All landmark rulings

21,519 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Delhi · 04 Mar 2022
The benefit provided under the third proviso to section 50C(1) of the Act, should be extended to the assessee, as, ultimately the value determined by the Stamp Valuation Authority has been substituted by DVO's valuation in terms of sub-section (3) of section 50C of the Act.
SMT. KRISHNA YADAV VERSUS INCOME TAX OFFICER, WARD-2 (3) GURGAON
(2022) TaxCorp(LJ) 28507 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95912&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 04 Mar 2022
There was no basis with the Ld. CIT(E) at all for arrive at his finding that the assessment order passed in the present case was in error by allowing the assessee exemption of 15% of its income from Government grants.
SOCIETY FOR DENTAL HEALTH EDUCATION & RESEARCH CIVIL HOSPITAL CAMPUS VERSUS ITO (E) WARD-2, AHMEDABAD
(2022) TaxCorp(LJ) 28506 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95913&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 04 Mar 2022
We find merit in the additional grounds challenging validity of assessment order passed by Addl.CIT without proper authorization.
TATA COMMUNICATIONS LTD. (FORMERLY VIDESH SANCHAR NIGAM LTD.) VERSUS ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE 1 (3) , MUMBAI AND THE DCIT -1 (3), MUMBAI
(2022) TaxCorp(LJ) 28505 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95914&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Amritsar · 04 Mar 2022
No notice u/s. 148 is to be issued by an AO unless the specified approving authority is satisfied, on the reasons recorded by the AO, that it is a fit case for the issue of such notice.
SH. HARJINDER SINGH VERSUS THE INCOME TAX OFFICER, WARD-2 (1) BATHINDA
(2022) TaxCorp(LJ) 28504 (ITAT-AMRITSAR) · https://taxcorp.in/FileOpenDT.aspx?ID=95900&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 03 Mar 2022
A pedantic interpretation to the book profit as mentioned in the Explanation would be an antithesis to the purpose, for which it was enacted by the legislature and would result in absurdity and contradictions.
Everest Kanto Cylinder Ltd Vs Asst. CIT (LTU)-2
(2022) TaxCorp(LJ) 28503 (ITAT-MUMBAI)
Direct Tax ·Bombay High Court · 03 Mar 2022
The notice for personal hearing should be given at least 7 days in advance.
Tata AIG General Insurance Company Ltd Vs Ad /Joint/Deputy/Asistant Commisioner of Income Tax/Income Tax Oficer & Ors.
(2022) TaxCorp(LJ) 28502 (HC-BOMBAY)
Direct Tax ·Karnataka High Court · 03 Mar 2022
The grounds made for conducting search under Section 132 cannot be said to be mala fide or arbitrary.
Durgappa Lakkanna Vs Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28501 (HC-KARNATAKA)
Direct Tax ·ITAT Hyderabad · 03 Mar 2022
Non-obstante clause is generally incorporated in a statute to give overriding effect to a particular section of the statute as a whole.
THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 16 (1). VERSUS M/S. LABZONE ELECTRONICS CITY PRIVATE LIMITED (FORMERLY KNOWN AS M/S. ALEXANDRIA LABSPACE ELECTRONICS CITY PRIVATE LIMITED)
(2022) TaxCorp(LJ) 28500 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95881&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 03 Mar 2022
Rate of tax provided in the tax treaty cannot be enhanced by including surcharge and education cess separately.
M/S. RENAISSANCE SERVICES BV C/O. BMR & ASSOCIATES LLP BMR HOUSE VERSUS DEPUTY DIRECTOR OF INCOME TAX, DEPUTY DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION) - 4 (1) (1)
(2022) TaxCorp(LJ) 28499 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95882&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Kolkata · 03 Mar 2022
Disallowance made by the AO is not sustainable and, therefore, we set aside the orders of the Ld. CIT(A) and allow the ground raised by assessee challenging the disallowance u/s 40A(3).
