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Foreign reinsurance company earning reinsurance premium from the Indian concerns is not liable for tax in India.
Tata AIG General Insurance Company Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28948 (ITAT-MUMBAI) · Section 32
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Even if in a case where the registration application under Section 12AA is not decided within six months, there shall not be any deemed registration.
Harshit Foundation Sehmalpur Jalalpur Jaunpur Vs COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28942 (SC) · Section 12AA
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There is no TDS liability under Section 195 in the present case.
Toyota Boshoku Automotive India Pvt. Ltd Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28935 (ITAT-BANGALORE) · Section 195
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Revenue is directed that any amounts collected pursuant to HC ruling shall be refunded in accordance with law within two months.
M Pranuthi Vs COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28934 (SC)
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Power of the authority is hedged under Section 127(1) by two requirements that such order can be passed only after giving an assessee a reasonable opportunity of being heard and on recording reasons for doing so.
Kamlesh Rajnikant Shah Vs PRINCIPAL COMMISSIONER OF INCOME TAX 3
(2022) TaxCorp(LJ) 28928 (HC-GUJARAT)
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The mandatory conditions specified in Section 148A have not been complied with before issuance of impugned notice and thus impugned notice is invalid and liable to be struck down.
Mohammed Mustafa Vs THE INCOME TAX OFFICER
(2022) TaxCorp(LJ) 28927 (HC-KARNATKATA)
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Gross income received by the Assessee during the year is not hypothetical income.
Mineral Foundation of Goa Vs Asstt. Commissioner of Income Tax
(2022) TaxCorp(LJ) 28926 (ITAT-PATNA) · Section 11(1)(a)
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The cloud hosting services is not taxable as royalty or FTS under Article 12 of the India-US DTAA.
M/s. MOL Corporation Vs DCIT
(2022) TaxCorp(LJ) 28925 (ITAT-DELHI)
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The reopening to be unsustainable since there lies no adversarial position with the Assessee.
Abhinandan Exports Vs Income Tax Oficer
(2022) TaxCorp(LJ) 28924 (HC-BOMBAY)
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The Assessee was required to pay the demand within 30 days from the date of the service of the notice failing which he was asked to pay simple interest at 1.5% p.a. under Section 220(2).
Ravikumar Dhandhania Vs Income Tax Officer
(2022) TaxCorp(LJ) 28923 (HC-MADRAS)
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The percentage of freight expenses and diesel, petrol and oil expenses in cash in comparison to freight income is minuscule.
M/s.Bhushan Logistics Pvt. Ltd. Vs Income Tax Officer
(2022) TaxCorp(LJ) 28922 (ITAT-MUMBAI)
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Not all kinds of payments towards all kind of information can be construed as Royalty and to determine the exact nature of the payment, the type of information passed on, needs to be verified.
EduNxt Global SDN BHD Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28921 (ITAT-BANGALORE)
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If there is no business receipt during the year, assessee should wind up the infrastructure and start all over again when the business receipts start following.
Cineyug Vs DCIT
(2022) TaxCorp(LJ) 28920 (ITAT-MUMBAI)
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There is no question of any excessive or inordinate delay when the reason stated by the Assessee was a reasonable cause for not filing the appeals.
Suhas Suresh Shet Vs Income Tax Officer
(2022) TaxCorp(LJ) 28919 (ITAT-BANGALORE)
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Advance to contractor for execution of work for the purpose of business, if become irrecoverable is capital in nature.
Rudradev Aviation Pvt. Ltd Vs The ACIT
(2022) TaxCorp(LJ) 28918 (ITAT-CHENNAI)
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Where a partnership firm revalues its intangibles, eligible for depreciation prior to succession into a company, the company is entitled to depreciation on such assets at the revalued figures.
Sogefi MNR Filtration India Private Limited Vs DCIT
(2022) TaxCorp(LJ) 28917 (ITAT-BANGALORE)
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The onus to establish what were the agreed terms and conditions of services which were provided the term of execution of the project was on the Assessee, and that the Assessee failed to establish the same.
Wuhan Research Institute of Post and Telecommunication India Vs ADIT
(2022) TaxCorp(LJ) 28916 (ITAT-DELHI)
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Possession given to the develop cannot be regarded as delivery of possession in part performance of Agreement for Sale as contemplated under Section 53A of TPA.
Sri Sai Lakshmi Industries Pvt. Ltd Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28911 (ITAT-BANGALORE)
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Interest on loan/advances were brought to tax with reference to the value of transaction, therefore no prima facie reason arose to refer the loan transaction to TPO.
Bharat Fritz Werner Ltd Vs DEPUTY COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28910 (HC-KARNATKATA)
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Courts should attach considerable importance to the time frame provided under Sections 132A and 132B reof the Act when it comes to a question of retention of books of accounts or of seized assets and the time limit should not be considered as merely directory.
Ashish Jayantilal Sanghavi Vs INCOME TAX OFFICER
(2022) TaxCorp(LJ) 28909 (HC-GUJARAT) · Section 132B
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