Rulings ( 15468 results )

ITAT:'New workmen' satisfying '300 working days' criteria in succeeding year, eligible for deduction u/s.80JJAA

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2020(Bang)
  • Tax Payer : Texas Instruments (India) Private Limited

ITAT: Partner's property lease to firm not 'transfer' u/s.45(3) absent recording as 'contribution' in firm's books

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2020(ASR)
  • Tax Payer : Shri Raju Choudhary

HC:Stay application rejected without application of mind, unsustainable; Directs AO to decide afresh on merits

  • In Favour of Assessee
  • Citation Number : TS-189-HC-2020(BOM)
  • Tax Payer : Mansukhlal Amritlal Modi

HC:Quashes prosecution proceedings u/s.276D for non-production of cash book absent order for retention

  • In Favour of Assessee
  • Citation Number : TS-188-HC-2020(P & H)
  • Tax Payer : Anubhuti Cold Chains Pvt. Ltd. and others

ITAT:Disallows sole-proprietor's higher education expenses claim u/s. 37(1) incurred prior to business commencement

  • In Favour of Revenue
  • Citation Number : TS-187-ITAT-2020(JPR)
  • Tax Payer : Shri Harshvardhan Johari

ITAT:Allows deduction u/s 57(iii) w.r.t interest expenditure incurred 'for the purpose' of earning income

  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2020(DEL)
  • Tax Payer : Suresh Chand Agrawal

ITAT:Imposes cost on assessee for availing appellate remedy and revision u/s. 264 simultaneously

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2020(Rjt)
  • Tax Payer : Digjam Limited

HC: Allows deduction u/s. 10B before set-off of unabsorbed depreciation; Follows Yokogawa SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-184-HC-2020(MAD)
  • Tax Payer : Comstar Automative Technologies Private Ltd

ITAT:Corporate Guarantee fees not FTS; 'Cess' not leviable on DTAA-prescribed tax rates

  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2020(DEL)
  • Tax Payer : JCDecaux S.A

HC:Restrains overseas travel, denies staying LOC citing alleged 'large scale tax evasion'

  • In Favour of Revenue
  • Citation Number : TS-182-HC-2020(DEL)
  • Tax Payer : Piyoosh Kumar Goyal

HC: Directs issuance of 'wrongly withheld' Rs. 300 cr. refund; Considers imposing cost on Revenue

  • In Favour of Assessee
  • Citation Number : TS-181-HC-2020(P & H)
  • Tax Payer : Huawei Telecommunications (India) Company Private Limited

SC:Indefinitely extends limitation period for appeals, given COVID outbreak

  • In Favour of Both, Partially
  • Citation Number : TS-180-SC-2020
  • Tax Payer : Supreme Court Suo Moto

ITAT: Compensation for reduction in partner's profit sharing ratio not exigible as Capital Gains

  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2020(Mum)
  • Tax Payer : Anik Industries Ltd

HC: NR consultancy payments for 'proposed' foreign business acquisition, FTS under Act

  • In Favour of Revenue
  • Citation Number : TS-178-HC-2020(MAD)
  • Tax Payer : Shriram Capital Limited

ITAT:Perpetually leased property, covered u/s.55(2)(b); Entitled for 1981-FMV substitution

  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2020(Mum)
  • Tax Payer : Piramal Enterprises Ltd

HC:Property sale proceeds taxable as 'business income' for assessee engaged in 'buying & selling properties'

  • In Favour of Revenue
  • Citation Number : TS-176-HC-2020(BOM)
  • Tax Payer : Afonso Real Estate Developers

ITAT: Allows appeal withdrawal to assessee availing benefit of 'Vivad se Vishwas' scheme

  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2020(DEL)
  • Tax Payer : Sh. Gaurav Bajaj

SC:Copy of SC order staying Kerala HC directives granting Coronvirus related reliefs

  • In Favour of Both, Partially
  • Citation Number : TS-174-SC-2020
  • Tax Payer : P.D. Sunny & Ors

ITAT:Third Member - Deletes penalty u/s.271(1)(c) levied based on addition deleted by AO

  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2020(ASR)
  • Tax Payer : Smt. Jagdish Kaur Dhillon

ITAT:Affirms intangible” business connection for Nicholas Cage's appearance in Dubai for Audi-A8L launch

  • In Favour of Revenue
  • Citation Number : TS-172-ITAT-2020(Mum)
  • Tax Payer : Volkswagen Finance Pvt Ltd