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Rulings ( 13253 results )
High Court
HC: Quashes order exceeding limitation period u/s 201(3); Relies on Puri Constructions
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-651-HC-2025(DEL)
- Tax Payer : Swiftrans International Pvt. Ltd
High Court
HC: Cross charges paid outside India-US DTAA Article 12(3); Directs ‘NIL’ withholding certificate issuance
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-647-HC-2025(DEL)
- Tax Payer : Aecom Technical Services Inc.
Income tax Appellate Tribunal
ITAT: No LTCG deduction u/s 48 for compensation paid for non-transfer of shares
May 28, 2025
- In Favour of Revenue
- Citation Number : TS-646-ITAT-2025(HYD)
- Tax Payer : Fusion Lastek Technologies Private Limited
High Court
HC: Allows Sec. 80IB deduction for AY 2006-07; Sec. 80AC restriction applies AY 2007-08 onwards
May 27, 2025
- In Favour of Assessee
- Citation Number : TS-643-HC-2025(MAD)
- Tax Payer : Coromondel Cabeles P. Ltd
Income tax Appellate Tribunal
ITAT: Tenancy rights transfer taxable under capital gains, not as other income; Deletes addition u/s 56(2)(x)(b)(B)
May 27, 2025
- In Favour of Assessee
- Citation Number : TS-642-ITAT-2025(Mum)
- Tax Payer : Vasant Nagorao Barabde
High Court
HC: Income from sale of ‘Button Mushrooms’ grown in factory not ‘Agricultural Income’ u/s 2(1A)
May 27, 2025
- In Favour of Revenue
- Citation Number : TS-641-HC-2025(MAD)
- Tax Payer : British Agro Products (India) Pvt. Ltd
High Court
HC: Microfinance business primarily lending for profit, not entitled to charitable tax exemptions
May 26, 2025
- In Favour of Revenue
- Citation Number : TS-640-HC-2025(MAD)
- Tax Payer : Kalanjiam Development Financial Services
High Court
HC: Source of funds disclosed & taxed in hands of group co., upholds deletion of Sec. 68 addition
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-639-HC-2025(DEL)
- Tax Payer : R B Farms And Estates Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Plausible view taken by AO cannot be held as erroneous & prejudicial; Sec. 263 invocation unwarranted
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-637-ITAT-2025(DEL)
- Tax Payer : DLF Home Developers Limited
Income tax Appellate Tribunal
ITAT: Transfer of rights entitlement not akin to share transfer, taxable only in resident State
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-636-ITAT-2025(Mum)
- Tax Payer : General Organization for Social Insurance
High Court
HC: Directs processing of NRI's condonation application; Holds COVID-19 travel restrictions as 'genuine hardship'
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-632-HC-2025(GUJ)
- Tax Payer : Sunil Kumar Dalichand Bilakhia
High Court
HC: Quashes Sec. 153C assessment, ‘seized material’ unrelated to subject AY; Relies on Sinhgad Technical judgement
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-633-HC-2025(DEL)
- Tax Payer : Panch Tatva Promoters Private Limited
High Court
HC: AO reopened assessment on valid grounds; Holds Tribunal ought not to have interfered
May 24, 2025
- In Favour of Revenue
- Citation Number : TS-635-HC-2025(CAL)
- Tax Payer : Event Developers P. Ltd.
High Court
HC: Scheduled Tribe member entitled to Sec. 10(26) benefit for posting in specified area; Allows TDS refund
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-631-HC-2025(GAUH)
- Tax Payer : Chyawan Prakash Meena
High Court
HC: Quashes reassessment based on investigation report; 'Reason to believe' cannot be conflated with 'Reason to suspect'
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-634-HC-2025(DEL)
- Tax Payer : CNB FINWIZ LTD
Income tax Appellate Tribunal
ITAT: Mesne profits not revenue but capital receipt, not chargeable to tax
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-630-ITAT-2025(Mum)
- Tax Payer : Vile Parle Prarthana CHS Ltd
High Court
HC: Upholds revision u/s 263 given assessment order passed without necessary inquiries
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-629-HC-2025(DEL)
- Tax Payer : Delhi Gurgaon Super Connectivity Ltd
Income tax Appellate Tribunal
ITAT: No violation on accepting cash receipts before June 2015 amendment u/s 269SS; Deletes penalty
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-627-ITAT-2025(Bang)
- Tax Payer : Bhavanishanker Naik
Income tax Appellate Tribunal
ITAT: Affirms CIT(A)-order deleting additions on bogus purchases given Assessee discharged its onus
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-621-ITAT-2025(Mum)
- Tax Payer : Mangalam Drugs & Organics Ltd
Income tax Appellate Tribunal
ITAT: Hedging transactions included in exception carved under proviso (a) to Sec. 43(5)
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-591-ITAT-2025(DEL)
- Tax Payer : Religare Comtrade Ltd (Formerly known as Religare Bullion Ltd.)