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Rulings ( 12508 results )
High Court
HC: Northern Coalfield's 2000 cr Over Burden Removal expense is capital, not revenue; Reverses ITAT
Apr 18, 2025
- In Favour of Both, Partially
- Citation Number : TS-410-HC-2025(MP)
- Tax Payer : Northern Coalfields Limited
Supreme Court
SC: Sec. 263 revisionary power is to make addition, not to remand; Carves out exception
Apr 17, 2025
- In Favour of Assessee
- Citation Number : TS-408-SC-2025
- Tax Payer : V-Con Integrated Solutions Pvt. Ltd
High Court
HC: Reasons recorded shows application of mind vis-à-vis facts for formation of opinion, reasons need not be verbose
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-407-HC-2025(BOM)
- Tax Payer : Rohit Hasmukhlal Joshi
Income tax Appellate Tribunal
ITAT: AO exceeded authority in denying exemption u/s 11 once registration already granted u/s 12AA
Apr 17, 2025
- In Favour of Assessee
- Citation Number : TS-406-ITAT-2025(Mum)
- Tax Payer : Indian Institute for Human Settlements
High Court
HC: Applies doctrine of 'Forum Conveniens' relegating Assessee to avail remedies at Kolkata; Rejects regd. office plea
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-405-HC-2025(BOM)
- Tax Payer : Trustcap Private Limited
Supreme Court
SC: IT Dept. to investigate property transactions in cash; Lower Courts, Sub-Registrar to share info
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-404-SC-2025
- Tax Payer : B Gunashekar
High Court
HC: Court proceedings abused to compromise Revenue's interest; Directs CBDT enquiry
Apr 16, 2025
- In Favour of None/NA
- Citation Number : TS-402-HC-2025(BOM)
- Tax Payer : 52 Weeks Entertainment Limited
Income tax Appellate Tribunal
ITAT: STCG arising from sale of debt & equity MFs exempt under Article 13(5) of India-Singapore DTAA
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-393-ITAT-2025(Mum)
- Tax Payer : Anushka Sanjay Shah
Income tax Appellate Tribunal
ITAT: Sets aside CIT(A) order passed without taking cognizance of rectification order passed addressing Assessee’s grievance
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-394-ITAT-2025(Mum)
- Tax Payer : Dombivali Nagari Sahakari Bank Ltd
Income tax Appellate Tribunal
ITAT: Addition of notional income unwarranted given books of accounts rejected & estimated net profit applied
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-390-ITAT-2025(Mum)
- Tax Payer : Rakesh Natwarlal Patel
Income tax Appellate Tribunal
ITAT: Allows Sec.80P deduction on interest income of cooperative society, cites substantial justice supersedes technical issues
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-398-ITAT-2025(Mum)
- Tax Payer : The Childrens AID Society Employees
Income tax Appellate Tribunal
ITAT: Allowability of Sec. 80IA(12A) deduction not prima facie mistake to invoke rectification u/s 154
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-399-ITAT-2025(Mum)
- Tax Payer : Ultratech Cement Ltd
Income tax Appellate Tribunal
ITAT: Criticizes Revenue for misunderstanding Sec. 28(iv) given ‘no benefit’ accrued on unreturned shares
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-401-ITAT-2025(DEL)
- Tax Payer : Narayan Securities Ltd
Income tax Appellate Tribunal
ITAT: Assessee entitled to interest u/s244A, no compensation for delay in interest payment on refund permissible
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-400-ITAT-2025(CHNY)
- Tax Payer : M.N. Rangamani
Income tax Appellate Tribunal
ITAT: Sec. 115JB not applicable to Bank of Baroda, constituted as ‘corresponding new bank’ under Banking Cos Act
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-396-ITAT-2025(Bang)
- Tax Payer : Bank of Baroda (Erstwhile Vijaya Bank)
High Court
HC: Rejecting Revenue's VsV Act interpretation, grants interest for delayed refund
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-397-HC-2025(KER)
- Tax Payer : Satwashil Vasant Mane
High Court
HC: Non-challenge to Sec. 263 order no bar for appealing consequent order; Overturns ITAT
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-395-HC-2025(KER)
- Tax Payer : Malabar Institute Of Medical Sciences Ltd
Income tax Appellate Tribunal
ITAT: Application of gross profit percentage on extrapolated figures basis suspicion & guess work by AO unsustainable
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-392-ITAT-2025(Mum)
- Tax Payer : Me n Moms Private Ltd
Income tax Appellate Tribunal
ITAT: Capital loss carry forward from earlier AYs cannot be denied basis rectification order in later AY
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-391-ITAT-2025(Mum)
- Tax Payer : BNS Asia Limited
Income tax Appellate Tribunal
ITAT: US resident's receipts for 'Passenger Services' not FTS, sans make available requirement fulfillment
Apr 14, 2025
- In Favour of Assessee
- Citation Number : TS-389-ITAT-2025(Mum)
- Tax Payer : Sita Information Networking Computing USA Inc.