Rulings ( 12537 results )

ITAT: Allowability of Sec. 80IA(12A) deduction not prima facie mistake to invoke rectification u/s 154

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2025(Mum)
  • Tax Payer : Ultratech Cement Ltd

ITAT: Criticizes Revenue for misunderstanding Sec. 28(iv) given ‘no benefit’ accrued on unreturned shares

  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2025(DEL)
  • Tax Payer : Narayan Securities Ltd

ITAT: Assessee entitled to interest u/s244A, no compensation for delay in interest payment on refund permissible

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2025(CHNY)
  • Tax Payer : M.N. Rangamani

ITAT: Sec. 115JB not applicable to Bank of Baroda, constituted as ‘corresponding new bank’ under Banking Cos Act

  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2025(Bang)
  • Tax Payer : Bank of Baroda (Erstwhile Vijaya Bank)

HC: Rejecting Revenue's VsV Act interpretation, grants interest for delayed refund

  • In Favour of Assessee
  • Citation Number : TS-397-HC-2025(KER)
  • Tax Payer : Satwashil Vasant Mane

HC: Non-challenge to Sec. 263 order no bar for appealing consequent order; Overturns ITAT

  • In Favour of Assessee
  • Citation Number : TS-395-HC-2025(KER)
  • Tax Payer : Malabar Institute Of Medical Sciences Ltd

ITAT: Application of gross profit percentage on extrapolated figures basis suspicion & guess work by AO unsustainable

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2025(Mum)
  • Tax Payer : Me n Moms Private Ltd

ITAT: Capital loss carry forward from earlier AYs cannot be denied basis rectification order in later AY

  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2025(Mum)
  • Tax Payer : BNS Asia Limited

ITAT: US resident's receipts for 'Passenger Services' not FTS, sans make available requirement fulfillment

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2025(Mum)
  • Tax Payer : Sita Information Networking Computing USA Inc.

ITAT: Assessee’s conduct & postal remark sufficient to conclude presumption of service of notice u/s 148

  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2025(DEL)
  • Tax Payer : Jai Singh

ITAT: Upholds deletion of disallowance of expense reimbursement, Revenue unable to controvert facts

  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2025(DEL)
  • Tax Payer : V & S Seair Logistics Pvt. Ltd

ITAT: Confirms revision given assessment order passed without any inquiry & no application of mind

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2025(Ahd)
  • Tax Payer : Gujarat State Electricity Corporation Ltd

ITAT: Allows Sec. 54 benefit for investment made in spouse name, Follows Ravinder Kumar Arora judgment

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2025(DEL)
  • Tax Payer : Dharam Veer Singh

ITAT: Quashes assessment as void ab-initio, sans valid issuance of notice under Sec. 143(2)

  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2025(PUN)
  • Tax Payer : Dhanottam Vasant Lonkar

HC: Upholds case transfer u/s 127 to facilitate effective & co-ordinated investigation

  • In Favour of Revenue
  • Citation Number : TS-386-HC-2025(GUJ)
  • Tax Payer : Vishal Darshanlal Talreja

ITAT: Transfer of development rights, mere licence to permit construction & not transfer u/s 2(47)(v)

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2025(PUN)
  • Tax Payer : Balasaheb Popatrao Phadol

ITAT: Quashes reassessment for mechanical approval u/s 153D; Relies on Rishab Buildwell ruling

  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2025(Mum)
  • Tax Payer : Navratan Management Private Limited

ITAT: Revenue's appeal not maintainable where AO's remand report favours Assessee

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2025(Mum)
  • Tax Payer : Bharat Ratilal Shah

ITAT: Deletes penny stock capital gain addition made solely on BSE's 133(6) response sans supporting evidence

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2025(Mum)
  • Tax Payer : Rajesh Dineshchandra Sanghvi

ITAT: Quashes revisionary order u/s 263 citing non-fullfilment of twin conditions

  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2025(Mum)
  • Tax Payer : Abhyudaya Coop Bank Ltd