indicative of non-application of mind
- In Favour of Assessee
- Citation Number : TS-513-HC-2021(DEL)
- Tax Payer : Brahma Centre Development Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds interest-free loans justifiable, owned-funds considerably exceeded amount advanced
- In Favour of Assessee
- Citation Number : TS-516-ITAT-2021(Bang)
- Tax Payer : XIndia Steels Ltd
Income tax Appellate Tribunal
ITAT: Allows reassessment based on audit objection involving disallowance of cash expenditure
- In Favour of Revenue
- Citation Number : TS-525-ITAT-2021(HYD)
- Tax Payer : Mayuri Constructions
Income tax Appellate Tribunal
ITAT: Extends stay on demand, more than 20% discharged, delay not attributable to Assessee
- In Favour of Assessee
- Citation Number : TS-526-ITAT-2021(CHNY)
- Tax Payer : Durr India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Alteration of book profit for MAT beyond AO's powers; Follows Apollo Tyres
- In Favour of Assessee
- Citation Number : TS-531-ITAT-2021(DEL)
- Tax Payer : Tikaula Sugar Mills Ltd
High Court
HC: Sec. 159(2) does not contemplate abatement of assessment order passed on deceased Assessee
- In Favour of Revenue
- Citation Number : TS-518-HC-2021(KAR)
- Tax Payer : I. Mahabaleshwarappa
High Court
HC: Quashes revision u/s 263, allows depreciation on assets under finance lease
- In Favour of Assessee
- Citation Number : TS-515-HC-2021(KAR)
- Tax Payer : CISCO SYSTEMS CAPITAL (INDIA) PVT LTD
High Court
HC: Upholds validity of notice u/s 148 served at NR-Assessee's address in PAN Database
- In Favour of Assessee
- Citation Number : TS-533-HC-2021(MAD)
- Tax Payer : Rajmannar Ramaswamy
Foreign Court
FC: UK First-Tier Tribunal holds foreign taxes, not treaty-compliant, ineligible for FTC
- In Favour of Revenue
- Citation Number : TS-529-FC-2021(UK)
- Tax Payer : G E FINANCIAL INVESTMENTS
High Court
HC: Revenue expenditure deferrable only when specified; Allows one-time lease rent on crystallisation
- In Favour of Assessee
- Citation Number : TS-527-HC-2021(DEL)
- Tax Payer : Coforge Limited (Formerly Known As Niit Technologies Ltd)
High Court
HC: VsV application eligible for 50% concession, remand to ITAT originates from Revenue's appeal
- In Favour of Assessee
- Citation Number : TS-522-HC-2021(BOM)
- Tax Payer : Cooperative Rabobank U A
Income tax Appellate Tribunal
ITAT: Flats-sale by members not taxable for housing society; President’s protective assessment invalid
- In Favour of Assessee
- Citation Number : TS-514-ITAT-2021(JPR)
- Tax Payer : VIP Group Housing Society
Income tax Appellate Tribunal
ITAT: For 'beneficial ownership' under BMA, signature on foreign bank's account opening form inadequate
- In Favour of Assessee
- Citation Number : TS-521-ITAT-2021(DEL)
- Tax Payer : Jatinder Mehra
Supreme Court
SC: Dismisses Assessee’s SLP concerning validity of search on premises not owned by searched person
- In Favour of Revenue
- Citation Number : TS-520-SC-2021
- Tax Payer : VIKAS CHOWDHARY
Supreme Court
SC: Dismisses Assessee’s SLP on initiation of reassessment as PoA holder of NR Assessee
- In Favour of Revenue
- Citation Number : TS-519-SC-2021
- Tax Payer : P P MAHATME
Income tax Appellate Tribunal
ITAT: Charges for converting loan from floating to fixed-rate, akin to interest, allowable expenditure
- In Favour of Assessee
- Citation Number : TS-517-ITAT-2021(Mum)
- Tax Payer : Owens-Corning (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Upholds share-valuation proximate to Court approved 'appointed date’ over share-issue date
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2021(Mum)
- Tax Payer : Vardhman Entertainment & Hospitality Pvt.Ltd
Income tax Appellate Tribunal
ITAT: 2014 amendment enlarging limitation for TDS orders u/s 201(1) inapplicable on time-barred actions
- In Favour of Assessee
- Citation Number : TS-511-ITAT-2021(PUN)
- Tax Payer : Bank of India – Kirkee Branch
Income tax Appellate Tribunal
ITAT: 2021 amendments on due date for depositing ESI, PF apply prospectively
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2021(HYD)
- Tax Payer : Crescent Roadways Private Limited