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Rulings ( 12932 results )
Supreme Court
SC: Disposes Assessee's SLP against HC order, offense u/s 51(1) of BMA; Grants liberty to avail statutory remedy
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-44-SC-2025
- Tax Payer : Sanjay Bhandari
Income tax Appellate Tribunal
ITAT: Holds ‘reasonable cause’ for violation u/s 269T, deletes penalty u/s 271E
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-45-ITAT-2025(PUN)
- Tax Payer : Nilons Enterprises Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Assessment order framed on incorrect assumption & lack of enquiry, upholds PCIT order u/s 263
Jan 23, 2025
- In Favour of Revenue
- Citation Number : TS-43-ITAT-2025(Ahd)
- Tax Payer : Shreeji Associates
Income tax Appellate Tribunal
ITAT: Disagreement on income treatment, not tantamounts to furnishing inaccurate particulars; Deletes penalty
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-42-ITAT-2025(Mum)
- Tax Payer : Rothshield Insurance TPA Ltd
Income tax Appellate Tribunal
ITAT: Reassessment notice approved by CIT(IT) instead Pr. CCIT u/s 151(ii), invalid; Quashes reassessment
Jan 22, 2025
- In Favour of Assessee
- Citation Number : TS-41-ITAT-2025(Mum)
- Tax Payer : Davos International Fund
Income tax Appellate Tribunal
ITAT: Income taxed in hands of beneficiaries, not assessable again in hands of Trust
Jan 22, 2025
- In Favour of Assessee
- Citation Number : TS-40-ITAT-2025(Mum)
- Tax Payer : Punit Deora Trust
High Court
HC: Profits from sale of shares treated as business income, not STCG u/s 111A
Jan 21, 2025
- In Favour of Revenue
- Citation Number : TS-979-HC-2024(MAD)
- Tax Payer : First Choice Professional Services Private Limited
High Court
HC: Affirms Tribunal order setting aside penalty order passed u/s 271D, notice barred by limitation
Jan 21, 2025
- In Favour of Assessee
- Citation Number : TS-39-HC-2025(KAR)
- Tax Payer : K Umesh Shetty
High Court
HC: Upholds Constitutional validity of Sec. 17(2) amendments with a limited retrospective effect
Jan 21, 2025
- In Favour of Assessee
- Citation Number : TS-38-HC-2025(BOM)
- Tax Payer : All India Central Bank Officers Federation
Income tax Appellate Tribunal
ITAT: Co-contracting not DAPE sans any dependence for service responsibilities, deletes survey charges
Jan 21, 2025
- In Favour of Assessee
- Citation Number : TS-37-ITAT-2025(Mum)
- Tax Payer : International Air Transport Association (CANADA)
Supreme Court
SC: Vodafone wins big as SC dismisses Revenue's SLP in Rs. 1600 cr refund matter
Jan 20, 2025
- In Favour of Assessee
- Citation Number : TS-36-SC-2025
- Tax Payer : Vodafone Idea Limited
Income tax Appellate Tribunal
ITAT: Remands matter for fresh adjudication, additions cannot be made to surplus over expenditure of Trust/Society
Jan 20, 2025
- In Favour of Assessee
- Citation Number : TS-35-ITAT-2025(CHANDI)
- Tax Payer : K.C. Social Welfare Trust
Income tax Appellate Tribunal
ITAT: Uncertified bank statements, not admissible evidence; Quashes BMA assessment, Assessee not beneficial owner
Jan 20, 2025
- In Favour of Assessee
- Citation Number : TS-34-ITAT-2025(Kol)
- Tax Payer : Anurag Kejriwal
High Court
HC: Directs UOI to approve industrial park "Salarpuria Touch Stone" under IPS, 2002 as per 80-IA(4)(iii)
Jan 20, 2025
- In Favour of Assessee
- Citation Number : TS-978-HC-2024(KAR)
- Tax Payer : Salarpuria Properties Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Revision order on issues not subject matter of appellate proceedings, is valid
Jan 18, 2025
- In Favour of Revenue
- Citation Number : TS-24-ITAT-2025(RAI)
- Tax Payer : Vijay Kumar Patel
Income tax Appellate Tribunal
ITAT: Deletes disallowance u/s 40(a)(ia) on account of reimbursement of expenses
Jan 18, 2025
- In Favour of Assessee
- Citation Number : TS-14-ITAT-2025(Mum)
- Tax Payer : CRISIL Limited
Income tax Appellate Tribunal
ITAT: Reassessment basis DRI report alleging unaccounted foreign remittances valid; Affirms ‘reasons to believe’ on tangible material sufficient
Jan 18, 2025
- In Favour of Assessee
- Citation Number : TS-977-ITAT-2024(DEL)
- Tax Payer : Sanjeev Wadhwa
Income tax Appellate Tribunal
ITAT: Assessment without Sec.153D approval void; Sec.153D approval for “each assessment year” separately
Jan 18, 2025
- In Favour of Assessee
- Citation Number : TS-32-ITAT-2025(RAI)
- Tax Payer : NR TMT (India) Pvt. Ltd.
High Court
HC: Directs processing the condonation application for delayed ITRs pending over 5 years
Jan 18, 2025
- In Favour of Assessee
- Citation Number : TS-33-HC-2025(RAJ)
- Tax Payer : Late Kanta Devi Jain, Through her Legal Heir Shri Sunil Mittal
High Court
HC: Assessment on non-existent entity, a fatal flaw, cannot be rescued u/s 292B; Distinguishes Sky Light decision
Jan 17, 2025
- In Favour of Assessee
- Citation Number : TS-31-HC-2025(DEL)
- Tax Payer : Vedanta Ltd