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Rulings ( 12931 results )

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Income tax Appellate Tribunal

ITAT: Sets aside CIT(A) order, not reasoned & speaking, violates principles of natural justice

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2025(Bang)
  • Tax Payer : SLK Software Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Adjustment in purchase consideration due to increase in GST rates, not within ambit of Section 56(2)(x)

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-89-ITAT-2025(Mum)
  • Tax Payer : Jayantilal Umashankar Chavji
Income tax Appellate Tribunal

ITAT: Power u/s 263 can be invoked on basis of ‘record’ at the time of examination, sets aside Sec. 263 order

Feb 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2025(Bang)
  • Tax Payer : Vinod Kumar Singhal
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Confirms attachment of seized items as Benami; Benamidar lent its name, didnot disclose beneficial owners

Feb 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-87-PBPTAT-2025(DEL)
  • Tax Payer : SRS Mining
Income tax Appellate Tribunal

ITAT: Quashes penalty u/s 270A, claim made under bonafide belief; Interprets word "may" u/s 270A as discretionary

Feb 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2025(CHNY)
  • Tax Payer : Chitra Jaikumar
Income tax Appellate Tribunal

ITAT: Allows LTCL carry forward, no set-off against LTCG, ‘transaction wise’ approach as per Indo-Mauritius DTAA

Feb 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2025(Mum)
  • Tax Payer : Matrix Partners India Investment Holdings, LLC
Income tax Appellate Tribunal

ITAT: Sec. 80IA deduction rejected, Assessee mere contractor of LMRCL, not a BOT case

Feb 05, 2025
  • In Favour of Revenue
  • Citation Number : TS-84-ITAT-2025(Mum)
  • Tax Payer : Gulermak TPL Joint Venture
High Court

HC: Holds Amex’s new STP unit eligible u/s 10A, basis different activities, separate licenses & new infrastructure

Feb 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-83-HC-2025(DEL)
  • Tax Payer : American Express India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to grant interest u/s 244A from self-assessment tax date, capital gains offered on misconception of facts

Feb 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2025(CHNY)
  • Tax Payer : Goyals International
High Court

HC: Directs AOs to frame orders following principles laid in Rajeev Bansal; AO to pass speaking order

Feb 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-81-HC-2025(DEL)
  • Tax Payer : Kanwaljeet Kaur
High Court

HC: Satyam 'fraud' vitiates assessment orders; Orders re-calculation of income excluding 'fictitious' sales

Feb 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-80-HC-2025(TEL)
  • Tax Payer : Satyam Computer Services Limited
Income tax Appellate Tribunal

ITAT: Notice u/s 148 on D.K. Shivakumar bad in law, material discovered in third party search, assessment valid u/s 153C

Feb 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2025(Bang)
  • Tax Payer : D. K. Shivakumar
High Court

HC: Penalty u/s 271(1)(c) correctly levied, taxpayer created subterfuge/device to evade taxes

Feb 04, 2025
  • In Favour of Revenue
  • Citation Number : TS-78-HC-2025(BOM)
  • Tax Payer : Veena Estate Pvt. Ltd
Supreme Court

SC: Copy of SC order dismissing assessee's MFN petition

Feb 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-75-SC-2025
  • Tax Payer : Societe De Participations Financiers
Income tax Appellate Tribunal

ITAT: Section 56(2)(x) prospective in nature, not applicable to transactions prior to 2017

Feb 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2025(Kol)
  • Tax Payer : Kajari Banerjee
Income tax Appellate Tribunal

ITAT: Dismisses Cross appeal, disputed amounts under DTVSV proceedings, tax liability already discharged

Feb 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2025(Mum)
  • Tax Payer : Priya Hiranandani
Income tax Appellate Tribunal

ITAT: No penalty leviable u/s 271(1)(c), disclosure of primary facts, provision made under bonafide belief

Feb 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2025(Mum)
  • Tax Payer : Ambuja Cements Ltd.
High Court

HC: Law firm paying non-lawyer for 'Remfry & Sagar' goodwill, allowable deduction; Bar Council rules not violated

Jan 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-73-HC-2025(DEL)
  • Tax Payer : Remfry & Sagar
High Court

HC: Strikes down CBDT Circular prescribing limitation period for refund petition

Jan 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-69-HC-2025(DEL)
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Interest arising from securitization of debt eligible for deduction u/s 36(1)(viii)

Jan 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2025(Mum)
  • Tax Payer : HDFC Bank Ltd.