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Rulings ( 13868 results )

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Income tax Appellate Tribunal

ITAT: No sham transactions sans inquiry, deletes derivative loss addition; Upholds reassessment

Nov 14, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1505-ITAT-2025(Mum)
  • Tax Payer : Excellence Finance Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 54 amendment prospective, allows benefit for foreign property purchased prior to AY 2015-16

Nov 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-1504-ITAT-2025(DEL)
  • Tax Payer : Jagdish Chand Verma
Income tax Appellate Tribunal

ITAT: Settlement for civil suit withdrawal not asset transfer u/s 2(47), given no legally enforceable right in property

Nov 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-1499-ITAT-2025(Mum)
  • Tax Payer : Shireen J. Dastur
Income tax Appellate Tribunal

ITAT: Quashes retrospective Trust-registration cancellation; No invocation of Sec.12AB(4) for violations prior to new regime

Nov 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-1500-ITAT-2025(DEL)
  • Tax Payer : Ram Saran Das Kishori Lal Charitable Trust
Income tax Appellate Tribunal

ITAT: No denial of Sec.23(1)(c) benefit if property remains vacant despite bona fide efforts; Deletes deemed rent addition

Nov 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1498-ITAT-2025(Ahd)
  • Tax Payer : Mohit Vijaykumar Gupta
High Court

HC: Upholds validity of Sec.194A(3) proviso; Rules turnover-based classification for Co-op Societies not violative of Art. 14

Nov 13, 2025
  • In Favour of Revenue
  • Citation Number : TS-1497-HC-2025(KER)
  • Tax Payer : Vellangallur Peoples Welfare Co-Operative Society Ltd
High Court

HC: Quashes Sec.153C notice being time-barred, as issued beyond maximum period of 10 years u/s 153A

Nov 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1496-HC-2025(BOM)
  • Tax Payer : Ashok Khandelwal
Income tax Appellate Tribunal

ITAT: Quashes business income addition u/s 28(va) on share sale, cites consistent with relatives' assessment

Nov 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1495-ITAT-2025(Mum)
  • Tax Payer : Ravi Shroff
Income tax Appellate Tribunal

ITAT: Sec. 69 addition basis WhatsApp chats untenable sans source device/Evidence Act certificate

Nov 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1494-ITAT-2025(Mum)
  • Tax Payer : Niru Dhiren Shah
Income tax Appellate Tribunal

ITAT: Canon entitled to FTC for Japan withholding notwithstanding Sec. 10A exemption

Nov 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1493-ITAT-2025(DEL)
  • Tax Payer : Canon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Co-op bank entitled to first-time claim for deduction u/s 36(1)(viia) despite not routing through P&L

Nov 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1492-ITAT-2025(Mum)
  • Tax Payer : GS Mahanagar Co-operative Bank Limited
High Court

HC: Quashes reassessment notice & order issued to a ‘non-existing entity’; Follows Maruti Suzuki

Nov 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1491-HC-2025(BOM)
  • Tax Payer : Erangal Comtrade and Consultancy LLP
Income tax Appellate Tribunal

ITAT: Subscription fee for access to copyrighted article not ‘royalty’ under India–US DTAA

Nov 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1489-ITAT-2025(DEL)
  • Tax Payer : GSMA Ltd
Income tax Appellate Tribunal

ITAT: Peak balance in Trust’s foreign bank account, not taxable in hands of Indian resident trustee

Nov 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1487-ITAT-2025(Mum)
  • Tax Payer : Dilip J. Thakkar
Income tax Appellate Tribunal

ITAT: Assessee to substantiate payment for "name sake" co-ownership property claim; Remands matter

Nov 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1486-ITAT-2025(Mum)
  • Tax Payer : Vaishali Umesh Naik
High Court

HC: HC: Assessment in deceased Assessee's name valid against legal heirs; Rejects jurisdiction/limitation plea

Nov 11, 2025
  • In Favour of Revenue
  • Citation Number : TS-1485-HC-2025(MAD)
  • Tax Payer : Gowthaman S
Income tax Appellate Tribunal

ITAT: No unbridled power with AO to make de novo variation in final order, not proposed in draft assessment

Nov 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1484-ITAT-2025(DEL)
  • Tax Payer : WTS Engery DMCC
High Court

HC: Tribunal exceeded jurisdiction for sustaining Sec. 263 order on new grounds not raised by CIT(E)

Nov 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1483-HC-2025(KER)
  • Tax Payer : Save A Family Plan (India)
Income tax Appellate Tribunal

ITAT: Membership fee payments to society is not transfer consideration for capital gains; Deletes Sec. 50C addition

Nov 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-1482-ITAT-2025(Mum)
  • Tax Payer : Gautam Jyoti Co-operative HSG Society
Income tax Appellate Tribunal

ITAT: Sec.36(1)(vii) deduction denial is apparent mistake, must be rectified considering settled HC principle

Nov 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-1481-ITAT-2025(Bang)
  • Tax Payer : Union Bank of India [erstwhile Corporation Bank]