Rulings ( 12916 results )

HC: Distinguishing Delhi HC rulings, affirms genuineness of high share premium transaction

  • In Favour of Assessee
  • Citation Number : TS-524-HC-2025(CAL)
  • Tax Payer : Wise Investment Private Limited

ITAT: Addition towards interest accrued being not recoverable basis debtor becoming NPA, not warranted

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2025(Mum)
  • Tax Payer : Rare Enterprises

ITAT: Reasons recorded by AO basis vague info. reflects non-application undermining reopening

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2025(Mum)
  • Tax Payer : Dipti Sureshchandra Bajaj

ITAT: Restricts bogus-purchase addition u/s 69C to 5% GP rate, cites Assessee proved genuineness

  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2025(Mum)
  • Tax Payer : Khimchand Okchand Bhansali

ITAT: Quashes reassessment citing failure to serve notice on UAE-based Assessee’s correct address

  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2025(Mum)
  • Tax Payer : Aptivaa Middle East FZE

ITAT: Upholds CIT(A) Order restricting bogus purchase addition, follows Assessee’s earlier case

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2025(Mum)
  • Tax Payer : Icon Infotech Private Limited

ITAT: No transfer of firm assets or benefit accrued to partners for invocation of Sec. 45(4)

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2025(Bang)
  • Tax Payer : Anand Diagnostic Laboratory

ITAT: Non-resident's independent services not FTS, no TDS liability under India-Sri Lanka & Kenya DTAA

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2025(DEL)
  • Tax Payer : Sujan Luxury Hospitality Pvt. Ltd

ITAT: Pardons inadvertent error in Form 3CD, asserts power to adjudicate issues basis revised TAR

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2025(Mum)
  • Tax Payer : Kopran Ltd

ITAT: Donations from Ketto platform unutilized for intended purpose, diverted for personal use, taxable u/s 56(2)(x)

  • In Favour of Revenue
  • Citation Number : TS-516-ITAT-2025(Mum)
  • Tax Payer : Rana Ayyub Shaikh

HC: Invokes 'reasonable cause' doctrine u/s 273B, quashes penalty on loan repayment in cash

  • In Favour of Assessee
  • Citation Number : TS-515-HC-2025(CHAT)
  • Tax Payer : Sandeep Kaur Gill

HC: CIT(A) must conduct inquiry, formulate points even when assessee doesn't show up

  • In Favour of Both, Partially
  • Citation Number : TS-514-HC-2025(CHAT)
  • Tax Payer : Adim Jati Seva Sahkari

HC: Invokes 'substance' u/s 292B to uphold otherwise defective notice; Reverses ITAT

  • In Favour of Revenue
  • Citation Number : TS-513-HC-2025(GAUH)
  • Tax Payer : Shankar Lall Goenka

ITAT: Holds no piecemeal use of search findings; Allows unaccounted expense deduction from on-money receipt

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2025(Mum)
  • Tax Payer : Roshni Enterprises

ITAT: Lifting of corporate veil unjustified, sans allegations of tainted money; Assessees not beneficial owners of assets

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2025(DEL)
  • Tax Payer : Pradeep Wig

HC: Criticizes ITAT for not referring to larger bench; Sec. 55 applies to COA computation on liquidation

  • In Favour of Assessee
  • Citation Number : TS-507-HC-2025(MAD)
  • Tax Payer : T.R.Balasubramanium

ITAT: BMA assessment invalid, tax leviable in year of Sec. 10 notice, not asset discovery

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2025(CHNY)
  • Tax Payer : Smt. Elangovan Malarmangai @ Swetha

HC: Restricts Revenue's power to re-examine company's books, cannot probe accounts for Sec. 115J beyond adjustments

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2025(BOM)
  • Tax Payer : Mahindra & Mahindra Ltd

HC: Sec. 153A notice restricted to 6 AYs sans asset-based income escape allegation

  • In Favour of Assessee
  • Citation Number : TS-505-HC-2025(DEL)
  • Tax Payer : Smart Chip Private Limited

ITAT: Services rendered FTS but ‘make available’ condition unsatisfied under Article 12(4) of India-US DTAA

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2025(DEL)
  • Tax Payer : Crocs Inc.