Filters
Rulings ( 13253 results )
Income tax Appellate Tribunal
ITAT: Affirms Sec. 270A penalty for income under-reporting; Imposes cost on Assessee for non-compliance
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-620-ITAT-2025(Mum)
- Tax Payer : Hotel Galaxy Thane
Income tax Appellate Tribunal
ITAT: Upholds Sec. 69C addition on bogus purchases with 13.5% GP rate amid VAT evasion
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-619-ITAT-2025(Mum)
- Tax Payer : Kandarp Hasmukh Sheth
Income tax Appellate Tribunal
ITAT: Interest on delayed EPF payment penal in nature, not deductible u/s 37(1)
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-616-ITAT-2025(Mum)
- Tax Payer : Bajaj Hindusthan Sugar Limited
Income tax Appellate Tribunal
ITAT: Confirms CIT(A)’s deletion of Sec. 271(1)(c) penalty levied on estimated addition
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-626-ITAT-2025(Mum)
- Tax Payer : Chetan Pravin Chitalia
Income tax Appellate Tribunal
ITAT: Deletes addition u/s 115BBE sans inconsistency between returned income & Form 26AS
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-615-ITAT-2025(DEL)
- Tax Payer : Suman Sehrawat
Income tax Appellate Tribunal
ITAT: Clarifies principle of mutuality for Co-operative Societies; Holds member contributions not taxable
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-624-ITAT-2025(Mum)
- Tax Payer : Chancellor Court Co-operative Housing Society
High Court
HC: Upholds revisionary proceedings as depreciation was " non-issue" before AO; Rejects Sr. Adv. Pardiwala's arguments
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-623-HC-2025(KAR)
- Tax Payer : Herbalife International India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds retracted admissions without evidence can't lead to additions post-search
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-618-ITAT-2025(DEL)
- Tax Payer : Shyam Sunder Jindal
Income tax Appellate Tribunal
ITAT: Upholds Sec. 80IA relief basis risk & scope of projects; Rejects Revenue's works contractor plea
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-617-ITAT-2025(CHNY)
- Tax Payer : RPP Infra Projects Limited
Income tax Appellate Tribunal
ITAT: Criticizes CIT(E)'s approach of pre-judging trust's charitable activities at registration state; Reinstates registration
May 21, 2025
- In Favour of Revenue
- Citation Number : TS-614-ITAT-2025(Bang)
- Tax Payer : WeVysya
Income tax Appellate Tribunal
ITAT: Interest earned by co-op society from co-op bank investments deductible u/s 80P(2)(d)
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-613-ITAT-2025(Mum)
- Tax Payer : Mulund Samata Co-operative Housing Society Ltd
Income tax Appellate Tribunal
ITAT: Allows Shree Kashi Math's corpus donation exemption citing consistency over res judicata
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-608-ITAT-2025(Mum)
- Tax Payer : Shree Kashi Math Samasthan Varanasi
Supreme Court
SC: Resolves Division Bench split on Sec. 80-HHC deduction entitlement vis-a-vis Sec. 80-IA restriction
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-612-SC-2025
- Tax Payer : Shital Fibers Limited
Income tax Appellate Tribunal
ITAT: Brokerage expenses incurred by real-estate co. qualify as selling costs, not capital expenditure
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-611-ITAT-2025(Mum)
- Tax Payer : Bellissimo Healthy Constructions and Developers Private Limited
Income tax Appellate Tribunal
ITAT: Deletes penalty for not striking-off irrelevant portion in notice specifying Assessee’s offence
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-609-ITAT-2025(DEL)
- Tax Payer : SBS Transpole Lilgistics pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rejection of share-valuation by DCF method unwarranted given sufficient justification of projections
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-610-ITAT-2025(Mum)
- Tax Payer : Madhurima International Private Limited
Income tax Appellate Tribunal
ITAT: Remands to AO for allowing brought forward loss subject to satisfaction of conditions
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-594-ITAT-2025(Mum)
- Tax Payer : Sunjewels Private Limited
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s 270A, cites discretion to impose penalty to be exercised judicially
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-593-ITAT-2025(Mum)
- Tax Payer : Godfrey Lloyd Vaz
Income tax Appellate Tribunal
ITAT: Revenue ought to have approached ITSC over alleged incomplete income disclosure by Assessee
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-607-ITAT-2025(Mum)
- Tax Payer : Jekin Enterprise
Income tax Appellate Tribunal
ITAT: Revenue's acceptance of two flats as one unit undermines penalty on third; Holds penalty as unsustainable
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-606-ITAT-2025(Mum)
- Tax Payer : Kamini Krishna Kotak