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Rulings ( 12588 results )

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Income tax Appellate Tribunal

ITAT: Incorrect invocation of Sec. 69C, payments duly shown in books, no adverse material against Assessee

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2025(Mum)
  • Tax Payer : Milestone Finvest Limited
Income tax Appellate Tribunal

ITAT: Rights entitlement akin to derivatives, not same as "Shares"; STCG exempt under Ireland DTAA

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2025(Mum)
  • Tax Payer : Vanguard Emerging Markets Stock Index Fund A Series of VISPLC
Income tax Appellate Tribunal

ITAT: Affirms assessment reopening validity, cites approval u/s 151 granted by CIT not mechanical

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2025(DEL)
  • Tax Payer : Green Mark Infra Limited
High Court

HC: Directs expeditious disposal of Assessee’s appeal within 3 months from date of order

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-230-HC-2025(BOM)
  • Tax Payer : WSFx Global Pay Limited
High Court

HC: Digital records constitute 'Books of Account', slams CA for " accommodation racket", upholds Sec. 68 addition

Mar 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-227-HC-2025(BOM)
  • Tax Payer : Buniyad Chemicals Ltd
Income tax Appellate Tribunal

ITAT: No reasons recorded, initiation & completion of reassessment by different officers, notice u/s 148 time barred

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2025(Mum)
  • Tax Payer : Susheel Kumar Govindram Saraff
Income tax Appellate Tribunal

ITAT: Additions based on 'Peak Theory' inapplicable, diary entries of abstract nature; Deletes addition

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2025(DEL)
  • Tax Payer : Munesh Tyagi
Income tax Appellate Tribunal

ITAT: Deletes penalty order u/s 271D as barred by limitation, 'due date' beyond period specified under TOLA

Mar 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2025(HYD)
  • Tax Payer : Sireesha Pochareddy
Income tax Appellate Tribunal

ITAT: Assessee not in-default, not liable TDS u/s 194-O, not being an e-commerce operator

Mar 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2025(Mum)
  • Tax Payer : Riya Travel and Tours (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Half sale consideration paid to booking agent, not justified, confirms actual receipts as sale consideration

Mar 17, 2025
  • In Favour of Revenue
  • Citation Number : TS-222-ITAT-2025(Ahd)
  • Tax Payer : Neptune Plastic Corporation
Income tax Appellate Tribunal

ITAT: Deletes addition, sale of residential flat considered as LTCG, no infirmity in capital gain computation

Mar 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2025(Mum)
  • Tax Payer : Mohammed Farhan Mohammed Yunus Attarwala
Income tax Appellate Tribunal

ITAT: Interest on borrowed funds in convertible debentures to acquire substantial control, deductible u/s 36(1)(iii)

Mar 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2025(Mum)
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Non-adherence to Sec.144C procedure 'incurable defect', assessment order unsustainable

Mar 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2025(Mum)
  • Tax Payer : Feedertech Pte. Ltd.
Income tax Appellate Tribunal

ITAT: Sec. 14A disallowance attracted on net interest expense; Relies on Jubilant judgment

Mar 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2025(Mum)
  • Tax Payer : Shringar Developers Private Limited
Income tax Appellate Tribunal

ITAT: Discount on ESOP allowable as revenue expenditure u/s 37(1)

Mar 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2025(Mum)
  • Tax Payer : Avendus Capital Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: No interference warranted in CIT(A)’s order, upholds claim u/s 54F

Mar 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-220-ITAT-2025(DEL)
  • Tax Payer : Rikant Pittie
Income tax Appellate Tribunal

ITAT: Addition u/s 56(2)(vii)(b) ‘unsustainable’ since stamp-duty difference was less than 5% of consideration

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2025(Mum)
  • Tax Payer : Surajmal Mistry HUF
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69 addition given Assessee opted for presumptive taxation u/s 44AD

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2025(Bang)
  • Tax Payer : Prakash Praveen Kumar
Income tax Appellate Tribunal

ITAT: Section 69A inapplicable, undeclared balance amount to be added as profits & gains of business

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2025(Bang)
  • Tax Payer : Sri Veerabhadreshwara Arecanut Company
Income tax Appellate Tribunal

ITAT: Assessee entitled to new-tax regime benefits u/s 115BBA despite delay in filing Form 10IC

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2025(Mum)
  • Tax Payer : Oceanic Trade Minerals Pvt. Ltd