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Rulings ( 13526 results )
High Court
HC: Invokes 'reasonable cause' doctrine u/s 273B, quashes penalty on loan repayment in cash
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-515-HC-2025(CHAT)
- Tax Payer : Sandeep Kaur Gill
High Court
HC: CIT(A) must conduct inquiry, formulate points even when assessee doesn't show up
May 06, 2025
- In Favour of Both, Partially
- Citation Number : TS-514-HC-2025(CHAT)
- Tax Payer : Adim Jati Seva Sahkari
High Court
HC: Invokes 'substance' u/s 292B to uphold otherwise defective notice; Reverses ITAT
May 06, 2025
- In Favour of Revenue
- Citation Number : TS-513-HC-2025(GAUH)
- Tax Payer : Shankar Lall Goenka
Income tax Appellate Tribunal
ITAT: Holds no piecemeal use of search findings; Allows unaccounted expense deduction from on-money receipt
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2025(Mum)
- Tax Payer : Roshni Enterprises
Income tax Appellate Tribunal
ITAT: Lifting of corporate veil unjustified, sans allegations of tainted money; Assessees not beneficial owners of assets
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2025(DEL)
- Tax Payer : Pradeep Wig
High Court
HC: Criticizes ITAT for not referring to larger bench; Sec. 55 applies to COA computation on liquidation
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-507-HC-2025(MAD)
- Tax Payer : T.R.Balasubramanium
Income tax Appellate Tribunal
ITAT: BMA assessment invalid, tax leviable in year of Sec. 10 notice, not asset discovery
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-508-ITAT-2025(CHNY)
- Tax Payer : Smt. Elangovan Malarmangai @ Swetha
High Court
HC: Restricts Revenue's power to re-examine company's books, cannot probe accounts for Sec. 115J beyond adjustments
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-506-HC-2025(BOM)
- Tax Payer : Mahindra & Mahindra Ltd
High Court
HC: Sec. 153A notice restricted to 6 AYs sans asset-based income escape allegation
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-505-HC-2025(DEL)
- Tax Payer : Smart Chip Private Limited
Income tax Appellate Tribunal
ITAT: Services rendered FTS but ‘make available’ condition unsatisfied under Article 12(4) of India-US DTAA
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-423-ITAT-2025(DEL)
- Tax Payer : Crocs Inc.
Income tax Appellate Tribunal
ITAT: Quashes reassessment over unsigned Sec. 148 notice; Revenue failed to disprove claim of unsigned notice
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-501-ITAT-2025(DEL)
- Tax Payer : Karan Anand
Income tax Appellate Tribunal
ITAT: Holds only profit element of undisclosed receipts taxable & not entire gross receipts
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-503-ITAT-2025(DEL)
- Tax Payer : Fourstar Hospitalities LLP
High Court
HC: Dismisses Revenue’s appeal having low tax effect; Circular 5 of 2024 supersedes previous circulars
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-500-HC-2025(BOM)
- Tax Payer : Sulzer Pumps India Limited
High Court
HC: Receipts of marketing & reservation support services from AE not taxable as FIS under DTAA
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-504-HC-2025(DEL)
- Tax Payer : Six Continents Hotels Inc.
High Court
HC: Prohibitory order against CPI(M) not in operation, given expired by operation of law u/s 132(8A)
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-502-HC-2025(KER)
- Tax Payer : M.M. Varghese
Income tax Appellate Tribunal
ITAT: Appeal not invalid due to amalgamation during proceedings, cites manual Form 35 sufficient sans portal provision
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-499-ITAT-2025(DEL)
- Tax Payer : IDP Education India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sec. 80P deduction disallowance solely on delay in filing return unsustainable; Due date extension applies to Coop. Society
May 02, 2025
- In Favour of Assessee
- Citation Number : TS-494-ITAT-2025(Bang)
- Tax Payer : Sree Venkateshwara Souharda Credit Co-operative Limited
Income tax Appellate Tribunal
ITAT: Sets aside reassessment based on investigation report, no supporting material, remits for denovo adjudication
May 02, 2025
- In Favour of Assessee
- Citation Number : TS-490-ITAT-2025(Mum)
- Tax Payer : Alchemist Multitrade Private Limited
Income tax Appellate Tribunal
ITAT: Holds substantial justice prevails over procedural lapses, condones 427 days delay
May 02, 2025
- In Favour of Assessee
- Citation Number : TS-492-ITAT-2025(Mum)
- Tax Payer : Infiniti Retail Limited
Income tax Appellate Tribunal
ITAT: Sale consideration not understated as Assessee, a co-owner, received only proportionate consideration
May 02, 2025
- In Favour of Assessee
- Citation Number : TS-498-ITAT-2025(Bang)
- Tax Payer : Mudigundam Srinivasamurthy Manjunath