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Rulings ( 13402 results )

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High Court

HC: Addition on unaccounted sales sans corroborative evidence unjustified; Books rejection u/s 145(3) bereft of reason invalid

Sep 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1214-HC-2025(CHAT)
  • Tax Payer : Mahamaya Steel Industries Ltd.
High Court

HC: HC: Directs Revenue to grant refund to United Spirits, adjusted against obliterated demand for AY 2013-14

Sep 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-1215-HC-2025(KAR)
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Receipts for providing other facilities to tenants taxable as business income, not IFOS

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1210-ITAT-2025(Mum)
  • Tax Payer : Pankaj Enterprises
Income tax Appellate Tribunal

ITAT: Allows adjustment of interest expense against interest income u/s 57, cites clear nexus to interest income

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1209-ITAT-2025(Mum)
  • Tax Payer : Jigar Nemichand Sanghavi
Income tax Appellate Tribunal

ITAT: Rejects Assessee's plea for grant of benefit u/s 56(2)(vii)(b), as Sec. 50C(2) benefit already allowed

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1208-ITAT-2025(Mum)
  • Tax Payer : Rahul Rameshchandra Jain
Income tax Appellate Tribunal

ITAT: Consideration received under Scheme of Arrangement not ‘slump sale’ u/s 2(42C), Sec. 50B inapplicable

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1206-ITAT-2025(Mum)
  • Tax Payer : Grasim Industries Limited
Income tax Appellate Tribunal

ITAT: Loose sheets & third-party notings alone do not justify additions, deletes capitation fees addition

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1205-ITAT-2025(Bang)
  • Tax Payer : Sri Devaraj Urs Educational Trust
Income tax Appellate Tribunal

ITAT: No denial of FTC merely on technical/procedural lapses, given requisite documents furnished by Assessee

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-1204-ITAT-2025(Bang)
  • Tax Payer : Krishna Dalal
Income tax Appellate Tribunal

ITAT: Hardship allowance non-taxable capital receipt, 'buying peace' doesn't justify levying penalty

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1203-ITAT-2025(Mum)
  • Tax Payer : Ratan Rajmal Mehta
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition, confirms forfeited share application money is capital receipt

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1202-ITAT-2025(Mum)
  • Tax Payer : Vatika Rayons Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest u/s 234B not leviable beyond tax-discharge date; CPC erred in charging excess interest

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1196-ITAT-2025(Mum)
  • Tax Payer : Sudhir Appukuttan Panikassery
Income tax Appellate Tribunal

ITAT: Allows depreciation claim for approved research association; Deletes disallowance basis wrong assumption

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1201-ITAT-2025(Mum)
  • Tax Payer : Breach Candy Medical Research Centre
Income tax Appellate Tribunal

ITAT: Quashes Sec. 68 addition on unexplained share application; Directs AO to verify prior AY investments

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1195-ITAT-2025(Mum)
  • Tax Payer : Shree Salasar Investments Limited
Income tax Appellate Tribunal

ITAT: Condones 781-day delay as ‘sufficient cause’ established; Remits to CIT(A) to decide issues afresh

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1182-ITAT-2025(Mum)
  • Tax Payer : Lata Prakash Maradia
Income tax Appellate Tribunal

ITAT: Remands matter for fresh consideration of wage revision provision & shifting loss

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1179-ITAT-2025(Mum)
  • Tax Payer : Central Bank of India
High Court

HC: Condones 29 days’ delay in filing Form 10B; Accepts Assessee’s genuine hardship of denial of Sec. 11 deduction

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1200-HC-2025(BOM)
  • Tax Payer : Church of Our Lady of Immaculate Conception
High Court

HC: FAO, not JAO empowered to issue notice u/s 148 in international tax matters; Relies on Hexaware & Abhin Anilkumar decisions

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1197-HC-2025(BOM)
  • Tax Payer : Emirates
Income tax Appellate Tribunal

ITAT: License-fees for insurance sector software not royalty under India–Ireland DTAA; Deletes Rs. 3.56 cr. addition

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1199-ITAT-2025(DEL)
  • Tax Payer : Munich RE Automation Solutions Ltd
Income tax Appellate Tribunal

ITAT: Sec. 153C assessment invalid, cites lack of incriminating material & procedural flaws

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-1198-ITAT-2025(Bang)
  • Tax Payer : Shantha Alias Shanthamma
Income tax Appellate Tribunal

ITAT: Sec. 263 jurisdiction validly exercised, citing assessment order as ‘erroneous’ for absence of inquiry

Sep 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-1194-ITAT-2025(Mum)
  • Tax Payer : ABM Knowledgeware Limited