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Income tax Appellate Tribunal
ITAT: Allowability of Sec. 80IA(12A) deduction not prima facie mistake to invoke rectification u/s 154
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-399-ITAT-2025(Mum)
- Tax Payer : Ultratech Cement Ltd
Income tax Appellate Tribunal
ITAT: Criticizes Revenue for misunderstanding Sec. 28(iv) given ‘no benefit’ accrued on unreturned shares
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-401-ITAT-2025(DEL)
- Tax Payer : Narayan Securities Ltd
Income tax Appellate Tribunal
ITAT: Assessee entitled to interest u/s244A, no compensation for delay in interest payment on refund permissible
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-400-ITAT-2025(CHNY)
- Tax Payer : M.N. Rangamani
Income tax Appellate Tribunal
ITAT: Sec. 115JB not applicable to Bank of Baroda, constituted as ‘corresponding new bank’ under Banking Cos Act
Apr 16, 2025
- In Favour of Assessee
- Citation Number : TS-396-ITAT-2025(Bang)
- Tax Payer : Bank of Baroda (Erstwhile Vijaya Bank)
High Court
HC: Rejecting Revenue's VsV Act interpretation, grants interest for delayed refund
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-397-HC-2025(KER)
- Tax Payer : Satwashil Vasant Mane
High Court
HC: Non-challenge to Sec. 263 order no bar for appealing consequent order; Overturns ITAT
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-395-HC-2025(KER)
- Tax Payer : Malabar Institute Of Medical Sciences Ltd
Income tax Appellate Tribunal
ITAT: Application of gross profit percentage on extrapolated figures basis suspicion & guess work by AO unsustainable
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-392-ITAT-2025(Mum)
- Tax Payer : Me n Moms Private Ltd
Income tax Appellate Tribunal
ITAT: Capital loss carry forward from earlier AYs cannot be denied basis rectification order in later AY
Apr 15, 2025
- In Favour of Assessee
- Citation Number : TS-391-ITAT-2025(Mum)
- Tax Payer : BNS Asia Limited
Income tax Appellate Tribunal
ITAT: US resident's receipts for 'Passenger Services' not FTS, sans make available requirement fulfillment
Apr 14, 2025
- In Favour of Assessee
- Citation Number : TS-389-ITAT-2025(Mum)
- Tax Payer : Sita Information Networking Computing USA Inc.
Income tax Appellate Tribunal
ITAT: Assessee’s conduct & postal remark sufficient to conclude presumption of service of notice u/s 148
Apr 14, 2025
- In Favour of Assessee
- Citation Number : TS-387-ITAT-2025(DEL)
- Tax Payer : Jai Singh
Income tax Appellate Tribunal
ITAT: Upholds deletion of disallowance of expense reimbursement, Revenue unable to controvert facts
Apr 12, 2025
- In Favour of Assessee
- Citation Number : TS-361-ITAT-2025(DEL)
- Tax Payer : V & S Seair Logistics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Confirms revision given assessment order passed without any inquiry & no application of mind
Apr 12, 2025
- In Favour of Assessee
- Citation Number : TS-360-ITAT-2025(Ahd)
- Tax Payer : Gujarat State Electricity Corporation Ltd
Income tax Appellate Tribunal
ITAT: Allows Sec. 54 benefit for investment made in spouse name, Follows Ravinder Kumar Arora judgment
Apr 12, 2025
- In Favour of Assessee
- Citation Number : TS-385-ITAT-2025(DEL)
- Tax Payer : Dharam Veer Singh
Income tax Appellate Tribunal
ITAT: Quashes assessment as void ab-initio, sans valid issuance of notice under Sec. 143(2)
Apr 12, 2025
- In Favour of Assessee
- Citation Number : TS-369-ITAT-2025(PUN)
- Tax Payer : Dhanottam Vasant Lonkar
High Court
HC: Upholds case transfer u/s 127 to facilitate effective & co-ordinated investigation
Apr 12, 2025
- In Favour of Revenue
- Citation Number : TS-386-HC-2025(GUJ)
- Tax Payer : Vishal Darshanlal Talreja
Income tax Appellate Tribunal
ITAT: Transfer of development rights, mere licence to permit construction & not transfer u/s 2(47)(v)
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-384-ITAT-2025(PUN)
- Tax Payer : Balasaheb Popatrao Phadol
Income tax Appellate Tribunal
ITAT: Quashes reassessment for mechanical approval u/s 153D; Relies on Rishab Buildwell ruling
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-380-ITAT-2025(Mum)
- Tax Payer : Navratan Management Private Limited
Income tax Appellate Tribunal
ITAT: Revenue's appeal not maintainable where AO's remand report favours Assessee
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-379-ITAT-2025(Mum)
- Tax Payer : Bharat Ratilal Shah
Income tax Appellate Tribunal
ITAT: Deletes penny stock capital gain addition made solely on BSE's 133(6) response sans supporting evidence
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-378-ITAT-2025(Mum)
- Tax Payer : Rajesh Dineshchandra Sanghvi
Income tax Appellate Tribunal
ITAT: Quashes revisionary order u/s 263 citing non-fullfilment of twin conditions
Apr 11, 2025
- In Favour of Assessee
- Citation Number : TS-377-ITAT-2025(Mum)
- Tax Payer : Abhyudaya Coop Bank Ltd