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Income tax Appellate Tribunal

ITAT: Annual value of property considered ‘Nil’ u/s 23(1)(c), clarifies purposive interpretation to ‘vacant for whole year’

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2025(Mum)
  • Tax Payer : Classic Mall Development Company Ltd
Income tax Appellate Tribunal

ITAT: 80G deduction allowable w.r.t. CSR expenses, donation made to approved entity; Follows Allegies Services

Apr 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2025(Mum)
  • Tax Payer : Strides Pharma Science Limited
Income tax Appellate Tribunal

ITAT: Under-reporting penalty powers of AO 'discretionary', facts based; Retired PSU employee gets relief

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2025(Mum)
  • Tax Payer : Archana Achyut Sail
High Court

HC: Despite Revenue’s non-application of mind, declines Trinamool Cong.’s relief plea when assessment almost final

Mar 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-301-HC-2025(CAL)
  • Tax Payer : All India Trinamool Congress
Income tax Appellate Tribunal

ITAT: Cargo booking role not DAPE under Art 5(4), booking contracts not akin to concluding contracts in DTAA

Mar 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2025(Mum)
  • Tax Payer : Bay Lines (Mauritius) C/o.Freight Connection India P. Ltd
High Court

HC: Quashes high pitched assessment order on PNB, weighs exemplary Rs. 1 cr cost on Department

Mar 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-299-HC-2025(GUJ)
  • Tax Payer : Punjab National Bank
Income tax Appellate Tribunal

ITAT: Construes 'relative' expansively to cover step brother- sister relationship; Gift exempt despite uncommon parent

Mar 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2025(Mum)
  • Tax Payer : Rabin Arup Mukerjea
Income tax Appellate Tribunal

ITAT: CSR expenditure eligible for deduction u/s 80G, Voluntariness no prerequisite for Sec.80G deduction

Mar 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2025(DEL)
  • Tax Payer : Schenker India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, cash deposits post-demonetisation as currency value guaranteed till Dec 31, 2016

Mar 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2025(Kol)
  • Tax Payer : Islampur C.S.
High Court

HC: Upholds reassessment based on investigation wing report; Rejects ‘borrowed satisfaction’ plea

Mar 29, 2025
  • In Favour of Revenue
  • Citation Number : TS-292-HC-2025(DEL)
  • Tax Payer : Ganesh Ganga Insvestments Pvt Ltd
Income tax Appellate Tribunal

ITAT: No intent to earn profit from activities, proviso to Section 2(15) not applicable, eligible for exemption u/s11

Mar 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-259-ITAT-2025(Mum)
  • Tax Payer : Otters Club
High Court

HC: Allows belated return filing for claiming refund; Directs fresh denovo order condoning delay

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-276-HC-2025(GUJ)
  • Tax Payer : Yogesh Rasiklal Chandrani
High Court

HC: Contributions to gratuity fund taxable u/s 40A(7)(b) instead of comparatively general provision u/s 43B

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-296-HC-2025(MAD)
  • Tax Payer : Sanmar Speciality Chemicals Limited
High Court

HC: Reopening based on SEBI's order but AO didnot consider SEBI's / SAT's findings; Reassessment unsustainable

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-297-HC-2025(DEL)
  • Tax Payer : Gyan Marketing Associates Pvt. Ltd
High Court

HC: Quashes reassessment proceedings having initiated after approval of resolution plan by NCLT under IBC

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-278-HC-2025(CAL)
  • Tax Payer : SREI Equipment Finance Limited
Income tax Appellate Tribunal

ITAT: Debt-driven asset transfer not demerger u/s 2(19AA), allows capital loss on transfer of land & investment

Mar 28, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-295-ITAT-2025(DEL)
  • Tax Payer : SIEL Limited
Income tax Appellate Tribunal

ITAT: MD remuneration compliant with Companies Act, no adverse action by MCA; Allows deduction u/s 37(1)

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2025(Mum)
  • Tax Payer : Piramal Fund Management Private Limited
High Court

HC: Cautions Revenue on AI generated orders, against sacrificing “fairness” at altar of automation expediency

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-290-HC-2025(BOM)
  • Tax Payer : TPL – HGIEPL Joint Venture
Income tax Appellate Tribunal

ITAT: Delivery order charges deemed 'directly connected' to air cargo, exempt under Art. 8 of India-Turkey DTAA

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2025(DEL)
  • Tax Payer : Turkish Airlines Inc.
Income tax Appellate Tribunal

ITAT: Deletes Rule 3(7)(i) addition for notional interest on interest-free loan sans employer-employee relationship

Mar 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2025(Mum)
  • Tax Payer : Vipin Kumar Jain