Rulings ( 15461 results )

HC:'Refund' probe through notice u/s.143(2) doesn't curtail AAR's jurisdiction to deal with 'royalty' issue

  • In Favour of Assessee
  • Citation Number : TS-437-HC-2020(DEL)
  • Tax Payer : Authority For Advance Ruling

ITAT:Havells' testing and certification charges payments to Chinese, German entities - FTS

  • In Favour of Revenue
  • Citation Number : TS-436-ITAT-2020(DEL)
  • Tax Payer : Havells India Ltd

FC: Swiss Federal Court: Denies dividend withholding tax refund, Cites CJEU's decision in Danish 'beneficial ownership' cases

  • In Favour of Revenue
  • Citation Number : TS-725-FC-2020(SWTZ)
  • Tax Payer : AA Ltd.

ITAT:Directs examination of alternate claim u/s. 10A; Rejects AO's Regency ruling reliance considering subsequent review by HC

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2020(COCH)
  • Tax Payer : Krythium Solutions Private Limited

ITAT:Deletes addition u/s. 68 in resulting co.'s hands for share-premium arising upon HC-sanctioned demerger

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2020(Mum)
  • Tax Payer : Jayvik Foresight Innovations and Solutions Pvt. Ltd

HC: Income from letting-out property with amenities in SEZ, taxable as business income; Cites CBDT circular

  • In Favour of Assessee
  • Citation Number : TS-433-HC-2020(MAD)
  • Tax Payer : Tidel Park Limited

ITAT:Merely 'owning' 2nd residential property jointly with wife doesn't tantamount to 'purchase'; Grants Sec.54F benefit

  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2020(Bang)
  • Tax Payer : Shree Anil Dev

ITAT:No higher TDS as per Sec. 206AA in absence of PAN when DTAA benefit available

  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2020(Bang)
  • Tax Payer : Mantri Technology Constellations Pvt. Ltd

FC: French Supreme Court: Luxembourg-parent, not “beneficial owner”; Denies exemption from withholding tax on dividends

  • In Favour of Revenue
  • Citation Number : TS-724-FC-2020(FRN)
  • Tax Payer : Euro Stockage

ITAT:Allows deduction for royalty payments towards 'unregistered' trademark made to entity owned by director

  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2020(DEL)
  • Tax Payer : Imtiara Consultants P. Ltd

HC:Quashes proceedings u/s. 201 against District Co-op. Banks' for alleged TDS default u/s. 194N on cash disbursements

  • In Favour of Assessee
  • Citation Number : TS-429-HC-2020(MAD)
  • Tax Payer : Tirunelveli District Central Cooperative Bank Limited

ITAT: Mere paper-trail can't prove genuineness of 'non-existent' investors ; Upholds addition u/s. 68 citing NRA SC-ruling

  • In Favour of Revenue
  • Citation Number : TS-428-ITAT-2020(DEL)
  • Tax Payer : KNS Realtors Pvt. Ltd

ITAT:Bifurcates profit on sale of plots developed on agricultural land into business income & capital gains

  • In Favour of Both, Partially
  • Citation Number : TS-427-ITAT-2020(JPR)
  • Tax Payer : Dr. Radhey Shyam Garg

SC:Capital gains on compulsory land acquisition, taxable in year of awarding 'compensation'

  • In Favour of Revenue
  • Citation Number : TS-426-SC-2020
  • Tax Payer : RAJ PAL SINGH

ITAT: Assessee-employer's belated payments of employees' contribution towards ESI, not deductible u/s. 36(1)(va)

  • In Favour of Revenue
  • Citation Number : TS-425-ITAT-2020(Ahd)
  • Tax Payer : Morakhia Copper and Alloys Pvt. Ltd

ITAT: Quashes assessment-order passed on amalgamated entity where notice u/s. 143(2) issued to non-existent amalgamating entity

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2020(Mum)
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens Power Engineering Private Limited)

ITAT:Deletes Sec.271(1)(c) penalty on additions under normal provisions in MAT cases pre-2015 amendment

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2020(Mum)
  • Tax Payer : Flemingo Travel Retail Limited (formerly known as DFS India Pvt. Ltd.)

ITAT: Allows depreciation on goodwill arising on 'business' acquisition from IBM

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2020(DEL)
  • Tax Payer : Geodis Overseas Pvt Ltd

ITAT: Income-tax Act prevails over ICAI's accounting standards; Allows interest deduction to Realtor u/s.36(1)(iii)

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2020(Bang)
  • Tax Payer : Cornerstone Property Investment (P) Ltd

ITAT:Sec. 50C inapplicable to capital contribution of 'development rights' to an AOP

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2020(Mum)
  • Tax Payer : Network Construction Company