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Income tax Appellate Tribunal
ITAT: Receipts from Unit Linked Insurance Policy, capital asset u/s 2(14)(a), as Sec. 10(10D) benefit not availed
Sep 10, 2025
- In Favour of Assessee
- Citation Number : TS-1190-ITAT-2025(Mum)
- Tax Payer : Balbirsingh Balwantsingh
High Court
HC: Search u/s 132 lawful, cites valid "Reasons to Believe"; Dismisses writ
Sep 10, 2025
- In Favour of Revenue
- Citation Number : TS-1189-HC-2025(DEL)
- Tax Payer : Raj Krishan Gupta And Ors
Income tax Appellate Tribunal
ITAT: Sec. 2(47)(v) inapplicable, sans transfer of legal possession under JDA; Deletes addition on deemed basis
Sep 10, 2025
- In Favour of Assessee
- Citation Number : TS-1188-ITAT-2025(Bang)
- Tax Payer : Dasa Shetty Kantha
High Court
HC: Upholds disallowance towards delayed PF payments; Explanation 5 to Sec. 43B, clarificatory
Sep 09, 2025
- In Favour of Revenue
- Citation Number : TS-1187-HC-2025(DEL)
- Tax Payer : Woodland (Aero Club) Private Limited
Income tax Appellate Tribunal
ITAT: Remands matter to CIT(A), cites failure to address AO's findings on unexplained crypto transactions
Sep 09, 2025
- In Favour of Assessee
- Citation Number : TS-1186-ITAT-2025(Mum)
- Tax Payer : Shahid Shabbir Godil
High Court
HC: Mere paper compliance not enough to escape tax on unexplained funds; Confirms addition u/s 68
Sep 09, 2025
- In Favour of Revenue
- Citation Number : TS-1185-HC-2025(CHAT)
- Tax Payer : Agrawal Infrabuild Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Time window to utilise accumulated surplus funds, not curtailed by Sec. 11(3) amendment, applies prospectively
Sep 09, 2025
- In Favour of Assessee
- Citation Number : TS-1184-ITAT-2025(Ahd)
- Tax Payer : Meshri Mahajan Vanda
High Court
HC: CBDT's monetary threshold circular applies to pending appeals, carve outs prospective
Sep 09, 2025
- In Favour of Assessee
- Citation Number : TS-1183-HC-2025(BOM)
- Tax Payer : Bennet Coleman & Co. Ltd
Income tax Appellate Tribunal
ITAT: PCIT failed to take cognizance of proceedings forming part of ‘record’; Revision u/s 263 unjustified
Sep 08, 2025
- In Favour of Assessee
- Citation Number : TS-1181-ITAT-2025(Mum)
- Tax Payer : KPMG Assurance and Consulting Services LLP
Income tax Appellate Tribunal
ITAT: Documents seized during search to be read in entirety, not selectively; Confirms addition as unexplained investment
Sep 08, 2025
- In Favour of Assessee
- Citation Number : TS-1180-ITAT-2025(Ahd)
- Tax Payer : Jagdishchandra A. Patel
High Court
HC: IT Dept. once again in dock for gross delay in filing, non-settlement of Standing Counsels' dues
Sep 08, 2025
- In Favour of Assessee
- Citation Number : TS-1177-HC-2025(CAL)
- Tax Payer : Shivam Dhatu Udyog Ltd
High Court
HC: No restriction on Enforcement Directorate to access information placed on record before Court for investigations
Sep 08, 2025
- In Favour of Revenue
- Citation Number : TS-1178-HC-2025(P & H)
- Tax Payer : Amarinder Singh
High Court
HC: Receipts for use of copyrighted software, not royalty; Follows Engineering Analysis judgement
Sep 06, 2025
- In Favour of Assessee
- Citation Number : TS-1173-HC-2025(KAR)
- Tax Payer : IBM Singapore PTE Ltd.
High Court
HC: Grants refund as Revenue fails to pass ‘appeal effect’ order within Sec.153(3) limitation
Sep 06, 2025
- In Favour of Assessee
- Citation Number : TS-1176-HC-2025(KAR)
- Tax Payer : Biesse India P. Ltd.
High Court
HC: Stays benami proceedings on seized cash, IO's volte-face on beneficial ownership doubtful under Sec. 24(1) satisfaction
Sep 06, 2025
- In Favour of Assessee
- Citation Number : TS-1175-HC-2025(MAD)
- Tax Payer : Neena Kamlesh Shah
Income tax Appellate Tribunal
ITAT: Deletes duplicated addition of surrendered income, returned income cannot be reduced below declared figure
Sep 06, 2025
- In Favour of Assessee
- Citation Number : TS-1174-ITAT-2025(DEL)
- Tax Payer : A2Z Maintenance & Engineering Services Ltd
Income tax Appellate Tribunal
ITAT: Deletes addition towards accumulation of funds u/s 11(3), basis inadvertent ‘punching error’ in ROI
Sep 05, 2025
- In Favour of Assessee
- Citation Number : TS-1172-ITAT-2025(Mum)
- Tax Payer : Christ Church Byculla
Income tax Appellate Tribunal
ITAT: RBI Regulations' violation alone can't justify addition u/s 68, given no unexplained credit on share capital
Sep 05, 2025
- In Favour of Assessee
- Citation Number : TS-1171-ITAT-2025(Mum)
- Tax Payer : Leading Frontier Private Ltd
Income tax Appellate Tribunal
ITAT: SBI not ‘assessee in default’ for non-deduction of TDS on foreign remittances, as payees discharged tax liability
Sep 05, 2025
- In Favour of Assessee
- Citation Number : TS-1170-ITAT-2025(Mum)
- Tax Payer : State Bank of India
Income tax Appellate Tribunal
ITAT: Deletes interest disallowance u/s 36(1)(iii) absent fresh investments during the AY
Sep 05, 2025
- In Favour of Assessee
- Citation Number : TS-1169-ITAT-2025(Mum)
- Tax Payer : GRN Finsec Private Limited