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Rulings ( 13941 results )

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High Court

HC: Explains conditions laid u/s 149(1A); Sets aside notice issued being beyond limitation period

Apr 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-444-HC-2025(DEL)
  • Tax Payer : L-1 Identity Solutions Operating Company Private Limited
High Court

HC: Quashes demand order, directs Revenue not to pursue recovery proceedings, till final disposal of appeal

Apr 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-448-HC-2025(TEL)
  • Tax Payer : Chidrupi Estates and Holding Limited
Income tax Appellate Tribunal

ITAT: Regular assessment not summary proceedings for adjudication of disallowance if no valid return exists

Apr 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2025(Bang)
  • Tax Payer : Mysore District Judicial Employee Credit Co-operative Society Limited
Income tax Appellate Tribunal

ITAT: Allows intra-head adjustment for set-off of losses u/s 71 sans relevant tax treaty provisions

Apr 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2025(DEL)
  • Tax Payer : Hyosung Corporation
Income tax Appellate Tribunal

ITAT: Deletes Rs. 103 cr addition on rickshaw driver, notes AO's failiure to nab real culprits

Apr 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2025(Mum)
  • Tax Payer : Surendra Kumar Rajmani Mishra
High Court

HC: Interest payment by Assessee on deposits from its Shareholders, etc. not liable under Interest Tax Act

Apr 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-441-HC-2025(MAD)
  • Tax Payer : Chandok Services Pvt. Ltd
High Court

HC: Insurance Cos outside Sec. 14A ambit, income computed u/s 44 r.w. First schedule; Allows IBNR & IBNER provisions

Apr 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-440-HC-2025(MAD)
  • Tax Payer : Cholamandalam MS General Insurance Co Ltd
Income tax Appellate Tribunal

ITAT: Deletes TDS demands against House of Anita Dongre, cites franchisees' transactions on principal to principal basis

Apr 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2025(Mum)
  • Tax Payer : House of Anita Dongre Pvt Ltd
High Court

HC: Assessee cannot invoke Court’s extraordinary jurisdiction to avoid pre-deposit requirement

Apr 23, 2025
  • In Favour of Revenue
  • Citation Number : TS-437-HC-2025(BOM)
  • Tax Payer : Khemchand Uttamchand Bhojwani
Income tax Appellate Tribunal

ITAT: Couple gets capital gains exemption despite selling two separate houses, while buying one

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2025(Mum)
  • Tax Payer : Tejal Kaushal Shah
Income tax Appellate Tribunal

ITAT: Affirms 4% net profit addition on cash deposits post-demonetisation citing Assessee’s lack of proof

Apr 22, 2025
  • In Favour of Revenue
  • Citation Number : TS-432-ITAT-2025(Mum)
  • Tax Payer : Creative Gems and Jewellery Limited
Income tax Appellate Tribunal

ITAT: Deletes accommodation entry addition basis Investigation wing report sans independent enquiry

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2025(Mum)
  • Tax Payer : Lube Distributing Company Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment initiated after 4-years’ expiry absent Assessee’s failure to disclose facts

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2025(Mum)
  • Tax Payer : Swati Energy & Projects (P) Ltd
Income tax Appellate Tribunal

ITAT: Allows proportionate deduction u/s 80-IB(10) on completed residential units

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2025(Mum)
  • Tax Payer : Aakash Nidhi Builders & Developers
Income tax Appellate Tribunal

ITAT: Books of account not to be rejected if discrepancies in Form 26AS, reduces income estimation @7%

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2025(DEL)
  • Tax Payer : Mittal Construction Unit
High Court

HC: Reasonable remuneration to trust Chairperson not in violation of Sec. 13(1)(c), doesn't negate tax exemption

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-433-HC-2025(DEL)
  • Tax Payer : IILM Foundation
Income tax Appellate Tribunal

ITAT: Computers installed for software development akin to production of article or things; Allows claim u/s 32AC

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2025(Bang)
  • Tax Payer : Bosch Global Software Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes addition, as deposits assessed as income pertain to period when parents operated account

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2025(Mum)
  • Tax Payer : Nirmal Jethalal Modi
Income tax Appellate Tribunal

ITAT: Deletes penalty for non-disclosure of foreign asset, as revised return was filed within time with due disclosures

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2025(Mum)
  • Tax Payer : Timothy John Brinkman
Income tax Appellate Tribunal

ITAT: Deletes penalty for non-disclosure of foreign asset, as requisite details were disclosed in return u/s 153C

Apr 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2025(CHNY)
  • Tax Payer : Palanirajan Rajarajan