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Rulings ( 13721 results )

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Income tax Appellate Tribunal

ITAT: Adequate enquiry by AO bars PCIT’s Sec. 263 action; Quashes revision on software depreciation

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1535-ITAT-2025(Bang)
  • Tax Payer : ANI Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Cash from duly recorded property sale explains deposits; Deletes Sec. 69A addition

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1533-ITAT-2025(Mum)
  • Tax Payer : Shalaka Chandrahas Chavan
Income tax Appellate Tribunal

ITAT: Excess refund of advances received by HUF from Karta constitutes ‘capital receipt’, not taxable

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1532-ITAT-2025(Mum)
  • Tax Payer : Sanjay Kothari (HUF)
Income tax Appellate Tribunal

ITAT: NR’s investment in residential property from foreign-source not taxable as unexplained investment in India

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1524-ITAT-2025(Mum)
  • Tax Payer : Rajnish Kasturchand Ostwal
Income tax Appellate Tribunal

ITAT: Rejects income attribution sans PE/business connection in India; Holds sales commission, royalty not taxable

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1554-ITAT-2025(DEL)
  • Tax Payer : LM Wind Power AS
High Court

HC: Compliance with HC direction barring TDS deduction cannot make Assessee in default u/s 201

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1553-HC-2025(KER)
  • Tax Payer : State Bank of India
Income tax Appellate Tribunal

ITAT: Milk procurement falls under "Relief of the Poor," not commercial activity; Grants Sec. 11 exemption

Nov 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-1552-ITAT-2025(COCH)
  • Tax Payer : Malanadu Farmers Society
Income tax Appellate Tribunal

ITAT: Quashes assessment based on statements without cross-examination; Deletes Sec.68 addition

Nov 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-1551-ITAT-2025(DEL)
  • Tax Payer : JSM Oilfields Services Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of Rule 8D in Sec. 14A disallowance, given Assessee’s unsatisfactory explanation

Nov 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-1550-ITAT-2025(Mum)
  • Tax Payer : J.M. Financial and Investment Consultancy Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs recomputation of Sec.14A disallowance, limiting rule 8D(2)(ii) to investments yielding exempt income

Nov 24, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1548-ITAT-2025(DEL)
  • Tax Payer : PTC India Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec. 271D penalty as time barred, limitation reckons from AO satisfaction & not show cause notice date

Nov 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1546-ITAT-2025(CHNY)
  • Tax Payer : Jayapriya Company
High Court

HC: Sets aside Sec. 148A(d) order & reassessment notice issued on surrendered PAN, factum already intimated to JAO

Nov 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1538-HC-2025(GUJ)
  • Tax Payer : The Panchsheel Mercantile Co-Op. Bank Limited
High Court

HC: Quashes Sec. 143(2) notice issued after approval of resolution plan by NCLT under IBC; Relies on Ghanshyam judgment

Nov 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1537-HC-2025(BOM)
  • Tax Payer : V Hotels Limited
High Court

HC: Holds disability pension as exempt, sets aside mechanical rejection u/s 119(2)(b); Clarifies Circular cannot restrict refund claims

Nov 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1540-HC-2025(GUJ)
  • Tax Payer : Lt. Col. Nikhil Subodh Gajjar Retd
Income tax Appellate Tribunal

ITAT: Adjustments u/s 143(1) sans any show cause notice, violation of Sec. 143(1)(a) intimation, unsustainable

Nov 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1547-ITAT-2025(CHNY)
  • Tax Payer : Faurecia Emissions Control Technologies India Pvt Ltd
Supreme Court

SC: Confirms Bombay HC ruling on bogus purchases; Dismisses Assessee’s SLP

Nov 21, 2025
  • In Favour of Revenue
  • Citation Number : TS-1545-SC-2025
  • Tax Payer : Kanak Impex (India) Ltd.
Income tax Appellate Tribunal

ITAT: Allows set-off of brought forward long term capital loss & current year’s short term capital loss against LTCG

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1544-ITAT-2025(DEL)
  • Tax Payer : Ira Sharma
High Court

HC: Sec.115JC inapplicable to projects approved pre-April 2013; Directs Revenue to follow judicial precedent

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1543-HC-2025(BOM)
  • Tax Payer : Dipti Enterprises
Income tax Appellate Tribunal

ITAT: Assessee covered u/s 115A, not required to file return; Quashes reassessment proceedings

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1542-ITAT-2025(DEL)
  • Tax Payer : Kisan International Trading FZE
Income tax Appellate Tribunal

ITAT: Appellate-Authorities can admit new claims backed by record; AO to examine enhanced Sec. 54B deduction on merits

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1541-ITAT-2025(Ahd)
  • Tax Payer : Dinmahmad Hajibhai Momin