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Rulings ( 13721 results )

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Income tax Appellate Tribunal

ITAT: Remands Sec. 10(38) relief claim; Directs analysis of SEBI’s price manipulation findings

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1696-ITAT-2025(Mum)
  • Tax Payer : Bharat Babubhai Lukhi
Income tax Appellate Tribunal

ITAT: Sec. 115BAC option once exercised applies to subsequent years; No requirement for fresh Form 10IE yearly

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1695-ITAT-2025(SUR)
  • Tax Payer : Meenaben Maheshchandra Patel
High Court

HC: Government subsidy under rehabilitation scheme, a capital receipt not revenue receipt; Purpose test to be applied

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1694-HC-2025(MAD)
  • Tax Payer : The Dharmapuri District Co-operative Milk Producers Union Ltd
High Court

HC: Quashes reassessment notice as original period of limitation expired; Follows Rajeev Bansal

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1692-HC-2025(ALL)
  • Tax Payer : Dinesh Jain
Income tax Appellate Tribunal

ITAT: Quashes Sec. 69 addition beyond limited scrutiny, flags breach of mandatory CBDT approval norms

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1693-ITAT-2025(CHNY)
  • Tax Payer : Aadarsh Surana
Income tax Appellate Tribunal

ITAT: Allotment letter an enforceable agreement, satisfies Contract Act for Sec. 56(2)(vii)(b) proviso; Deletes addition

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1691-ITAT-2025(Mum)
  • Tax Payer : Raghavendra Ramakrishna Naik
Income tax Appellate Tribunal

ITAT: ITAT: Addition for bogus purchases u/s 69 unsustainable sans rejection of books of accounts u/s 145(3)

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1680-ITAT-2025(DEL)
  • Tax Payer : KDP Infrastructure Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition u/s 69C & 69A, as AO exceeded revision jurisdiction under Section 263; Cash transactions duly explained

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1688-ITAT-2025(DEL)
  • Tax Payer : Ankur Mittal
Income tax Appellate Tribunal

ITAT: Reimbursement of salaries paid to seconded employees on cost-to-cost basis not taxable FTS; Relies on Boeing India ruling

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1689-ITAT-2025(DEL)
  • Tax Payer : Toshiba Energy System & Solutions Corporation
Income tax Appellate Tribunal

ITAT: Allows Sec. 54F deduction for residential property, as other under-construction property declared as business asset

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1690-ITAT-2025(Ahd)
  • Tax Payer : Aditya Harshvadan Mangaldas
Income tax Appellate Tribunal

ITAT: Donation received for organising Janmashtami Mahotsav & allied religious activities do not constitute business income u/s 11(4A)

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1681-ITAT-2025(DEL)
  • Tax Payer : Krishna Janmashtmi Mahotsav Samiti
Supreme Court

SC: Non-compete payments aid business efficiency, create no asset; Allowable as revenue expenditure u/s 37(1)

Dec 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1685-SC-2025
  • Tax Payer : Sharp Business System
High Court

HC: CIT cannot order 'roving enquiry' without identifying specific error; Quashes Sec. 263 revision

Dec 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1687-HC-2025(MAD)
  • Tax Payer : Eastman Exports Global Clothing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Lack of commercial expediency doesn't create taxable interest; Deletes notional interest addition

Dec 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1684-ITAT-2025(Mum)
  • Tax Payer : Robust Transportation Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 43CB percentage completion method mandatory for real estate business; Confirms additions

Dec 19, 2025
  • In Favour of Revenue
  • Citation Number : TS-1683-ITAT-2025(Mum)
  • Tax Payer : Faithfull Developers
Income tax Appellate Tribunal

ITAT: Sec. 112(1)(c)(iii) governs Sec. 48 provisos; Upholds lower TDS rate of 10% on foreign remittances

Dec 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1682-ITAT-2025(Mum)
  • Tax Payer : Godrej Agrovet Limited
Income tax Appellate Tribunal

ITAT: Allows TDS credit to Assessee, although corresponding income declared by Sister concern

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1679-ITAT-2025(DEL)
  • Tax Payer : Haddock Propbuild Pvt Ltd
Income tax Appellate Tribunal

ITAT: Denies benefit u/s 13A to political party as bogus donation returned to donors after deducting commission

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1678-ITAT-2025(DEL)
  • Tax Payer : Public Political Party
Income tax Appellate Tribunal

ITAT: Claim requiring verification cannot be outrightly disallowed by CPC through intimation u/s 143(1)

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1677-ITAT-2025(Bang)
  • Tax Payer : Vikas Goyal
Income tax Appellate Tribunal

ITAT: Revenue can’t reopen issues after failing to appeal; Quashes reassessment defying scheme of law

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1676-ITAT-2025(DEL)
  • Tax Payer : Noida Special Economic Zone Authority