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Rulings ( 13191 results )
Income tax Appellate Tribunal
ITAT: Disallowance of payment to related parties u/s 40(A) sans proof of payment being excessive, unjustified
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1083-ITAT-2025(Mum)
- Tax Payer : Precision Shapes
Income tax Appellate Tribunal
ITAT: Allows Sec. 80IB deduction in revised return; Denial of deduction claimed before assessment order untenable
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1082-ITAT-2025(Mum)
- Tax Payer : Rashmi Infrastructure Developers Limited
Income tax Appellate Tribunal
ITAT: ITAT: Penny stock gain lacks "commercial credibility" & "human probability", cites transaction as sham for tax evasion
Aug 19, 2025
- In Favour of Assessee
- Citation Number : TS-1078-ITAT-2025(Ahd)
- Tax Payer : Krutik Ashokkumar Parikh-HUF
Income tax Appellate Tribunal
ITAT: Clarifies terms “such matters” & “subject matters” u/s 263; Upholds revision as issue not in appeal or assessment
Aug 19, 2025
- In Favour of Revenue
- Citation Number : TS-1077-ITAT-2025(Kol)
- Tax Payer : Shyam Metalics and Energy Ltd
Income tax Appellate Tribunal
ITAT: Mutual fund redemption of SEBI-approved scheme not ‘colorable device’, sans cogent & corroborative evidence
Aug 19, 2025
- In Favour of Assessee
- Citation Number : TS-1076-ITAT-2025(Mum)
- Tax Payer : CMS Computers Limited
Income tax Appellate Tribunal
ITAT: Co. shareholding at year-end relevant for deemed dividend trigger; Rejects Revenue's plea
Aug 19, 2025
- In Favour of Assessee
- Citation Number : TS-1075-ITAT-2025(Mum)
- Tax Payer : Vinita Pawankumar Saraf
High Court
HC: Lays down law on Annual Rental Value calculation; Rejects ridiculously low rental receipt
Aug 19, 2025
- In Favour of Revenue
- Citation Number : TS-1074-HC-2025(BOM)
- Tax Payer : Tivoli Investment & Trading Co. Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Quashes reassessment against Tata Motors as invalid, entirely based on ‘change of opinion’
Aug 19, 2025
- In Favour of Assessee
- Citation Number : TS-1073-ITAT-2025(Mum)
- Tax Payer : Tata Motors Limited
Supreme Court
SC: Dismisses another Revenue SLP in JAO-FAO controversy; Issue fate unclear
Aug 18, 2025
- In Favour of Assessee
- Citation Number : TS-1072-SC-2025
- Tax Payer : Prakash Pandurang Patil
Income tax Appellate Tribunal
ITAT: Confirms conversion of grapes to raisins via traditional methods, agricultural activity exempt from tax
Aug 18, 2025
- In Favour of Assessee
- Citation Number : TS-1071-ITAT-2025(Bang)
- Tax Payer : Shrikant Basangouda Patil
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: 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