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Rulings ( 13697 results )
Income tax Appellate Tribunal
ITAT: Revenue not entitled to limitation extension u/s 153, given invalid reference u/s 92CA for info. exchange
Apr 21, 2025
- In Favour of Assessee
- Citation Number : TS-422-ITAT-2025(Mum)
- Tax Payer : Kalpana Dilip Mehta as Legal Heir of Dilip Dalpatlal Mehta
Income tax Appellate Tribunal
ITAT: Clarifies treatment of current & deferred tax u/s 115JB, reduces tax adjustment in earlier years from current tax
Apr 21, 2025
- In Favour of Assessee
- Citation Number : TS-421-ITAT-2025(Mum)
- Tax Payer : ACC Limited
Income tax Appellate Tribunal
ITAT: Upholds deletion of export-related additions, DRI investigation not conclusive
Apr 21, 2025
- In Favour of Assessee
- Citation Number : TS-419-ITAT-2025(DEL)
- Tax Payer : Sanjeev Malhotra
High Court
HC: No basis for additions on gifted artworks, cites lack of valuation by AO, additions unsustainable
Apr 21, 2025
- In Favour of Assessee
- Citation Number : TS-418-HC-2025(DEL)
- Tax Payer : Rohit Gandhi
Supreme Court
SC: Rejects Nokia's 'non-existing' entity plea, upholds reassessment notice post Ashish Agarwal
Apr 21, 2025
- In Favour of Revenue
- Citation Number : TS-415-SC-2025
- Tax Payer : Nokia Solutions and Networks India Pvt Ltd
High Court
HC: Allows deduction on agricultural land sale beyond municipality limits; Restricts deduction u/s 54EC
Apr 19, 2025
- In Favour of Both, Partially
- Citation Number : TS-414-HC-2025(MAD)
- Tax Payer : Shri K.Kumaran
Income tax Appellate Tribunal
ITAT: PMS fees incurred by NBFC wholly relatable to business, allowable u/s 37; Commercial expediency undoubtful
Apr 19, 2025
- In Favour of Assessee
- Citation Number : TS-413-ITAT-2025(Kol)
- Tax Payer : Meenakshi Mercantiles Limited
Income tax Appellate Tribunal
ITAT: Deposits received under CIS in contravention of SEBI regulations sans any return, taxable u/s 28
Apr 19, 2025
- In Favour of Revenue
- Citation Number : TS-412-ITAT-2025(DEL)
- Tax Payer : Kuber Planters Limited
Income tax Appellate Tribunal
ITAT: ITAT: Quashes reassessment as notice based on incorrect facts & conclusion on income escapement
Apr 19, 2025
- In Favour of Assessee
- Citation Number : TS-411-ITAT-2025(Mum)
- Tax Payer : The Indian Hotels Company Ltd
High Court
HC: HC: Northern Coalfield's 2000 cr Over Burden Removal expense is capital, not revenue; Reverses ITAT
Apr 18, 2025
- In Favour of Both, Partially
- Citation Number : TS-410-HC-2025(MP)
- Tax Payer : Northern Coalfields Limited
Supreme Court
SC: Sec. 263 revisionary power is to make addition, not to remand; Carves out exception
Apr 17, 2025
- In Favour of Assessee
- Citation Number : TS-408-SC-2025
- Tax Payer : V-Con Integrated Solutions Pvt. Ltd
High Court
HC: Reasons recorded shows application of mind vis-à-vis facts for formation of opinion, reasons need not be verbose
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-407-HC-2025(BOM)
- Tax Payer : Rohit Hasmukhlal Joshi
Income tax Appellate Tribunal
ITAT: AO exceeded authority in denying exemption u/s 11 once registration already granted u/s 12AA
Apr 17, 2025
- In Favour of Assessee
- Citation Number : TS-406-ITAT-2025(Mum)
- Tax Payer : Indian Institute for Human Settlements
High Court
HC: Applies doctrine of 'Forum Conveniens' relegating Assessee to avail remedies at Kolkata; Rejects regd. office plea
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-405-HC-2025(BOM)
- Tax Payer : Trustcap Private Limited
Supreme Court
SC: IT Dept. to investigate property transactions in cash; Lower Courts, Sub-Registrar to share info
Apr 17, 2025
- In Favour of Revenue
- Citation Number : TS-404-SC-2025
- Tax Payer : B Gunashekar
High Court
HC: HC: Court proceedings abused to compromise Revenue's interest; Directs CBDT enquiry
Apr 16, 2025
- In Favour of None/NA
- Citation Number : TS-402-HC-2025(BOM)
- Tax Payer : 52 Weeks Entertainment Limited
Income tax Appellate Tribunal
ITAT: STCG arising from sale of debt & equity MFs exempt under Article 13(5) of India-Singapore DTAA
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-393-ITAT-2025(Mum)
- Tax Payer : Anushka Sanjay Shah
Income tax Appellate Tribunal
ITAT: Sets aside CIT(A) order passed without taking cognizance of rectification order passed addressing Assessee’s grievance
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-394-ITAT-2025(Mum)
- Tax Payer : Dombivali Nagari Sahakari Bank Ltd
Income tax Appellate Tribunal
ITAT: Addition of notional income unwarranted given books of accounts rejected & estimated net profit applied
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-390-ITAT-2025(Mum)
- Tax Payer : Rakesh Natwarlal Patel
Income tax Appellate Tribunal
ITAT: Allows Sec.80P deduction on interest income of cooperative society, cites substantial justice supersedes technical issues
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-398-ITAT-2025(Mum)
- Tax Payer : The Childrens AID Society Employees