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Landmark Rulings

All landmark rulings

21,339 rulings

  1. Direct Tax ·ITAT Ahmedabad · 11 May 2024
    ITAT - Ahmedabad ITAT Allows Banks' Loss on Sale of Government Securities as Business Loss, Rejects Revenue's Disallowance

    Kankaria Maninagar Nagarik Sahakari Bank Ltd Vs Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 33876 (ITAT-AHMEDABAD)

  2. Direct Tax ·ITAT Delhi · 11 May 2024
    Delhi ITAT Holds Loss on Forward Contracts & Forward Premium Account Non-Speculative, Dismisses Revenue's Appeal

    J. K. Techno soft Ltd Vs DCIT

    (2024) TaxCorp(LJ) 33875 (ITAT-DELHI)

  3. Direct Tax ·ITAT Mumbai · 11 May 2024
    Mumbai ITAT Deletes Penalty Under Section 271(1)(c) in Absence of Specific Charge, Rejects Assessment Finality Plea

    Michael Page International Recruitment Pvt. Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 33874 (ITAT-MUMBAI) · Section 271(1)(c)

  4. Direct Tax ·ITAT Mumbai · 11 May 2024
    Mumbai ITAT Deletes Section 68 Addition as Unjustified Basis Director's Statement Retracted Subsequently

    Arjun Manoj Purohit Vs ITO

    (2024) TaxCorp(LJ) 33873 (ITAT-MUMBAI) · Section 68

  5. Direct Tax ·Bombay High Court · 10 May 2024
    HC - Bombay High Court Quashes Search Proceedings Due to Pretentious and Unrelated Reasons in Satisfaction Note, Allows Use of Unearthed Information

    Echjay Industries Pvt Ltd Vs Director of Income Tax-II

    (2024) TaxCorp(LJ) 33872 (HC-BOMBAY)

  6. Direct Tax ·Allahabad High Court · 10 May 2024
    HC - Allahabad High Court: Penalty Cannot Be Imposed Based on Protective Assessment Until Appeal is Decided

    Neelam Dubey Vs Union Of India

    (2024) TaxCorp(LJ) 33871 (HC-ALLAHABAD)

  7. Direct Tax ·ITAT Mumbai · 10 May 2024
    ITAT- Mumbai ITAT Rules on TDS Applicability for Transactions between SBI and NBFCs Regarding Loan Assignment

    State Bank of India Vs DCIT(TDS)

    (2024) TaxCorp(LJ) 33870 (ITAT-MUMBAI)

  8. Direct Tax ·ITAT Delhi · 10 May 2024
    ITAT - Delhi ITAT Directs AO to Verify Donations and Grant Deduction Under Section 80G/80GGA Read with Section 35AC.

    DAL TRUST VERSUS ITO WARD-50 (1) NEW DELHI

    (2024) TaxCorp(LJ) 33869 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=111480&Category=ITAT&CategoryType=Zip

  9. Direct Tax ·ITAT Visakhapatnam · 10 May 2024
    ITAT - Visakhapatnam ITAT Holds Assessee Entitled to Exemption Under Section 10(23C)(iiiad) as Gross Receipts Did Not Exceed Rs. 1 Crore.

    MUDDADA LAKSHMI RAGHUPATHINAIDU EDUCATIONAL SOCIETY VERSUS INCOME TAX OFFICER EXEMPTION WARD VISAKHAPATNAM

    (2024) TaxCorp(LJ) 33868 (ITAT-VISAKHAPATNAM) · https://taxcorp.in/FileOpenDT.aspx?ID=111481&Category=ITAT&CategoryType=Zip

  10. Direct Tax ·Bombay High Court · 09 May 2024
    HC - Bombay High Court Upholds Denial of Section 80-O Deduction Despite CCIT Approval Due to Unfulfilled Conditions.

