Rulings ( 15452 results )

ITAT: Confirms CIT(A)'s income enhancement based on 'source of income' not considered by Revenue during reassessment

  • In Favour of Revenue
  • Citation Number : TS-222-ITAT-2021(DEL)
  • Tax Payer : Shri Praveen Garg

ITAT: Sets aside CIT(A) order dismissing assessee's 'manual appeal'; Grants 30 days time for e-filing

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2021(Mum)
  • Tax Payer : Jaykrishna Dharmeshbhai Pathak

ITAT: CIT(A) to address objections against filing appeal electronically; Sets aside order rejecting appeal in paper form

  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2021(CHANDI)
  • Tax Payer : Gurdeep Singh Mangat

HC: Trial production machinery kept in 'ready to use' condition, eligible for depreciation

  • In Favour of Assessee
  • Citation Number : TS-225-HC-2021(MAD)
  • Tax Payer : LAKSHMI GENERAL FINANCE LTD.

HC: HC: Interest chargeability issue covered under CBDT-circular fixing monetary limit for departmental appeal; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-247-HC-2021(MAD)
  • Tax Payer : S.Duraipandi & S.Thalavaipandian

ITAT: Extends stay for Microsoft India; Considers payment of more than 50% demand

  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2021(DEL)
  • Tax Payer : Microsoft India (R & D) Pvt. Ltd.

HC: Provision created by Toyota Kirloskar for liability towards Vendors not liable to TDS

  • In Favour of Assessee
  • Citation Number : TS-249-HC-2021(KAR)
  • Tax Payer : Toyota Kirloskar Motor (P) Ltd

HC: Interest-free loan to sister concerns with similar objects, not violative of Sec. 13(1)(d); Allows Sec.11 exemption

  • In Favour of Assessee
  • Citation Number : TS-206-HC-2021(MAD)
  • Tax Payer : Society of Daughters of Mary Immaculate & Collaborators

ITAT: ITAT: Mauritian Co. not liable to tax on dividend, falling u/s 10(34), as unexplained income for not filing ITR

  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2021(Mum)
  • Tax Payer : Liston Investment Ltd

ITAT: Addition for alleged 'bogus LTCG' based on only investigation wing report without corroborative evidence, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2021(LKW)
  • Tax Payer : Uma Shanker Dhandhania

HC: Failure to pay self-assessment tax not prosecutable as tax evasion u/s 276C(2)

  • In Favour of Assessee
  • Citation Number : TS-246-HC-2021(KER)
  • Tax Payer : Forzza Projects Private Limited

ITAT: Invalid search warrant does not nullify block assessment u/s 158BD on 'other person'

  • In Favour of Revenue
  • Citation Number : TS-244-ITAT-2021(ALLD)
  • Tax Payer : Manorama Devi

ITAT: ITAT: Fees paid to US Co. for use of trademark, royalty; Liable to TDS u/s 195

  • In Favour of Revenue
  • Citation Number : TS-243-ITAT-2021(CHNY)
  • Tax Payer : Ambika Cotton Mills Ltd

SC: Strikes down automatic vacation of ITAT's grant of stay as 'discriminatory/arbitrary'

  • In Favour of Assessee
  • Citation Number : TS-236-SC-2021
  • Tax Payer : Pepsi Foods Ltd. (Now Pepsico India Holdings Pvt. Ltd.)

HC: HC: Prosecution on MLA D.K. Shivakumar for 'wilful attempt' to evade tax without determination of taxability, invalid

  • In Favour of Assessee
  • Citation Number : TS-238-HC-2021(KAR)
  • Tax Payer : D K Shivakumar

HC: Upholds reassessment for failure to fully disclose material facts related to investment in shares

  • In Favour of Revenue
  • Citation Number : TS-240-HC-2021(GUJ)
  • Tax Payer : Ardent Ventures LLP

HC: Setting up of business sufficient, commencement not essential, for claiming business expenditure

  • In Favour of Assessee
  • Citation Number : TS-235-HC-2021(DEL)
  • Tax Payer : Miele India Pvt. Ltd

ITAT: Society unregistered, unaffiliated to Board, University ineligible for exemption u/s 10(23C)(iiiab)

  • In Favour of Revenue
  • Citation Number : TS-211-ITAT-2021(DEL)
  • Tax Payer : IMC of ITI Dadri

HC: HC: Allows depreciation on non-compete fee; Deletes addition of reserve arising from amalgamation u/s 28

  • In Favour of Assessee
  • Citation Number : TS-231-HC-2021(MAD)
  • Tax Payer : Areva T & D India Ltd

ITAT: Penalty u/s 271(1)(c) not imposable without evidence proving ‘unexplained’ investment in paintings

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2021(Mum)
  • Tax Payer : Mrs. Kavita Singh