Rulings ( 12913 results )

ITAT: Deletes addition u/s 68 as requisite taxes already paid on declared gross receipts

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2025(Mum)
  • Tax Payer : Ramel Ajit Singh

ITAT: No penalty u/s 271(1)(c) on income assessed on protective basis

  • In Favour of Assessee
  • Citation Number : TS-583-ITAT-2025(Mum)
  • Tax Payer : Satya Kim Yashpal

ITAT: Quashes CIT(A)’s ex parte order given notices sent during COVID-period to ex-employee’s email

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2025(Bang)
  • Tax Payer : Khajiabdul Karimsab Anwar Bhasha

ITAT: Following principle of consistency, deletes additions on interest income and STCG

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2025(Kol)
  • Tax Payer : Assam Infrastructure Financing Authority

HC: CBDT instruction a guiding note, not regulation; Quashes ITAT order for wrongly elevating CBDT instruction

  • In Favour of Revenue
  • Citation Number : TS-586-HC-2025(CAL)
  • Tax Payer : P L Goenka Huf

HC: Clerical error not grounds for rejecting return; Allows revision after curing checkbox defect

  • In Favour of Assessee
  • Citation Number : TS-584-HC-2025(DEL)
  • Tax Payer : Nikon Finlease Pvt. Ltd

PBPTAT: Upholds attachment in Benami property case involving scheduled caste land transfer scheme

  • In Favour of Assessee
  • Citation Number : TS-576-PBPTAT-2025(DEL)
  • Tax Payer : Hemraj Dhobhi

ITAT: DSIR approves R&D facility, not the expenditure; Clarifies no expenditure cap by DSIR pre-amendment to Rule 6(7A)

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2025(CHNY)
  • Tax Payer : Carborundum Universal Limited

HC: No authority for debatable issue adjustment u/s 143(1)(a); Revenue to use scrutiny u/s 143(3)

  • In Favour of Assessee
  • Citation Number : TS-580-HC-2025(CHAT)
  • Tax Payer : Raj Kumar Bothra

HC: Entertainment tax subsidy provided by State Govt. to PVR Ltd. is capital receipt not liable to tax

  • In Favour of Assessee
  • Citation Number : TS-577-HC-2025(DEL)
  • Tax Payer : PVR Ltd

ITAT: Assessee victim of malpractice by tax consultant; Deletes penalty as taxes paid prior to Sec. 148 notice

  • In Favour of Assessee
  • Citation Number : TS-574-ITAT-2025(PUN)
  • Tax Payer : Sachin Baban Shinde

HC: Interprets 'one residential house', cites multiple floors ownership doesn't disqualify Sec. 54F deduction

  • In Favour of Assessee
  • Citation Number : TS-572-HC-2025(DEL)
  • Tax Payer : Lata Goel

ITAT: Assessee eligible for Sec. 54F exemption; Rules gifted house doesn't disqualify Assessee u/s 54F(1)

  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2025(HYD)
  • Tax Payer : Narasimha Reddy Duthala

ITAT: Denies LTCG exemption u/s 10(38) on penny stocks investment, cites transaction to route unaccounted money

  • In Favour of Revenue
  • Citation Number : TS-570-ITAT-2025(JPR)
  • Tax Payer : Karuna Jain

HC: Affirms ITAT’s order, condonation rightly dismissed as delay due to Assessee’s gross negligence

  • In Favour of Assessee
  • Citation Number : TS-569-HC-2025(MP)
  • Tax Payer : C.I. Builders Private Limited

HC: Assessee not in default for deducting tax at lower rate since payee obtained lower tax certificate

  • In Favour of Assessee
  • Citation Number : TS-568-HC-2025(DEL)
  • Tax Payer : Conner Institute Of Health Care And Research Center Pvt. Ltd

HC: Sec. 153C notice cannot be issued if no incriminating material found in search; Sec. 132(4) statement not incriminating

  • In Favour of Assessee
  • Citation Number : TS-565-HC-2025(DEL)
  • Tax Payer : Rakesh Babbar

ITAT: Rejects AO's plea of beneficiaries in US, allows DTAA benefits; Refutes treaty abuse allegations as fallacious

  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2025(DEL)
  • Tax Payer : Gagil FDI Ltd

ITAT: Third Member clarifies Sec. 153A intended for single assessment post search, not parallel proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2025(Ahd)
  • Tax Payer : Benefit Tradelink Ltd

ITAT: Explains expression ‘derived from’ different than 'attributable to' for Sec. 80IC computation, includes net interest

  • In Favour of Revenue
  • Citation Number : TS-564-ITAT-2025(Kol)
  • Tax Payer : La Opala RG Ltd