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Landmark Rulings

All landmark rulings

21,334 rulings

  1. Direct Tax ·Bombay High Court · 09 Sep 2024
    Bombay High Court Quashes Tax Proceedings Against Assessee Post-Approval of Resolution Plan Under IBC, Citing Extinction of Pre-CIRP Dues

    Uttam Value Steels Ltd Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34493 (HC-BOMBAY)

  2. Direct Tax ·ITAT Delhi · 09 Sep 2024
    Delhi ITAT Rules in Favor of Tyco Electronics: Singapore-Based Assessee Entitled to India-Singapore DTAA Benefits on Long-Term Capital Gains

    Tyco Electronics Singapore Pvt Limited

    (2024) TaxCorp(LJ) 34492 (ITAT-DELHI)

  3. Direct Tax ·Supreme Court · 07 Sep 2024
    Supreme Court Allows Open Court Hearing for Review Petition in Ericsson Case

    ERICSSON A.B. Vs Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34491 (SC)

  4. Direct Tax ·ITAT Ahmedabad · 07 Sep 2024
    Ahmedabad ITAT Upholds Revisionary Order Under Section 263, Holds Assessment Erroneous for Allowing Exemption Under Section 11 Despite Evidence of Fund Misappropriation

    Shri Shamlaji Aarogya Seva Trust Vs The Pr. CIT (Central)

    (2024) TaxCorp(LJ) 34490 (ITAT-AHMEDABAD) · Section 11

  5. Direct Tax ·ITAT Mumbai · 07 Sep 2024
    Mumbai ITAT Grants Deduction for Brokerage Expenses Under Section 57(iii) in Investment Recovery Case

    Deepak N Sippy Vs ACIT

    (2024) TaxCorp(LJ) 34489 (ITAT-MUMBAI) · Section 57

  6. Direct Tax ·ITAT Mumbai · 07 Sep 2024
    Mumbai ITAT Special Bench Rules That Clause (b) of Section 115JB(2) Does Not Apply to 'Corresponding New Banks'

    Union Bank of India Vs DCIT

    (2024) TaxCorp(LJ) 34488 (ITAT-MUMBAI) · Section 115JB

  7. Direct Tax ·ITAT Ahmedabad · 07 Sep 2024
    Interest Income Eligible for Set-Off Against Maintenance Expenditure - Ahmedabad ITAT Ruling

    The Venus Parkland Co-Op. Housing Service Society Ltd Vs The Income Tax Officer

    (2024) TaxCorp(LJ) 34487 (ITAT-AHMEDABAD) · Section 57

  8. Direct Tax ·ITAT Mumbai · 07 Sep 2024
    No Penalty Imposed as Revenue's Rejection of Assessee’s Contentions Insufficient for Penalty Levy

    Piramal Enterprises Ltd Vs Asst.CIT-8(2)(1)

    (2024) TaxCorp(LJ) 34486 (ITAT-MUMBAI)

  9. Direct Tax ·Madras High Court · 07 Sep 2024
    Madras High Court Upholds Jurisdictional Transfer for Tax Assessment Based on Seized Incriminating Evidence

    Suvali Real Properties LLP Vs The Principal Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34485 (HC-MADRAS)

  10. Direct Tax ·ITAT Chennai · 19 Nov 2024
    Chennai ITAT Allows Assessee’s Appeal, Holds Provision for Expected Losses as Allowable Deduction Under Indian Tax Laws

    International Seaport Dredging Private Limited Vs DCIT

    (2024) TaxCorp(LJ) 34484 (ITAT-CHENNAI)

  11. Direct Tax ·ITAT Mumbai · 06 Sep 2024
    Mumbai ITAT Orders Reconsideration of Penalty Under BMA 2015, Citing Violation of Natural Justice Principles

    Arnab Mitra Vs DDIT/ADIT(INV)-3(1)

    (2024) TaxCorp(LJ) 34483 (ITAT-MUMBAI)

  12. Direct Tax ·ITAT Chennai · 05 Sep 2024
    Chennai ITAT Quashes Revision Order Under Section 263 for AY 2014-15, Holds It Bad in Law Due to Lack of Evidence on Erroneous and Prejudicial Nature

    Gaurav Dugar Vs The Principal Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34482 (ITAT-CHENNAI) · Section 263

  13. Direct Tax ·ITAT Delhi · 04 Sep 2024
    Delhi ITAT Rules Trademark Sale as Capital Gain, Allows Capital Loss Claim on Land Surrender

    Mawana Sugar Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34481 (ITAT-DELHI)

  14. Direct Tax ·Foreign · 06 Sep 2024
    UK-Based GE Financial Investments Wins Tax Dispute Over US Limited Partnership Structure

    GE Financial Investments Vs Foreign Court UK

    (2024) TaxCorp(LJ) 34480 (FOREIGN)

  15. Direct Tax ·Bombay High Court · 05 Sep 2024
    Bombay High Court Upholds Faceless Mechanism for Central and International Taxation Charges Under Section 148A

    Abhin Anilkumar Shah Vs ITO

    (2024) TaxCorp(LJ) 34479 (HC-BOMBAY)

  16. Direct Tax ·Jharkhand High Court · 05 Sep 2024
    Jharkhand High Court Remits Matter to ITAT for Fresh Order on Section 135 of Companies Act Applicability

    Mecon Limited Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34478 (HC-JHARKHAND) · Section 135

  17. Direct Tax ·Supreme Court · 04 Sep 2024
    SC Upholds Non-Retrospective Application of Section 80DD Amendments, Protects Disabled Persons' Interests

    Ravi Agrawal Vs Union of India

    (2024) TaxCorp(LJ) 34477 (SC) · Section 80DD

  18. Direct Tax ·P&H High Court · 04 Sep 2024
    Punjab & Haryana High Court Dismisses Assessee's Appeals: Seized Cash from Third Party Cannot Be Adjusted Against Tax Liability

    Kamla Mehta Vs Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34476 (HC-P&H)

  19. Direct Tax ·Supreme Court · 03 Sep 2024
    Supreme Court Upholds Orissa High Court Judgment: CIT's Direction Under Section 263 Held Beyond Jurisdiction

    Paradeep Phosphates Ltd Vs Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34475 (SC) · Section 263

  20. Direct Tax ·Gujarat High Court · 03 Sep 2024
    Gujarat High Court Rules in Favor of Assessee Permitting Condonation of Delay in Filing Form 10-IC for Reduced Tax Rate Under Section 115BAA

    V M Procon Pvt Ltd Vs Assistant Director of Income Tax & Anr

    (2024) TaxCorp(LJ) 34474 (HC-GUJARAT) · Section 115BAA

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