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Rulings ( 15488 results )
Income tax Appellate Tribunal
ITAT:Treats income disguised as sales as 'undisclosed'; Terms assessee a 'conduit/ shell'
- In Favour of Revenue
- Citation Number : TS-579-ITAT-2017(DEL)
- Tax Payer : Ganpati Hydro Power Pvt. Ltd
Income tax Appellate Tribunal
ITAT:UK-parent's guarantee-fee income from Indian subsidiaries taxable as 'other income', not 'interest'
- In Favour of Revenue
- Citation Number : TS-578-ITAT-2017(DEL)
- Tax Payer : Johnson Matthey Public Ltd. Company
High Court
HC:Upholds SB ratio; Unutilized MODVAT credit at year-end not deductible u/s 43B
- In Favour of Revenue
- Citation Number : TS-577-HC-2017(DEL)
- Tax Payer : MARUTI UDYOG LTD
High Court
HC:Communicating reasons to assessee not necessary for case transfer within same city
- In Favour of Revenue
- Citation Number : TS-576-HC-2017(MAD)
- Tax Payer : Advantage Strategic Consulting Private Limited,
Income tax Appellate Tribunal
ITAT:Grants UAE treaty benefit, holds LOB inapplicable; Accepts CIT(A)'s POEM observations
- In Favour of Assessee
- Citation Number : TS-575-ITAT-2017(Rjt)
- Tax Payer : Martrade Gulf Logistics FZCO-UAE
Income tax Appellate Tribunal
ITAT:Parting with profit-share under MOU not 'diversion by overriding title', upholds taxability
- In Favour of Revenue
- Citation Number : TS-574-ITAT-2017(HYD)
- Tax Payer : Kamineni Builders
Income tax Appellate Tribunal
ITAT:Deletes protective addition on shareholder-assessee considering substantive addition on overseas-companies
- In Favour of Assessee
- Citation Number : TS-573-ITAT-2017(DEL)
- Tax Payer : Smt. Mala Kalsi
Income tax Appellate Tribunal
ITAT:Delivers mixed bag for Analjit Singh on Rs. 1000+ cr capital-gains addition vis-à-vis Vodafone call/put options
- In Favour of Revenue
- Citation Number : TS-572-ITAT-2017(DEL)
- Tax Payer : Shri Analjit Singh
Supreme Court
SC:Reverses HC; Mandates 'SSI eligibility condition' compliance for entire tax-holiday period
- In Favour of Revenue
- Citation Number : TS-571-SC-2017
- Tax Payer : ACE MULTI AXES SYSTEMS LTD
High Court
HC:New units undertaking substantial expansion entitled to 100 deduction u/s Sec. 80IC
- In Favour of Assessee
- Citation Number : TS-570-HC-2017(HP)
- Tax Payer : Stovekraft India
Income tax Appellate Tribunal
ITAT:Third party reimbursements routed through parent not taxable absent rendering of services
- In Favour of Assessee
- Citation Number : TS-569-ITAT-2017(Kol)
- Tax Payer : The Timken Company
Income tax Appellate Tribunal
ITAT:Upholds penalty, distinguishes jurisdictional HC on non-striking inappropriate portion in pre-printed notice u/s. 274
- In Favour of Revenue
- Citation Number : TS-568-ITAT-2017(HYD)
- Tax Payer : Jyothirmoy Yamsani
High Court
HC:No addition u/s 68 in the first year of business; Distinguishes Kapur Brothers
- In Favour of Revenue
- Citation Number : TS-567-HC-2017(ALL)
- Tax Payer : Lal Mohar And Others
Income tax Appellate Tribunal
ITAT:Interest earned on FDs, inextricably linked with the project, capital receipt, not IFOS
- In Favour of Assessee
- Citation Number : TS-566-ITAT-2017(Mum)
- Tax Payer : Kamat Hotels (India) Limited
Income tax Appellate Tribunal
ITAT:Rejects revision of reassessment order on issue not raised in reopening reasons
- In Favour of Assessee
- Citation Number : TS-565-ITAT-2017(DEL)
- Tax Payer : Prosperous Buildcon Pvt. Ltd
High Court
HC:Allows additional depreciation u/s 32(1)(iia) on machinery used for production of ready mix concrete
- In Favour of Assessee
- Citation Number : TS-564-HC-2017(MAD)
- Tax Payer : Chettinad Builders P Ltd
Income tax Appellate Tribunal
ITAT:Deletes penalty levied in absence of specific charge in standard - printed notice issued u/s 274 r.w.s. 271(1)(c)
- In Favour of Assessee
- Citation Number : TS-563-ITAT-2017(Mum)
- Tax Payer : Orbit Enterprises
High Court
HC:Denies adjustment upto Rs.20,000 threshold u/s 269SS for 'cash' loan, upholds penalty
- In Favour of Assessee
- Citation Number : TS-562-HC-2017(ALL)
- Tax Payer : Khairati Lal Fakir Chand
Income tax Appellate Tribunal
ITAT:Holds 'Tax' effect for maintainability of appeal as exclusive of education cess
- In Favour of Assessee
- Citation Number : TS-561-ITAT-2017(Mum)
- Tax Payer : Anvil Share and Stock Broking Pvt Ltd
Income tax Appellate Tribunal
ITAT:Deletes disallowance u/s 40(a)(ia) for payment under cost sharing agreement; Upholds reimbursement plea
- In Favour of Assessee
- Citation Number : TS-560-ITAT-2017(Mum)
- Tax Payer : Pfizer Products India Private Limited