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Rulings ( 12904 results )
High Court
HC: Quashes reassessment beyond 4 years, Assessee declared fully & truly all facts in original assessment
Jun 07, 2025
- In Favour of Assessee
- Citation Number : TS-719-HC-2025(GUJ)
- Tax Payer : Jagdish Rasiklal Dave
High Court
HC: Lifetime non-refundable club entrance fees, capital receipts; Relies on Royal Western judgement
Jun 07, 2025
- In Favour of Assessee
- Citation Number : TS-714-HC-2025(MAD)
- Tax Payer : Chennai Corporate Club (P) Ltd
High Court
HC: Allows Sec. 10AA deduction on belated Form 56F filing; Technical breach in procedural requirement not fatal to substantive claim
Jun 07, 2025
- In Favour of Assessee
- Citation Number : TS-712-HC-2025(MAD)
- Tax Payer : Astrotech Steels Private Limited
Foreign Court
FC: Taxpayer not entitled to group-loss relief u/s 411 as Parent Co. not US resident basis fiscal transparency
Jun 06, 2025
- In Favour of Revenue
- Citation Number : TS-718-FC-2025(IRL)
- Tax Payer : Susquehanna International Securities Limited
Income tax Appellate Tribunal
ITAT: FRRO data & visas confirm Indian residency of Assessee; Holds global income exigible in India
Jun 06, 2025
- In Favour of Revenue
- Citation Number : TS-717-ITAT-2025(CHNY)
- Tax Payer : M. Mahadevan
Income tax Appellate Tribunal
ITAT: Expenditure towards aligning physical appearance of Indian stores with global H&M standards, allowable u/s 37
Jun 06, 2025
- In Favour of Revenue
- Citation Number : TS-716-ITAT-2025(DEL)
- Tax Payer : H & M Hennes & Mauritz Retial Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Agricultural land falls under "Immovable Property" for Sec. 56(2)(x) valuation; Remands matter
Jun 06, 2025
- In Favour of Assessee
- Citation Number : TS-715-ITAT-2025(Ahd)
- Tax Payer : Clayking Minerals LLP
Income tax Appellate Tribunal
ITAT: Rules maintenance charges from property lease fall under business income u/s 44AD
Jun 06, 2025
- In Favour of Assessee
- Citation Number : TS-713-ITAT-2025(Bang)
- Tax Payer : Bindumalyam Panduranga Allanharinarayan
High Court
HC: Allows bad-debt deduction for guarantee invocation for sister concern’s loan; Rules business expediency justified
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-711-HC-2025(MAD)
- Tax Payer : Star Investments Pvt. Ltd
High Court
HC: Rejects petitioner's "Financial Inability" defense; Upholds tax evasion conviction
Jun 05, 2025
- In Favour of Revenue
- Citation Number : TS-709-HC-2025(DEL)
- Tax Payer : Harish Chadha
High Court
HC: No information/material referred in satisfaction note for justifying search u/s 132, declares search illegal
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-708-HC-2025(ALL)
- Tax Payer : Pramod Swarup Agarwal
Income tax Appellate Tribunal
ITAT: Applies ownership test to deny Aditya Birla Group co. depreciation claim on leased equipment
Jun 05, 2025
- In Favour of Revenue
- Citation Number : TS-706-ITAT-2025(Mum)
- Tax Payer : Aditya Birla Financial Shared Services Limited
Income tax Appellate Tribunal
ITAT: Deletes ad-hoc addition on bogus purchases given Assessee discharged its onus
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-705-ITAT-2025(Mum)
- Tax Payer : Rahul M Dalmia
Income tax Appellate Tribunal
ITAT: Deletes levy of interest u/s 234B on Formula one Marketing; Follows Mitsubishi Corporation
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-704-ITAT-2025(DEL)
- Tax Payer : Formula one Marketing II Limited
Income tax Appellate Tribunal
ITAT: Sec. 11 disallowance restricted to benefit derived by specified-persons in violation of Sec. 13(1)
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-696-ITAT-2025(Mum)
- Tax Payer : Anthayya Education Foundation Trust
Income tax Appellate Tribunal
ITAT: Prima facie adjustment by CPC u/s 143(1)(a) on debatable issue sans hearing Assessee, valid
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-695-ITAT-2025(Mum)
- Tax Payer : Kokuyo Camlin Limited
Income tax Appellate Tribunal
ITAT: Assessee not liable to deduct tax at source u/s 195 on transponder service charges
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-703-ITAT-2025(Mum)
- Tax Payer : United Home Entertainment Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Quashes order u/s 153 r.w.s 254/143(3) for being beyond period of limitation
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-692-ITAT-2025(DEL)
- Tax Payer : Urjaa Metalics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Revision order directing AO to correctly issue penalty notice, within Sec. 263 jurisdiction
Jun 05, 2025
- In Favour of Revenue
- Citation Number : TS-686-ITAT-2025(Ahd)
- Tax Payer : Vikas Vijay Gupta
Income tax Appellate Tribunal
ITAT: Rules on co-op society’s eligibility for deduction u/s 80P(2)(a)(i) despite different classes of members
Jun 05, 2025
- In Favour of Assessee
- Citation Number : TS-684-ITAT-2025(Bang)
- Tax Payer : Sri Anathapadmanabha Credit Cooperative Society Ltd