All landmark rulings

1. Direct Tax ·ITAT Delhi · 18 Jan 2024
   ITAT - Delhi ITAT Quashes Reassessment of Singaporean Entity Over Rs. 203 Cr NCD Redemption.

   BCP V Singapore FVCI Pte. Ltd Vs The ACIT

   (2024) TaxCorp(LJ) 33150 (ITAT-DELHI)

2. Direct Tax ·Delhi High Court · 18 Jan 2024
   Delhi High Court Validates Filing of Revised Form 10 During Reassessment Proceedings in Canara Bank Relief Welfare Society Case

   COMMISSIONER OF INCOME TAX vs CANARA BANK RELIEF AND WELFARE SOCIETY

   (2024) TaxCorp(LJ) 33149 (HC-DELHI) · Section 12A

3. Direct Tax ·Karnataka High Court · 17 Jan 2024
   Karnataka High Court Quashes Tax Evasion Prosecution, Cites Lack of Mens Rea in Revised ITR Filing

   Anurag Bagaria Vs The Income Tax Department By The Deputy Director Of Income Tax (Inv)

   (2024) TaxCorp(LJ) 33142 (HC-KARNATAKA)

4. Direct Tax ·Delhi High Court · 17 Jan 2024
   Delhi High Court Excludes Live Transmission Fees from Royalty, Affirms Fox & ESS's Position

   Fox Network Group Singapore Pte Ltd Vs The Commissioner Of Income Tax

   (2024) TaxCorp(LJ) 33141 (HC-DELHI)

5. Direct Tax ·Delhi High Court · 17 Jan 2024
   Delhi High Court Upholds ITAT's Ruling on Mutual Fund Redemption as Capital Gains, Not Business Income

   Wig Investment Vs Pr.Commissionerofincometax-18

   (2024) TaxCorp(LJ) 33139 (HC-DELHI)

6. Direct Tax ·ITAT Visakhapatnam · 17 Jan 2024
   Visakhapatnam Tribunal Clarifies Capital Gain Computation: Adopts Agreement Date Value over Sale Deed Date under Section 50C

   NAGESWARA RAO VISWANADHA VERSUS THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-3 (1), VISAKHAPATNAM.

   (2024) TaxCorp(LJ) 33138 (ITAT-VISAKHAPATNAM) · https://taxcorp.in/FileOpenDT.aspx?ID=109752&Category=ITAT&CategoryType=Zip

7. Direct Tax ·ITAT Delhi · 17 Jan 2024
   Delhi Tribunal Rules Out Additions in Absence of Incriminating Material in Section 153A Assessments

   DCIT CIRCLE – 20, DELHI VERSUS SUMIT MITTAL, DELHI

   (2024) TaxCorp(LJ) 33136 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=109758&Category=ITAT&CategoryType=Zip

8. Direct Tax ·Delhi High Court · 16 Jan 2024
   Delhi High Court Quashes Reassessment Proceedings for Lack of Proper Sanction under Section 151(ii)

   TWYLIGHT Infrastructure Pvt Ltd Vs Income Tax Officer

   (2024) TaxCorp(LJ) 33133 (HC-DELHI) · Section 51(ii)

9. Direct Tax ·Bombay High Court · 16 Jan 2024
   Bombay High Court Quashes Section 148 Notice for AY 2013-14, Cites Expiration of Limitation Period Post-Ashish Agarwal

   The New India Assurance Company Limited Vs Assistant Commissioner of Income Tax

   (2024) TaxCorp(LJ) 33132 (HC-BOMBAY) · Section 148

10. Direct Tax ·Madras High Court · 13 Jan 2024
    Madras High Court Upholds Section 194N, Affirms Commitment to Curb Parallel Cash Economy

    Madurai District Central Cooperative Bank Ltd Vs Union of India

    (2024) TaxCorp(LJ) 33125 (HC-MADRAS) · Section 194N

11. Direct Tax ·Foreign · 12 Jan 2024
    SC - Polish Supreme Court Rules Loan-Related Fees as 'Interest' Under Article 11 of Poland-Slovakia DTAA.

