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Income tax Appellate Tribunal
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ITAT: Deletes Sec. 68 addition as unjustified, citing incomplete enquiry on Revenue’s part
Apr 29, 2025
- In Favour of Assessee
- Citation Number : TS-474-ITAT-2025(Mum)
- Tax Payer : Jay Ganga Exim India Pvt. Ltd
High Court
HC: Subscription fee on e-magazines with standardized content doesn’t partake character of ‘FTS’
Apr 29, 2025
- In Favour of Assessee
- Citation Number : TS-473-HC-2025(DEL)
- Tax Payer : Springer Nature Customer Service Centre GMBH
Income tax Appellate Tribunal
ITAT: Upholds disallowance of interest u/s 36(1)(iii) basis failure to discharge burden to prove lenders’ genuineness
Apr 29, 2025
- In Favour of Revenue
- Citation Number : TS-472-ITAT-2025(Ahd)
- Tax Payer : Shyam Realities
Income tax Appellate Tribunal
ITAT: Confirms Sec. 263 order, cites confirmation letters not sufficient to prove genuineness of transaction
Apr 28, 2025
- In Favour of Assessee
- Citation Number : TS-468-ITAT-2025(PUN)
- Tax Payer : Meenamani Ganga Builder LLP
High Court
HC: Deletes penalty for violation of Sec. 269T, cites authorities ignored 'reasonable cause' u/s 273B
Apr 28, 2025
- In Favour of Assessee
- Citation Number : TS-470-HC-2025(CHAT)
- Tax Payer : Kamaljeet Kaur Gill
High Court
HC: Criticizes Assessee's intentional act in delaying registration basis income threshold, rejects delay condonation plea
Apr 28, 2025
- In Favour of Revenue
- Citation Number : TS-467-HC-2025(TEL)
- Tax Payer : Maheswara Educational Society
Income tax Appellate Tribunal
ITAT: CIT(A)'s deliberation on merits cardinal, pass well reasoned order & in consonance with Sec. 250(6)
Apr 28, 2025
- In Favour of Assessee
- Citation Number : TS-466-ITAT-2025(DEL)
- Tax Payer : Vakil Chand Jain
High Court
HC: No income earned on fly ash sale provided by NTPC, utilized as per Environment Protection Act
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-450-HC-2025(DEL)
- Tax Payer : NTPC Vidyut Vyapar Nigam Ltd
High Court
HC: Directs Revenue to file affidavit explaining the inordinate delay in refund payment to Assessee
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-465-HC-2025(BOM)
- Tax Payer : Kalmar India Private Limited
High Court
HC: Dismisses Assessee’s Writ Petition for availability of alternate and efficacious statutory remedy
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-464-HC-2025(BOM)
- Tax Payer : Manoj Naraindas Motwani
Income tax Appellate Tribunal
ITAT: Quashes Sec. 263 order citing non-fullfilment of conditions; Expln. 2 does not confer unchecked revisionary power
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-463-ITAT-2025(DEL)
- Tax Payer : Clix Capital Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Third member concurs with JM, Sec. 153C proceedings invalid sans requisite satisfaction
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-462-ITAT-2025(PUN)
- Tax Payer : Prashant Premchand Bafana
High Court
HC: Upholds reassessment beyond 4 years, basis FT&TR info. on unexplained offshore loans from tax heaven countries
Apr 26, 2025
- In Favour of Revenue
- Citation Number : TS-461-HC-2025(BOM)
- Tax Payer : Macrotech Developers Limited (Successor to Suryakrupa Construction Private Limited)
Income tax Appellate Tribunal
ITAT: Addition u/s 69B solely basis loose paper-sheet sans corroborative evidence unsustainable
Apr 26, 2025
- In Favour of Assessee
- Citation Number : TS-460-ITAT-2025(DEL)
- Tax Payer : Shyam Sunder Bang
High Court
HC: ‘Round-tripping’ justifies deeper tax probe; Upholds reassessment given non-disclosure of material facts
Apr 25, 2025
- In Favour of Assessee
- Citation Number : TS-458-HC-2025(MAD)
- Tax Payer : Dalmia Cement (Bharat) Limited
High Court
HC: ITAT failed to appreciate evidences, unaccounted income introduced as capital constitutes 'colorable device'
Apr 25, 2025
- In Favour of Revenue
- Citation Number : TS-459-HC-2025(CHAT)
- Tax Payer : B.L. Agrawal
Income tax Appellate Tribunal
ITAT: Allows one time deduction, aligning revenue recognition process with POCM under Ind-AS 18
Apr 25, 2025
- In Favour of Assessee
- Citation Number : TS-457-ITAT-2025(DEL)
- Tax Payer : DLF Limited
Income tax Appellate Tribunal
ITAT: Compensation in lieu of surrender of ‘right to sue’, capital receipt, not taxable as LTCG u/s 45
Apr 25, 2025
- In Favour of Assessee
- Citation Number : TS-456-ITAT-2025(Mum)
- Tax Payer : Ramesh Ravji Chheda
Income tax Appellate Tribunal
ITAT: Allows interest deduction u/s 36(1)(iii) to Bangalore International Airport for funds given to subsidiary
Apr 25, 2025
- In Favour of Revenue
- Citation Number : TS-454-ITAT-2025(Bang)
- Tax Payer : Bangalore International Airport Ltd
Income tax Appellate Tribunal
ITAT: Allows Sec. 11 exemption given advances were for furthering Trusts’ objects
Apr 25, 2025
- In Favour of Assessee
- Citation Number : TS-445-ITAT-2025(Mum)
- Tax Payer : Sai Shiva Educational Trust