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Rulings ( 14233 results )

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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
Income tax Appellate Tribunal

ITAT: Carry forward of unabsorbed depreciation cannot be denied basis non-est ROI of preceding AYs u/s 139(1)

Oct 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1384-ITAT-2025(Mum)
  • Tax Payer : Hewlett Packard Financial Services (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Activities charitable in nature with no element of trade, commerce or business; Revision u/s 263 unjustified

Oct 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1383-ITAT-2025(Mum)
  • Tax Payer : National Payments Corporation of India
High Court

HC: Dismisses appeal as ‘no substantial question of law’ given categorical finding on suppression of income

Oct 23, 2025
  • In Favour of Revenue
  • Citation Number : TS-1382-HC-2025(BOM)
  • Tax Payer : Akhtar Hasan Rizvi
Income tax Appellate Tribunal

ITAT: Ship parts replacement is work contract, not FTS; Quashes TDS default due to no PE under DTAA

Oct 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1381-ITAT-2025(DEL)
  • Tax Payer : HAL Offshore Ltd
High Court

HC: Quashes reassessment proceedings, being time-barred u/s 149(1) & vitiated as initiated without jurisdiction

Oct 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1380-HC-2025(TEL)
  • Tax Payer : Sri Sai Dhurga Balaji Health and Educational Welfare Society
High Court

HC: HC: HC: Quashes reassessment proceedings as Sec. 148 notice quashed by coordinate bench HC

Oct 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1378-HC-2025(BOM)
  • Tax Payer : Verjinia Foods Limited
Income tax Appellate Tribunal

ITAT: Foreign remittance towards use of IT infrastructure facility, not royalty, not liable to TDS

Oct 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1377-ITAT-2025(PUN)
  • Tax Payer : Bekaert Industries Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition u/s 69 & 69A, basis uncorroborated digital data, sans credible material or justification

Oct 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1376-ITAT-2025(DEL)
  • Tax Payer : Raghav Kumar
Income tax Appellate Tribunal

ITAT: Rejects unrealistic DCF valuation, upholds Sec. 56(2)(viib) addition on share premium

Oct 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1375-ITAT-2025(Rjt)
  • Tax Payer : Kataria Snack Pellets Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Not filing Form 10B along with return but within statutory due date of audit report, eligible for Sec.11 exemption

Oct 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1370-ITAT-2025(CHNY)
  • Tax Payer : Alternative for India Development
High Court

HC: Interest from employee loans by Electricity company qualifies as business income, not IFOS

Oct 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1373-HC-2025(GUJ)
  • Tax Payer : Paschim Gujarat Vij Company Limited
High Court

HC: No prosecution u/s 276C despite delayed tax payment sans wilful tax evasion or suppression of income

Oct 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1371-HC-2025(MAD)
  • Tax Payer : G Square Layout Private Limited
High Court

HC: Accepts Assessee’s genuine hardship of denial of Sec. 11 deduction, condones delay in Form 10B filing

Oct 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1374-HC-2025(BOM)
  • Tax Payer : Dinesh Surendra Kotecha
High Court

HC: Quashes CIT(A) order as violated DGIT(Inv.) notification; Extraordinary disposal of 50 appeals evidences procedural impropriety

Oct 18, 2025
  • In Favour of Revenue
  • Citation Number : TS-1372-HC-2025(KAR)
  • Tax Payer : G. Lalanatha Reddy
Income tax Appellate Tribunal

ITAT: Deletes unexplained jewellery addition, as source accepted in spouse’s assessment on identical satisfaction note

Oct 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1338-ITAT-2025(Bang)
  • Tax Payer : Sunil Suresh
Income tax Appellate Tribunal

ITAT: No duplication or excessive bad debts deduction claim, allows deduction under both Secs. 36(1)(vii) & 36(1)(viia)

Oct 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1369-ITAT-2025(Mum)
  • Tax Payer : Small Industries Development Bank of India
Income tax Appellate Tribunal

ITAT: Condones delay of Sec. 80G registration renewal, filed belatedly due to portal glitches; Directs readjudication

Oct 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1322-ITAT-2025(Mum)
  • Tax Payer : Khetaji Dhanaji Charitable Trust
Income tax Appellate Tribunal

ITAT: Deletes addition of demonetisation deposits as source explained, Revenue failed to rebut explanation

Oct 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1340-ITAT-2025(Mum)
  • Tax Payer : Chandraprabha Co-operative Credit Society Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment on fictitious LTCG basis incorrect facts, cites lack of due diligence & application of mind

Oct 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1353-ITAT-2025(Ahd)
  • Tax Payer : Ashok Amarnath Agrawal