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Rulings ( 13721 results )
High Court
HC: AO reopened assessment on valid grounds; Holds Tribunal ought not to have interfered
May 24, 2025
- In Favour of Revenue
- Citation Number : TS-635-HC-2025(CAL)
- Tax Payer : Event Developers P. Ltd.
High Court
HC: Scheduled Tribe member entitled to Sec. 10(26) benefit for posting in specified area; Allows TDS refund
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-631-HC-2025(GAUH)
- Tax Payer : Chyawan Prakash Meena
High Court
HC: Quashes reassessment based on investigation report; 'Reason to believe' cannot be conflated with 'Reason to suspect'
May 24, 2025
- In Favour of Assessee
- Citation Number : TS-634-HC-2025(DEL)
- Tax Payer : CNB FINWIZ LTD
Income tax Appellate Tribunal
ITAT: Mesne profits not revenue but capital receipt, not chargeable to tax
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-630-ITAT-2025(Mum)
- Tax Payer : Vile Parle Prarthana CHS Ltd
High Court
HC: Upholds revision u/s 263 given assessment order passed without necessary inquiries
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-629-HC-2025(DEL)
- Tax Payer : Delhi Gurgaon Super Connectivity Ltd
Income tax Appellate Tribunal
ITAT: No violation on accepting cash receipts before June 2015 amendment u/s 269SS; Deletes penalty
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-627-ITAT-2025(Bang)
- Tax Payer : Bhavanishanker Naik
Income tax Appellate Tribunal
ITAT: Affirms CIT(A)-order deleting additions on bogus purchases given Assessee discharged its onus
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-621-ITAT-2025(Mum)
- Tax Payer : Mangalam Drugs & Organics Ltd
Income tax Appellate Tribunal
ITAT: Hedging transactions included in exception carved under proviso (a) to Sec. 43(5)
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-591-ITAT-2025(DEL)
- Tax Payer : Religare Comtrade Ltd (Formerly known as Religare Bullion Ltd.)
Income tax Appellate Tribunal
ITAT: Affirms Sec. 270A penalty for income under-reporting; Imposes cost on Assessee for non-compliance
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-620-ITAT-2025(Mum)
- Tax Payer : Hotel Galaxy Thane
Income tax Appellate Tribunal
ITAT: Upholds Sec. 69C addition on bogus purchases with 13.5% GP rate amid VAT evasion
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-619-ITAT-2025(Mum)
- Tax Payer : Kandarp Hasmukh Sheth
Income tax Appellate Tribunal
ITAT: Interest on delayed EPF payment penal in nature, not deductible u/s 37(1)
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-616-ITAT-2025(Mum)
- Tax Payer : Bajaj Hindusthan Sugar Limited
Income tax Appellate Tribunal
ITAT: Confirms CIT(A)’s deletion of Sec. 271(1)(c) penalty levied on estimated addition
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-626-ITAT-2025(Mum)
- Tax Payer : Chetan Pravin Chitalia
Income tax Appellate Tribunal
ITAT: Deletes addition u/s 115BBE sans inconsistency between returned income & Form 26AS
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-615-ITAT-2025(DEL)
- Tax Payer : Suman Sehrawat
Income tax Appellate Tribunal
ITAT: ITAT: Clarifies principle of mutuality for Co-operative Societies; Holds member contributions not taxable
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-624-ITAT-2025(Mum)
- Tax Payer : Chancellor Court Co-operative Housing Society
High Court
HC: Upholds revisionary proceedings as depreciation was " non-issue" before AO; Rejects Sr. Adv. Pardiwala's arguments
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-623-HC-2025(KAR)
- Tax Payer : Herbalife International India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds retracted admissions without evidence can't lead to additions post-search
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-618-ITAT-2025(DEL)
- Tax Payer : Shyam Sunder Jindal
Income tax Appellate Tribunal
ITAT: Upholds Sec. 80IA relief basis risk & scope of projects; Rejects Revenue's works contractor plea
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-617-ITAT-2025(CHNY)
- Tax Payer : RPP Infra Projects Limited
Income tax Appellate Tribunal
ITAT: Criticizes CIT(E)'s approach of pre-judging trust's charitable activities at registration state; Reinstates registration
May 21, 2025
- In Favour of Revenue
- Citation Number : TS-614-ITAT-2025(Bang)
- Tax Payer : WeVysya
Income tax Appellate Tribunal
ITAT: Interest earned by co-op society from co-op bank investments deductible u/s 80P(2)(d)
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-613-ITAT-2025(Mum)
- Tax Payer : Mulund Samata Co-operative Housing Society Ltd
Income tax Appellate Tribunal
ITAT: Allows Shree Kashi Math's corpus donation exemption citing consistency over res judicata
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-608-ITAT-2025(Mum)
- Tax Payer : Shree Kashi Math Samasthan Varanasi