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Rulings ( 15452 results )

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Income tax Appellate Tribunal

ITAT: Disallowance of depreciation on goodwill following quashed revisionary order, not sustainable

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2021(Mum)
  • Tax Payer : FEDEX EXPRESS
Income tax Appellate Tribunal

ITAT: Ad hoc addition of 20% of agricultural income as unexplained cash credit, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2021(Mum)
  • Tax Payer : Nitta Jatiya (Alias Nita Jatia)
Income tax Appellate Tribunal

ITAT: Bokaro Steels ruling to decide taxability of interest from temporarily parked funds

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2021(CHNY)
  • Tax Payer : Hitachi Automotive Systems (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extends stay for Skoda as more than 30% demand was paid

  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2021(Mum)
  • Tax Payer : Skoda Auto Volkswagen India Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Sec 56(2)(viib) inapplicable to shares issued to NR; Quashes revisionary order

  • In Favour of Assessee
  • Citation Number : TS-233-ITAT-2021(Ind)
  • Tax Payer : Ruchi J Oil Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Services provided to subsidiary in India through servers in Singapore, not taxable as Royalty/FTS

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2021(Mum)
  • Tax Payer : Atos Information Technology Singapore Pte Ltd
High Court

HC: Opening new Cafes, expansion, not ‘extension’ of business u/s 36(1)(iii); Allows interest expenditure

  • In Favour of Assessee
  • Citation Number : TS-220-HC-2021(KAR)
  • Tax Payer : Coffeeday Global Ltd
High Court

HC: Commission paid by Puma to NR-agents for purchase orders outside India not liable to TDS u/s 195

  • In Favour of Assessee
  • Citation Number : TS-221-HC-2021(KAR)
  • Tax Payer : Puma Sports India P. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Disallowance for TDS default not challenged by Assessee insufficient for sustaining penalty u/s 271(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2021(DEL)
  • Tax Payer : Intercontinental Hotels Group India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Second proviso to Sec. 40(a)(i) retrospective as curative, removes anomaly; Deletes disallowance

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2021(Mum)
  • Tax Payer : Celltick Mobile Media (India) Pvt. Ltd
High Court

HC: Determination of tax liability, involved in challenge to order u/s 241A, outside writ jurisdiction; Dismisses petition

  • In Favour of Revenue
  • Citation Number : TS-216-HC-2021(DEL)
  • Tax Payer : GE Capital Mauritius Overseas Investments
Income tax Appellate Tribunal

ITAT: Payment for software license with restricted use, not Royalty

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2021(Mum)
  • Tax Payer : Reliance Corporate IT Park Ltd
High Court

HC: Allows write off of CENVAT credit due to discontinuation of excise duty on edible oil

  • In Favour of Assessee
  • Citation Number : TS-208-HC-2021(MAD)
  • Tax Payer : Kaleesuwari Refinery Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s order allowing deduction of foreign consultants' fee, directors' commission

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2021(PUN)
  • Tax Payer : Force Motors Ltd
Income tax Appellate Tribunal

ITAT: Reckons period of holding from date of allotment, not agreement date, for LTCG

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2021(Bang)
  • Tax Payer : Sri. Mahendrasingh Ramsingh
Income tax Appellate Tribunal

ITAT: Disallowance of expenditure doesn’t tantamount to furnishing inaccurate particulars; Deletes penalty u/s 271(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2021(DEL)
  • Tax Payer : IKEA Trading (India) Pvt. Ltd
High Court

HC: Imposes cost of Rs.20,000 on Revenue for failure to file counter affidavit; Grants 2 weeks time

  • In Favour of Assessee
  • Citation Number : TS-196-HC-2021(DEL)
  • Tax Payer : Discovery Communications India
Income tax Appellate Tribunal

ITAT: ITAT: Assessment u/s 153A, based on incriminating material of search assessee not subjected to, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-210-ITAT-2021(DEL)
  • Tax Payer : ASG Overseas Pvt. Ltd
High Court

HC: Attorney General to intercede for addressing logjam in AAR

  • In Favour of Both, Partially
  • Citation Number : TS-214-HC-2021(DEL)
  • Tax Payer : Internet Fund II Pte. Ltd
Income tax Appellate Tribunal

ITAT: Lays twin conditions for classifying payment as 'reimbursement,' for TDS liability u/s 195

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2021(PUN)
  • Tax Payer : BYK Asia Pacific Pte. Limited