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Rulings ( 13526 results )
Income tax Appellate Tribunal
ITAT: License fees from leasing commercial property treated as house property income as per principle of consistency
May 08, 2025
- In Favour of Assessee
- Citation Number : TS-537-ITAT-2025(Kol)
- Tax Payer : Hind Ceramics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Condemns Revenue's injudicious addition & blasts "mindless" assessment approach; Orders fresh verification
May 08, 2025
- In Favour of Assessee
- Citation Number : TS-535-ITAT-2025(Mum)
- Tax Payer : Rajendra Bhalchandra Mokashi
High Court
HC: Quashes reassessment proceedings against political-party for being time barred; Follows Ram Balram
May 08, 2025
- In Favour of Assessee
- Citation Number : TS-511-HC-2025(DEL)
- Tax Payer : Samajwadi Party
High Court
HC: Quashes Sec. 119 (2)(b) order rejecting delay condonation for filing ROI absent personal hearing
May 08, 2025
- In Favour of Assessee
- Citation Number : TS-529-HC-2025(MAD)
- Tax Payer : Jaldhi Overseas Pte Ltd
High Court
HC: JAO has exclusive jurisdiction over issuance of notice u/s 148; Dismisses writ
May 08, 2025
- In Favour of Revenue
- Citation Number : TS-530-HC-2025(MAD)
- Tax Payer : Perur Builders Private Limited
High Court
HC: Petitioners to avail remedy before ITAT u/s 132B to challenge warrant of authorization
May 08, 2025
- In Favour of Revenue
- Citation Number : TS-532-HC-2025(MP)
- Tax Payer : Mahesh Jagabandhu Roy And Others
High Court
HC: Sec. 153C doesn't contemplate 'hiatus' vis-a-vis limitation period calculation for 'other person'
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-533-HC-2025(DEL)
- Tax Payer : Carol Infrastructure Private Limited
High Court
HC: Explains when refund becomes 'conclusively due'; Rejects assessee's hair-splitting of preliminary communication
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-531-HC-2025(BOM)
- Tax Payer : Fcbulka Advertising Pvt Ltd
Income tax Appellate Tribunal
ITAT: Assessee entitled to WIP claim even if payees are non-filers & untraceable, given transactions' documented
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-528-ITAT-2025(CHNY)
- Tax Payer : Jacaranda Properties Private Limited
Income tax Appellate Tribunal
ITAT: Assessee not beneficiary of sham transaction, sans evidence of involvement; Allows exemption u/s 10(35)
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-525-ITAT-2025(Mum)
- Tax Payer : Rasesh Manhar Bhansali Gem & Jewellery Complex
High Court
HC: Distinguishing Delhi HC rulings, affirms genuineness of high share premium transaction
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-524-HC-2025(CAL)
- Tax Payer : Wise Investment Private Limited
Income tax Appellate Tribunal
ITAT: Addition towards interest accrued being not recoverable basis debtor becoming NPA, not warranted
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-523-ITAT-2025(Mum)
- Tax Payer : Rare Enterprises
Income tax Appellate Tribunal
ITAT: Reasons recorded by AO basis vague info. reflects non-application undermining reopening
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-521-ITAT-2025(Mum)
- Tax Payer : Dipti Sureshchandra Bajaj
Income tax Appellate Tribunal
ITAT: Restricts bogus-purchase addition u/s 69C to 5% GP rate, cites Assessee proved genuineness
May 07, 2025
- In Favour of Both, Partially
- Citation Number : TS-522-ITAT-2025(Mum)
- Tax Payer : Khimchand Okchand Bhansali
Income tax Appellate Tribunal
ITAT: Quashes reassessment citing failure to serve notice on UAE-based Assessee’s correct address
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-520-ITAT-2025(Mum)
- Tax Payer : Aptivaa Middle East FZE
Income tax Appellate Tribunal
ITAT: Upholds CIT(A) Order restricting bogus purchase addition, follows Assessee’s earlier case
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-519-ITAT-2025(Mum)
- Tax Payer : Icon Infotech Private Limited
Income tax Appellate Tribunal
ITAT: No transfer of firm assets or benefit accrued to partners for invocation of Sec. 45(4)
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-509-ITAT-2025(Bang)
- Tax Payer : Anand Diagnostic Laboratory
Income tax Appellate Tribunal
ITAT: Non-resident's independent services not FTS, no TDS liability under India-Sri Lanka & Kenya DTAA
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-518-ITAT-2025(DEL)
- Tax Payer : Sujan Luxury Hospitality Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Pardons inadvertent error in Form 3CD, asserts power to adjudicate issues basis revised TAR
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-517-ITAT-2025(Mum)
- Tax Payer : Kopran Ltd
Income tax Appellate Tribunal
ITAT: Donations from Ketto platform unutilized for intended purpose, diverted for personal use, taxable u/s 56(2)(x)
May 06, 2025
- In Favour of Revenue
- Citation Number : TS-516-ITAT-2025(Mum)
- Tax Payer : Rana Ayyub Shaikh