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Rulings ( 13253 results )

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Income tax Appellate Tribunal

ITAT: No retrospective application of Sec. 12AB(4), remands matter to PCIT for verification

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2025(PUN)
  • Tax Payer : Sinhagad Technical Education Society
High Court

HC: Clarifies expansive interpretation of ‘Books of Account'; Upholds Sec. 69A additions basis seized diaries

Jun 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-687-HC-2025(DEL)
  • Tax Payer : Shri Om Sai Infrapromoters Pvt. Ltd
High Court

HC: Reprimands Revenue for disregarding final ITAT order; Quashes revision of OGE as 'subversive to judicial discipline'

Jun 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-685-HC-2025(HP)
  • Tax Payer : East Bourne Hotels Pvt. Ltd
High Court

HC: Expert valuer's report once 'substantiated', holds fort; Rejects Revenue's argument on 'Disclaimers'

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-683-HC-2025(DEL)
  • Tax Payer : A.H. Multisoft Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec. 54F claim relating to purchase of second residential-house in same building

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-682-ITAT-2025(Mum)
  • Tax Payer : Chanda Runwal
Income tax Appellate Tribunal

ITAT: Remands matter for verification of cash withdrawals/deposits for medical purpose; Grants partial relief

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2025(Mum)
  • Tax Payer : Sanjay Seksaria
Income tax Appellate Tribunal

ITAT: Upholds DCIT(CPC) order based on return of income filed by trust-Assessee

Jun 02, 2025
  • In Favour of Revenue
  • Citation Number : TS-680-ITAT-2025(PUN)
  • Tax Payer : Lions Nab Community Eyecare Centre
Income tax Appellate Tribunal

ITAT: Reimbursement from Indian subsidiary for hardware purchase on its behalf, not capital gain

Jun 02, 2025
  • In Favour of Revenue
  • Citation Number : TS-679-ITAT-2025(Bang)
  • Tax Payer : Altair Engineering Inc
Income tax Appellate Tribunal

ITAT: Allows 25% expenses incurred by Assessee as ‘exhibition expenses’ for third party

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2025(Ahd)
  • Tax Payer : Parshwanath Realty Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment u/s 147, holds AO recorded reasons for escapement without application of mind

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2025(Mum)
  • Tax Payer : Hetal Daxesh Shah
Income tax Appellate Tribunal

ITAT: Directs AO to re-compute tax liability considering all equity transactions

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2025(Mum)
  • Tax Payer : Sarath Manari Gopinathan
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s addition on purchases, cites no independent investigation of facts by AO

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2025(Mum)
  • Tax Payer : Mulchand Ramajor Gupta
Income tax Appellate Tribunal

ITAT: Directs exclusion of cost linked to disallowed export turnover for Sec. 10AA deduction

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2025(Mum)
  • Tax Payer : Roop Ultrasonix Limited
Income tax Appellate Tribunal

ITAT: Deletes additions treating exempt MF-dividend, tax-free bond interest as business income u/s 10(35)

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2025(Mum)
  • Tax Payer : Lintas Employees Hobbies and Craft Trust
Income tax Appellate Tribunal

ITAT: Expenses allowable u/s 37(1) when incurred for business purposes & are revenue in nature

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-658-ITAT-2025(Mum)
  • Tax Payer : Shrem Infraventures Pvt. Ltd
High Court

HC: No requirement to explain source of source of funds for AY 2015-16; Deletes addition u/s 68

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-675-HC-2025(DEL)
  • Tax Payer : Sheela Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 43CA disallowance as sale value within tolerable limit; Agreement date valuation applies u/s 43CA(3)

May 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2025(CHANDI)
  • Tax Payer : CSJ Infrastructure Pvt.Ltd.
High Court

HC: Allows belated return for claiming refund; Directs AO for denovo order condoning delay

May 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-669-HC-2025(GUJ)
  • Tax Payer : Suryakant Khodidas Panchal
Income tax Appellate Tribunal

ITAT: Sales tax subsidy claim disallowed in search assessment sans declaration in original or Sec. 153A return

May 31, 2025
  • In Favour of Revenue
  • Citation Number : TS-673-ITAT-2025(DEL)
  • Tax Payer : Jindal Photo Limited
High Court

HC: Upholds denial of Sec.10(26A) exemption to scheduled tribe for failing to prove income origin & residence in Ladakh

May 31, 2025
  • In Favour of Revenue
  • Citation Number : TS-670-HC-2025(J & K)
  • Tax Payer : Mehmood Askari