Filters
Rulings ( 13613 results )
Income tax Appellate Tribunal
ITAT: Restricts bogus-purchase addition u/s 69C to 5% GP rate, cites Assessee proved genuineness
May 07, 2025
- In Favour of Both, Partially
- Citation Number : TS-522-ITAT-2025(Mum)
- Tax Payer : Khimchand Okchand Bhansali
Income tax Appellate Tribunal
ITAT: Quashes reassessment citing failure to serve notice on UAE-based Assessee’s correct address
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-520-ITAT-2025(Mum)
- Tax Payer : Aptivaa Middle East FZE
Income tax Appellate Tribunal
ITAT: Upholds CIT(A) Order restricting bogus purchase addition, follows Assessee’s earlier case
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-519-ITAT-2025(Mum)
- Tax Payer : Icon Infotech Private Limited
Income tax Appellate Tribunal
ITAT: No transfer of firm assets or benefit accrued to partners for invocation of Sec. 45(4)
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-509-ITAT-2025(Bang)
- Tax Payer : Anand Diagnostic Laboratory
Income tax Appellate Tribunal
ITAT: Non-resident's independent services not FTS, no TDS liability under India-Sri Lanka & Kenya DTAA
May 07, 2025
- In Favour of Assessee
- Citation Number : TS-518-ITAT-2025(DEL)
- Tax Payer : Sujan Luxury Hospitality Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Pardons inadvertent error in Form 3CD, asserts power to adjudicate issues basis revised TAR
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-517-ITAT-2025(Mum)
- Tax Payer : Kopran Ltd
Income tax Appellate Tribunal
ITAT: Donations from Ketto platform unutilized for intended purpose, diverted for personal use, taxable u/s 56(2)(x)
May 06, 2025
- In Favour of Revenue
- Citation Number : TS-516-ITAT-2025(Mum)
- Tax Payer : Rana Ayyub Shaikh
High Court
HC: Invokes 'reasonable cause' doctrine u/s 273B, quashes penalty on loan repayment in cash
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-515-HC-2025(CHAT)
- Tax Payer : Sandeep Kaur Gill
High Court
HC: CIT(A) must conduct inquiry, formulate points even when assessee doesn't show up
May 06, 2025
- In Favour of Both, Partially
- Citation Number : TS-514-HC-2025(CHAT)
- Tax Payer : Adim Jati Seva Sahkari
High Court
HC: Invokes 'substance' u/s 292B to uphold otherwise defective notice; Reverses ITAT
May 06, 2025
- In Favour of Revenue
- Citation Number : TS-513-HC-2025(GAUH)
- Tax Payer : Shankar Lall Goenka
Income tax Appellate Tribunal
ITAT: Holds no piecemeal use of search findings; Allows unaccounted expense deduction from on-money receipt
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2025(Mum)
- Tax Payer : Roshni Enterprises
Income tax Appellate Tribunal
ITAT: ITAT: Lifting of corporate veil unjustified, sans allegations of tainted money; Assessees not beneficial owners of assets
May 06, 2025
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2025(DEL)
- Tax Payer : Pradeep Wig
High Court
HC: Criticizes ITAT for not referring to larger bench; Sec. 55 applies to COA computation on liquidation
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-507-HC-2025(MAD)
- Tax Payer : T.R.Balasubramanium
Income tax Appellate Tribunal
ITAT: BMA assessment invalid, tax leviable in year of Sec. 10 notice, not asset discovery
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-508-ITAT-2025(CHNY)
- Tax Payer : Smt. Elangovan Malarmangai @ Swetha
High Court
HC: Restricts Revenue's power to re-examine company's books, cannot probe accounts for Sec. 115J beyond adjustments
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-506-HC-2025(BOM)
- Tax Payer : Mahindra & Mahindra Ltd
High Court
HC: Sec. 153A notice restricted to 6 AYs sans asset-based income escape allegation
May 05, 2025
- In Favour of Assessee
- Citation Number : TS-505-HC-2025(DEL)
- Tax Payer : Smart Chip Private Limited
Income tax Appellate Tribunal
ITAT: Services rendered FTS but ‘make available’ condition unsatisfied under Article 12(4) of India-US DTAA
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-423-ITAT-2025(DEL)
- Tax Payer : Crocs Inc.
Income tax Appellate Tribunal
ITAT: Quashes reassessment over unsigned Sec. 148 notice; Revenue failed to disprove claim of unsigned notice
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-501-ITAT-2025(DEL)
- Tax Payer : Karan Anand
Income tax Appellate Tribunal
ITAT: Holds only profit element of undisclosed receipts taxable & not entire gross receipts
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-503-ITAT-2025(DEL)
- Tax Payer : Fourstar Hospitalities LLP
High Court
HC: Dismisses Revenue’s appeal having low tax effect; Circular 5 of 2024 supersedes previous circulars
May 03, 2025
- In Favour of Assessee
- Citation Number : TS-500-HC-2025(BOM)
- Tax Payer : Sulzer Pumps India Limited