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Rulings ( 14232 results )

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Income tax Appellate Tribunal

ITAT: Severance compensation constitutes ‘profits in lieu of salary’, not capital receipts, under amended Sec. 17(3)(iii)

Nov 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-1565-ITAT-2025(HYD)
  • Tax Payer : Supriya Nagendla
Income tax Appellate Tribunal

ITAT: Compensation for relinquishing ‘right to sue’ is non-taxable capital receipt, not ‘profits in lieu of salary’

Nov 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1564-ITAT-2025(DEL)
  • Tax Payer : Milan Saini
Income tax Appellate Tribunal

ITAT: Reduced shareholding due to fresh share issue, not relinquishment of right; Deletes STCG addition

Nov 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1563-ITAT-2025(DEL)
  • Tax Payer : Sunita Sanjeev Aeren
Income tax Appellate Tribunal

ITAT: Cost of purchasing additional area in redevelopment qualifies as investment; Allows Sec.54 deduction

Nov 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1562-ITAT-2025(Mum)
  • Tax Payer : Divyesh Ramniklal Muni
Income tax Appellate Tribunal

ITAT: Guarantee/service fee paid as per contractual obligation, not ‘rent’ liable to TDS u/s 194-I

Nov 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-1561-ITAT-2025(DEL)
  • Tax Payer : Oravel Stays Limited (formerly known as Oravel Stays Pvt. Ltd.)
High Court

HC: 'Reasons to Believe' standard u/s 24(1) doesn't require 'prima facie case' before notice; Upholds benami proceedings

Nov 25, 2025
  • In Favour of Revenue
  • Citation Number : TS-1559-HC-2025(DEL)
  • Tax Payer : Shyamsundar Sharma
Income tax Appellate Tribunal

ITAT: Reporting income under incorrect head does not attract penalty u/s 270A; Deletes penalty

Nov 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1558-ITAT-2025(HYD)
  • Tax Payer : Penninti Vivekananda Rao
Income tax Appellate Tribunal

ITAT: Rules bifurcation into SBN/regular currency for Sec.68, unjustified; Deletes unexplained cash credit addition

Nov 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1557-ITAT-2025(SUR)
  • Tax Payer : Pareshbhai Natvarlal Shah
Income tax Appellate Tribunal

ITAT: HUF not 'Relative' u/s 56(2) explanation; Remands matter to examine exemption u/s 10(2)

Nov 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1556-ITAT-2025(Kol)
  • Tax Payer : Seema Sureka
Income tax Appellate Tribunal

ITAT: Restores issues emanating from buy-back of shares sans proper appreciation of detailed documents

Nov 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1555-ITAT-2025(CHNY)
  • Tax Payer : Updater Services Limited (formerly known as Updater Services Private Limited)
Income tax Appellate Tribunal

ITAT: ITAT: Restores issues on disallowances of advisory & legal expenses to CIT(A) for fresh verification

Nov 24, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1549-ITAT-2025(Bang)
  • Tax Payer : Coffeeday Trading Limited
Income tax Appellate Tribunal

ITAT: Adequate enquiry by AO bars PCIT’s Sec. 263 action; Quashes revision on software depreciation

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1535-ITAT-2025(Bang)
  • Tax Payer : ANI Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Cash from duly recorded property sale explains deposits; Deletes Sec. 69A addition

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1533-ITAT-2025(Mum)
  • Tax Payer : Shalaka Chandrahas Chavan
Income tax Appellate Tribunal

ITAT: Excess refund of advances received by HUF from Karta constitutes ‘capital receipt’, not taxable

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1532-ITAT-2025(Mum)
  • Tax Payer : Sanjay Kothari (HUF)
Income tax Appellate Tribunal

ITAT: NR’s investment in residential property from foreign-source not taxable as unexplained investment in India

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1524-ITAT-2025(Mum)
  • Tax Payer : Rajnish Kasturchand Ostwal
Income tax Appellate Tribunal

ITAT: Rejects income attribution sans PE/business connection in India; Holds sales commission, royalty not taxable

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1554-ITAT-2025(DEL)
  • Tax Payer : LM Wind Power AS
High Court

HC: Compliance with HC direction barring TDS deduction cannot make Assessee in default u/s 201

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1553-HC-2025(KER)
  • Tax Payer : State Bank of India
Income tax Appellate Tribunal

ITAT: Milk procurement falls under "Relief of the Poor," not commercial activity; Grants Sec. 11 exemption

Nov 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-1552-ITAT-2025(COCH)
  • Tax Payer : Malanadu Farmers Society
Income tax Appellate Tribunal

ITAT: Quashes assessment based on statements without cross-examination; Deletes Sec.68 addition

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1551-ITAT-2025(DEL)
  • Tax Payer : JSM Oilfields Services Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of Rule 8D in Sec. 14A disallowance, given Assessee’s unsatisfactory explanation

Nov 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-1550-ITAT-2025(Mum)
  • Tax Payer : J.M. Financial and Investment Consultancy Services Pvt. Ltd