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Rulings ( 14127 results )

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Income tax Appellate Tribunal

ITAT: MNRE subsidy for hydro projects is capital incentive; AO cannot reduce asset cost or depreciation

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1702-ITAT-2025(DEL)
  • Tax Payer : Puri Oil Mills Limited
Income tax Appellate Tribunal

ITAT: No valid Sec. 148 notice served on legal heir or executor of deceased; Quashes unsustainable reassessment order

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1701-ITAT-2025(DEL)
  • Tax Payer : Shalini Chaudhary Sharma
Income tax Appellate Tribunal

ITAT: Allows bad debts claim deduction u/s 36(1) subject to verification; Denies business loss claimed via revised computation

Dec 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1700-ITAT-2025(DEL)
  • Tax Payer : M. Sons Gems N Jewellery Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec. 263 revision over Sec. 153C assessments; Holds PCIT acted without jurisdiction

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1699-ITAT-2025(CHNY)
  • Tax Payer : Bannari Amman – Educational Trust
High Court

HC: Vocational training for rural youth qualifies as ‘education’ u/s 2(15); Surplus generation no bar to exemption u/s 11

Dec 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-1698-HC-2025(KAR)
  • Tax Payer : Deshpande Education Trust
Income tax Appellate Tribunal

ITAT: Sales discount to stockists/wholesalers, not commission, not liable to TDS u/s 194H

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1697-ITAT-2025(Mum)
  • Tax Payer : Novartis Healthcare Private Limited
Income tax Appellate Tribunal

ITAT: Remands Sec. 10(38) relief claim; Directs analysis of SEBI’s price manipulation findings

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1696-ITAT-2025(Mum)
  • Tax Payer : Bharat Babubhai Lukhi
Income tax Appellate Tribunal

ITAT: Sec. 115BAC option once exercised applies to subsequent years; No requirement for fresh Form 10IE yearly

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1695-ITAT-2025(SUR)
  • Tax Payer : Meenaben Maheshchandra Patel
High Court

HC: Government subsidy under rehabilitation scheme, a capital receipt not revenue receipt; Purpose test to be applied

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1694-HC-2025(MAD)
  • Tax Payer : The Dharmapuri District Co-operative Milk Producers Union Ltd
High Court

HC: Quashes reassessment notice as original period of limitation expired; Follows Rajeev Bansal

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1692-HC-2025(ALL)
  • Tax Payer : Dinesh Jain
Income tax Appellate Tribunal

ITAT: Quashes Sec. 69 addition beyond limited scrutiny, flags breach of mandatory CBDT approval norms

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1693-ITAT-2025(CHNY)
  • Tax Payer : Aadarsh Surana
Income tax Appellate Tribunal

ITAT: Allotment letter an enforceable agreement, satisfies Contract Act for Sec. 56(2)(vii)(b) proviso; Deletes addition

Dec 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-1691-ITAT-2025(Mum)
  • Tax Payer : Raghavendra Ramakrishna Naik
Income tax Appellate Tribunal

ITAT: ITAT: Addition for bogus purchases u/s 69 unsustainable sans rejection of books of accounts u/s 145(3)

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1680-ITAT-2025(DEL)
  • Tax Payer : KDP Infrastructure Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition u/s 69C & 69A, as AO exceeded revision jurisdiction under Section 263; Cash transactions duly explained

Dec 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1688-ITAT-2025(DEL)
  • Tax Payer : Ankur Mittal
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

Dec 20, 2025
  • 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

Dec 20, 2025
  • 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)

Dec 20, 2025
  • 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)

Dec 19, 2025
  • 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

Dec 19, 2025
  • 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

Dec 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1684-ITAT-2025(Mum)
  • Tax Payer : Robust Transportation Pvt. Ltd