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Rulings ( 13241 results )

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High Court Latest

HC: Deletes penalty u/s 271(1)(c), as unwarranted, since quantum addition made on pure guess work

Sep 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1235-HC-2025(BOM)
  • Tax Payer : Colo Colour Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Third Member deletes addition u/s 68, taxation of same income twice unsustainable

Sep 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1234-ITAT-2025(DEL)
  • Tax Payer : Double Plus Software Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Addition u/s 56(vii)(b) over difference in stamp-duty valuation due to calculation method change, unsustainable

Sep 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1233-ITAT-2025(Mum)
  • Tax Payer : Sharad Sevantilal Shah
Income tax Appellate Tribunal

ITAT: Dismissal of appeals instead of adjudication on merits, under purview of “mistake apparent on record” u/s 254(2)

Sep 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1232-ITAT-2025(Bang)
  • Tax Payer : Shashikala Vinaykumar
High Court

HC: Compensation received on land acquisition not exigible to tax u/s 96 of RFCTLARR Act

Sep 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1228-HC-2025(CHAT)
  • Tax Payer : Sanjay Kumar Baid
Income tax Appellate Tribunal

ITAT: Directs Revenue to estimate Assessee’s income @ 6% u/s 44AD; Rejects 8% profit estimation

Sep 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1227-ITAT-2025(Mum)
  • Tax Payer : GRA Engineers & Contractors Private Limited
Income tax Appellate Tribunal

ITAT: AO incorrectly invoked Sec. 194A, legal fiction u/s 40(a)(ia) cannot be extended beyond its scope

Sep 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1226-ITAT-2025(DEL)
  • Tax Payer : Sternal Buildcon Private Ltd
High Court

HC: Upholds Sec. 194J TDS by Nanavati Hospital for ‘consultant’ doctors; Remands back AMC characterisation issue

Sep 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1225-HC-2025(BOM)
  • Tax Payer : Dr. Balabhai Nanavati Hospital
High Court

HC: Subsequent Superior Court ruling no ground for ITAT to invoke Sec. 254(2)

Sep 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1224-HC-2025(BOM)
  • Tax Payer : Vaibhav Maruti Dombale
Income tax Appellate Tribunal

ITAT: Unsigned order against non-existent company is legal nullity, cites 'incurable defects'; Quashes reassessment

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1223-ITAT-2025(Mum)
  • Tax Payer : Ekvira Hotels Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue's diametrically opposite view; Upholds consistency principle in land classification

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1222-ITAT-2025(Mum)
  • Tax Payer : Sunil Khadawala
Income tax Appellate Tribunal

ITAT: Assessee-trust’s appeal maintainable, not hit by Sec. 249(4); Sets aside reassessment as time barred

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1221-ITAT-2025(DEL)
  • Tax Payer : A P Goyal Charitable Trust
High Court

HC: Rejects Revenue's remand plea, finds AO consciously erred by disregarding fundamental tax principles

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1220-HC-2025(BOM)
  • Tax Payer : Kedaara Captial Fund II LLP
Income tax Appellate Tribunal

ITAT: Not-for-profit co.’s micro-financing activities for empowering marginalized & rural poor, ‘charitable’

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1219-ITAT-2025(DEL)
  • Tax Payer : Humana People to People India
Income tax Appellate Tribunal

ITAT: Can't restrict Sec. 54F exemption to individuals & HUFs; Private trust too eligible

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1218-ITAT-2025(DEL)
  • Tax Payer : Merilina Foundation
Income tax Appellate Tribunal

ITAT: Consideration paid in excess of valuation, entitled to benefit of first & second proviso to Section 56(2)(x)

Sep 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1217-ITAT-2025(Mum)
  • Tax Payer : Rameshchandra Chhabildas Jhaveri
Income tax Appellate Tribunal

ITAT: Sec. 153C proceedings reckons from date seized material handed over to AO; Quashes assessment beyond 10 years

Sep 13, 2025
  • Citation Number : TS-1211-ITAT-2025(DEL)
  • Tax Payer : Bazel International Ltd.
Income tax Appellate Tribunal

ITAT: Upholds addition u/s 68 on unexplained RTGS credits, Assessee a conduit for accommodation entries at 2% commission

Sep 13, 2025
  • In Favour of Revenue
  • Citation Number : TS-1213-ITAT-2025(DEL)
  • Tax Payer : Edynamics Solutions Limited
High Court

HC: Allows provision for ‘discount’ recorded on accrual basis discharged subsequently; Rejects contingent liability plea

Sep 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1212-HC-2025(KAR)
  • Tax Payer : LTI Mindtree Ltd.
High Court

HC: Addition on unaccounted sales sans corroborative evidence unjustified; Books rejection u/s 145(3) bereft of reason invalid

Sep 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1214-HC-2025(CHAT)
  • Tax Payer : Mahamaya Steel Industries Ltd.