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Rulings ( 14232 results )

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Income tax Appellate Tribunal

ITAT: Rejects Revenue's penny stock addition, cites share transaction genuine & not adjustment entry

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1406-ITAT-2025(Mum)
  • Tax Payer : Oscar Infra Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows Bajaj Auto’s purchases of dyes & moulds, jigs & fixtures, & software, as Revenue in nature

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1405-ITAT-2025(Mum)
  • Tax Payer : Bajaj Auto Limited
Income tax Appellate Tribunal

ITAT: Sec. 50C inapplicable to cash compensation received as ‘interest’ in lieu of delay in flat hand over

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1404-ITAT-2025(Mum)
  • Tax Payer : Suvarna Chandrakant Bhojane
Income tax Appellate Tribunal

ITAT: Loan received from subsidiary in ordinary course of business not ‘deemed dividend’ u/s 2(22)(e)

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1403-ITAT-2025(CHANDI)
  • Tax Payer : Jujhar Construction & Travels Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds validity of approval u/s 153D sans no finding of ‘non-application of mind’ & mechanical approach

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1402-ITAT-2025(DEL)
  • Tax Payer : Kailash Gahlot
Income tax Appellate Tribunal

ITAT: Grants Tata Communications Sec. 80IA relief; Equates internet services with eligible EDI services

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-1401-ITAT-2025(Mum)
  • Tax Payer : Tata Communications Limited
Income tax Appellate Tribunal

ITAT: AO's failure to verify genuineness of penny stock purchase & sale, erroneous & prejudicial; Upholds revision order

Oct 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-1399-ITAT-2025(Rjt)
  • Tax Payer : Mansukhlal Khimji Khimasiya HUF
Income tax Appellate Tribunal

ITAT: CIT(A) failed to pass reasoned order & quantify undisclosed income; Restores Sec. 271AAB penalty appeal

Oct 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-1398-ITAT-2025(GAU)
  • Tax Payer : Bhagya Kalita
Income tax Appellate Tribunal

ITAT: Quashes Sec. 144 assessment for lack of jurisdiction as AO wrongly dispensed with mandatory Sec. 143(2) notice

Oct 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-1396-ITAT-2025(VIZ)
  • Tax Payer : Sri Ksheera Ramalingeswara Swamy Temple
Income tax Appellate Tribunal

ITAT: Special Bench interprets word “may” u/s 43 of BMA as directory in nature; AO retains discretion on penalty

Oct 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-1395-ITAT-2025(Mum)
  • Tax Payer : Vinil Venugopal
Income tax Appellate Tribunal

ITAT: Refuses to condone delay due to insufficient cause; Rejects Assessee’s plea of CA misconduct sans corroborative evidence

Oct 25, 2025
  • Citation Number : TS-1391-ITAT-2025(DEL)
  • Tax Payer : Summit Aviation Private Limited
Income tax Appellate Tribunal

ITAT: Quashes reassessment for non-furnishing of sanction u/s 151(2) & being invalid as violative of Sec. 149(1)(b)

Oct 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1393-ITAT-2025(DEL)
  • Tax Payer : Deepak Agarwal
Income tax Appellate Tribunal

ITAT: CIT(E) alone empowered to decide Sec. 12AB registration/cancellation disputes, cites PCIT(Central) lacks jurisdiction

Oct 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1390-ITAT-2025(DDN)
  • Tax Payer : Sushila Devi Centre for Professional Studies and Research
Income tax Appellate Tribunal

ITAT: Distance of land sold from municipal limits as per CG’s Notification, expansion of Municipal limits thereafter, irrelevant

Oct 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1394-ITAT-2025(DEL)
  • Tax Payer : Mahabir
Income tax Appellate Tribunal

ITAT: Quashes assessment u/s 153C sans proper satisfaction note by AO of searched-person

Oct 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-1392-ITAT-2025(DEL)
  • Tax Payer : Elan Limited
Income tax Appellate Tribunal

ITAT: Third Member upholds consistency, urges to avoid multiple rounds of litigation; Rejects de novo remand

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1389-ITAT-2025(Mum)
  • Tax Payer : Shah and Parikh
High Court

HC: Condones delay in return filing attributable to belated advice by Accountant on complex issue

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1388-HC-2025(BOM)
  • Tax Payer : Balaji Landmarks LLP Eartwhile ; Balaji Landmarks Private Limited
Income tax Appellate Tribunal

ITAT: Upholds reassessment validity, cites direct nexus between material relied on & reason recorded for reopening

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1387-ITAT-2025(DEL)
  • Tax Payer : Raheja Developers Limited
Income tax Appellate Tribunal

ITAT: Allows Sec. 54G deduction, shift in industrial unit to non-urban area satisfies all conditions

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1386-ITAT-2025(DEL)
  • Tax Payer : Neha Gupta
Income tax Appellate Tribunal

ITAT: No suppression of facts, mere erroneous interpretation of law is not misreporting u/s 270A; Deletes penalty

Oct 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1385-ITAT-2025(Mum)
  • Tax Payer : Bharatkumar Jaishinh Soni