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Rulings ( 12900 results )

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Income tax Appellate Tribunal

ITAT: Expenses incurred for expansion of existing business, revenue in nature allowable u/s 37(1)

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-795-ITAT-2025(DEL)
  • Tax Payer : Tata Teleservices Ltd
Income tax Appellate Tribunal

ITAT: Confirms capital gains tax on company-to-LLP conversion due to non-compliance with exemption conditions

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2025(Mum)
  • Tax Payer : ISC Specialty Chemicals LLP
Income tax Appellate Tribunal

ITAT: Allows interest deduction u/s 36(1)(iii) on idle funds, given commercial expediency

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2025(Mum)
  • Tax Payer : Incline Realty Private Limited
High Court

HC: Upholds Assessee's right to seized property, overrules Tax Dept's claim in criminal case

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-792-HC-2025(MP)
  • Tax Payer : Shravan Kumar Pathak
Income tax Appellate Tribunal

ITAT: Deletes Sec. 43B disallowance on GST liability erroneously reflected in TAR

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-789-ITAT-2025(Bang)
  • Tax Payer : CAST Software India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Live telecast lacks copyright, license fees for broadcasting rights not taxable as ‘royalty’

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2025(DEL)
  • Tax Payer : Trans World Intrnational LLC
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition, given unsecured loan repaid via banking channel & onus discharged

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2025(Ahd)
  • Tax Payer : Shani Prahladbhai Patel
Income tax Appellate Tribunal

ITAT: Sale-consideration not ‘income’ chargeable to tax; Quashes reassessment given income below Rs. 50 lakh

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2025(Mum)
  • Tax Payer : Ankita Ashok Wairkar
Income tax Appellate Tribunal

ITAT: Deletes disallowance of Sec. 43A exemption on forex gain from machinery import

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2025(Mum)
  • Tax Payer : Mahakoshal Refractories Private Limited
Income tax Appellate Tribunal

ITAT: Reassessment notice issued in violation of Sec. 149(1)(b), unsustainable; Quashes proceedings

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2025(Rjt)
  • Tax Payer : Mukesh Manekchand Sheth
Income tax Appellate Tribunal

ITAT: Restores matter to adjudicate afresh on Assessee’s eligibility for FTS

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-788-ITAT-2025(Mum)
  • Tax Payer : Hirachand Damji Dand
Income tax Appellate Tribunal

ITAT: Upholds revision absent application of mind on Sec. 43CA safe harbour applicability

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-790-ITAT-2025(Mum)
  • Tax Payer : Dhana-Shree Developers
Income tax Appellate Tribunal

ITAT: Penny stock gains not bogus; Deletes addition based on uncorroborated broker statements

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-787-ITAT-2025(VIZ)
  • Tax Payer : Ashok Kumar Agrawal
Income tax Appellate Tribunal

ITAT: Reassessment invalid due to flawed information & verified related-party dealings; Deletes addition u/s 68

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-786-ITAT-2025(Mum)
  • Tax Payer : Vidarbha Mining Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, given assessment exercise extrapolated basis bills found in survey

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2025(Mum)
  • Tax Payer : Vividham Sweets & Dry Fruits
Income tax Appellate Tribunal

ITAT: Rules PCIT(Central) lacked jurisdiction to retrospectively cancel Sec. 12A registration; Allows appeal

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-783-ITAT-2025(DEL)
  • Tax Payer : Lala Sher Singh Memorial Jeevan Vigyan Trust Society
Income tax Appellate Tribunal

ITAT: Criticizes Assessee's negligent approach & failure to demonstrate true facts, imposes token cost

Jun 18, 2025
  • In Favour of Revenue
  • Citation Number : TS-782-ITAT-2025(Mum)
  • Tax Payer : Tata AIA Life Insurance Company Limited
Income tax Appellate Tribunal

ITAT: Assessee entitled to DDT refund; Confirms IFC's unqualified tax exemption overrides Income Tax Act

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2025(Mum)
  • Tax Payer : Polycab India Limited
High Court

HC: Sec. 144C deadlines integral to speedy TP assessments; Upholds strict adherence to DRP deadlines

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-777-HC-2025(KER)
  • Tax Payer : IBS Software Services Private Limited
High Court

HC: Rules interference scope "very narrow"; Upholds settlement commission's full disclosure finding

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-776-HC-2025(MAD)
  • Tax Payer : Dr. Kamala Selvaraj