GOURI SHANKAR JAIN VERSUS CIT (A) , NATIONAL FACELESS APPEAL CENTRE (NFAC)
(2022) TaxCorp(LJ) 28498 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=95888&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 03 Mar 2022
Revenue having not clearly established the violation of provisions of section 269SS of the Act by the assessee ,its entire case resting on interpretation of entry in a diary found during search,it is not a fit case for levy of penalty u/s 271D.
M/S. MADHUVAN CORPORATION VERSUS ADDL. CIT, CENTRAL RANGE, BARODA
(2022) TaxCorp(LJ) 28497 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95896&Category=ITAT&CategoryType=Zip
Direct Tax ·MP High Court · 03 Mar 2022
The principle of natural justice is to be applied in each case depending upon the facts and circumstances and the compelling situations.
ADITYA TRIPATHI VERSUS PRINCIPAL COMMISSIONER OF INCOME TAX-I, BHOPAL (MADHYA PRADESH) , ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 (2) , HYDERABAD (TELANGANA)
(2022) TaxCorp(LJ) 28495 (HC-MP) · https://taxcorp.in/FileOpenDT.aspx?ID=86677&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 02 Mar 2022
When sales return does not qualify as expenditure in terms of Section 37(1), the provision for sales return cannot be allowed u/s 37(1).
Herbalife International India Private Ltd Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28494 (ITAT-BANGALORE) · Section 37(1)
Direct Tax ·Bombay High Court · 02 Mar 2022
Since Assessee placed the list of rural branches along with supporting documents, it was Revenue's duty to examine the classification as per Explanation (ia) to Section 36(1)(viia).
HDFC Bank Ltd. Vs Assistant Commissioner of Income-tax-2(3)
(2022) TaxCorp(LJ) 28493 (HC-BOMBAY) · Section 148
Direct Tax ·Bombay High Court · 02 Mar 2022
In the present case, there is no qualm over the fact that the Assessee had entered into a contract with ONGC on turn-key basis for enhancing the exploration/production capacity of the platform.
Larsen & Toubro Ltd. Vs Deputy Income-tax (International Taxation) 4(1)
(2022) TaxCorp(LJ) 28492 (HC-BOMBAY) · Section 44BB
Direct Tax ·ITAT Mumbai · 02 Mar 2022
Once the requisite documents such as PAN/ Bank statements etc are filed by the Assessee, the onus shifts on the department to prove that the share capital subscription is genuine.
Lotus Logistics & Developers Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28491 (ITAT-MUMBAI)
Direct Tax ·ITAT Delhi · 02 Mar 2022
We do not find any reason to take a view contrary to the one taken by the authorities and we find no option but to confirm the additions.
PRAHLAD SINGH BISHT VERSUS INCOME-TAX OFFICER, WARD 2 (1) , GHAZIABAD
(2022) TaxCorp(LJ) 28490 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95835&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 02 Mar 2022
Subscription charges receivable for Foreign Telecasting Companies (FTCs) shall continue to be taxed in accordance with guidelines prescribed for advertisement revenue.
CABLE NEWS NETWORK INC. VERSUS THE DY. C.I.T., CIRCLE-2 (2) (1) , INTERNATIONAL TAXATION NEW DELHI
(2022) TaxCorp(LJ) 28489 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95842&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 02 Mar 2022
We do not find any infirmity in the order of the Ld. CIT(A).
ASST. COMMISSIONER OF INCOME TAX, CIRCLE-76 (1) , NEW DELHI VERSUS M/S PARSONS BRINCKERSHOFF INDIA PVT. LTD.
(2022) TaxCorp(LJ) 28488 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95851&Category=ITAT&CategoryType=Zip
Direct Tax ·Gujarat High Court · 02 Mar 2022
Condition precedent for resorting to the reopening of assessment under Section 147 of the Act are not satisfied in the present case.
SURANI STEEL TUBES LIMITED VERSUS THE INCOME TAX OFFICER, WARD-1
(2022) TaxCorp(LJ) 28487 (HC-GUJARAT) · https://taxcorp.in/FileOpenDT.aspx?ID=86662&Category=Judgment&CategoryType=Zip

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