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High Court
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HC: Proceedings initiated due to ‘mere change of opinion’, invalid; Quashes notice u/s 148
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-875-HC-2025(KER)
- Tax Payer : SI PROPERTY(KERALA)PVT. LTD
Income tax Appellate Tribunal
ITAT: Condones delay by Nephrourology Institute due to Professional ill-advice; Rejects CIT(A) negligent approach
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-874-ITAT-2025(Bang)
- Tax Payer : Institute of Nephrourology
Income tax Appellate Tribunal
ITAT: Reinsurance premium to Irish entity not taxable in India sans PE; Follows earlier order
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-873-ITAT-2025(Mum)
- Tax Payer : RGA International Reinsurance Company Limited
High Court
HC: Service upon CA sans Assessee’s knowledge not sufficient service u/s 254; Condones delay of 2900 days
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-872-HC-2025(BOM)
- Tax Payer : Neelam Ajit Phatarpekar
Income tax Appellate Tribunal
ITAT: Allows Sec. 80IA deduction despite belated Form 10CCB filing, form submission directory not mandatory
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-871-ITAT-2025(ASR)
- Tax Payer : Universal Biomass Energy Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Deletes Sec. 68 addition on penny stock gains, disproves AO’s allegation of share price rigging
Jul 05, 2025
- In Favour of Assessee
- Citation Number : TS-876-ITAT-2025(Mum)
- Tax Payer : Nayan Bipinchandra Shah
High Court
HC: Hypertechnical approach cannot be ground for assumption of jurisdiction to reopen assessment
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-870-HC-2025(GUJ)
- Tax Payer : Lata Kamalbhai Shah Lh Of Late Kamalbhai Ramniklal Shah & Anr
Income tax Appellate Tribunal
ITAT: Upholds TDS default against SBI vis-a-vis foreign travel LTC claims
Jul 04, 2025
- In Favour of Revenue
- Citation Number : TS-869-ITAT-2025(CHNY)
- Tax Payer : State Bank of India
Income tax Appellate Tribunal
ITAT: Rejects DVO’s valuation, directs re-valuation considering property restrictions & distress sale
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-868-ITAT-2025(Mum)
- Tax Payer : Gaurav Rajesh Desai
Income tax Appellate Tribunal
ITAT: Holds Assessee entitled for full depreciation since it paid part of consideration; Deletes addition
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-867-ITAT-2025(Mum)
- Tax Payer : New Rampgreen Technologies Pvt. Ltd
High Court
HC: Payments to parent company in usual course of business not ‘Deemed Dividend’ u/s 2(22)(e) or advances
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-866-HC-2025(TEL)
- Tax Payer : Prasad Film Laboratories Pvt. Ltd
High Court
HC: Condones delay in e-verifying Form 10B given genuine hardship & prejudice caused to Kotak Foundation
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-860-HC-2025(BOM)
- Tax Payer : Kotak Family Foundation
High Court
HC: Quashes the notices issued u/s. 148A(b) & 148 as invalid, following Rajeev Bansal
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-857-HC-2025(GUJ)
- Tax Payer : Saroj Predhiman Kaw
High Court
HC: Quashes assessment order; Directs Faceless Assessment Authority to comply with SOP
Jul 04, 2025
- In Favour of Assessee
- Citation Number : TS-853-HC-2025(GUJ)
- Tax Payer : Hiraben Pragjibhai Tala
High Court
HC: Applies 'purpose test'; State subsidy to RIL an industrialization incentive, hence capital receipt
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-865-HC-2025(BOM)
- Tax Payer : Bajaj Auto Limited
High Court
HC: Holds BPCL’s reassessment basis 'bald assertion' unsustainable, given change of opinion by AO
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-864-HC-2025(BOM)
- Tax Payer : Bharat Petroleum Corporation Ltd.
Income tax Appellate Tribunal
ITAT: Deletes Sec. 40(a)(ia) disallowance as interest expenditure not claimed under presumptive taxation
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-863-ITAT-2025(Ahd)
- Tax Payer : Rushabh Rameshbhai Prajapati
Income tax Appellate Tribunal
ITAT: Sets aside Sec. 263 revision against Union Bank initiated basis Andhra Bank’s pre-amalgamation assessment order
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-862-ITAT-2025(Mum)
- Tax Payer : Union Bank of India
Income tax Appellate Tribunal
ITAT: Allows Sec. 115BAC relief despite denial in preceding AY; Beneficial provisions to be construed liberally
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-861-ITAT-2025(Mum)
- Tax Payer : Madan Lachhmandas Asrani
Income tax Appellate Tribunal
ITAT: Confirms disallowance for failure to justify lower interest rate on loan to related parties vis-à-vis unrelated parties
Jul 03, 2025
- In Favour of Assessee
- Citation Number : TS-859-ITAT-2025(Mum)
- Tax Payer : Jackie Mahesh Vora