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Rulings ( 12604 results )

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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
Income tax Appellate Tribunal

ITAT: Assessee entitled to new tax regime benefits u/s 115BAC, Form 10-IE valid on date of processing return

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2025(Mum)
  • Tax Payer : Krishna Gopal Diwvedi HUF
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, basis loose sheets seized in search, no evidence linking loose sheets to transactions

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2025(Bang)
  • Tax Payer : D. K. Shivakumar
High Court

HC: Quashes reassessment on Maruti Suzuki, full & true disclosures made, tantamount to change of opinion

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-138-HC-2025(DEL)
  • Tax Payer : Maruti Suzuki India Ltd
Income tax Appellate Tribunal

ITAT: PCIT’s conclusion u/s 263 unsustainable, interest & penalty of compensatory nature, dissimilar to license fees

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2025(DEL)
  • Tax Payer : Bharti Airtel Limited
Supreme Court

SC: Automatic exemption u/s 10/11 not granted on Sec. 12AA registration, AO to satisfy claim is genuine

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-135-SC-2025
  • Tax Payer : International Health Care Education And Research Institute
Income tax Appellate Tribunal

ITAT: Suo moto disallowance u/s 14A not underreporting for penalty u/s 270A; Remits matter

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-130-ITAT-2025(DEL)
  • Tax Payer : Max Ventures Investment Holdings Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Substantive justice cannot be denied on failure to file Form 68, deletes penalty u/s 270A

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2025(CHNY)
  • Tax Payer : New Dawath Traders
Income tax Appellate Tribunal

ITAT: Quashes reassessment initiated on alleged 'bogus loans', Assessee made full disclosure

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2025(PUN)
  • Tax Payer : Manoj Madanlal Chhajed
Income tax Appellate Tribunal

ITAT: Deletes Sec. 40(a)(ia) disallowance on Vodafone's prepaid distributor discounts; Relies on Bharti Cellular judgment

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2025(CHNY)
  • Tax Payer : Vodafone Mobile Services Ltd.
Income tax Appellate Tribunal

ITAT: Denies weighted deduction u/s 35(2AB), R&D expenditure without DSIR approval invalid

Feb 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2025(CHNY)
  • Tax Payer : Ashok Leyland Ltd.
Income tax Appellate Tribunal

ITAT: Trademark sale gains prior to FA 1998 qualify as LTCG; Sec. 50 inapplicable to pre-amended intangibles

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2025(Mum)
  • Tax Payer : Johnson & Johnson Private Limited
High Court

HC: Nokia India not fixed place PE/DAPE, subsidiary doesn't ipso-facto consitute PE; Dismisses Revenue appeal

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-132-HC-2025(DEL)
  • Tax Payer : Nokia Networks OY
Income tax Appellate Tribunal

ITAT: Comparative sale transaction shows suppression of sale consideration, upholds disallowance of capital loss

Feb 21, 2025
  • In Favour of Revenue
  • Citation Number : TS-129-ITAT-2025(CHANDI)
  • Tax Payer : Sahibzada Timber & Ply Private Limited
Supreme Court

SC: Dismisses HUDCO’s review petition on issue of disallowance of de-recognition of NPA interest

Feb 21, 2025
  • In Favour of Revenue
  • Citation Number : TS-128-SC-2025
  • Tax Payer : Housing And Urban Development Corporation Limited
Income tax Appellate Tribunal

ITAT: Compensation received on compulsory land acquisition by NHAI, tax exempt u/s 10(37)

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2025(DEL)
  • Tax Payer : Harry Township Limited
High Court

HC: Principle of natural justice violated, fundamental right under Art. 14 of Constitution; Sets aside ITAT order

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-126-HC-2025(BOM)
  • Tax Payer : Vijay Shrinivasrao Kulkarni
Income tax Appellate Tribunal

ITAT: Capital gains taxable u/s 45, not a demerger u/s 2(19AA)(ii)&(iii) but transfer of capital asset

Feb 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-125-ITAT-2025(Ahd)
  • Tax Payer : Reckitt Benckiser Healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Earlier AYs interest written off, not “total sales”, “turnover”, or “gross receipts” u/s 44AB; ROI not defective

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2025(Mum)
  • Tax Payer : Bellona Estate Developers Ltd