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Rulings ( 13406 results )
Income tax Appellate Tribunal
ITAT: Allows Sec. 87A rebate against STCG tax citing no express legislative exclusion
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1054-ITAT-2025(Ahd)
- Tax Payer : Jayshreeben Jayantibhai Palsana
High Court
HC: Remands issue of exemption u/s 10(25) for fresh consideration, emphasizes on concept of 'genuine hardship'
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1045-HC-2025(KAR)
- Tax Payer : Tumkur Veerashaiva Co-Operative Bank Limited
Income tax Appellate Tribunal
ITAT: Partners' profit share alteration basis family arrangement, not 'business arrangement'; Sec. 28(iv) inapplicable
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1053-ITAT-2025(CHNY)
- Tax Payer : Damayanti Ramachandran
Foreign Court
FC: Sharply divided Australian HC hands PepsiCo big win on 'royalty' controversy
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1052-FC-2025(AUS)
- Tax Payer : Pepsico, Inc.
Income tax Appellate Tribunal
ITAT: Allows depreciation on goodwill u/s 32(1) arising from amalgamation scheme; Relies on Smiff Securities
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1051-ITAT-2025(Mum)
- Tax Payer : Aditya Birla Finance Limited
Income tax Appellate Tribunal
ITAT: Revenue’s FMV basis circle/land conversion rates without referring to DVO, unsustainable
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1050-ITAT-2025(DEL)
- Tax Payer : Jaswin Kaur Sethi
High Court
HC: Sets aside ITAT’s order deducting additional sugarcane price from assessee’s profits
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1049-HC-2025(BOM)
- Tax Payer : The Ravalgaon Sugar Farm Ltd
High Court
HC: HC: Grants Assessee final opportunity to contest his case, remits matter; Imposes cost for earlier failures
Aug 12, 2025
- In Favour of Assessee
- Citation Number : TS-1047-HC-2025(MAD)
- Tax Payer : Anguraj Saravana Prabu
High Court
HC: Payment for performance & career management training services not FTS under Singapore DTAA
Aug 12, 2025
- In Favour of Assessee
- Citation Number : TS-1044-HC-2025(KAR)
- Tax Payer : Sony India Software Centre Pvt. Ltd
High Court
HC: Business advance utilisation for personal purpose a 'deemed dividend'; Repayment date irrelevant
Aug 12, 2025
- In Favour of Revenue
- Citation Number : TS-1043-HC-2025(BOM)
- Tax Payer : Jaykumar B. Patil (Deceased)
Income tax Appellate Tribunal
ITAT: Capital gains taxable in year of sale deed execution, not MoU execution year
Aug 12, 2025
- In Favour of Assessee
- Citation Number : TS-1042-ITAT-2025(Mum)
- Tax Payer : Tushar Enterprises
Income tax Appellate Tribunal
ITAT: Salary received in India for services rendered in Malaysia exempt under DTAA
Aug 11, 2025
- In Favour of Assessee
- Citation Number : TS-1041-ITAT-2025(CHNY)
- Tax Payer : Arumugam Rajasekar
Income tax Appellate Tribunal
ITAT: Religious offerings qualify for Sec. 10(23C)(v) benefit; Timely e-audit report filing 'not mandatory'
Aug 11, 2025
- In Favour of Assessee
- Citation Number : TS-1040-ITAT-2025(CHNY)
- Tax Payer : Arulmigu Swaminatha Swami Thirukkovil
Income tax Appellate Tribunal
ITAT: Settles 'relief to poor' vs GPU debate in favour of Trust supporting blind persons
Aug 11, 2025
- In Favour of Assessee
- Citation Number : TS-1039-ITAT-2025(CHNY)
- Tax Payer : Organisation for Rehabilitation of Blind in Trichy
Income tax Appellate Tribunal
ITAT: Clarifies Tax provisions apply to real income, not notional income, upholds CIT(A)’s deletion
Aug 11, 2025
- In Favour of Assessee
- Citation Number : TS-1038-ITAT-2025(DEL)
- Tax Payer : Deepak Kothari
Income tax Appellate Tribunal
ITAT: Recalls order on Revenue’s MA, citing mistake apparent on record u/s 92BA TP adjustment on intra-unit transfer
Aug 09, 2025
- In Favour of Revenue
- Citation Number : TS-1033-ITAT-2025(DEL)
- Tax Payer : Relaxo Footwear Ltd
Income tax Appellate Tribunal
ITAT: Upholds penalty for failure to prove creditor genuineness; Wrong claims causing Revenue loss attract penalty
Aug 09, 2025
- In Favour of Revenue
- Citation Number : TS-1034-ITAT-2025(DEL)
- Tax Payer : Logic Eastern (India) Private Limited
Income tax Appellate Tribunal
ITAT: Quashes revision qua CSR expenditure deductible u/s 80G as AO’s view plausible; Debatable issue not subject to revision
Aug 09, 2025
- In Favour of Assessee
- Citation Number : TS-1035-ITAT-2025(Mum)
- Tax Payer : KKR India Advisors Private Limited
High Court
HC: Quashes prosecution of part-time Director for tax default sans specific charge; Mere reliance on Sec. 278B unsustainable
Aug 09, 2025
- In Favour of Assessee
- Citation Number : TS-1036-HC-2025(BOM)
- Tax Payer : Pinakin Kantilal Patel
High Court
HC: Allows lower 10% LTCG tax claim u/s 112(1)(c)(iii), retrospectively, sans revised return
Aug 09, 2025
- Citation Number : TS-1037-HC-2025(GUJ)
- Tax Payer : Bridgestone Corporation