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Rulings ( 12510 results )

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Income tax Appellate Tribunal

ITAT: Capital loss carry forward from earlier AYs cannot be denied basis rectification order in later AY

Apr 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2025(Mum)
  • Tax Payer : BNS Asia Limited
Income tax Appellate Tribunal

ITAT: US resident's receipts for 'Passenger Services' not FTS, sans make available requirement fulfillment

Apr 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2025(Mum)
  • Tax Payer : Sita Information Networking Computing USA Inc.
Income tax Appellate Tribunal

ITAT: Assessee’s conduct & postal remark sufficient to conclude presumption of service of notice u/s 148

Apr 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2025(DEL)
  • Tax Payer : Jai Singh
Income tax Appellate Tribunal

ITAT: Upholds deletion of disallowance of expense reimbursement, Revenue unable to controvert facts

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2025(DEL)
  • Tax Payer : V & S Seair Logistics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms revision given assessment order passed without any inquiry & no application of mind

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2025(Ahd)
  • Tax Payer : Gujarat State Electricity Corporation Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec. 54 benefit for investment made in spouse name, Follows Ravinder Kumar Arora judgment

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2025(DEL)
  • Tax Payer : Dharam Veer Singh
Income tax Appellate Tribunal

ITAT: Quashes assessment as void ab-initio, sans valid issuance of notice under Sec. 143(2)

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2025(PUN)
  • Tax Payer : Dhanottam Vasant Lonkar
High Court

HC: Upholds case transfer u/s 127 to facilitate effective & co-ordinated investigation

Apr 12, 2025
  • In Favour of Revenue
  • Citation Number : TS-386-HC-2025(GUJ)
  • Tax Payer : Vishal Darshanlal Talreja
Income tax Appellate Tribunal

ITAT: Transfer of development rights, mere licence to permit construction & not transfer u/s 2(47)(v)

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2025(PUN)
  • Tax Payer : Balasaheb Popatrao Phadol
Income tax Appellate Tribunal

ITAT: Quashes reassessment for mechanical approval u/s 153D; Relies on Rishab Buildwell ruling

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2025(Mum)
  • Tax Payer : Navratan Management Private Limited
Income tax Appellate Tribunal

ITAT: Revenue's appeal not maintainable where AO's remand report favours Assessee

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2025(Mum)
  • Tax Payer : Bharat Ratilal Shah
Income tax Appellate Tribunal

ITAT: Deletes penny stock capital gain addition made solely on BSE's 133(6) response sans supporting evidence

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2025(Mum)
  • Tax Payer : Rajesh Dineshchandra Sanghvi
Income tax Appellate Tribunal

ITAT: Quashes revisionary order u/s 263 citing non-fullfilment of twin conditions

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2025(Mum)
  • Tax Payer : Abhyudaya Coop Bank Ltd
Income tax Appellate Tribunal

ITAT: Sec. 69A not applicable given impugned transactions explained and confirmed by involved parties

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2025(Mum)
  • Tax Payer : Arun Ashar
Income tax Appellate Tribunal

ITAT: Confirms Sec. 68, 69 additions absent proof of creditworthiness & genuineness of transactions

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-372-ITAT-2025(Mum)
  • Tax Payer : Blue Moon Housing & Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69D disallowance, cites documents cannot be treated as Hundi

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2025(Mum)
  • Tax Payer : Kemox Corporation
Income tax Appellate Tribunal

ITAT: Allows 80IA deduction as windmill undertaking acquired under slump sale on going concern basis

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2025(Mum)
  • Tax Payer : Warmth Windpower LLP
Income tax Appellate Tribunal

ITAT: CBDT’s withdrawal of Industrial Park approval unsustainable, power of approval/withdrawl with Central Government

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2025(Mum)
  • Tax Payer : Pantheon Infrastructure Pvt. Ltd
Income tax Appellate Tribunal

ITAT: LTCG grandfathered as per Art. 13(4) of India-Mauritius DTAA not adjustable against STCL or LTCL

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2025(Mum)
  • Tax Payer : Bay Capital India Fund Limited
Supreme Court

SC: Restores ITAT’s remand order for determining if duty drawback was accepted in relevant AY

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-375-SC-2025
  • Tax Payer : Maruti Suzuki India Limited