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Rulings ( 14232 results )

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Income tax Appellate Tribunal

ITAT: Nominal members cannot be treated separately for deduction u/s 80P(2)(a)(i)

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1525-ITAT-2025(Bang)
  • Tax Payer : Udayravi Credit Coop
Income tax Appellate Tribunal

ITAT: Rejects belated jurisdictional challenge u/s 124(3)(c); Affirms 35% gross profit rate as consistent & justified

Nov 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1523-ITAT-2025(Mum)
  • Tax Payer : Prakash H. Mutha
Income tax Appellate Tribunal

ITAT: Quashes reassessment absent specific averment in ‘reasons’ recorded u/s 147 on alleged penny-stock

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1522-ITAT-2025(Ahd)
  • Tax Payer : Navneetbhai Ramanlal Patel
Income tax Appellate Tribunal

ITAT: Interest on enhanced compensation taxable as IoS post-amendment u/s 56(2)(viii); Ghanshyam (HUF) ruling inapplicable

Nov 18, 2025
  • In Favour of Revenue
  • Citation Number : TS-1519-ITAT-2025(CHANDI)
  • Tax Payer : Shri Ajay Kumar
Income tax Appellate Tribunal

ITAT: Deletes addition made on protective basis in Assessee’s hand, absent any substantive addition

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1521-ITAT-2025(DEL)
  • Tax Payer : Surendra Kumar Jain
Income tax Appellate Tribunal

ITAT: Grants Sec.11 exemption despite clerical error in return; Revenue cannot take advantage of Assessee's mistake

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1520-ITAT-2025(Bang)
  • Tax Payer : Fig Tree Foundation
High Court

HC: Condones delay in filing revised ROI largely caused due to disruptions in Covid 19 pandemic

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1518-HC-2025(BOM)
  • Tax Payer : Perks Links and Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Recording consolidated satisfaction note for various AYs fatal for assumption of jurisdiction u/s 153C

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1515-ITAT-2025(DEL)
  • Tax Payer : SRS Panchratan Diamonds Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes additions on PNB’s disallowance of interest, inter-office adjustment, NPI provisions & Sec. 14A

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1501-ITAT-2025(DEL)
  • Tax Payer : Punjab National Bank (earlier know as Oriental Bank of Commerce)
Income tax Appellate Tribunal

ITAT: Deletes estimated profit addition on real-estate; AO erred in applying PCM sans books rejection

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1503-ITAT-2025(Mum)
  • Tax Payer : Ganga Estate Developers
Income tax Appellate Tribunal

ITAT: Deletes purchase disallowance as VAT–book difference from ITC reversal stood reconciled

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1502-ITAT-2025(Ahd)
  • Tax Payer : Ankur Fine Products
High Court

HC: Misprint in renowned publication valid ground to condone delay in filing Form 9A

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1517-HC-2025(BOM)
  • Tax Payer : Savitribai Phule Shikshan Prasarak Mandal
Income tax Appellate Tribunal

ITAT: Assessee co. incorporated in 2016 ineligible for concessional 29% tax-rate under Finance Act, 2017

Nov 17, 2025
  • In Favour of Revenue
  • Citation Number : TS-1490-ITAT-2025(Mum)
  • Tax Payer : Nirchem Cement Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 50CA addition, cites AO cannot reject prescribed methods arbitrarily

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1516-ITAT-2025(DEL)
  • Tax Payer : Manish Vij
Income tax Appellate Tribunal

ITAT: Singapore Co.’s receipt from ‘Regional Service Agreement’ sans know-how transfer, not royalty

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1488-ITAT-2025(Mum)
  • Tax Payer : BCD Travel Asia Pacific PTE Limited
Income tax Appellate Tribunal

ITAT: Allows TDS credit in year of income declaration basis Form 71 despite deposit in subsequent AY

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1514-ITAT-2025(DEL)
  • Tax Payer : Abdul Rahman Asad
Income tax Appellate Tribunal

ITAT: AO not at fault for skipping further inquiry given Assessee's source explanation lacks veracity; Upholds addition

Nov 17, 2025
  • In Favour of Revenue
  • Citation Number : TS-1513-ITAT-2025(DEL)
  • Tax Payer : Aabid Ali Khan
Income tax Appellate Tribunal

ITAT: Quashes Sec.263 order; PCIT lacks jurisdiction as AO adopted one of two possible views

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1512-ITAT-2025(Mum)
  • Tax Payer : Surbhit Impex Private Limited
High Court

HC: Rejects Assessee’s plea of auditor negligence misconduct sans corroborative evidence, rejects condonation application

Nov 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1508-HC-2025(TEL)
  • Tax Payer : Mandava Holdings Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69C addition on unexplained expenditure not proposed in show cause notice, violates natural justice

Nov 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-1507-ITAT-2025(DEL)
  • Tax Payer : Robust Resorts & Hospitality LLP