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Rulings ( 13253 results )
Income tax Appellate Tribunal
ITAT: Quashes reassessment for AO’s failure to furnish reasons u/s 148; Relies on Jagat Talkies judgment
May 31, 2025
- In Favour of Assessee
- Citation Number : TS-674-ITAT-2025(DEL)
- Tax Payer : Alka Sand
High Court
HC: Open terrace/portico area without walls, not part of built-up area for Sec.80-IB deduction
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-667-HC-2025(TEL)
- Tax Payer : Modi Builders & Realtors (P) Ltd. and Others
Income tax Appellate Tribunal
ITAT: Restores registration issue u/s 12AB; CIT(E) to conduct enquiry on genuineness of Assessee’s activities
May 30, 2025
- In Favour of Revenue
- Citation Number : TS-666-ITAT-2025(DEL)
- Tax Payer : Ideal Relief Trust
High Court
HC: AO must apply mind, not blindly act on audit flags for initiating reassessment proceedings
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-665-HC-2025(DEL)
- Tax Payer : Springer Healthcare Limited
Income tax Appellate Tribunal
ITAT: Non-consideration of binding judgments, 'mistake apparent from record'; Recalls penalty order
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-664-ITAT-2025(Bang)
- Tax Payer : Rashtrotthana Parishat
High Court
HC: Assessee to bare own responsibility for failure to opt for lower taxation u/s 115BAA; Rejects inadvertent error plea
May 30, 2025
- In Favour of Revenue
- Citation Number : TS-660-HC-2025(DEL)
- Tax Payer : Sarla Holdings Private Limited
High Court
HC: AWS receipts for provision of cloud computing services not taxable as royalty under India-US DTAA
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-661-HC-2025(DEL)
- Tax Payer : Amazon Web Services, Inc
Income tax Appellate Tribunal
ITAT: Confirms Sec. 14A addition over lack of ownership proof; Rejects remand request
May 29, 2025
- In Favour of Revenue
- Citation Number : TS-659-ITAT-2025(COCH)
- Tax Payer : Thomas Muthoot
Income tax Appellate Tribunal
ITAT: Share sale delay being 'depravation' of capital for Grasim, holds escrow a/c interest non-taxable
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-657-ITAT-2025(Mum)
- Tax Payer : Grasim Industries Ltd
Income tax Appellate Tribunal
ITAT: Additions basis uncorroborated dumb documents in form of loose diaries, ‘unsustainable’
May 29, 2025
- In Favour of Revenue
- Citation Number : TS-656-ITAT-2025(Bang)
- Tax Payer : Sri Adichunchanagiri Shikshana Trust
Income tax Appellate Tribunal
ITAT: Holds assessment order u/s 143(3) in accordance with law; Deletes Sec. 68 addition
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-655-ITAT-2025(Bang)
- Tax Payer : Narayana Rao Hebri
Income tax Appellate Tribunal
ITAT: Quashes Sec. 153A proceedings citing non-compliance with procedure under Rule 112F
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-644-ITAT-2025(Mum)
- Tax Payer : Vijay Madan Varma
Income tax Appellate Tribunal
ITAT: Sec. 44AD appropriate for determining total income of egg-traders on cash-based business
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-653-ITAT-2025(Mum)
- Tax Payer : Fazlur Rehman Ansari
Income tax Appellate Tribunal
ITAT: Affirms exemption u/s 10(23C)(v) as Assessee submitted audited report in Form No.10BB
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-648-ITAT-2025(PUN)
- Tax Payer : The Nanded Sikhgurudwara Sachkhand Hazur Sahib
Income tax Appellate Tribunal
ITAT: Upholds revision u/s 263 setting aside AO’s order, rejects natural justice principles’ violation plea
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-645-ITAT-2025(DEL)
- Tax Payer : Radial International Mining Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Condones delay in filing appeal given ‘sufficient cause’ showcased by Assessee
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-638-ITAT-2025(Bang)
- Tax Payer : Vikram Shetty
Income tax Appellate Tribunal
ITAT: 'Professional services' definition under Art. 15(2) of India-US DTAA 'inclusive'; E&Y US receipts not FIS
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-654-ITAT-2025(DEL)
- Tax Payer : Ernst And Young U.S. LLP
High Court
HC: Dismisses assessee’s writ petition challenging notice issued u/s.148A(b), order u/s.148A(d)
May 28, 2025
- In Favour of Revenue
- Citation Number : TS-652-HC-2025(DEL)
- Tax Payer : J And G International
High Court
HC: Sec.148 notice issued in the name of deceased Assessee, invalid; Quashes consequent proceedings
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-649-HC-2025(DEL)
- Tax Payer : Laxmi Devi (Since Deceased)
High Court
HC: Unexplained credit taxable in beneficiary’s hands, channels used for routing money not liable to tax
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-650-HC-2025(DEL)
- Tax Payer : Third Generation Traders Pvt. Ltd