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Rulings ( 15414 results )

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Income tax Appellate Tribunal

ITAT: AO cannot introduce fresh grounds, not confronted in SCN to salvage reassessment

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2025(Mum)
  • Tax Payer : CEC-ITD CEM TPL Joint Venture
Income tax Appellate Tribunal

ITAT: Allows advance tax credit despite payment in prior AY citing delayed transaction settlement

  • In Favour of Assessee
  • Citation Number : TS-236-ITAT-2025(DEL)
  • Tax Payer : Marguerite Lasusa Chawla
Income tax Appellate Tribunal

ITAT: DCF method applies to pending assessments; Deletes addition u/s 56(2)(viib) sans over-valuation of shares

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2025(DEL)
  • Tax Payer : East Delhi Leasing P. Ltd
High Court

HC: Criticizes Revenue for 16-year refund delay, warns of interest recovery from Officers responsible

  • In Favour of Assessee
  • Citation Number : TS-233-HC-2025(BOM)
  • Tax Payer : Nirmalkumar Mulchand Puruswani
High Court

HC: Can't initiate re-opening merely because AO failed to disallow expense; Allows Glaxo's writ

  • In Favour of Assessee
  • Citation Number : TS-232-HC-2025(BOM)
  • Tax Payer : GlaxoSmithKline Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Incorrect invocation of Sec. 69C, payments duly shown in books, no adverse material against Assessee

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2025(Mum)
  • Tax Payer : Milestone Finvest Limited
Income tax Appellate Tribunal

ITAT: Rights entitlement akin to derivatives, not same as "Shares"; STCG exempt under Ireland DTAA

  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2025(Mum)
  • Tax Payer : Vanguard Emerging Markets Stock Index Fund A Series of VISPLC
Income tax Appellate Tribunal

ITAT: Affirms assessment reopening validity, cites approval u/s 151 granted by CIT not mechanical

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2025(DEL)
  • Tax Payer : Green Mark Infra Limited
High Court

HC: Directs expeditious disposal of Assessee’s appeal within 3 months from date of order

  • In Favour of Assessee
  • Citation Number : TS-230-HC-2025(BOM)
  • Tax Payer : WSFx Global Pay Limited
High Court

HC: Digital records constitute 'Books of Account', slams CA for " accommodation racket", upholds Sec. 68 addition

  • In Favour of Both, Partially
  • Citation Number : TS-227-HC-2025(BOM)
  • Tax Payer : Buniyad Chemicals Ltd
Income tax Appellate Tribunal

ITAT: No reasons recorded, initiation & completion of reassessment by different officers, notice u/s 148 time barred

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2025(Mum)
  • Tax Payer : Susheel Kumar Govindram Saraff
Income tax Appellate Tribunal

ITAT: Additions based on 'Peak Theory' inapplicable, diary entries of abstract nature; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2025(DEL)
  • Tax Payer : Munesh Tyagi
Income tax Appellate Tribunal

ITAT: Deletes penalty order u/s 271D as barred by limitation, 'due date' beyond period specified under TOLA

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2025(HYD)
  • Tax Payer : Sireesha Pochareddy
Income tax Appellate Tribunal

ITAT: Assessee not in-default, not liable TDS u/s 194-O, not being an e-commerce operator

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2025(Mum)
  • Tax Payer : Riya Travel and Tours (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Half sale consideration paid to booking agent, not justified, confirms actual receipts as sale consideration

  • In Favour of Revenue
  • Citation Number : TS-222-ITAT-2025(Ahd)
  • Tax Payer : Neptune Plastic Corporation
Income tax Appellate Tribunal

ITAT: Deletes addition, sale of residential flat considered as LTCG, no infirmity in capital gain computation

  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2025(Mum)
  • Tax Payer : Mohammed Farhan Mohammed Yunus Attarwala
Income tax Appellate Tribunal

ITAT: ITAT: Interest on borrowed funds in convertible debentures to acquire substantial control, deductible u/s 36(1)(iii)

  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2025(Mum)
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Non-adherence to Sec.144C procedure 'incurable defect', assessment order unsustainable

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2025(Mum)
  • Tax Payer : Feedertech Pte. Ltd.
Income tax Appellate Tribunal

ITAT: Sec. 14A disallowance attracted on net interest expense; Relies on Jubilant judgment

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2025(Mum)
  • Tax Payer : Shringar Developers Private Limited
Income tax Appellate Tribunal

ITAT: Discount on ESOP allowable as revenue expenditure u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2025(Mum)
  • Tax Payer : Avendus Capital Pvt. Ltd.