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Income tax Appellate Tribunal

ITAT: Upholds DCIT(CPC) order based on return of income filed by trust-Assessee

Jun 02, 2025
  • In Favour of Revenue
  • Citation Number : TS-680-ITAT-2025(PUN)
  • Tax Payer : Lions Nab Community Eyecare Centre
Income tax Appellate Tribunal

ITAT: Reimbursement from Indian subsidiary for hardware purchase on its behalf, not capital gain

Jun 02, 2025
  • In Favour of Revenue
  • Citation Number : TS-679-ITAT-2025(Bang)
  • Tax Payer : Altair Engineering Inc
Income tax Appellate Tribunal

ITAT: Allows 25% expenses incurred by Assessee as ‘exhibition expenses’ for third party

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2025(Ahd)
  • Tax Payer : Parshwanath Realty Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment u/s 147, holds AO recorded reasons for escapement without application of mind

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2025(Mum)
  • Tax Payer : Hetal Daxesh Shah
Income tax Appellate Tribunal

ITAT: Directs AO to re-compute tax liability considering all equity transactions

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2025(Mum)
  • Tax Payer : Sarath Manari Gopinathan
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s addition on purchases, cites no independent investigation of facts by AO

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2025(Mum)
  • Tax Payer : Mulchand Ramajor Gupta
Income tax Appellate Tribunal

ITAT: Directs exclusion of cost linked to disallowed export turnover for Sec. 10AA deduction

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2025(Mum)
  • Tax Payer : Roop Ultrasonix Limited
Income tax Appellate Tribunal

ITAT: Deletes additions treating exempt MF-dividend, tax-free bond interest as business income u/s 10(35)

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2025(Mum)
  • Tax Payer : Lintas Employees Hobbies and Craft Trust
Income tax Appellate Tribunal

ITAT: Expenses allowable u/s 37(1) when incurred for business purposes & are revenue in nature

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-658-ITAT-2025(Mum)
  • Tax Payer : Shrem Infraventures Pvt. Ltd
High Court

HC: No requirement to explain source of source of funds for AY 2015-16; Deletes addition u/s 68

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-675-HC-2025(DEL)
  • Tax Payer : Sheela Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 43CA disallowance as sale value within tolerable limit; Agreement date valuation applies u/s 43CA(3)

May 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2025(CHANDI)
  • Tax Payer : CSJ Infrastructure Pvt.Ltd.
High Court

HC: Allows belated return for claiming refund; Directs AO for denovo order condoning delay

May 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-669-HC-2025(GUJ)
  • Tax Payer : Suryakant Khodidas Panchal
Income tax Appellate Tribunal

ITAT: Sales tax subsidy claim disallowed in search assessment sans declaration in original or Sec. 153A return

May 31, 2025
  • In Favour of Revenue
  • Citation Number : TS-673-ITAT-2025(DEL)
  • Tax Payer : Jindal Photo Limited
High Court

HC: Upholds denial of Sec.10(26A) exemption to scheduled tribe for failing to prove income origin & residence in Ladakh

May 31, 2025
  • In Favour of Revenue
  • Citation Number : TS-670-HC-2025(J & K)
  • Tax Payer : Mehmood Askari
Income tax Appellate Tribunal

ITAT: Quashes reassessment for AO’s failure to furnish reasons u/s 148; Relies on Jagat Talkies judgment

May 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2025(DEL)
  • Tax Payer : Alka Sand
High Court

HC: Open terrace/portico area without walls, not part of built-up area for Sec.80-IB deduction

May 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-667-HC-2025(TEL)
  • Tax Payer : Modi Builders & Realtors (P) Ltd. and Others
Income tax Appellate Tribunal

ITAT: Restores registration issue u/s 12AB; CIT(E) to conduct enquiry on genuineness of Assessee’s activities

May 30, 2025
  • In Favour of Revenue
  • Citation Number : TS-666-ITAT-2025(DEL)
  • Tax Payer : Ideal Relief Trust
High Court

HC: AO must apply mind, not blindly act on audit flags for initiating reassessment proceedings

May 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-665-HC-2025(DEL)
  • Tax Payer : Springer Healthcare Limited
Income tax Appellate Tribunal

ITAT: Non-consideration of binding judgments, 'mistake apparent from record'; Recalls penalty order

May 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2025(Bang)
  • Tax Payer : Rashtrotthana Parishat
High Court

HC: Assessee to bare own responsibility for failure to opt for lower taxation u/s 115BAA; Rejects inadvertent error plea

May 30, 2025
  • In Favour of Revenue
  • Citation Number : TS-660-HC-2025(DEL)
  • Tax Payer : Sarla Holdings Private Limited