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Rulings ( 13722 results )

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Income tax Appellate Tribunal

ITAT: Gift from Brother-in-Law exempt u/s 56(2)(vii), no gift-deed required; Quashes addition

Nov 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-1455-ITAT-2025(Kol)
  • Tax Payer : Deb Prasanna Choudhury
Income tax Appellate Tribunal

ITAT: Rejects PCIT's 'lack of enquiry' inference; Upholds AO's due enquiry of ESOP cost deduction as legally correct

Nov 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-1454-ITAT-2025(Mum)
  • Tax Payer : Nuvama Wealth Management Limited
Income tax Appellate Tribunal

ITAT: Criticizes Revenue's contradictory stand on share-sale treated as genuine in prior AY; Deletes Sec. 68 addition

Nov 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-1452-ITAT-2025(Kol)
  • Tax Payer : Alco Suppliers Private Limited
Income tax Appellate Tribunal

ITAT: Upholds DVO valuation for LTCG under amended Sec. 142A; Rules Sec. 155(15) inapplicable

Nov 05, 2025
  • In Favour of Revenue
  • Citation Number : TS-1451-ITAT-2025(Kol)
  • Tax Payer : Bimla Devi Agrawal
Income tax Appellate Tribunal

ITAT: Income from tissue culture activity, agricultural income exempt u/s 10(1), not business income

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1450-ITAT-2025(Bang)
  • Tax Payer : Satyenra Kumar Gutgutia
Income tax Appellate Tribunal

ITAT: ALV to be computed only for let-out portion; Holds valuation basis MagicBricks’ rates, not scientific

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1449-ITAT-2025(DEL)
  • Tax Payer : Asha Burman
Income tax Appellate Tribunal

ITAT: Deletes addition for alleged profit-shifting via CCM; Holds F&O trades genuine, not colourable device

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1448-ITAT-2025(Mum)
  • Tax Payer : Harendra Pratapray Doshi (HUF)
Income tax Appellate Tribunal

ITAT: AO exceeded power by probing issues not raised in limited scrutiny notice u/s 143(2); Quashes assessment order

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1447-ITAT-2025(Bang)
  • Tax Payer : Vedavathi Gangoor Mariappa
Income tax Appellate Tribunal

ITAT: Citing ‘real income’ principle, allows expenditure deduction despite delay in filing Form 10B

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-1446-ITAT-2025(Bang)
  • Tax Payer : Seva Bharathi Trust
Income tax Appellate Tribunal

ITAT: Quashes assessment order as notice u/s 143(2) not in format prescribed by CBDT Circular

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1445-ITAT-2025(Rjt)
  • Tax Payer : Nihal Projects
Income tax Appellate Tribunal

ITAT: Confirms 75% extrapolation of management quota donations, cites systematic pattern of unaccounted income

Nov 04, 2025
  • In Favour of Revenue
  • Citation Number : TS-1444-ITAT-2025(Ahd)
  • Tax Payer : Sigma Institute of Technology & Engineering
High Court

HC: Can't use Sec. 139(9) compliance rigours to deny Sec. 44AF presumptive taxation benefits; Allows refund

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1443-HC-2025(TEL)
  • Tax Payer : Mohd.Amzad
High Court

HC: Provisions of Sec. 153C inapplicable as search initiated post April 1, 2021; Quashes notices u/s 153C

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1442-HC-2025(MAD)
  • Tax Payer : Harigovind
High Court

HC: Holds Assessee’s receipt as salary, not professional fee sans proof of services rendered

Nov 04, 2025
  • In Favour of Revenue
  • Citation Number : TS-1441-HC-2025(KAR)
  • Tax Payer : Mukesh Gupta
High Court

HC: Shoots down Revenue's attempt to artificially 'fragment' transaction; Upholds slump sale characterisation

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1440-HC-2025(TEL)
  • Tax Payer : Spectra Shares and Scrips Limited
Income tax Appellate Tribunal

ITAT: Enabling provision u/s 56(2)(x)(b)(B) cannot apply retrospectively; Deletes addition for AY 2012-13

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-1439-ITAT-2025(Mum)
  • Tax Payer : KBJ Developers Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows carry forward of capital loss to Sahara India on sale of shares held as investment & not stock-in-trade

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1436-ITAT-2025(DEL)
  • Tax Payer : Sahara India Corp Investment Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec. 271B penalty for failure to audit record absent maintenance of books u/s 44AA

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1434-ITAT-2025(Mum)
  • Tax Payer : Fairdeal Medical and General Stores
Income tax Appellate Tribunal

ITAT: Benefit u/s 115BAA cannot be denied for non-filing of Form 10IC in subsequent-year once validly exercised earlier

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1438-ITAT-2025(Bang)
  • Tax Payer : Arrow Electronics India Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 263 proceedings invalid due to plausible view by AO sans prejudice to Revenue

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1432-ITAT-2025(Mum)
  • Tax Payer : Ram Baburao Salve