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Income tax Appellate Tribunal
Latest
ITAT: Timing of payment irrelevant for Sec. 43A capitalization of forex loss; Follows Woodward Governor
Jul 25, 2025
- In Favour of Revenue
- Citation Number : TS-962-ITAT-2025(Ahd)
- Tax Payer : Unimed Technologies Limited
Income tax Appellate Tribunal
ITAT: Rejects technicality, allows HDFC bank to raise ESOP expense deduction even if not claimed in original return
Jul 25, 2025
- In Favour of Assessee
- Citation Number : TS-961-ITAT-2025(Mum)
- Tax Payer : HDFC Bank Limited
Income tax Appellate Tribunal
ITAT: In marquee CCD search case, Revenue loses big; Unverified employee statements discarded
Jul 25, 2025
- In Favour of Assessee
- Citation Number : TS-960-ITAT-2025(Bang)
- Tax Payer : Malavika Hegde
High Court
HC: Multiple residential houses qualify for capital gains exemption under unamended Sec. 54(1)
Jul 25, 2025
- In Favour of Assessee
- Citation Number : TS-959-HC-2025(BOM)
- Tax Payer : Krishnagopal B. Nangpal
Supreme Court
SC: Hyatt's substantive control on Indian operations constitutes PE; Economic substance overrides legal form
Jul 24, 2025
- In Favour of Revenue
- Citation Number : TS-954-SC-2025
- Tax Payer : Hyatt International Southwest Aisa Ltd
High Court
HC: Rectification u/s 154 impermissible once VsV filing accepted by Designated Authority
Jul 24, 2025
- In Favour of Assessee
- Citation Number : TS-956-HC-2025(PAT)
- Tax Payer : Manohar Lal Poddar
High Court
HC: 'Sleeping' Partners of partnership firm liable for firm’s outstanding tax dues notwithstanding dissolution
Jul 24, 2025
- In Favour of Assessee
- Citation Number : TS-955-HC-2025(MAD)
- Tax Payer : S. Pushpa
Foreign Court
FC: UK Court of Appeal adopts real top-level management test for POEM under Mauritius-UK DTAA
Jul 24, 2025
- In Favour of Revenue
- Citation Number : TS-953-FC-2025(UK)
- Tax Payer : Geoffrey Richard Haworth, Ian Francis Lenagan, SG Kleinwort Hambros Trust Company (UK) Limited
Income tax Appellate Tribunal
ITAT: Intra-group transaction structuring a sham; Rejecting goodwill depreciation claim, questions valuation method
Jul 23, 2025
- In Favour of Revenue
- Citation Number : TS-949-ITAT-2025(HYD)
- Tax Payer : Invesco (India) Private Limited
Income tax Appellate Tribunal
ITAT: Affirms Sec. 56(2)(vii)(b) addition on land rights relinquishment, rejects LTCG claim sans ownership proof
Jul 22, 2025
- In Favour of Assessee
- Citation Number : TS-935-ITAT-2025(Ahd)
- Tax Payer : Hiren Rameshbhai Patel
Income tax Appellate Tribunal
ITAT: Upholds FMV based on intrinsic valuation endorsed earlier for similar shares; Deletes addition u/s 56(2)(viib)
Jul 22, 2025
- In Favour of Assessee
- Citation Number : TS-930-ITAT-2025(Mum)
- Tax Payer : Tutor Investment & Finance Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Rs. 143 cr. addition on customer advances, directs AO to follow consistent accounting method
Jul 22, 2025
- In Favour of Assessee
- Citation Number : TS-921-ITAT-2025(Mum)
- Tax Payer : KSB Limited
Income tax Appellate Tribunal
ITAT: Quashes PCIT’s revision over highly debatable issue of depreciation on ‘right to collect toll’
Jul 22, 2025
- In Favour of Assessee
- Citation Number : TS-946-ITAT-2025(COCH)
- Tax Payer : Kerala Transport Development Finance Corporation Limited
Income tax Appellate Tribunal
ITAT: Indian National Congress denied Sec. 13A exemption on delayed filing, stricter interpretation prevails
Jul 22, 2025
- In Favour of Revenue
- Citation Number : TS-945-ITAT-2025(DEL)
- Tax Payer : Indian National Congress All India Congress Committee
Income tax Appellate Tribunal
ITAT: Digitally unsigned assessment order legally invalid, non-signing can't be cured later
Jul 21, 2025
- In Favour of Assessee
- Citation Number : TS-943-ITAT-2025(DEL)
- Tax Payer : Outsystems Singapore Pte. Ltd
High Court
HC: Upholds ITAT order quashing Sec.263 order; Twin conditions remained unsatisfied
Jul 19, 2025
- In Favour of Assessee
- Citation Number : TS-926-HC-2025(DEL)
- Tax Payer : Hindustan Power Projects Pvt. Ltd
High Court
HC: Reassessment notice u/s 148 during pendency of assessment unsustainable sans determination of income escaping assessment
Jul 19, 2025
- In Favour of Assessee
- Citation Number : TS-922-HC-2025(DEL)
- Tax Payer : Salesforce.Com Singapore Pte. Ltd
High Court
HC: Deletes Sec. 68 addition on undervalued property transfer made by shareholders sans company involvement
Jul 19, 2025
- In Favour of Assessee
- Citation Number : TS-927-HC-2025(DEL)
- Tax Payer : Snerea Properties Pvt. Ltd
High Court
HC: Quashes reassessment by JAO in central charge case; Follows Venkataramana Reddy ruling
Jul 19, 2025
- In Favour of Assessee
- Citation Number : TS-942-HC-2025(TEL)
- Tax Payer : Kings Pride Infra Projects Pvt Ltd
Income tax Appellate Tribunal
ITAT: Film distribution receipts not royalty u/s 9(1)(vi); Directs denovo adjudication bifurcating non-theoretical components
Jul 19, 2025
- In Favour of Assessee
- Citation Number : TS-936-ITAT-2025(CHNY)
- Tax Payer : Gem Entertainment KFT