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Rulings ( 12931 results )

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High Court

HC: Quashes reassessment, basis same material as original assessment; Change of opinion not permissible

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-149-HC-2025(BOM)
  • Tax Payer : Lupin Limited
High Court

HC: No interest on refund of excess TDS, even if refund is genuine, delay attributable to Assessee

Feb 27, 2025
  • In Favour of Revenue
  • Citation Number : TS-148-HC-2025(KAR)
  • Tax Payer : Subash Menon
High Court

HC: Rebuttal of presumption u/s 278E before Trial Court, Assessee to prove no willful delay in return filing

Feb 26, 2025
  • In Favour of Revenue
  • Citation Number : TS-147-HC-2025(KAR)
  • Tax Payer : Rajkumar Agarwal
High Court

HC: Tribunal exceeded jurisdiction u/s 254(2), rectification is not akin to substantial review

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-146-HC-2025(BOM)
  • Tax Payer : Procter and Gamble Home Products Private Limited
High Court

HC: No tangible material brought on ‘record’ for invocation of revisional jurisdiction u/s 263

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-981-HC-2024(MAD)
  • Tax Payer : S. Krishna Kumar
Income tax Appellate Tribunal

ITAT: Deletes deemed dividend addition; Assessee not shareholder, partners hold substantial interest in lender entity

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2025(DEL)
  • Tax Payer : Windlass Steel Crafts LLP
Income tax Appellate Tribunal

ITAT: Corroboration of whatsapp communication imperative for addition u/s 69C, deletes addition based on electronic images

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-143-ITAT-2025(Mum)
  • Tax Payer : Prashant Prakash Nilawar
Income tax Appellate Tribunal

ITAT: Reimbursement of GIS charges for group use not FTS, sub-letting software license not transfer of skill

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2025(Bang)
  • Tax Payer : Atkins Realis UK Limited
Income tax Appellate Tribunal

ITAT: Disallows artificial loss from commodity transactions as not genuine, intention to reduce profits from share

Feb 25, 2025
  • In Favour of Revenue
  • Citation Number : TS-141-ITAT-2025(Mum)
  • Tax Payer : Vision Millenium Exports P. Ltd
Income tax Appellate Tribunal

ITAT: Assessee entitled to new tax regime benefits u/s 115BAC, Form 10-IE valid on date of processing return

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2025(Mum)
  • Tax Payer : Krishna Gopal Diwvedi HUF
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, basis loose sheets seized in search, no evidence linking loose sheets to transactions

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2025(Bang)
  • Tax Payer : D. K. Shivakumar
High Court

HC: Quashes reassessment on Maruti Suzuki, full & true disclosures made, tantamount to change of opinion

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-138-HC-2025(DEL)
  • Tax Payer : Maruti Suzuki India Ltd
Income tax Appellate Tribunal

ITAT: PCIT’s conclusion u/s 263 unsustainable, interest & penalty of compensatory nature, dissimilar to license fees

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2025(DEL)
  • Tax Payer : Bharti Airtel Limited
Supreme Court

SC: Automatic exemption u/s 10/11 not granted on Sec. 12AA registration, AO to satisfy claim is genuine

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-135-SC-2025
  • Tax Payer : International Health Care Education And Research Institute
Income tax Appellate Tribunal

ITAT: Suo moto disallowance u/s 14A not underreporting for penalty u/s 270A; Remits matter

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-130-ITAT-2025(DEL)
  • Tax Payer : Max Ventures Investment Holdings Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Substantive justice cannot be denied on failure to file Form 68, deletes penalty u/s 270A

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2025(CHNY)
  • Tax Payer : New Dawath Traders
Income tax Appellate Tribunal

ITAT: Quashes reassessment initiated on alleged 'bogus loans', Assessee made full disclosure

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2025(PUN)
  • Tax Payer : Manoj Madanlal Chhajed
Income tax Appellate Tribunal

ITAT: Deletes Sec. 40(a)(ia) disallowance on Vodafone's prepaid distributor discounts; Relies on Bharti Cellular judgment

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2025(CHNY)
  • Tax Payer : Vodafone Mobile Services Ltd.
Income tax Appellate Tribunal

ITAT: Denies weighted deduction u/s 35(2AB), R&D expenditure without DSIR approval invalid

Feb 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2025(CHNY)
  • Tax Payer : Ashok Leyland Ltd.
Income tax Appellate Tribunal

ITAT: Trademark sale gains prior to FA 1998 qualify as LTCG; Sec. 50 inapplicable to pre-amended intangibles

Feb 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2025(Mum)
  • Tax Payer : Johnson & Johnson Private Limited