Filters
Rulings ( 12931 results )
Income tax Appellate Tribunal
ITAT: Deletes Sec. 69A addition, cash deposits during demonetisation, accepts Assessee’s explanation of medical emergency
Feb 15, 2025
- In Favour of Assessee
- Citation Number : TS-98-ITAT-2025(Ahd)
- Tax Payer : Bhanumati Michael Scribe
High Court
HC: Assessment u/s143(3) completed in name of non-existing entities void ab initio
Feb 15, 2025
- In Favour of Assessee
- Citation Number : TS-108-HC-2025(BOM)
- Tax Payer : Reliance Industries Limited
Income tax Appellate Tribunal
ITAT: Deletes stock discrepancy addition, on director’s statement recorded during survey sans evidentiary value
Feb 15, 2025
- In Favour of Assessee
- Citation Number : TS-109-ITAT-2025(CHNY)
- Tax Payer : Ramakrishna Poultry P. Ltd.
Income tax Appellate Tribunal
ITAT: Quashes CIT(A) order to recompute TDS sans enforceable AO order; Appeal infructuous, HC quashed Sec. 201 order
Feb 15, 2025
- In Favour of Assessee
- Citation Number : TS-104-ITAT-2025(DEL)
- Tax Payer : Emaar India Limited
High Court
HC: Upholds validity of reassessment proceedings, sufficient material existed for Revenue to justify re-opening of assessment
Feb 14, 2025
- In Favour of Assessee
- Citation Number : TS-107-HC-2025(DEL)
- Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal
ITAT: Taxes paid in foreign jurisdiction on foreign income not allowable as deduction u/s 37(1)
Feb 14, 2025
- In Favour of Revenue
- Citation Number : TS-105-ITAT-2025(CHNY)
- Tax Payer : Zoho Corporation Private Limited
Supreme Court
SC: Expression ‘found in the course of search’ includes documents from third party investigation; Interprets Sec.271AAA(1) penalty
Feb 13, 2025
- In Favour of Both, Partially
- Citation Number : TS-103-SC-2025
- Tax Payer : K. Krishnamurthy
High Court
HC: Quashes assessment on non-searched entity sans separate satisfactory note by AO on searched person
Feb 11, 2025
- In Favour of Assessee
- Citation Number : TS-102-HC-2025(MAD)
- Tax Payer : SRM Systems and Software Pvt Ltd
Income tax Appellate Tribunal
ITAT: Eligible for benefit u/s 115BAA for subsequent years, cannot deny benefit on belated filing of Form 10-IC
Feb 11, 2025
- In Favour of Assessee
- Citation Number : TS-101-ITAT-2025(HYD)
- Tax Payer : Sandor Medicaids Private Limited
High Court
HC: Delhi HC lacks jurisdiction, original assessment order passed by AO in Amritsar & not Delhi
Feb 10, 2025
- In Favour of Assessee
- Citation Number : TS-100-HC-2025(DEL)
- Tax Payer : Chemester Food Industries Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes addition u/s 68, nature & source of SBNs provided along with relevant evidences
Feb 10, 2025
- In Favour of Assessee
- Citation Number : TS-99-ITAT-2025(CHNY)
- Tax Payer : Ayyan Fire Works-Factory Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Offer to pay tax on additional amount does not tantamount to discovery of undisclosed income; Deletes penalty
Feb 10, 2025
- In Favour of Assessee
- Citation Number : TS-97-ITAT-2025(CHNY)
- Tax Payer : Future Gaming and Hotel Services Private Limited
Income tax Appellate Tribunal
ITAT: Section 2(22)(e) inapplicable, transactions undertaken ‘regularly’ & ‘consistently’, for commercial expediency
Feb 10, 2025
- In Favour of Assessee
- Citation Number : TS-95-ITAT-2025(Kol)
- Tax Payer : Merino Industries Ltd
Income tax Appellate Tribunal
ITAT: Sec.69A addition qua cash deposit on Revenue’s mere disbelief of explanation offered, not sustainable
Feb 08, 2025
- In Favour of Assessee
- Citation Number : TS-62-ITAT-2025(PUN)
- Tax Payer : Nathmal Rupchand Jain
Income tax Appellate Tribunal
ITAT: Upholds validity of reassessment, sans filing of ROI; Partially deletes unaccounted cash deposits
Feb 08, 2025
- In Favour of Assessee
- Citation Number : TS-93-ITAT-2025(PUN)
- Tax Payer : Rehana Abdul Wahab Sain
Income tax Appellate Tribunal
ITAT: TDS liability on year-end provision accrues only for ascertained liability
Feb 08, 2025
- In Favour of Assessee
- Citation Number : TS-71-ITAT-2025(CHNY)
- Tax Payer : Cognizant Technology Solutions India Private Limited
High Court
HC: Validates CBDT Notification limiting Sec. 80IB(10) benefit for slum redevelopment project; Denies Sec. 80IB(10) benefit
Feb 08, 2025
- In Favour of Revenue
- Citation Number : TS-70-HC-2025(BOM)
- Tax Payer : Kiran Harsukhlal Hemani
High Court
HC: Quashes reassessment proceedings being time barred, follows SC judgments in Ashish Agarwal & Rajiv Bansal
Feb 08, 2025
- In Favour of Assessee
- Citation Number : TS-90-HC-2025(DEL)
- Tax Payer : Ram Balram Buildhome Pvt. Ltd
Supreme Court
SC: Compounding of offences allowable in deserving cases, voluntary disclosure covered under 'first offence'; Allows Assessee's SLP
Feb 07, 2025
- In Favour of Assessee
- Citation Number : TS-94-SC-2025
- Tax Payer : Vinubhai Mohanlal Dobaria
Income tax Appellate Tribunal
ITAT: SB allows expenses allocated to Indian PE, u/Article7(3) of India-UAE DTAA, restrictions u/s 44C not applicable
Feb 07, 2025
- In Favour of Assessee
- Citation Number : TS-92-ITAT-2025(Mum)
- Tax Payer : Mashreq Bank PSC