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Income tax Appellate Tribunal

ITAT: Reimbursement of salaries paid to seconded employees on cost-to-cost basis not taxable FTS; Relies on Boeing India ruling

  • In Favour of Assessee
  • Citation Number : TS-1689-ITAT-2025(DEL)
  • Tax Payer : Toshiba Energy System & Solutions Corporation
Income tax Appellate Tribunal

ITAT: Allows Sec. 54F deduction for residential property, as other under-construction property declared as business asset

  • In Favour of Assessee
  • Citation Number : TS-1690-ITAT-2025(Ahd)
  • Tax Payer : Aditya Harshvadan Mangaldas
Income tax Appellate Tribunal

ITAT: Donation received for organising Janmashtami Mahotsav & allied religious activities do not constitute business income u/s 11(4A)

  • In Favour of Assessee
  • Citation Number : TS-1681-ITAT-2025(DEL)
  • Tax Payer : Krishna Janmashtmi Mahotsav Samiti
Supreme Court

SC: Non-compete payments aid business efficiency, create no asset; Allowable as revenue expenditure u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-1685-SC-2025
  • Tax Payer : Sharp Business System
High Court

HC: CIT cannot order 'roving enquiry' without identifying specific error; Quashes Sec. 263 revision

  • In Favour of Assessee
  • Citation Number : TS-1687-HC-2025(MAD)
  • Tax Payer : Eastman Exports Global Clothing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Lack of commercial expediency doesn't create taxable interest; Deletes notional interest addition

  • In Favour of Assessee
  • Citation Number : TS-1684-ITAT-2025(Mum)
  • Tax Payer : Robust Transportation Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 43CB percentage completion method mandatory for real estate business; Confirms additions

  • In Favour of Revenue
  • Citation Number : TS-1683-ITAT-2025(Mum)
  • Tax Payer : Faithfull Developers
Income tax Appellate Tribunal

ITAT: Sec. 112(1)(c)(iii) governs Sec. 48 provisos; Upholds lower TDS rate of 10% on foreign remittances

  • In Favour of Assessee
  • Citation Number : TS-1682-ITAT-2025(Mum)
  • Tax Payer : Godrej Agrovet Limited
Income tax Appellate Tribunal

ITAT: Allows TDS credit to Assessee, although corresponding income declared by Sister concern

  • In Favour of Assessee
  • Citation Number : TS-1679-ITAT-2025(DEL)
  • Tax Payer : Haddock Propbuild Pvt Ltd
Income tax Appellate Tribunal

ITAT: Denies benefit u/s 13A to political party as bogus donation returned to donors after deducting commission

  • In Favour of Assessee
  • Citation Number : TS-1678-ITAT-2025(DEL)
  • Tax Payer : Public Political Party
Income tax Appellate Tribunal

ITAT: Claim requiring verification cannot be outrightly disallowed by CPC through intimation u/s 143(1)

  • In Favour of Assessee
  • Citation Number : TS-1677-ITAT-2025(Bang)
  • Tax Payer : Vikas Goyal
Income tax Appellate Tribunal

ITAT: Revenue can’t reopen issues after failing to appeal; Quashes reassessment defying scheme of law

  • In Favour of Assessee
  • Citation Number : TS-1676-ITAT-2025(DEL)
  • Tax Payer : Noida Special Economic Zone Authority
Income tax Appellate Tribunal

ITAT: AO lacks jurisdiction to reassess income already settled by ITSC order; Quashes assessment u/s 153A

  • In Favour of Assessee
  • Citation Number : TS-1675-ITAT-2025(Mum)
  • Tax Payer : UPL Limited
Income tax Appellate Tribunal

ITAT: Subsidiary a deemed listed company u/s 2(18) by acquisition of shares by public listed company; Deletes addition u/s 56(2)(viib)

  • In Favour of Assessee
  • Citation Number : TS-1647-ITAT-2025(CHNY)
  • Tax Payer : Asirvad Micro Finance Limited
Income tax Appellate Tribunal

ITAT: Delay in filing Form 10B procedural; Sec. 11 exemption allowed if filed during appellate proceedings

  • In Favour of Assessee
  • Citation Number : TS-1674-ITAT-2025(Ahd)
  • Tax Payer : Kanchanba Education Trust
Income tax Appellate Tribunal

ITAT: Accumulation u/s 11(2) cannot be denied for vague Form 10 if purpose aligns with Trust’s objective

  • In Favour of Assessee
  • Citation Number : TS-1673-ITAT-2025(Mum)
  • Tax Payer : Harmony Foundation
Income tax Appellate Tribunal

ITAT: Limitation period computed from date of panchnama concluding search; Quashes time-barred assessment u/s 153B

  • In Favour of Assessee
  • Citation Number : TS-1672-ITAT-2025(Bang)
  • Tax Payer : Sri Srinivasa Educational & Charitable Trust
Income tax Appellate Tribunal

ITAT: Mandatory CSR expenditure eligible for deduction u/s 80G, voluntariness no prerequisite

  • In Favour of Assessee
  • Citation Number : TS-1671-ITAT-2025(Mum)
  • Tax Payer : GIA India Laboratory Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes penalty u/s 271(1)(c) for inconsistent satisfaction on bona fide guarantor related expenditure sans concealment

  • In Favour of Assessee
  • Citation Number : TS-1629-ITAT-2025(Mum)
  • Tax Payer : Khanna Rayon Industries Pvt. Ltd
High Court

HC: IBC prevails over PBPT; Sec. 32A encompasses all properties of corporate debtor including attached benami property

  • In Favour of Assessee
  • Citation Number : TS-1670-HC-2025(MAD)
  • Tax Payer : Milan Textile Enterprises Pvt. Ltd