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Rulings ( 14453 results )

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High Court

HC: HC: Reading down CBDT circular on AIF taxation, Delhi HC concurs with India Advantage ratio

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-979-HC-2025(DEL)
  • Tax Payer : Equity Intelligence AIF Trust
Income tax Appellate Tribunal

ITAT: Rejects Revenue's re-characterization of aircraft rentals; Indigo-Assessee lease is operating, not finance

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2025(DEL)
  • Tax Payer : Celestial Aviation Trading 15 Ltd
Income tax Appellate Tribunal

ITAT: Technical valuations require expert opinion, not CIT(A)'s discretion; Estimates cost of improvement

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-977-ITAT-2025(Bang)
  • Tax Payer : Athaulla Thuppada
Income tax Appellate Tribunal

ITAT: Allows concessional tax rate u/s 115BBA despite delayed Form 10-IC filing; Distinguishes Wipro judgment

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2025(Ahd)
  • Tax Payer : Kcreate Konnect E Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Statute doesn’t intend to penalize delayed but truthful compliance; Invocation of Sec. 270A unjustified

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-974-ITAT-2025(Ahd)
  • Tax Payer : Ishit Kamleshbhai Sheth
Income tax Appellate Tribunal

ITAT: Future projections valid for share valuation, not just historical data; Deletes Sec.56(2)(vii)(b) addition

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-973-ITAT-2025(DEL)
  • Tax Payer : IPSAA Holdings Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Deletes addition on STCG & NCD interest of Indian-entity, follows Bombay HC’s ADIA decision

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2025(Mum)
  • Tax Payer : Green Maiden A 2013 Trust
Income tax Appellate Tribunal

ITAT: Deletes 2.24% net profit addition over surrendered income in lieu of discrepancy in books

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-972-ITAT-2025(DEL)
  • Tax Payer : Arihant Textiles
Income tax Appellate Tribunal

ITAT: Identity confirmed, capital introduction cannot be doubted; Additions u/s 68 on mere suspicion unsustainable

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2025(Mum)
  • Tax Payer : Omega Infrastructures
Income tax Appellate Tribunal

ITAT: ITAT: Quashes Sec. 263 order on delayed PF contribution; AO followed jurisdictional HC judgment pre-Checkmate

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2025(CHNY)
  • Tax Payer : Alliance Broadcasting Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Bad debt claim allowable if actually written off, irrespective of partial recovery

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-951-ITAT-2025(Mum)
  • Tax Payer : Edge Steels Private Limited
Income tax Appellate Tribunal

ITAT: Allows rectification u/s 254(2), corrects reference to original instead of revised appeal grounds

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-947-ITAT-2025(Mum)
  • Tax Payer : Kaisha Lifesciences Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Two PANs, one person, clubs income & confirms undisclosed income; Directs Revenue for fresh computation

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2025(DEL)
  • Tax Payer : Sunil Jain
Income tax Appellate Tribunal

ITAT: Consolidated satisfaction note for various AYs vitiates assessment proceedings, relies on Kar HC decision

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-968-ITAT-2025(PUN)
  • Tax Payer : Subhash Jivraj Jain
Income tax Appellate Tribunal

ITAT: Appeal against Sec. 154 order valid, quashes incorrect CPC addition; Clarifies contingent liability disclosure

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-966-ITAT-2025(PUN)
  • Tax Payer : Ramgopal Birla Textile (P.) Ltd
Supreme Court

SC: SC: Dismisses Revenue's review petition against order declaring Engineering Analysis as law of land

Jul 26, 2025
  • In Favour of None/NA
  • Citation Number : TS-965-SC-2025
  • Tax Payer : Vodafone Idea Ltd
High Court

HC: Sec. 72A(4) inapplicable since re-structure Scheme not demerger as contemplated under the Act

Jul 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-963-HC-2025(BOM)
  • Tax Payer : NOCIL Limited
Income tax Appellate Tribunal

ITAT: Addition made beyond reasons recorded for reassessment invalid; Appeal valid despite non impleading heirs u/s 159

Jul 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2025(PUN)
  • Tax Payer : Vivek Naresh Shah
Income tax Appellate Tribunal

ITAT: Third Member concurs with AM, prior year’s order can be followed provided parity of facts

Jul 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-958-ITAT-2025(Mum)
  • Tax Payer : Crest Paper Mills Ltd.
High Court

HC: Pending tax proceedings stands extinguished consequent to approval of resolution plan under IBC; Quashes reassessment

Jul 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-957-HC-2025(BOM)
  • Tax Payer : Ornate Spaces Private Limited