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Rulings ( 15468 results )
Income tax Appellate Tribunal
ITAT:Denies immunity from penalty levy despite no specific charge in penalty notice
- In Favour of Revenue
- Citation Number : TS-55-ITAT-2020(Rjt)
- Tax Payer : Ajay Salt & Chemicals
Income tax Appellate Tribunal
ITAT:Upholds assessee's status as Trust, not AOP; Accepts taxation of income in sole-beneficiary's hands
- In Favour of Assessee
- Citation Number : TS-54-ITAT-2020(Mum)
- Tax Payer : IL And Orix Trust
High Court
HC:Imposes cost to discourage 'unwarranted search action' ; Directs return of seized jewellery
- In Favour of Assessee
- Citation Number : TS-53-HC-2020(DEL)
- Tax Payer : Khem Chand Mukim
High Court
HC:Relegates Deepak Kochhar to CIT(A), grants 'double' interim stay over Rs.394 cr share premium addition
- In Favour of Both, Partially
- Citation Number : TS-52-HC-2020(BOM)
- Tax Payer : Deepak Kochhar
High Court
HC:Karnataka HC agrees with Bombay HC, MAT inapplicable to banking companies
- In Favour of Assessee
- Citation Number : TS-51-HC-2020(KAR)
- Tax Payer : ING Vysya Bank Limited
Income tax Appellate Tribunal
ITAT:Compensation, corpus received by flat-owner under redevelopment, assessable as 'Capital Gains'
- In Favour of Assessee
- Citation Number : TS-50-ITAT-2020(Mum)
- Tax Payer : Pradyot B. Borkar
Income tax Appellate Tribunal
ITAT:Slaps Rs.10,000 cost on taxpayer for adopting dilly-dally” approach in pursuing appeal before CIT(A)
- In Favour of Both, Partially
- Citation Number : TS-49-ITAT-2020(Ahd)
- Tax Payer : Deschem Technologies Resources Pvt. Ltd
Income tax Appellate Tribunal
ITAT:'Non-compete' compensation received upon resignation, not 'profit in lieu of salary'
- In Favour of Assessee
- Citation Number : TS-48-ITAT-2020(Mum)
- Tax Payer : Shri Sunderraj Srinivasan
Income tax Appellate Tribunal
ITAT:Employer cant escape from both - FBT & TDS liabilities on free electricity supply to employees
- In Favour of Revenue
- Citation Number : TS-47-ITAT-2020(JAB)
- Tax Payer : Madhya Pradesh Poorv Kshetra Vidyut Vitran Co. Ltd
Income tax Appellate Tribunal
ITAT:Allows taxpayer's 'further loss' claim vide revised return; Rejects AO's Sec.80 invocation
- In Favour of Assessee
- Citation Number : TS-46-ITAT-2020(Mum)
- Tax Payer : Marks & Spencer Reliance India Pvt.Ltd
Income tax Appellate Tribunal
ITAT:Upholds FTS taxability for IT services income linked to 'royalty'; 'Make-available' test inapplicable
- In Favour of Revenue
- Citation Number : TS-45-ITAT-2020(Mum)
- Tax Payer : Aktiebolaget SKF
High Court
HC:Grants charity registration to TPA association providing health & insurance facilities to 'general public'
- In Favour of Assessee
- Citation Number : TS-44-HC-2020(DEL)
- Tax Payer : Association Of Third Party Administrators
Income tax Appellate Tribunal
ITAT:Admonishes CIT(A) for hearing appeals beyond office hours on daily basis”
- In Favour of Both, Partially
- Citation Number : TS-43-ITAT-2020(CHNY)
- Tax Payer : Shri Shanmugam Senthilkumar
Income tax Appellate Tribunal
ITAT:Gives effect to Third Member order, allows admission of additional evidence
- In Favour of Assessee
- Citation Number : TS-42-ITAT-2020(Bang)
- Tax Payer : Shri K Mahesh Kumar
High Court
HC:Denies Sec.54F benefit in respect of newly constructed house in mother's name
- In Favour of Revenue
- Citation Number : TS-41-HC-2020(BOM)
- Tax Payer : Sanjay L. Sonavane
Income tax Appellate Tribunal
ITAT:No LTCG understatement on share-sale to fellow director at face-value based on 'mutual understanding'
- In Favour of Assessee
- Citation Number : TS-840-ITAT-2019(Ahd)
- Tax Payer : Shri Rakesh Bhikhabhai Shah
Income tax Appellate Tribunal
ITAT:Sec.43A not applicable to forex utilisation for acquisition of assets in India
- In Favour of Assessee
- Citation Number : TS-40-ITAT-2020(PUN)
- Tax Payer : Hueco Electronics (I) Pvt. Ltd
High Court
HC: Upholds ITAT order holding income from operation of shopping mall as business income
- In Favour of Assessee
- Citation Number : TS-39-HC-2020(BOM)
- Tax Payer : City Centre Mall Nashik Pvt. Ltd
Income tax Appellate Tribunal
ITAT:No TDS u/s. 195 on employees' participation fees for foreign conferences /seminars
- In Favour of Assessee
- Citation Number : TS-38-ITAT-2020(Mum)
- Tax Payer : Roche Diagnostics India Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Trust entitled to carry forward excess income application to later years u/s.11
- In Favour of Assessee
- Citation Number : TS-37-ITAT-2020(DEL)
- Tax Payer : Improvement Trust Fatehabad