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Rulings ( 13203 results )

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Income tax Appellate Tribunal

ITAT: Upholds FMV based on intrinsic valuation endorsed earlier for similar shares; Deletes addition u/s 56(2)(viib)

Jul 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-930-ITAT-2025(Mum)
  • Tax Payer : Tutor Investment & Finance Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs. 143 cr. addition on customer advances, directs AO to follow consistent accounting method

Jul 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2025(Mum)
  • Tax Payer : KSB Limited
Income tax Appellate Tribunal

ITAT: Quashes PCIT’s revision over highly debatable issue of depreciation on ‘right to collect toll’

Jul 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-946-ITAT-2025(COCH)
  • Tax Payer : Kerala Transport Development Finance Corporation Limited
Income tax Appellate Tribunal

ITAT: Indian National Congress denied Sec. 13A exemption on delayed filing, stricter interpretation prevails

Jul 22, 2025
  • In Favour of Revenue
  • Citation Number : TS-945-ITAT-2025(DEL)
  • Tax Payer : Indian National Congress All India Congress Committee
Income tax Appellate Tribunal

ITAT: Digitally unsigned assessment order legally invalid, non-signing can't be cured later

Jul 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-943-ITAT-2025(DEL)
  • Tax Payer : Outsystems Singapore Pte. Ltd
High Court

HC: Upholds ITAT order quashing Sec.263 order; Twin conditions remained unsatisfied

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-926-HC-2025(DEL)
  • Tax Payer : Hindustan Power Projects Pvt. Ltd
High Court

HC: Reassessment notice u/s 148 during pendency of assessment unsustainable sans determination of income escaping assessment

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-922-HC-2025(DEL)
  • Tax Payer : Salesforce.Com Singapore Pte. Ltd
High Court

HC: Deletes Sec. 68 addition on undervalued property transfer made by shareholders sans company involvement

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-927-HC-2025(DEL)
  • Tax Payer : Snerea Properties Pvt. Ltd
High Court

HC: Quashes reassessment by JAO in central charge case; Follows Venkataramana Reddy ruling

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-942-HC-2025(TEL)
  • Tax Payer : Kings Pride Infra Projects Pvt Ltd
Income tax Appellate Tribunal

ITAT: Film distribution receipts not royalty u/s 9(1)(vi); Directs denovo adjudication bifurcating non-theoretical components

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2025(CHNY)
  • Tax Payer : Gem Entertainment KFT
High Court

HC: Quashes reassessment order passed in name of deceased Assessee over non-service to legal heirs

Jul 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-941-HC-2025(KAR)
  • Tax Payer : MR. SURESH KUMAR CHANNAPPA
Income tax Appellate Tribunal

ITAT: Standard of proof for cash deposits much higher; Sans auditable sales trail, genuineness questionable

Jul 18, 2025
  • In Favour of Revenue
  • Citation Number : TS-938-ITAT-2025(Ahd)
  • Tax Payer : Rashmin Kantilal Vakta
Income tax Appellate Tribunal

ITAT: Emphasizes legislative purpose over procedural rejection; Directs fresh adjudication for Sec. 12AB registration

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-940-ITAT-2025(Ahd)
  • Tax Payer : MAA Sharda Kothari Foundation
High Court

HC: Distinguishing ABG Shipyard, halts assessment proceedings during IBC moratorium

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-939-HC-2025(BOM)
  • Tax Payer : Smaaash Entertainment Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Partnership firms outside ambit of Sec. 56(2)(vii)(b)(ii) for AY 2017-18; Sets aside revision order

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-937-ITAT-2025(Ahd)
  • Tax Payer : Kalptaru Infrabuild
Income tax Appellate Tribunal

ITAT: Upholds Rs. 662 Cr. goodwill depreciation for Reckitt Benckiser; Rejects AO's negative goodwill theory & narrow approach

Jul 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2025(Ahd)
  • Tax Payer : Reckit Benkiser Healthcare India P. Ltd
High Court

HC: Assessee entitled to depreciation on actual cost of revalued assets after Partnership takeover

Jul 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-932-HC-2025(MAD)
  • Tax Payer : Sundaram Spinning Mills (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s arbitrary profit estimation in real-estate business; Upholds Assessee's accounting method

Jul 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-929-ITAT-2025(Mum)
  • Tax Payer : Kavya KCD Developers
Income tax Appellate Tribunal

ITAT: Derivatives not akin to shares; Receipts from derivatives transfer exempt under Art. 13(4) of Indo-Mauritius DTAA

Jul 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-928-ITAT-2025(Mum)
  • Tax Payer : 3 Sigma Global Fund
High Court

HC: Engineering Analysis ratio on royalty final & binding post GE Technology review dismissal

Jul 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-925-HC-2025(DEL)
  • Tax Payer : OVID Technologies Inc.