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Landmark Rulings

Direct Tax landmark rulings

15,784 rulings

  1. Gauhati High Court · 15 May 2024
    HC - Gauhati High Court Quashes Sec 263 Revision, Holds PCIT's Action Based on Subordinate's Proposal Without Independent Application of Mind.

    KARAN JAIN VERSUS THE UNION OF INDIA, THE PRINCIPAL COMMISSIONER INCOME TAX GUWAHATI, THE JOINT COMMISSIONER INCOME TAX RANGE 1 GUWAHATI, ASSISTANT COMMISSIONER INCOME TAX CIRCLE 1 GUWAHATI.

    (2024) TaxCorp(LJ) 33892 (HC-GAUHATI) · https://taxcorp.in/FileOpenDT.aspx?ID=92485&Category=Judgment&CategoryType=Zip

  2. Bombay High Court · 15 May 2024
    HC - Bombay High Court Upholds ITAT's Decision to Delete Addition of Share Application Money, Holds Assessee Discharged Burden of Proving Genuineness.

    THE COMMISSIONER OF INCOME TAX “CENTRAL CIRCLE”, PANAJI, GOA. VERSUS M/S PRIMESLOTS PROPERTIES PVT. LTD.

    (2024) TaxCorp(LJ) 33891 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=92486&Category=Judgment&CategoryType=Zip

  3. ITAT Chennai · 14 May 2024
    ITAT - Chennai ITAT Holds Final Order Time-Barred, Passed Beyond Sec.144C(13) Limitation; Explains Ambit of DRP's Powers.

    Conferencecall – Services India Pvt. Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 33890 (ITAT-CHENNAI) · Section 144C(13)

  4. ITAT Delhi · 13 May 2024
    Delhi High Court Sets Aside Assessment Order Making Additions Based Merely on CBIC Information, Remits Matter for Fresh Adjudication

    Bausch And Lomb India Private Limited Vs ASSESSMENT UNIT, NATIONAL FACELESS ASSESSMENT CENTRE

    (2024) TaxCorp(LJ) 33883 (ITAT-DELHI)

  5. ITAT Delhi · 13 May 2024
    ITAT - Delhi ITAT Characterizes Rs. 113.41 Cr. Received by Volvo Sweden as FTS, Rejects Plea for Consistency

    Volvo Information Technology AB Vs DCIT

    (2024) TaxCorp(LJ) 33882 (ITAT-DELHI)

  6. 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)

  7. 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)

  8. 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)

  9. 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

  10. 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)

  11. 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)

  12. 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)

  13. 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

  14. 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

  15. 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

  16. 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)

  17. 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)

  18. 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

  19. 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)

  20. 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)

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