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Rulings ( 13253 results )

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Income tax Appellate Tribunal

ITAT: Holds option price received by Dabur, being advance against sale of shares, as capital receipt

Jun 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-730-ITAT-2025(DEL)
  • Tax Payer : Dabur Invest Corp
High Court

HC: NRI gets full TDS credit for property sale despite buyers' procedural lapse

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-727-HC-2025(DEL)
  • Tax Payer : Parag Keshav Bopardikar
Income tax Appellate Tribunal

ITAT: Excise duty exemption non-taxable being ‘capital receipt'; First additional claim before CIT(A), valid

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-726-ITAT-2025(DEL)
  • Tax Payer : P.C. Jeweller Limited
High Court

HC: DTVsV benefit not applicable to large tax arrears where disputed tax exceeds Rs. 5 cr.

Jun 09, 2025
  • In Favour of Revenue
  • Citation Number : TS-725-HC-2025(MAD)
  • Tax Payer : Future Plus Enterprise
Income tax Appellate Tribunal

ITAT: Restores matter for reference to DVO; Rules Sec.50C applies instead of Sec.43CA on sale of fixed asset

Jun 09, 2025
  • In Favour of Revenue
  • Citation Number : TS-724-ITAT-2025(Mum)
  • Tax Payer : Ritu Multitrade Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows STCG claim for genuine equity transactions absent proof of involvement in penny-stock manipulation

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-723-ITAT-2025(PUN)
  • Tax Payer : Sonal Ashish Shah
Income tax Appellate Tribunal

ITAT: Business setup expenses deductible even before revenue generation, as business is 'Ready to Function'

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-722-ITAT-2025(DEL)
  • Tax Payer : Aricent Technologies (Holding) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejection of books of accounts unjustified as no discrepancy pointed out or discrepancy is bereft of reason

Jun 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2025(DEL)
  • Tax Payer : Pioneer Fabricators (P) Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 271(1)(c) on capital gain deductions u/s 54EC & 54F claimed in belated ITR

Jun 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-720-ITAT-2025(Ahd)
  • Tax Payer : Tejas Ghanshyambhai Patel
High Court

HC: Quashes reassessment beyond 4 years, Assessee declared fully & truly all facts in original assessment

Jun 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-719-HC-2025(GUJ)
  • Tax Payer : Jagdish Rasiklal Dave
High Court

HC: Lifetime non-refundable club entrance fees, capital receipts; Relies on Royal Western judgement

Jun 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-714-HC-2025(MAD)
  • Tax Payer : Chennai Corporate Club (P) Ltd
High Court

HC: Allows Sec. 10AA deduction on belated Form 56F filing; Technical breach in procedural requirement not fatal to substantive claim

Jun 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-712-HC-2025(MAD)
  • Tax Payer : Astrotech Steels Private Limited
Foreign Court

FC: Taxpayer not entitled to group-loss relief u/s 411 as Parent Co. not US resident basis fiscal transparency

Jun 06, 2025
  • In Favour of Revenue
  • Citation Number : TS-718-FC-2025(IRL)
  • Tax Payer : Susquehanna International Securities Limited
Income tax Appellate Tribunal

ITAT: FRRO data & visas confirm Indian residency of Assessee; Holds global income exigible in India

Jun 06, 2025
  • In Favour of Revenue
  • Citation Number : TS-717-ITAT-2025(CHNY)
  • Tax Payer : M. Mahadevan
Income tax Appellate Tribunal

ITAT: Expenditure towards aligning physical appearance of Indian stores with global H&M standards, allowable u/s 37

Jun 06, 2025
  • In Favour of Revenue
  • Citation Number : TS-716-ITAT-2025(DEL)
  • Tax Payer : H & M Hennes & Mauritz Retial Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Agricultural land falls under "Immovable Property" for Sec. 56(2)(x) valuation; Remands matter

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2025(Ahd)
  • Tax Payer : Clayking Minerals LLP
Income tax Appellate Tribunal

ITAT: Rules maintenance charges from property lease fall under business income u/s 44AD

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2025(Bang)
  • Tax Payer : Bindumalyam Panduranga Allanharinarayan
High Court

HC: Allows bad-debt deduction for guarantee invocation for sister concern’s loan; Rules business expediency justified

Jun 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-711-HC-2025(MAD)
  • Tax Payer : Star Investments Pvt. Ltd
High Court

HC: Rejects petitioner's "Financial Inability" defense; Upholds tax evasion conviction

Jun 05, 2025
  • In Favour of Revenue
  • Citation Number : TS-709-HC-2025(DEL)
  • Tax Payer : Harish Chadha
High Court

HC: No information/material referred in satisfaction note for justifying search u/s 132, declares search illegal

Jun 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-708-HC-2025(ALL)
  • Tax Payer : Pramod Swarup Agarwal