Rulings ( 15452 results )

HC: Strikes down FAQ 73 that disentitles assessees under prosecution from applying for VsV

  • In Favour of Assessee
  • Citation Number : TS-207-HC-2021(BOM)
  • Tax Payer : Macrotech Developers Limited

ITAT: CSR provision without 'certainty' on end use, unascertained liability for MAT computation

  • In Favour of Revenue
  • Citation Number : TS-205-ITAT-2021(DEL)
  • Tax Payer : Pawan Hans Ltd

ITAT: Proceedings u/s 263 cannot travel beyond reasons for limited scrutiny

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2021(Kol)
  • Tax Payer : Binod Kumar Mahato

ITAT: Allows Tata Trusts’ voluntary surrender of Sec. 12A registration w.e.f. 2015; Revenue can’t ‘compel’ continuation

  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2021(Mum)
  • Tax Payer : Navajbai Ratan Tata Trust & Others

ITAT: Holds assessment order passed without service of notice u/s 143(2) by jurisdictional AO as null and void

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2021(DEL)
  • Tax Payer : Reeta Singhal

ITAT: Exception in CBDT Circular on monetary limits inapplicable to penalty cases; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2021(Mum)
  • Tax Payer : Shankheshwar Real Estate Company

ITAT: Sec. 206AA not above beneficial treaty provision; Approves 10% TDS on remittance to Czech Republic

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2021(Ahd)
  • Tax Payer : Jyoti Limited

HC: ITAT’s power u/s 254(2) does not extend to revision/review, limited to rectification

  • In Favour of Assessee
  • Citation Number : TS-197-HC-2021(GUJ)
  • Tax Payer : Vrundavan Ginning And Oil Mill

ITAT: Rejects revenue recognition based on progressive billing of incomplete contracts

  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2021(Mum)
  • Tax Payer : UHDE India Pvt. Ltd.

ITAT: Holds fees paid to lawyers, CAs in Australia, USA not FTS, Business Income; Deletes disallowance u/s Sec.40(a)(i)

  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2021(CHNY)
  • Tax Payer : Sundaram Business Ltd

HC: TDS proceedings cannot be initiated without deciding on taxability of sum payable u/s 195

  • In Favour of Assessee
  • Citation Number : TS-192-HC-2021(DEL)
  • Tax Payer : BT (India) Private Limited

HC: Refund cannot be withheld without order u/s 241A; Mere notice u/s 143(2) insufficient

  • In Favour of Assessee
  • Citation Number : TS-191-HC-2021(DEL)
  • Tax Payer : Ingenico International India Pvt. Ltd

ITAT: ITAT: Share transaction between sister concerns by physical delivery and banking channels, not speculative

  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2021(Mum)
  • Tax Payer : Panther Industrial Products Ltd.

ITAT: Decides assessee’s appeal ex-parte; Upholds disallowance u/s 14A

  • In Favour of Revenue
  • Citation Number : TS-190-ITAT-2021(DEL)
  • Tax Payer : NESTLE R & D, Centre India Pvt. Ltd

ITAT: Loss in value of shareholding due to capital reduction by subsidiary, allowable as business loss

  • In Favour of Assessee
  • Citation Number : TS-189-ITAT-2021(Ahd)
  • Tax Payer : GHCL Ltd

ITAT: Amendment to Sec.115BBE prospective w.e.f. AY 2016-17; Allows set-off against unexplained investment

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2021(DEL)
  • Tax Payer : ACE Infracity Developers P. Ltd

ITAT: Grants revised claim u/s 80IA since original return was filed before due date

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2021(HYD)
  • Tax Payer : Delhi MSW Solutions Ltd

ITAT: Deletes disallowance of broken period interest, depreciation on securities and more for State Bank of India

  • In Favour of Assessee
  • Citation Number : TS-174-ITAT-2021(Mum)
  • Tax Payer : STATE BANK OF INDIA

ITAT: Directs re-examination of ‘beneficial ownership’ test of Cyprus-based entity’s interest income

  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2021(DEL)
  • Tax Payer : Betoking Ltd

SC: Dismisses assessee’s SLP challenging HC order classifying interest on enhanced compensation as IFOS

  • In Favour of Revenue
  • Citation Number : TS-176-SC-2021
  • Tax Payer : Mahender Pal Narang