Rulings ( 15481 results )

HC:Compensation for delayed shares tendering under open offer - capital receipt, not interest

  • In Favour of Assessee
  • Citation Number : TS-153-HC-2019(BOM)
  • Tax Payer : Morgan Stanley Mauritius Company Ltd

HC: Grants Sec. 10(23C) exemption to Tata Institute applying subsequently inserted definition of 'substantially financed'

  • In Favour of Assessee
  • Citation Number : TS-152-HC-2019(BOM)
  • Tax Payer : Tata Institute of Social Science

HC:ITAT's recording of concession, a 'damp squib' sans assessee's affidavit; Expresses anguish

  • In Favour of Assessee
  • Citation Number : TS-151-HC-2019(MAD)
  • Tax Payer : Shri.V.Ramesh

ITAT:Denies Sec.10B benefit on Pharma R&D activities absent specific DC approval

  • In Favour of Revenue
  • Citation Number : TS-150-ITAT-2019(Bang)
  • Tax Payer : Apotex Pharmachem India P. Ltd

SC:AO's power to suo moto extend special audit time-limit, applicable retrospectively

  • In Favour of Revenue
  • Citation Number : TS-149-SC-2019
  • Tax Payer : Ram Kishan Dass

HC:Denies credit of advance-tax, self-assessment tax under IDS; Disagrees with Delhi HC

  • In Favour of Revenue
  • Citation Number : TS-148-HC-2019(BOM)
  • Tax Payer : Umesh D. Ganore

HC:Dharma Productions absolved from 'KAAL' horror; Allows advertisement expenditure incurred post-production u/s.37

  • In Favour of Assessee
  • Citation Number : TS-147-HC-2019(BOM)
  • Tax Payer : Dharma Productions Pvt Ltd

ITAT:Rules TDS deduction liability ceases on receipt of PAN u/s.194C(6), sec.194C(7) compliance irrelevant

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2019(JPR)
  • Tax Payer : Arihant Trading Co

HC:Allows Sec. 10A benefit to TCS despite Sec. 80HHE deduction claimed in earlier years

  • In Favour of Assessee
  • Citation Number : TS-145-HC-2019(BOM)
  • Tax Payer : Tata Consultancy Services

ITAT:Upholds Sec.263-order; Cites AO's non-examination of sale consideration through Sec. 50C lens

  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2019(Ahd)
  • Tax Payer : Babulal S Solanki

HC:Deeming fiction u/s. 50C applicable while computing capital gains exemption u/s. 54EC

  • In Favour of Revenue
  • Citation Number : TS-143-HC-2019(BOM)
  • Tax Payer : Jagdish C. Dhabalia

SC:Upholds HC-order allowing interest deduction u/s.36(1)(iii) to RIL for funds given to subsidiaries

  • In Favour of Both, Partially
  • Citation Number : TS-141-SC-2019
  • Tax Payer : Reliance Industries Ltd

ITAT:Providing concessional housing to economically weaker sections qualifies as 'relief of poor'; Allows exemption u/s. 11

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2019(Bang)
  • Tax Payer : Bangalore Development Authority

HC:JDA transfer triggers when approvals received, not when license granted to developer

  • In Favour of Assessee
  • Citation Number : TS-139-HC-2019(MAD)
  • Tax Payer : Shri.R.J.V.Kaiwar

HC:Allows interest recognition under hire-purchase on EMI basis

  • In Favour of Assessee
  • Citation Number : TS-138-HC-2019(MAD)
  • Tax Payer : Sundaram Finance Limited

ITAT:Allows future development expenses in respect of completed projects to real estate developer

  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2019(Kol)
  • Tax Payer : Ashiana Housing Limited

ITAT:Co-owned property 'let-out' to mother, an 'eyewash' to escape interest restriction u/s. 24 for SOP

  • In Favour of Revenue
  • Citation Number : TS-136-ITAT-2019(Ahd)
  • Tax Payer : Shri Hitesh H Budhbhatti

HC: Builder's compensation payment to prospective buyers for surrender of allotted commercial spaces, deductible

  • In Favour of Assessee
  • Citation Number : TS-135-HC-2019(DEL)
  • Tax Payer : GOPAL DAS ESTATES & HOUSING PVT.LTD

HC:'A-political', 'A-religious' Income-tax law prevails over Christian 'Canon' law vis-a-vis taxation of missionaries

  • In Favour of Both, Partially
  • Citation Number : TS-134-HC-2019(MAD)
  • Tax Payer : The Society of Mary Immaculate (Tamil Nadu)

HC:Deletes capitation-fees addition in hands of assessee-parent; Cracks whip on engineering college

  • In Favour of Assessee
  • Citation Number : TS-133-HC-2019(MAD)
  • Tax Payer : Shri R.Bhoopathy