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Rulings ( 12602 results )

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Income tax Appellate Tribunal

ITAT: Quashes Sec. 263 revision, Sec. 56(2)(viib) inapplicable to share issuance between holding & subsidiary

Mar 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2025(DEL)
  • Tax Payer : Oyo Hotels & Homes Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Bad debt written-off allowable u/s 36(1)(vii) if provision added back to income; Violates double taxation principle

Mar 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2025(DEL)
  • Tax Payer : Thomson Press India Ltd
High Court

HC: Revenue not entitled to adjust refund against demand arising out of non-existent penalty order

Mar 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-161-HC-2025(BOM)
  • Tax Payer : Laqshya Media Limited
Income tax Appellate Tribunal

ITAT: Third party an independent consultant, provides similar services to others, no DAPE under DTAA

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2025(DEL)
  • Tax Payer : ESM Group Inc.
Income tax Appellate Tribunal

ITAT: ABET Trust not within purview of “specified person” u/s 13(3), interest expenditure disallowance unwarranted

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2025(Mum)
  • Tax Payer : Vaibhav Medical and Education Foundation
Supreme Court

SC: Citing delay, dismisses assessee's SLP against prosecution initiation; Trial Court to consider maintainability plea

Feb 28, 2025
  • In Favour of Revenue
  • Citation Number : TS-156-SC-2025
  • Tax Payer : S.J. Suryah
Income tax Appellate Tribunal

ITAT: Assessment u/s 143(3) r.w.s 153A without jurisdiction, sans incriminating material, allows ITAT Rule 27 invocation

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2025(Mum)
  • Tax Payer : Premier Marine Products Pvt. Ltd
High Court

HC: Confirms ITAT ruling in Voda-Essar on Sec. 194C vs 194J TDS ; Finds no 'perversity'

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-153-HC-2025(BOM)
  • Tax Payer : Vodafone Essar Ltd
Income tax Appellate Tribunal

ITAT: Hire charges of bareboat charter not royalty, business income not attributable sans Assessee’s PE in India

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2025(CHNY)
  • Tax Payer : Baggerwerken Decloedt En Zoon
Income tax Appellate Tribunal

ITAT: Sec. 56(2)(viib) Invocation unwarranted; Rejects Revenue's application of two methods to one composite transaction

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2025(CHNY)
  • Tax Payer : Gateway Office Parks Private Limited
Income tax Appellate Tribunal

ITAT: Compensation received for relinquishment of ‘right to sue’, capital receipt, not chargeable to tax

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2025(Mum)
  • Tax Payer : Shelter Developers
High Court

HC: Quashes reassessment, basis same material as original assessment; Change of opinion not permissible

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-149-HC-2025(BOM)
  • Tax Payer : Lupin Limited
High Court

HC: No interest on refund of excess TDS, even if refund is genuine, delay attributable to Assessee

Feb 27, 2025
  • In Favour of Revenue
  • Citation Number : TS-148-HC-2025(KAR)
  • Tax Payer : Subash Menon
High Court

HC: Rebuttal of presumption u/s 278E before Trial Court, Assessee to prove no willful delay in return filing

Feb 26, 2025
  • In Favour of Revenue
  • Citation Number : TS-147-HC-2025(KAR)
  • Tax Payer : Rajkumar Agarwal
High Court

HC: Tribunal exceeded jurisdiction u/s 254(2), rectification is not akin to substantial review

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-146-HC-2025(BOM)
  • Tax Payer : Procter and Gamble Home Products Private Limited
High Court

HC: No tangible material brought on ‘record’ for invocation of revisional jurisdiction u/s 263

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-981-HC-2024(MAD)
  • Tax Payer : S. Krishna Kumar
Income tax Appellate Tribunal

ITAT: Deletes deemed dividend addition; Assessee not shareholder, partners hold substantial interest in lender entity

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2025(DEL)
  • Tax Payer : Windlass Steel Crafts LLP
Income tax Appellate Tribunal

ITAT: Corroboration of whatsapp communication imperative for addition u/s 69C, deletes addition based on electronic images

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-143-ITAT-2025(Mum)
  • Tax Payer : Prashant Prakash Nilawar
Income tax Appellate Tribunal

ITAT: Reimbursement of GIS charges for group use not FTS, sub-letting software license not transfer of skill

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2025(Bang)
  • Tax Payer : Atkins Realis UK Limited
Income tax Appellate Tribunal

ITAT: Disallows artificial loss from commodity transactions as not genuine, intention to reduce profits from share

Feb 25, 2025
  • In Favour of Revenue
  • Citation Number : TS-141-ITAT-2025(Mum)
  • Tax Payer : Vision Millenium Exports P. Ltd