    Anonymous Vs Foreign Court Poland

    (2024) TaxCorp(LJ) 33124 (FOREIGN)

12. Direct Tax ·ITAT Mumbai · 13 Jan 2024
    ITAT - Mumbai ITAT Deletes Rs. 3,267 Crore Addition for Russian Entity's Offshore Supply Contracts in Nuclear Power Plant Development.

    Atomstroyexport Vs DCIT

    (2024) TaxCorp(LJ) 33123 (ITAT-MUMBAI)

13. Direct Tax ·ITAT Chennai · 13 Jan 2024
    ITAT - ITAT Chennai Overturns Addition Under Sec. 69B for Stock Valuation Discrepancy, Upholds Business Income Classification.

    Ethiraj Hotel Mart Vs The DCIT

    (2024) TaxCorp(LJ) 33122 (ITAT-CHENNAI) · Section 69B

14. Direct Tax ·ITAT Kolkata · 13 Jan 2024
    ITAT - SC's AUDA Judgment Clarifies Charitable Status for Trade Promotion Activities; ITAT Kolkata Upholds Exemption Under Section 11.

    Indian Chamber of Commerce Vs DCIT

    (2024) TaxCorp(LJ) 33121 (ITAT-KOLKATA) · Section 2(15)

15. Direct Tax ·Supreme Court · 12 Jan 2024
    SC - Supreme Court Affirms Taxation on Clubs' Interest Income: Dismisses Madras Gymkhana's Review Petitions.

    Madras Gymkhana Club Vs THE DEPUTY COMMISSIONER OF INCOME TAX

    (2024) TaxCorp(LJ) 33120 (SC)

16. Direct Tax ·Delhi High Court · 06 Jan 2024
    HC - Delhi HC Dismisses Revenue's Appeal Challenging Assessee's Eligibility for Section 80-IC Deduction.

    Nirja Publishers & Printers Pvt. Ltd Vs THE PR. COMMISSIONER OF INCOME TAX -6

    (2024) TaxCorp(LJ) 33119 (HC-DELHI)

17. Direct Tax ·ITAT Mumbai · 12 Jan 2024
    ITAT - ITAT Upholds Sec. 11 Exemption for Deemed University, Dismisses Capitation Fee Additions Due to Lack of Corroboration.

    Padmashree Dr. D.Y. Patil University Vs DCIT

    (2024) TaxCorp(LJ) 33118 (ITAT-MUMBAI) · Section 11

18. Direct Tax ·ITAT Indore · 12 Jan 2024
    Indore Tribunal Grants Charitable Trust's Application for Section 12AB and 80G Registration

    DIVYA SADHANA CHARITABLE TRUST VERSUS CIT (EXEMPTION) , CIRCLE BHOPAL

    (2024) TaxCorp(LJ) 33116 (ITAT-INDORE) · https://taxcorp.in/FileOpenDT.aspx?ID=109690&Category=ITAT&CategoryType=Zip

19. Direct Tax ·ITAT Delhi · 12 Jan 2024
    Delhi ITAT Clarifies LTCG Computation on Unlisted Shares, Sets Precedent for Future Tax Calculations

    BITO-LAGERTECHNIK BITTMANN GMBH VERSUS ACIT, CIRCLE-1 (1) (2) , INTL. TAXATION, NEW DELHI

    (2024) TaxCorp(LJ) 33115 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=109691&Category=ITAT&CategoryType=Zip

20. Direct Tax ·ITAT Delhi · 12 Jan 2024
    Delhi ITAT Clarifies Royalty Income Taxation under India-Singapore DTAA

    AAPC SINGAPORE PTE. LTD. VERSUS ACIT, CIRCLE-1 (1) (1) , INT. TAXATION, DELHI

    (2024) TaxCorp(LJ) 33113 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=109697&Category=ITAT&CategoryType=Zip

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