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Rulings ( 14451 results )

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Income tax Appellate Tribunal

ITAT: Mere dealing in manipulated scrip does not justify adverse inference; Deletes penny stock transaction addition

Aug 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-1060-ITAT-2025(Ahd)
  • Tax Payer : Urveen Shivprasad Vyas
High Court

HC: Refuses to condone delay of 7 years in filing appeal before CIT(A) sans cogent explanation

Aug 14, 2025
  • In Favour of Revenue
  • Citation Number : TS-1059-HC-2025(KAR)
  • Tax Payer : Chilume Social Service Society
Income tax Appellate Tribunal

ITAT: Rejecting rectification of apparent factual & arithmetic mistake, resulting in income overstatement, unjustified

Aug 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2025(Ahd)
  • Tax Payer : Janki Wind Farm Developers Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Third Member quashes reopening basis audit objection, breaks Division Bench logjam

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1057-ITAT-2025(DEL)
  • Tax Payer : India Exposition Mart Ltd
High Court

HC: Condones 924 days’ delay in filing ROI, considering genuine hardship caused to Assessee

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1055-HC-2025(KAR)
  • Tax Payer : Anitha B.H
Income tax Appellate Tribunal

ITAT: Allows Sec. 87A rebate against STCG tax citing no express legislative exclusion

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1054-ITAT-2025(Ahd)
  • Tax Payer : Jayshreeben Jayantibhai Palsana
High Court

HC: Remands issue of exemption u/s 10(25) for fresh consideration, emphasizes on concept of 'genuine hardship'

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1045-HC-2025(KAR)
  • Tax Payer : Tumkur Veerashaiva Co-Operative Bank Limited
Income tax Appellate Tribunal

ITAT: Partners' profit share alteration basis family arrangement, not 'business arrangement'; Sec. 28(iv) inapplicable

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1053-ITAT-2025(CHNY)
  • Tax Payer : Damayanti Ramachandran
Foreign Court

FC: Sharply divided Australian HC hands PepsiCo big win on 'royalty' controversy

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1052-FC-2025(AUS)
  • Tax Payer : Pepsico, Inc.
Income tax Appellate Tribunal

ITAT: ITAT: Allows depreciation on goodwill u/s 32(1) arising from amalgamation scheme; Relies on Smiff Securities

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1051-ITAT-2025(Mum)
  • Tax Payer : Aditya Birla Finance Limited
Income tax Appellate Tribunal

ITAT: Revenue’s FMV basis circle/land conversion rates without referring to DVO, unsustainable

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1050-ITAT-2025(DEL)
  • Tax Payer : Jaswin Kaur Sethi
High Court

HC: Sets aside ITAT’s order deducting additional sugarcane price from assessee’s profits

Aug 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1049-HC-2025(BOM)
  • Tax Payer : The Ravalgaon Sugar Farm Ltd
High Court

HC: HC: Grants Assessee final opportunity to contest his case, remits matter; Imposes cost for earlier failures

Aug 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1047-HC-2025(MAD)
  • Tax Payer : Anguraj Saravana Prabu
High Court

HC: Payment for performance & career management training services not FTS under Singapore DTAA

Aug 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1044-HC-2025(KAR)
  • Tax Payer : Sony India Software Centre Pvt. Ltd
High Court

HC: Business advance utilisation for personal purpose a 'deemed dividend'; Repayment date irrelevant

Aug 12, 2025
  • In Favour of Revenue
  • Citation Number : TS-1043-HC-2025(BOM)
  • Tax Payer : Jaykumar B. Patil (Deceased)
Income tax Appellate Tribunal

ITAT: Capital gains taxable in year of sale deed execution, not MoU execution year

Aug 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2025(Mum)
  • Tax Payer : Tushar Enterprises
Income tax Appellate Tribunal

ITAT: Salary received in India for services rendered in Malaysia exempt under DTAA

Aug 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2025(CHNY)
  • Tax Payer : Arumugam Rajasekar
Income tax Appellate Tribunal

ITAT: Religious offerings qualify for Sec. 10(23C)(v) benefit; Timely e-audit report filing 'not mandatory'

Aug 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2025(CHNY)
  • Tax Payer : Arulmigu Swaminatha Swami Thirukkovil
Income tax Appellate Tribunal

ITAT: Settles 'relief to poor' vs GPU debate in favour of Trust supporting blind persons

Aug 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1039-ITAT-2025(CHNY)
  • Tax Payer : Organisation for Rehabilitation of Blind in Trichy
Income tax Appellate Tribunal

ITAT: Clarifies Tax provisions apply to real income, not notional income, upholds CIT(A)’s deletion

Aug 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1038-ITAT-2025(DEL)
  • Tax Payer : Deepak Kothari