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Rulings ( 12916 results )
Income tax Appellate Tribunal
ITAT: Confirms Sec. 68, 69 additions absent proof of creditworthiness & genuineness of transactions
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-372-ITAT-2025(Mum)
- Tax Payer : Blue Moon Housing & Development Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec. 69D disallowance, cites documents cannot be treated as Hundi
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-371-ITAT-2025(Mum)
- Tax Payer : Kemox Corporation
Income tax Appellate Tribunal
ITAT: Allows 80IA deduction as windmill undertaking acquired under slump sale on going concern basis
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-381-ITAT-2025(Mum)
- Tax Payer : Warmth Windpower LLP
Income tax Appellate Tribunal
ITAT: CBDT’s withdrawal of Industrial Park approval unsustainable, power of approval/withdrawl with Central Government
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-383-ITAT-2025(Mum)
- Tax Payer : Pantheon Infrastructure Pvt. Ltd
Income tax Appellate Tribunal
ITAT: LTCG grandfathered as per Art. 13(4) of India-Mauritius DTAA not adjustable against STCL or LTCL
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-382-ITAT-2025(Mum)
- Tax Payer : Bay Capital India Fund Limited
Supreme Court
SC: Restores ITAT’s remand order for determining if duty drawback was accepted in relevant AY
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-375-SC-2025
- Tax Payer : Maruti Suzuki India Limited
Supreme Court
SC: Dismisses Assessee’s SLP on issue of submission of all material forming basis for Revenue’s opinion for initiating reassessment
Apr 11, 2025
- In Favour of Revenue
- Citation Number : TS-373-SC-2025
- Tax Payer : Chaturbhuj Gattani
Supreme Court
SC: Dismisses Assessee’s SLP on disallowance of cash transaction u/s 40A(3)
Apr 11, 2025
- In Favour of Revenue
- Citation Number : TS-374-SC-2025
- Tax Payer : Natesan Krishnamurthy
High Court
HC: Rejects Sec. 72A application against correct WDV adjustment, sans carry forward of unabsorbed depreciation
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-370-HC-2025(BOM)
- Tax Payer : Technova Imaging Systems Limited
Income tax Appellate Tribunal
ITAT: Allows assessee's appeal citing benefit of indexation available from date of allotment of property
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-368-ITAT-2025(Mum)
- Tax Payer : Lakshminarayan Realfinvest Limited
Income tax Appellate Tribunal
ITAT: AO’s view of allowing contribution to Core SGF as per SEBI-Circular, plausible; Quashes revision
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-354-ITAT-2025(Mum)
- Tax Payer : National Stock Exchange of India Ltd
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s 272A(1)(d) given Assessee complied with subsequent Sec. 142(1) notices
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2025(Mum)
- Tax Payer : Shilpa Shetty Kundra
Income tax Appellate Tribunal
ITAT: Quashes revision, share premium taxability u/s 56(2)(viib) beyond limited scope of scrutiny
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-359-ITAT-2025(Mum)
- Tax Payer : Acron Hospitality Private Limited
Income tax Appellate Tribunal
ITAT: Allows foreign-co.’s additional legal claim for 20% tax u/s 115A; Relies on NTPC judgment
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-362-ITAT-2025(Mum)
- Tax Payer : Mahindra Overseas Investment Company (Mauritius) Ltd
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s 271(1)(c) given Assessee duly proved there’s no income concealment
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-357-ITAT-2025(Mum)
- Tax Payer : Brindaban III Co-operative Housing Society Ltd
Income tax Appellate Tribunal
ITAT: Nuisance maker, occupying land illegally, not taxable for settlement deal receipts
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-367-ITAT-2025(Mum)
- Tax Payer : Mohammed Fakhre Alam Shaikh
Income tax Appellate Tribunal
ITAT: Hands Private Discretionary trusts a big win on surcharge issue; Rejects Revenue's case
Apr 10, 2025
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2025
- Tax Payer : Araadhya Jain Trust
Income tax Appellate Tribunal
ITAT: CIT order revising order giving effect to ITAT ruling lacks jurisdiction, void ab initio
Apr 09, 2025
- In Favour of Assessee
- Citation Number : TS-365-ITAT-2025(CHNY)
- Tax Payer : Saint Gobain India Private Ltd
High Court
HC: Sec. 50C applies to assigned leasehold property transfers, wide scope of word ‘transfer’ u/s 50C
Apr 09, 2025
- In Favour of Revenue
- Citation Number : TS-363-HC-2025(BOM)
- Tax Payer : Vidarbha Veneere Industries Ltd
Income tax Appellate Tribunal
ITAT: Cancellation of trust’s registration u/s 12AB unsustainable given legal infirmities on Revenue’s part
Apr 08, 2025
- In Favour of Assessee
- Citation Number : TS-355-ITAT-2025(Bang)
- Tax Payer : Sri Srinivasa Educational and Charitable Trust