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Rulings ( 15461 results )
Income tax Appellate Tribunal
ITAT: Assessment, of non-existent company, curable as Revenue not timely informed about merger; Distinguishes Maruti-Suzuki
- In Favour of Revenue
- Citation Number : TS-663-ITAT-2020(Bang)
- Tax Payer : Serendipity Infolabs Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Disentitlement for set off of losses against income taxable u/s 115BBE applies prospectively
- In Favour of Assessee
- Citation Number : TS-662-ITAT-2020(Mum)
- Tax Payer : Innovative Construction Pvt. Ltd
Supreme Court
SC: Dismisses assessee's SLP challenging HC order restoring Sec.68 addition
- In Favour of Revenue
- Citation Number : TS-661-SC-2020
- Tax Payer : Sadiq Sheikh
Income tax Appellate Tribunal
ITAT: Interest on sum borrowed to repay a loan, utilised for construction of commercial property, deductible u/s 24(b)
- In Favour of Assessee
- Citation Number : TS-660-ITAT-2020(Bang)
- Tax Payer : Indraprastha Shelters Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Addition of an unexplained credit in different hands, not double taxation
- In Favour of Revenue
- Citation Number : TS-653-ITAT-2020(DEL)
- Tax Payer : Paramount Residency Pvt. Ltd
High Court
HC: No challenge against assessment doesn't justify penalty u/s 271(1)(c) without specific charge
- In Favour of Assessee
- Citation Number : TS-659-HC-2020(MAD)
- Tax Payer : Shri Babuji Jacob
High Court
HC: Conversion of ROM to Iron Ore Concentrate constitutes 'manufacture', EOU eligible for deduction u/s 10B
- In Favour of Assessee
- Citation Number : TS-658-HC-2020(BOM)
- Tax Payer : Ramacanta Velingkar Minerals
High Court
HC: Notional rent not taxable u/s 22 for building let out without receiving occupancy certificate
- In Favour of Both, Partially
- Citation Number : TS-657-HC-2020(KAR)
- Tax Payer : Brigade Enterprises Ltd
Income tax Appellate Tribunal
ITAT: MAT provisions applicable to Bank of India; Confirms inclusion of Rs. 1408 Cr. overseas branch earnings in taxable income
- In Favour of Revenue
- Citation Number : TS-656-ITAT-2020(Mum)
- Tax Payer : Bank of India
High Court
HC: Overrules ITAT on taxability from sale of depreciable assets, allows business loss u/s 41(2)
- In Favour of Assessee
- Citation Number : TS-651-HC-2020(MAD)
- Tax Payer : Share Aids Private Ltd
High Court
HC: Expense reimbursement on seconded employees - Not FTS, No TDS; Distinguishes Centrica
- In Favour of Assessee
- Citation Number : TS-655-HC-2020(KAR)
- Tax Payer : Abbey Business Services India Pvt Ltd
High Court
HC: Shriram Ownership Trust taxable as individual u/s 56(2)(vii) for voluntary contribution from group companies
- In Favour of Revenue
- Citation Number : TS-654-HC-2020(MAD)
- Tax Payer : Shriram Ownership Trust
Income tax Appellate Tribunal
ITAT: Deletes penalty on undisclosed cash requisitioned from police, later declared in Return
- In Favour of Assessee
- Citation Number : TS-649-ITAT-2020(JPR)
- Tax Payer : Mohamed Mohtram Farooqui
High Court
HC: Ten years of tax holiday u/s 10B begin from year of the first claim
- In Favour of Assessee
- Citation Number : TS-652-HC-2020(KAR)
- Tax Payer : Saint Gobain Crystals & Detectors (I) Limited
High Court
HC: Discharges Karti Chidambaram, wife from prosecution for want of evidence clinchingly establishing tax evasion
- In Favour of Assessee
- Citation Number : TS-650-HC-2020(MAD)
- Tax Payer : Karti P. Chidambaram
High Court
HC: Person not named in search warrant not eligible to challenge its validity
- In Favour of Revenue
- Citation Number : TS-648-HC-2020(DEL)
- Tax Payer : Shilpa Chowdhary and Vikas Chowdhary
Foreign Court
FC: French Supreme Court : TRC - a prerequisite for availing treaty benefits, not for determining residential status
- In Favour of Assessee
- Citation Number : TS-745-FC-2020(FRN)
- Tax Payer : Mr A
High Court
HC:Allows appeal withdrawal by Bharat Petroleum on availing benefit of Vivad se Vishwas Scheme
- In Favour of Assessee
- Citation Number : TS-647-HC-2020(BOM)
- Tax Payer : Bharat Petroleum Corpn. Ltd.
Income tax Appellate Tribunal
ITAT: Deduction u/s 10A allowable as documents get STPI's acceptance; Onus to disprove exports on Revenue
- In Favour of Assessee
- Citation Number : TS-646-ITAT-2020(VIZ)
- Tax Payer : First Tek Private Limited
Income tax Appellate Tribunal
ITAT:Advances adjusted against DDT paid dividend cannot be taxed u/s 2(22(e)
- In Favour of Assessee
- Citation Number : TS-645-ITAT-2020(CHANDI)
- Tax Payer : Smt. Sushma Bansal