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Landmark Rulings

All landmark rulings

21,334 rulings

  1. Direct Tax ·ITAT Chennai · 17 Aug 2024
    Assessing Interest Income of Cottage Industry as Entitled for Section 80P(2) Deductions

    Potheri Village Weaning Food Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34433 (ITAT-CHENNAI) · Section 80P(2)

  2. Direct Tax ·ITAT Visakhapatnam · 17 Aug 2024
    Vizag ITAT Rejects Hospital's Appeal, Upholds Disallowance of Advertisement Expenses Under IMC Regulations

    Chalasani Hospitals (P.) Ltd Vs Asst. Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34432 (ITAT-VISAKHAPATNAM)

  3. Direct Tax ·Delhi High Court · 19 Aug 2024
    Delhi High Court Quashes Reassessment Notice Under Section 148, Holds Revenue's View Erroneous

    Vedanta Limited Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34431 (HC-DELHI)

  4. Direct Tax ·Madras High Court · 19 Aug 2024
    Chennai High Court Dismisses Assessee’s Writ Petition, Upholds Validity of Notice Under Section 292BB Despite Infractions

    K P S Enterprises a partnership firm Vs Principal Commissioner of Income-tax

    (2024) TaxCorp(LJ) 34430 (HC-MADRAS) · Sections 148, 292BB

  5. Direct Tax ·P&H High Court · 19 Aug 2024
    Punjab & Haryana HC Quashes Notice Under Section 148, Upholds Statutory Provisions Over CBDT Circulars

    Jatinder Singh Bhangu Vs Union of India and others

    (2024) TaxCorp(LJ) 34429 (HC-P&H) · Section 148

  6. Direct Tax ·Delhi High Court · 16 Aug 2024
    Delhi High Court Quashes Reassessment Proceedings for AYs 2013-14 and 2014-15, Holds Digital Filing of Audit Report Not Fatal to Claim Deduction Under Section 80-IA(7)

    Shree Bhavani Power Projects Pvt. Ltd Vs INCOME TAX OFFICER

    (2024) TaxCorp(LJ) 34428 (HC-DELHI)

  7. Direct Tax ·Foreign · 16 Aug 2024
    French Subsidiary of BNP Paribas Wins Tax Dispute: Implications for Cross-Border Leasing Operations

    BNP Paribas (SA) Vs Foreign Court France

    (2024) TaxCorp(LJ) 34427 (FOREIGN)

  8. Direct Tax ·Delhi High Court · 14 Aug 2024
    Delhi High Court Overturns ITAT Order, Holds Face Value of Shares Under ESPS as FMV Due to Lock-in Stipulation

    Ravi Kumar Sinha Vs The Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34426 (HC-DELHI)

  9. Direct Tax ·Delhi High Court · 14 Aug 2024
    Delhi High Court Quashes Revenue Notices, Orders Refund of Excess Tax Paid by Assessee

    Ramesh Chawla (HUF) Vs INCOMETAX OFFICER

    (2024) TaxCorp(LJ) 34425 (HC-DELHI)

  10. Direct Tax ·Bombay High Court · 14 Aug 2024
    Bombay High Court Rejects Revenue's Plea for Larger Bench Reference in Shelf Drilling Controversy, Citing Pending SLPs Before Supreme Court

    PayPal Payments Vs Assistant Commissioner of Income Tax & Ors.

    (2024) TaxCorp(LJ) 34424 (HC-BOMBAY)

  11. Direct Tax ·Bombay High Court · 14 Aug 2024
    Bombay High Court Rules in Favor of Petitioner, Allowing Claim Under 'Vivad Se Vishwas I-Relief for MSMEs Scheme' Despite Reclassification as Non-MSME

    Marine Electricals India Ltd Vs Union of India and Anr.

    (2024) TaxCorp(LJ) 34423 (HC-BOMBAY)

  12. Direct Tax ·AP High Court · 14 Aug 2024
    Telangana High Court Upholds Assessee's Writ Petition, Declares Entire Assessment Proceedings Vitiated Due to Non-Compliance with Faceless Procedure Mandated by CBDT Notification.

    Venkataramana Reddy Patloola Vs Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34422 (HC-AP)

  13. Direct Tax ·Delhi High Court · 13 Aug 2024
    Delhi HC Quashes Reassessment Proceedings Against Assessee Over Mischaracterization of Interest Income on NCDs

    Genpact Luxembourg S.A.R.L. Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34421 (HC-DELHI)

  14. Direct Tax ·Karnataka High Court · 13 Aug 2024
    Karnataka High Court Upholds Settlement Commission's Decision, Rejects Revenue's Writ Petition

    Umah Agarwal Vs The Pr. Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34420 (HC-KARNATAKA)

  15. Direct Tax ·Delhi High Court · 13 Aug 2024
    Delhi HC Quashes Reassessment Notice Under Section 148 for AY 2019-20, Holds Subscription of Share Capital as Capital Account Transaction

    Tosca Master Vs The Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34419 (HC-DELHI)

  16. Direct Tax ·Madras High Court · 12 Aug 2024
    Madras HC Rules Compensation for Diminution in ESOP Value as Taxable Perquisite Under 'Salaries'

    Nishithkumar Mukeshkumar Mehta Vs Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34418 (HC-MADRAS)

  17. Direct Tax ·ITAT Mumbai · 10 Aug 2024
    Mumbai ITAT Partly Allows Assessee’s Appeal, Sets Precedent on Section 14A Disallowance and Error Trade Losses

    Morgan Stanley India Company Ltd Vs ACIT-4(3)(2)

    (2024) TaxCorp(LJ) 34417 (ITAT-MUMBAI) · Section 14A

  18. Direct Tax ·ITAT Jaipur · 10 Aug 2024
    Jaipur ITAT Rules Penalty Proceedings Under Section 271(1)(c) Cannot Stand if Revised Return Income is Accepted During Reassessment

    Ajoy Sharma Vs DCIT

    (2024) TaxCorp(LJ) 34416 (ITAT-JAIPUR) · Section 271(1)(c)

  19. Direct Tax ·ITAT Bangalore · 10 Aug 2024
    Bangalore ITAT Allows Assessee’s Appeal, Deletes Addition of Rs. 186 Cr Under Section 56(2)(viib)

    Pisces EServices Pvt. Ltd Vs The Dy. Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34415 (ITAT-BANGALORE) · Section 56(2)(viib)

  20. Direct Tax ·ITAT Bangalore · 10 Aug 2024
    Bangalore ITAT Refuses to Condone 359-Day Delay in Filing Appeal, Dismisses Assessee’s Case

    ABS Fujitsu General Pvt. Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34414 (ITAT-BANGALORE)

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