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Rulings ( 12904 results )

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Income tax Appellate Tribunal

ITAT: Allows STT-paid loss adjustment; Directs LTCL set-off against non-grandfathered gains

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2025(Mum)
  • Tax Payer : Schwab Emerging Markets Equity ETF
Income tax Appellate Tribunal

ITAT: Disallowance u/s 14A impermissible if no exempt income earned; Explanation u/s 14A prospective

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-755-ITAT-2025(Bang)
  • Tax Payer : Indus Valley Properties Private Limited
Income tax Appellate Tribunal

ITAT: Sets aside reassessment proceedings for not obtaining approval u/s 151(1) by Revenue

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2025(Mum)
  • Tax Payer : Vijaysingh Madhavrao Patwardhan
Income tax Appellate Tribunal

ITAT: Penalty provisions u/s 271(1)(c) inapplicable given addition made on estimation basis

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2025(Mum)
  • Tax Payer : Trustar Diamond
Income tax Appellate Tribunal

ITAT: Quashes reassessment beyond 4-years for being ‘mere change of opinion’ basis same material

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2025(Mum)
  • Tax Payer : HMG Engineering Pvt. Ltd
Income tax Appellate Tribunal

ITAT: STCL on STT-paid shares taxable at 15% can be set off against STCG taxable at 30%

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2025(Mum)
  • Tax Payer : iShares ESG Aware MSCI ETF
Income tax Appellate Tribunal

ITAT: Refund already granted to be first adjusted against interest for Sec. 244A

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2025(Mum)
  • Tax Payer : Viacom 18 Media Private Limited
Income tax Appellate Tribunal

ITAT: Allows TDS credit based on valid physical certificates despite mismatch with Form 26AS

Jun 12, 2025
  • In Favour of Revenue
  • Citation Number : TS-750-ITAT-2025(Mum)
  • Tax Payer : Tata Communications Limited
High Court

HC: Failure to dispose objections raised, breach of principles of natural justice, vitiating reassessment

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-744-HC-2025(BOM)
  • Tax Payer : Kalpesh R. Varia HUF Through Karta
High Court

HC: Proceedings initiated due to ‘mere change of opinion’, invalid; Quashes notice u/s 148

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-747-HC-2025(GUJ)
  • Tax Payer : Aditya Hemang Patel
High Court

HC: Upholds disallowance of Sec. 10(10C) exemption as Bank's exit scheme fails Rule 2BA test

Jun 12, 2025
  • In Favour of Revenue
  • Citation Number : TS-749-HC-2025(KER)
  • Tax Payer : N G GANGADEVI
Income tax Appellate Tribunal

ITAT: Quashes reassessment basis misleading data, lack of inquiry, & income below 50 Lakh threshold u/s 149(1)(b)

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-748-ITAT-2025(PUN)
  • Tax Payer : Vaishali Keshav Kulkarni
Income tax Appellate Tribunal

ITAT: Assessee eligible for deductions allowable under old regime, given new regime benefit u/s 115BAC denied

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2025(Bang)
  • Tax Payer : Hemavathi Nayak Talwar
Income tax Appellate Tribunal

ITAT: Loan to entities with Assessee's substantial interest deemed dividend; Rejects Assessee's ICD plea

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-745-ITAT-2025(Mum)
  • Tax Payer : Ajay S Dhumal
Income tax Appellate Tribunal

ITAT: Rejects arbitrary 10% turnover addition, given lack of justification & contradictory stance by AO

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-743-ITAT-2025(DEL)
  • Tax Payer : Sushil Kumar
Income tax Appellate Tribunal

ITAT: Mechanical disposal of applications u/s 12AB & 80G contrary to law; Directs fresh consideration

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-742-ITAT-2025(Ahd)
  • Tax Payer : Aruna Kishor Foundation
Income tax Appellate Tribunal

ITAT: Claim under incorrect section no bar to legitimate relief; Allows Sec. 54F claim

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2025(PAT)
  • Tax Payer : Seema Srivastava
Income tax Appellate Tribunal

ITAT: Enhanced stamp duty payment by Birla Infrastructure due to delay, not penalty, allowable u/s 37(1)

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-740-ITAT-2025(Mum)
  • Tax Payer : Birla Infrastructure Limited
Income tax Appellate Tribunal

ITAT: Receipts for repayment of loan lent outside India, beyond Sec. 5(2) scope; Deletes Sec. 69A addition

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-739-ITAT-2025(DEL)
  • Tax Payer : Kuldeep Marwah
Income tax Appellate Tribunal

ITAT: Applies presumption u/s 132(4A) r.w.s. 292C in search operation, confirms unexplained cash addition

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-738-ITAT-2025(DEL)
  • Tax Payer : Upkar Mani