    Hindustan Export & Import Corporation Private Limited Vs The Deputy Commissioner of Income-tax

    (2024) TaxCorp(LJ) 33863 (HC-BOMBAY) · Section 80-O

  11. Direct Tax ·Delhi High Court · 09 May 2024
    HC - Delhi High Court Rules on Inter-FY TDS Adjustment in Challenge Against Denial of Nil TDS Certificate.

    Aecom Intercontinental Holdings Uk Ltd Vs Income-Tax Officer

    (2024) TaxCorp(LJ) 33862 (HC-DELHI)

  12. Direct Tax ·Delhi High Court · 09 May 2024
    HC - Delhi High Court Upholds Case Transfer Under Section 127 for 'Administrative Convenience' and 'Coordinated Investigation'.

    Dollar Gulati Vs PRINCIPAL COMMISSIONER OF INCOME TAX & ORS.

    (2024) TaxCorp(LJ) 33861 (HC-DELHI)

  13. Direct Tax ·ITAT Bangalore · 09 May 2024
    ITAT - Bangalore ITAT Cancels Penalty Under Section 271(1)(c) Due to Defective Notice Under Section 274.

    SHRI ANAND, BANGALORE VERSUS ITO WARD 3 (2) (4) BANGALORE

    (2024) TaxCorp(LJ) 33860 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=111449&Category=ITAT&CategoryType=Zip

  14. Direct Tax ·Supreme Court · 08 May 2024
    SC - Supreme Court Upholds Constitutional Validity of 'Perquisite' Provision, Rules Delegated Powers to CBDT Not Excessive.

    All India Bank Officers' Confederation Vs E REGIONAL MANAGER, CENTRAL BANK OF INDIA, AND OTHERS

    (2024) TaxCorp(LJ) 33854 (SC)

  15. Direct Tax ·Bombay High Court · 08 May 2024
    HC - Bombay High Court Condones Delay in Filing Revised ITR Based on NCLT-Ordered Recast of Accounts, Finds CBDT's Rejection Unreasonable.

    CG Power And Industrial Solutions Ltd Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 33853 (HC-BOMBAY)

  16. Direct Tax ·Bombay High Court · 08 May 2024
    HC - Bombay High Court Quashes Reassessment Notice, Holds Gift of Shares Not Liable for Capital Gains Tax

    Jai Trust Vs The Union of India

    (2024) TaxCorp(LJ) 33852 (HC-BOMBAY)

  17. Direct Tax ·Supreme Court · 07 May 2024
    Federation of All India Vyapar Mandal Withdraws Writ Petition Challenging Constitutional Validity of Section 43B(h) with Liberty to Approach High Court

    Federation Of All India Vyapar Mandal Vs UNION OF INDIA & ORS.

    (2024) TaxCorp(LJ) 33851 (SC) · Section 43B(h)

  18. Direct Tax ·Bombay High Court · 07 May 2024
    HC - Bombay High Court Quashes Assessment Order Over Disparity in Show Cause Notice and Final Order, Holds SCN Not an 'Empty Formality'

    Vivek Jaisingh Asher Vs Income Tax Officer

    (2024) TaxCorp(LJ) 33850 (HC-BOMBAY)

  19. Direct Tax ·Delhi High Court · 07 May 2024
    Delhi HC Sets Aside Assessment Order, Directs AO to Reconsider Case After Providing Reasonable Opportunity for Hearing

    Global Vectra Helicorp Limited Vs ASSESSMENT UNIT, NATIONAL FACELESS ASSESSMENT

    (2024) TaxCorp(LJ) 33849 (HC-DELHI)

  20. Direct Tax ·ITAT Amritsar · 07 May 2024
    ITAT - Amritsar ITAT Holds Reassessment Proceedings Invalid Due to Non-Issuance of Statutory Notice Under Section 143(2).

    ASHISH SHARMA VERSUS ITO, WARD 5 (1) , AMRITSAR.

    (2024) TaxCorp(LJ) 33847 (ITAT-AMRITSAR) · https://taxcorp.in/FileOpenDT.aspx?ID=111435&Category=ITAT&CategoryType=Zip

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