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Rulings ( 13721 results )

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Income tax Appellate Tribunal Latest

ITAT: No tax on Trust with overall deficit even if activity alleged to be commercial

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1713-ITAT-2025(Mum)
  • Tax Payer : The Mysore Association Bombay
Income tax Appellate Tribunal

ITAT: Levy of interest u/s 220(2) for period prior to fresh demand notice u/s 156, unsustainable

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1710-ITAT-2025(Mum)
  • Tax Payer : Samsara Shipping Pvt. Ltd
High Court

HC: Quashes Sec.153C notice for non-mention of date & serving satisfaction note after two year’s delay

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1711-HC-2025(GUJ)
  • Tax Payer : Virat Alloys Private Limited
High Court

HC: Condones 8 minute delay in filing of Income Tax Return; Quashes & sets aside order u/s 119(2)(b)

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1708-HC-2025(BOM)
  • Tax Payer : Sikkim Ferro Alloys Ltd
High Court

HC: Individual rights accrued through orders attaining finality, cannot be whittled down; Direct re-computation of compounding charges

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1686-HC-2025(MAD)
  • Tax Payer : K. M. Mammen
High Court

HC: Mere 3-days’ time for responding to SCN, inadequate; CBDT’s 7-day time limit mandatory

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1717-HC-2025(BOM)
  • Tax Payer : Dhiraj Lakhamshi Shah
Income tax Appellate Tribunal

ITAT: Denies indexation benefit on depreciable factory building sale; Sec. 50 applies despite non-use or altered character claims

Dec 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1716-ITAT-2025(DEL)
  • Tax Payer : Amira Apparels Ltd
High Court

HC: LG’s payments for ICC mark usage constitute ‘Royalty'; Confirms 15% withholding tax for brand usage

Dec 26, 2025
  • In Favour of Revenue
  • Citation Number : TS-1715-HC-2025(DEL)
  • Tax Payer : LG Electronics India P.Ltd & Anr
High Court

HC: No review power vests in Authorities for sanctions u/s 151; Negates multiple representations of reassessment proposals

Dec 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1712-HC-2025(UTT)
  • Tax Payer : Rajan Rajesh Kumar
High Court

HC: Quashes time-barred reassessment against Cognizant; Limitation runs from original assessment, not revision order

Dec 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1709-HC-2025(MAD)
  • Tax Payer : Cognizant Technology Solutions India Pvt ltd
Income tax Appellate Tribunal

ITAT: Declining request of personal hearing, violation of Sec. 144B(6)(viii); Remands matter to AO

Dec 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1706-ITAT-2025(GAU)
  • Tax Payer : Yaswi Commercial
High Court

HC: Grants interest-on-interest to Shree Renuka Sugars for unjustified payment delay; Rules interest part of refund corpus

Dec 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1707-HC-2025(KAR)
  • Tax Payer : Shree Renuka Sugars Limited
Income tax Appellate Tribunal

ITAT: No basis for taxing notional interest on loans from interest-free funds; Rejects 18% notional interest addition

Dec 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1705-ITAT-2025(Mum)
  • Tax Payer : SIP Infotech Limited
Income tax Appellate Tribunal

ITAT: Holds Sec. 153D approval as mechanical, without application of mind; Quashes assessment order as invalid

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1703-ITAT-2025(DEL)
  • Tax Payer : Sudesh Kumar
Income tax Appellate Tribunal

ITAT: MNRE subsidy for hydro projects is capital incentive; AO cannot reduce asset cost or depreciation

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1702-ITAT-2025(DEL)
  • Tax Payer : Puri Oil Mills Limited
Income tax Appellate Tribunal

ITAT: No valid Sec. 148 notice served on legal heir or executor of deceased; Quashes unsustainable reassessment order

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1701-ITAT-2025(DEL)
  • Tax Payer : Shalini Chaudhary Sharma
Income tax Appellate Tribunal

ITAT: Allows bad debts claim deduction u/s 36(1) subject to verification; Denies business loss claimed via revised computation

Dec 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1700-ITAT-2025(DEL)
  • Tax Payer : M. Sons Gems N Jewellery Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec. 263 revision over Sec. 153C assessments; Holds PCIT acted without jurisdiction

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1699-ITAT-2025(CHNY)
  • Tax Payer : Bannari Amman – Educational Trust
High Court

HC: Vocational training for rural youth qualifies as ‘education’ u/s 2(15); Surplus generation no bar to exemption u/s 11

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1698-HC-2025(KAR)
  • Tax Payer : Deshpande Education Trust
Income tax Appellate Tribunal

ITAT: Sales discount to stockists/wholesalers, not commission, not liable to TDS u/s 194H

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1697-ITAT-2025(Mum)
  • Tax Payer : Novartis Healthcare Private Limited