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Rulings ( 13721 results )

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Income tax Appellate Tribunal

ITAT: AO lacks jurisdiction to reassess income already settled by ITSC order; Quashes assessment u/s 153A

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1675-ITAT-2025(Mum)
  • Tax Payer : UPL Limited
Income tax Appellate Tribunal

ITAT: Subsidiary a deemed listed company u/s 2(18) by acquisition of shares by public listed company; Deletes addition u/s 56(2)(viib)

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1647-ITAT-2025(CHNY)
  • Tax Payer : Asirvad Micro Finance Limited
Income tax Appellate Tribunal

ITAT: Delay in filing Form 10B procedural; Sec. 11 exemption allowed if filed during appellate proceedings

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1674-ITAT-2025(Ahd)
  • Tax Payer : Kanchanba Education Trust
Income tax Appellate Tribunal

ITAT: Accumulation u/s 11(2) cannot be denied for vague Form 10 if purpose aligns with Trust’s objective

Dec 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1673-ITAT-2025(Mum)
  • Tax Payer : Harmony Foundation
Income tax Appellate Tribunal

ITAT: Limitation period computed from date of panchnama concluding search; Quashes time-barred assessment u/s 153B

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1672-ITAT-2025(Bang)
  • Tax Payer : Sri Srinivasa Educational & Charitable Trust
Income tax Appellate Tribunal

ITAT: Mandatory CSR expenditure eligible for deduction u/s 80G, voluntariness no prerequisite

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1671-ITAT-2025(Mum)
  • Tax Payer : GIA India Laboratory Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes penalty u/s 271(1)(c) for inconsistent satisfaction on bona fide guarantor related expenditure sans concealment

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1629-ITAT-2025(Mum)
  • Tax Payer : Khanna Rayon Industries Pvt. Ltd
High Court

HC: IBC prevails over PBPT; Sec. 32A encompasses all properties of corporate debtor including attached benami property

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1670-HC-2025(MAD)
  • Tax Payer : Milan Textile Enterprises Pvt. Ltd
High Court

HC: Sec. 143(1) intimation merges into Sec. 143(3) order; Quashes disallowance of Sec. 10B deduction

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1669-HC-2025(BOM)
  • Tax Payer : Halliburton Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Assessment completed under ‘E proceedings’ but signed manually, violative of CBDT instruction; Digital signature mandatory

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1668-ITAT-2025(DEL)
  • Tax Payer : Outsytems Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: Grants vacancy allowance u/s 23(1C) to Azim Premji; Deletes notional rent on property for lack of demand in remote areas

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1667-ITAT-2025(Bang)
  • Tax Payer : Azim Hasham Premji
Income tax Appellate Tribunal

ITAT: Rules AO cannot use Sec. 147 to circumvent expiry of Sec. 153B deadline; Search assessment time-barred

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1666-ITAT-2025(Bang)
  • Tax Payer : Aakruti Ruia
Income tax Appellate Tribunal

ITAT: Adopts original agreement date for FMV as per proviso to Sec. 56(viib)(ii)/50C; Deletes addition

Dec 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1665-ITAT-2025(Ahd)
  • Tax Payer : Himmatbhai M Patel
Supreme Court

SC: Calls out "lethargic"/"negligent" Officers, refuses to condone 900 days SLP filing delay

Dec 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1664-SC-2025
  • Tax Payer : Shriram City Union Finance Co Ltd
High Court

HC: AO's original order silent on Sec. 80HHC claim, justifies invocation of Sec. 147 Explanation 2; Upholds reassessment

Dec 16, 2025
  • In Favour of Revenue
  • Citation Number : TS-1663-HC-2025(MAD)
  • Tax Payer : Jasmine Towels (P) Ltd.
Income tax Appellate Tribunal

ITAT: Outstanding loan a capital liability; Sec. 41(1) inapplicable absent remission/ write back of liability

Dec 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1662-ITAT-2025(DEL)
  • Tax Payer : J L G Developers Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment for non-compliance with Sec.147 & Sec. 151, basis documents procured through RTI

Dec 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1661-ITAT-2025(DEL)
  • Tax Payer : Anchor Alloys (P) Ltd.
Income tax Appellate Tribunal

ITAT: AO's failure to conduct independent inquiry vitiates Sec. 68 addition; Deletes loan addition

Dec 16, 2025
  • Citation Number : TS-1660-ITAT-2025(DEL)
  • Tax Payer : Surender Singh Sangwan
Income tax Appellate Tribunal

ITAT: Interest component paid under one-time settlement with lenders, deductible u/s 43B

Dec 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1658-ITAT-2025(DEL)
  • Tax Payer : Bhartiya Samruddhi Finance Ltd
Income tax Appellate Tribunal

ITAT: Allows TDS credit not claimed in ITRs but during passing of order giving effect by AO

Dec 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-1657-ITAT-2025(Mum)
  • Tax Payer : Daiwa Capital Markets India Private Limited