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Income tax Appellate Tribunal
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ITAT: Tax on notional rent for stock-in-trade prospective; Allows vacancy allowance
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-270-ITAT-2024(Mum)
- Tax Payer : Mack Star Marketing Private Limited
Income tax Appellate Tribunal
ITAT: Rejects ‘secret process’ plea for taxability of IUC charges as royalty
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2024(Bang)
- Tax Payer : KDDI Corporation
Income tax Appellate Tribunal
ITAT: Penalty order for ‘misreporting’ of income unjustified when notice is for ‘under-reporting’
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-260-ITAT-2024(HYD)
- Tax Payer : Mohd. Sarwar
Income tax Appellate Tribunal
ITAT: Section 80G renewal application filed by existing trust within Sept 30, 2023 is within time
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2024(CHNY)
- Tax Payer : Teddy Trust
High Court
HC: ITSC’s jurisdiction ousted sans fulfilment of full and true disclosure test
Apr 20, 2024
- In Favour of Revenue
- Citation Number : TS-255-HC-2024(DEL)
- Tax Payer : Pankaj Buildwell Ltd
High Court
HC: Purchases’ disallowance unjustified sans proof of bogus purchases & rejection of sales
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-269-HC-2024(BOM)
- Tax Payer : Max Flex and Imaging Systems Ltd
High Court
HC: Curtains are down for claims pertaining to pre-resolution plan approval period, once approved
Apr 20, 2024
- In Favour of Assessee
- Citation Number : TS-268-HC-2024(DEL)
- Tax Payer : M Tech Developers Pvt. Ltd
Foreign Court
FC: Swiss Court holds document title not decisive of 'unauthorized spontaneous exchange of information’
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-836-FC-2023(SWTZ)
- Tax Payer : A
Income tax Appellate Tribunal
ITAT: Receipts from licensing 'object code version' of proprietary software not royalty
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-265-ITAT-2024(DEL)
- Tax Payer : Saxo Bank A/S
High Court
HC: Rejects tax-withholding higher than prior years' since finding on profit attribution left unquestioned
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-263-HC-2024(DEL)
- Tax Payer : GE Energy Parts Inc
Income tax Appellate Tribunal
ITAT: Rule 11UA amendment providing 10% safe-harbour ‘curative’, applies retrospectively; Deletes angel tax addition
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-264-ITAT-2024(DEL)
- Tax Payer : Sakshi Fincap Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Dislodging expenditure's veracity Revenue's onus once Assessee substantiate's claim; Rejects disallowance
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2024(Ahd)
- Tax Payer : Heubach Colour Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Unexplained cash attracts 69A & Sec. 115BBE de hors Assessee's income disclosure & categorization
Apr 17, 2024
- In Favour of Revenue
- Citation Number : TS-259-ITAT-2024(COCH)
- Tax Payer : Uma Maheshwara Rao Chinni
Supreme Court
SC: Dismisses Assessee's review petition against Checkmate Services judgment due to delay
Apr 17, 2024
- In Favour of Revenue
- Citation Number : TS-258-SC-2024
- Tax Payer : Kerala State Warehousing Corporation
High Court
HC: Gujarat HC upholds search against lawyer; Rules on Attorney-Client privilege
Apr 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-257-HC-2024(GUJ)
- Tax Payer : Maulikkumar Satishbhai Sheth
High Court
HC: Sec.244A(1) interest payable on 'entire refund' as claim exceeds 10% of tax determined
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-256-HC-2024(BOM)
- Tax Payer : CEAT Limited
Income tax Appellate Tribunal
ITAT: Treaty benefit on salary allowable sans TRC, basis tax compliance in Australia
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-254-ITAT-2024(DEL)
- Tax Payer : Yogesh Kotiyal
Income tax Appellate Tribunal
ITAT: 16 years limitation not invocable sans income accrual in relation to assets abroad
Apr 16, 2024
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2024(Mum)
- Tax Payer : Jaspal Singh Sawhney
Income tax Appellate Tribunal
ITAT: Third Member expounds on scope & interplay of Sec.68 & Sec.69; Rejects alternative invocation
Apr 15, 2024
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2024(DEL)
- Tax Payer : JMK Exports
High Court
HC: Absent claim in approved resolution plan, quashes assessment & demand of preceding period
Apr 15, 2024
- In Favour of Assessee
- Citation Number : TS-245-HC-2024(GUJ)
- Tax Payer : Surya Exim Limited