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Rulings ( 13941 results )
High Court
HC: Applies 'intimate connection' test to hold vintage car as not 'personal effect'
Aug 18, 2025
- In Favour of Revenue
- Citation Number : TS-1070-HC-2025(BOM)
- Tax Payer : Narendra I. Bhuva
Income tax Appellate Tribunal
ITAT: ITAT: One-time life membership fee receipt by Trust, capital in nature; Applies real income & consistency principles
Aug 18, 2025
- In Favour of Assessee
- Citation Number : TS-1069-ITAT-2025(DEL)
- Tax Payer : Council of Architecture
Income tax Appellate Tribunal
ITAT: Rejects individual tax on ancestral property sale; Directs taxation in HUF's hands
Aug 18, 2025
- In Favour of Assessee
- Citation Number : TS-1068-ITAT-2025(DEL)
- Tax Payer : Ram Kumar Tyagi
Income tax Appellate Tribunal
ITAT: Rural advances extended by amalgamating NBFC between appointed & effective date deductible u/s 36(1)(viia)
Aug 18, 2025
- In Favour of Assessee
- Citation Number : TS-1067-ITAT-2025(Mum)
- Tax Payer : IndusInd Bank Limited
Income tax Appellate Tribunal
ITAT: Upholds addition u/s 69 on unexplained purchases from GST cancelled supplier; Remits back for verification of ITC claim
Aug 16, 2025
- In Favour of Both, Partially
- Citation Number : TS-1064-ITAT-2025(Ahd)
- Tax Payer : Kaushal Pravinkumar Shah
Income tax Appellate Tribunal
ITAT: Deletes Sec. 69A addition on pre-marriage gifts sans independent AO inquiry or defects in donor list
Aug 16, 2025
- In Favour of Assessee
- Citation Number : TS-1063-ITAT-2025(Ahd)
- Tax Payer : Manubhai Dahyabhai Bhoi
High Court
HC: Grants TDS credit in year of actual receipt of compulsory acquisition compensation, notwithstanding accounting method
Aug 16, 2025
- In Favour of Assessee
- Citation Number : TS-1065-HC-2025(MAD)
- Tax Payer : S P Velayutham
High Court
HC: Upholds addition u/s 68 for unexplained share capital, given AO proved paper co. structure & dubious fund trails
Aug 16, 2025
- In Favour of Revenue
- Citation Number : TS-1066-HC-2025(DEL)
- Tax Payer : Jaguar Buildcon
Income tax Appellate Tribunal
ITAT: ITAT: Deletes Sec. 68 addition towards unexplained income on shares sale received as corpus donation from trustee
Aug 14, 2025
- In Favour of Assessee
- Citation Number : TS-1062-ITAT-2025(Ahd)
- Tax Payer : Dr. K.R. Shroff Foundation
High Court
HC: Upholds reassessment given sanction in consonance with Sec. 151(i) due to exclusion of COVID period
Aug 14, 2025
- In Favour of Assessee
- Citation Number : TS-1061-HC-2025(PAT)
- Tax Payer : Healing Touch Hospital
Income tax Appellate Tribunal
ITAT: Mere dealing in manipulated scrip does not justify adverse inference; Deletes penny stock transaction addition
Aug 14, 2025
- In Favour of Assessee
- Citation Number : TS-1060-ITAT-2025(Ahd)
- Tax Payer : Urveen Shivprasad Vyas
High Court
HC: Refuses to condone delay of 7 years in filing appeal before CIT(A) sans cogent explanation
Aug 14, 2025
- In Favour of Revenue
- Citation Number : TS-1059-HC-2025(KAR)
- Tax Payer : Chilume Social Service Society
Income tax Appellate Tribunal
ITAT: Rejecting rectification of apparent factual & arithmetic mistake, resulting in income overstatement, unjustified
Aug 14, 2025
- In Favour of Assessee
- Citation Number : TS-1056-ITAT-2025(Ahd)
- Tax Payer : Janki Wind Farm Developers Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Third Member quashes reopening basis audit objection, breaks Division Bench logjam
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1057-ITAT-2025(DEL)
- Tax Payer : India Exposition Mart Ltd
High Court
HC: Condones 924 days’ delay in filing ROI, considering genuine hardship caused to Assessee
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1055-HC-2025(KAR)
- Tax Payer : Anitha B.H
Income tax Appellate Tribunal
ITAT: Allows Sec. 87A rebate against STCG tax citing no express legislative exclusion
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1054-ITAT-2025(Ahd)
- Tax Payer : Jayshreeben Jayantibhai Palsana
High Court
HC: Remands issue of exemption u/s 10(25) for fresh consideration, emphasizes on concept of 'genuine hardship'
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1045-HC-2025(KAR)
- Tax Payer : Tumkur Veerashaiva Co-Operative Bank Limited
Income tax Appellate Tribunal
ITAT: Partners' profit share alteration basis family arrangement, not 'business arrangement'; Sec. 28(iv) inapplicable
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1053-ITAT-2025(CHNY)
- Tax Payer : Damayanti Ramachandran
Foreign Court
FC: Sharply divided Australian HC hands PepsiCo big win on 'royalty' controversy
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1052-FC-2025(AUS)
- Tax Payer : Pepsico, Inc.
Income tax Appellate Tribunal
ITAT: ITAT: Allows depreciation on goodwill u/s 32(1) arising from amalgamation scheme; Relies on Smiff Securities
Aug 13, 2025
- In Favour of Assessee
- Citation Number : TS-1051-ITAT-2025(Mum)
- Tax Payer : Aditya Birla Finance Limited