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Rulings ( 13402 results )

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Income tax Appellate Tribunal

ITAT: RBI Regulations' violation alone can't justify addition u/s 68, given no unexplained credit on share capital

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1171-ITAT-2025(Mum)
  • Tax Payer : Leading Frontier Private Ltd
Income tax Appellate Tribunal

ITAT: SBI not ‘assessee in default’ for non-deduction of TDS on foreign remittances, as payees discharged tax liability

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1170-ITAT-2025(Mum)
  • Tax Payer : State Bank of India
Income tax Appellate Tribunal

ITAT: Deletes interest disallowance u/s 36(1)(iii) absent fresh investments during the AY

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1169-ITAT-2025(Mum)
  • Tax Payer : GRN Finsec Private Limited
Income tax Appellate Tribunal

ITAT: Directs AO to grant corresponding TDS credit on dividend income to co-owners of shares, basis Rule 37BA(2)

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1168-ITAT-2025(Mum)
  • Tax Payer : Ajit Dayal Lalvani
Income tax Appellate Tribunal

ITAT: Loan to Managing Director is deemed dividend, basis lack of evidence for bona fide business purpose

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1167-ITAT-2025(Mum)
  • Tax Payer : Amar Vithaldas Gandhi
Income tax Appellate Tribunal

ITAT: Reassessment u/s 147 without fresh tangible material, invalid, upholds order passed u/s 143(3) r.w. Sec. 153A

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1166-ITAT-2025(CHNY)
  • Tax Payer : KAG India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes loss disallowance for alleged misuse of CCM facility, citing Revenue’s failure to prove

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1165-ITAT-2025(DEL)
  • Tax Payer : Ravi Shankaran
Income tax Appellate Tribunal

ITAT: Penalty u/s 271(1)(c) not leviable on addition based solely on estimation sans direct evidence

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2025(Mum)
  • Tax Payer : Suresh Ukhchand Mehta HUF
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69 addition towards unexplained investment given source duly established

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1158-ITAT-2025(Bang)
  • Tax Payer : Vazhoor Sudarshanan Thampi
Income tax Appellate Tribunal

ITAT: Order u/s 143(3) passed prior to insertion of Sec. 234D cannot be treated as regular assessment

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1152-ITAT-2025(CHANDI)
  • Tax Payer : Hindustan Unilever Ltd
Income tax Appellate Tribunal

ITAT: Allows depreciation on business/commercial rights arising from slump sale, follows earlier ruling

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2025(Mum)
  • Tax Payer : Thermo Fisher Scientific India Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 249(4)(b) liability of advance-tax to be calculated on ‘admitted income’, not ‘assessed income’

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1146-ITAT-2025(Ahd)
  • Tax Payer : Laxmanji Khodaji Solanki (Thakor)
Income tax Appellate Tribunal

ITAT: “Sufficient cause” a condition precedent for exercising discretionary power for delay condonation; Dismisses plea

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1164-ITAT-2025(HYD)
  • Tax Payer : Dinesh Daga
High Court

HC: Dismisses Assessee's claim for Sec. 10(37) exemption due to failure to prove agricultural activity on property

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1163-HC-2025(KER)
  • Tax Payer : George Stanley
Income tax Appellate Tribunal

ITAT: Revenue duty bound to assist taxpayer to claim relief u/s 80G(5), cannot reject application on mere technical mistake

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2025(ASR)
  • Tax Payer : IIT Ropar Technology
High Court

HC: Reasons for reopening assessment cannot be improved upon at later stage; Quashes reassessment

Sep 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1160-HC-2025(BOM)
  • Tax Payer : Stock Holding Corporation of India Ltd
Supreme Court

SC: Expanding ‘Sikkimese’ word a matter of legislative policy, restricted to Income-tax purpose; Dismisses SLP

Sep 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1159-SC-2025
  • Tax Payer : Doma T Bhutia
Income tax Appellate Tribunal

ITAT: Charitable Trusts can carry forward deficits from capital expenditure; Remands matter to verify deficit

Sep 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1157-ITAT-2025(Bang)
  • Tax Payer : G. Mallikarjunappa Halamma Trust
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition for family gifts, cites creditworthiness cannot be measured by income alone

Sep 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1156-ITAT-2025(Mum)
  • Tax Payer : Chander Arjandas Manwani
Income tax Appellate Tribunal

ITAT: Assessee's narrative of identity theft lacks credibility & corroboration; Upholds addition u/s 68

Sep 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1155-ITAT-2025(SUR)
  • Tax Payer : Vijay Bhandari