Rulings ( 15452 results )

ITAT: ITAT: Representative assessee assessable on non-resident's income by separate order

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2021(DEL)
  • Tax Payer : Manish Tyagi

ITAT: Revision u/s 263 unsustainable where CIT(A) order precedes revisionary order, on common issue

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2021(Kol)
  • Tax Payer : The Peerless General Finance & Investment Company Limited

SC: To hear Revenue's SLP over right to assail issue, not appealed against, before ITAT

  • In Favour of None/NA
  • Citation Number : TS-223-SC-2021
  • Tax Payer : Divine Infracon Pvt Ltd

SC: Dismisses SLP against HC order confirming PCIT's direction to pay Rs. 19 Cr. against demand of Rs.1776 Cr

  • In Favour of Revenue
  • Citation Number : TS-219-SC-2021
  • Tax Payer : India Power Corporation Limited & Anr

SC: To hear Kotak Mahindra's appeal on July 14 on allowability of loss on revaluation of 'permanent securities'

  • In Favour of None/NA
  • Citation Number : TS-234-SC-2021
  • Tax Payer : Kotak Mahindra Bank Limited

SC: Issues notice on Revenue's SLP challenging setting aside of cancellation of registration u/s 12A due to amendment u/s 2(15)

  • In Favour of None/NA
  • Citation Number : TS-226-SC-2021
  • Tax Payer : Gujarat Maritime Board

SC: To hear Hyundai's appeal over veracity of business expenditure claimed against PE's receipts

  • In Favour of None/NA
  • Citation Number : TS-237-SC-2021
  • Tax Payer : Hyundai Heavy Industries Co. Ltd

ITAT: Sec. 56(2)(viib) inapplicable to excess of net assets over consideration paid on amalgamation

  • In Favour of Assessee
  • Citation Number : TS-260-ITAT-2021(Ahd)
  • Tax Payer : Ozone India Ltd

FC: Danish Tax Court – Absence of limitation in DTAA doesn't confer indefinite time for initiating MAP

  • In Favour of Revenue
  • Citation Number : TS-264-FC-2021(DEN)
  • Tax Payer : H1 Danish Company

HC: Considers trinity of prima facie case, financial stringency, balance of convenience for granting stay u/s 220(6)

  • In Favour of Both, Partially
  • Citation Number : TS-259-HC-2021(MAD)
  • Tax Payer : Queen Agencies

HC: PCIT’s order u/s 263 directing computation u/s 10A based on company's average profit erroneous, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-257-HC-2021(MAD)
  • Tax Payer : Virtusa Consulting Services Pvt. Ltd

ITAT: Sec. 56(2)(viib) applicable on allotment of shares, not to advance received; Deletes Rs.313 Cr addition

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2021(Mum)
  • Tax Payer : Impact RetailTech Fund Pvt. Ltd

HC: Directs for consideration of VsV declaration, pending revision u/s 264 over credit of tax paid

  • In Favour of Assessee
  • Citation Number : TS-255-HC-2021(BOM)
  • Tax Payer : Sadruddin Tejani

HC: Directs trust to move CBDT with belated Form 10B; Upholds CIT(E)'s rejection of condonation application

  • In Favour of Both, Partially
  • Citation Number : TS-254-HC-2021(BOM)
  • Tax Payer : Little Angels Education Society

HC: HC: Disposes of PIL against Faceless ITAT; Directs Govt. to decide pending representations, preferred by Petitioner

  • In Favour of Assessee
  • Citation Number : TS-256-HC-2021(DEL)
  • Tax Payer : Praveen Kumar Bansal

ITAT: Directs Grasim to secure 20% of Rs.3786Cr. DDT demand arising from intra-group restructuring

  • In Favour of Both, Partially
  • Citation Number : TS-253-ITAT-2021(Mum)
  • Tax Payer : Grasim Industries Limited

HC: Remits issue of depreciation on franchise fee, payable annually, for IPL Delhi team

  • In Favour of Revenue
  • Citation Number : TS-252-HC-2021(KAR)
  • Tax Payer : GMR Sports Pvt. Ltd

HC: PAN mandatory u/s 206AA r.w. 139A for persons with income below taxable limit; Overrules Single Judge

  • In Favour of Revenue
  • Citation Number : TS-251-HC-2021(KAR)
  • Tax Payer : A. Kowsalya Bai

ITAT: Grants Sec.54F benefit to assessee despite non-deposit in Capital Gains Account Scheme

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2021(DEL)
  • Tax Payer : Ashok Kumar Wadhwa

ITAT: Disallows addition of new source of Income by CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2021(DEL)
  • Tax Payer : Angel Cement Pvt. Ltd