Rulings ( 15481 results )

ITAT:Allows Essar Teleholdings' capital loss claim on CCDs-sale; Rejects 'colorable device' plea

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2019(Mum)
  • Tax Payer : Essar Teleholdings Limited

ITAT:Denies Sec.12AA registration to assessee-society; Holds 'playschool' not an integral part of education

  • In Favour of Revenue
  • Citation Number : TS-352-ITAT-2019(ASR)
  • Tax Payer : Green Educational Society

ITAT:Allows depreciation on assets vested upon assessee vide transfer, though not physically verifiable

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2019(JPR)
  • Tax Payer : Ajmer Vidyut Vitran Nigam Ltd

ITAT:Religious trust eligible for Sec 11 exemption despite belated tax-return filing; Follows SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2019(CHNY)
  • Tax Payer : Sri Kanyaka Parameswari Devasthanam & Charities

ITAT:Capital-gains not taxable in director's hands, when property beneficially owned by company

  • In Favour of Assessee
  • Citation Number : TS-349-ITAT-2019(JPR)
  • Tax Payer : Shri Sanjay Jindal

ITAT:Revaluation reserve not to be deducted while calculating share FMV as per Rule 11UA(2)

  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2019(Kol)
  • Tax Payer : Jupiter International Ltd

ITAT:AO can't question ace Investors' wisdom; Tinkering with assessee's DCF Valuation method unwarranted

  • In Favour of Assessee
  • Citation Number : TS-347-ITAT-2019(DEL)
  • Tax Payer : Cinestaan Entertainment P. Ltd

ITAT:Allows DLF's SEZ deduction claim u/s. 80IAB; Deletes interest disallowance u/s. 14A citing recent SC Reliance Ind. case

  • In Favour of Both, Partially
  • Citation Number : TS-346-ITAT-2019(DEL)
  • Tax Payer : DLF Limited

HC:Quashes Revenue's invocation of extended 're-assessment' period to disallow Asianet's programme costs

  • In Favour of Assessee
  • Citation Number : TS-345-HC-2019(MAD)
  • Tax Payer : Asianet Star Communications Private Limited

ITAT:Admonishes CIT(A) for dismissing taxpayer's 'low-tax' appeal without discussion on merits

  • In Favour of Both, Partially
  • Citation Number : TS-344-ITAT-2019(CHNY)
  • Tax Payer : Faridha Begum

ITAT: Upholds addition of bogus F&O losses for Client Code Modifications misuse

  • In Favour of Revenue
  • Citation Number : TS-343-ITAT-2019(Mum)
  • Tax Payer : Time Media & Entertainment LLP

ITAT:Upholds LTCG-addition on NDTV Promoters for realizing sale consideration in guise of loans

  • In Favour of Revenue
  • Citation Number : TS-342-ITAT-2019(DEL)
  • Tax Payer : Radhika Roy

ITAT:TDS applicable only on 'service charges' portion of port handling payments to agent

  • In Favour of Assessee
  • Citation Number : TS-341-ITAT-2019(HYD)
  • Tax Payer : BGS SGS Soma Joint Venture

ITAT:No time-limit in Sec. 54 on purchase of land-plot for house construction

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2019(DEL)
  • Tax Payer : Shri Varun Seth

HC:Section 153C 2015-amendment, prospective; Quashes search assessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-339-HC-2019(GUJ)
  • Tax Payer : Anilukmar Gopikishan Agrawal

HC:Legal representative's non-intimation regarding assessee's death, cannot invalidate AO's assessment orders

  • In Favour of Revenue
  • Citation Number : TS-338-HC-2019(MAD)
  • Tax Payer : V.Srinivasan

ITAT:Confirms penalty for failure to disclose 'interest on refunds'; Non-reflection in Form 26AS irrelevant

  • In Favour of Revenue
  • Citation Number : TS-337-ITAT-2019(ASR)
  • Tax Payer : Neeraj Kumar

ITAT:Referral fees paid to US concern, not taxable under Act or DTAA

  • In Favour of Both, Partially
  • Citation Number : TS-336-ITAT-2019(Mum)
  • Tax Payer : Knight Frank (India) Pvt. Ltd

ITAT:No provision in IT-Act to round-off share valuation to next rupee u/s Sec 56(2)(viib)

  • In Favour of Revenue
  • Citation Number : TS-335-ITAT-2019(Kol)
  • Tax Payer : Shresth Dealers Pvt. Ltd

HC:TDS not applicable on service-tax component of insurance commission payment to agents

  • In Favour of Assessee
  • Citation Number : TS-334-HC-2019(BOM)
  • Tax Payer : Reliance Life Insurance Co. Ltd