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Rulings ( 14665 results )

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Income tax Appellate Tribunal

ITAT: Allows set-off of brought forward long term capital loss & current year’s short term capital loss against LTCG

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1544-ITAT-2025(DEL)
  • Tax Payer : Ira Sharma
High Court

HC: Sec.115JC inapplicable to projects approved pre-April 2013; Directs Revenue to follow judicial precedent

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1543-HC-2025(BOM)
  • Tax Payer : Dipti Enterprises
Income tax Appellate Tribunal

ITAT: Assessee covered u/s 115A, not required to file return; Quashes reassessment proceedings

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1542-ITAT-2025(DEL)
  • Tax Payer : Kisan International Trading FZE
Income tax Appellate Tribunal

ITAT: Appellate-Authorities can admit new claims backed by record; AO to examine enhanced Sec. 54B deduction on merits

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1541-ITAT-2025(Ahd)
  • Tax Payer : Dinmahmad Hajibhai Momin
Income tax Appellate Tribunal

ITAT: No unfettered power to PCIT to invoke Sec.263 revision basis mere disagreement or without recording merits

Nov 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-1539-ITAT-2025(Mum)
  • Tax Payer : DHL Global Forwarding Freight Shared Services (India) LLP
Income tax Appellate Tribunal

ITAT: Deletes Sec. 56(2)(viib) addition; Provision aims to curb unaccounted money, not bona fide transactions

Nov 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1536-ITAT-2025(CHNY)
  • Tax Payer : Ambattur Developers Private Limited
Income tax Appellate Tribunal

ITAT: FMV of shares must be on actual date of “transfer”; Sec. 50CA & Sec. 56(2)(viib) not applicable

Nov 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-1534-ITAT-2025(DEL)
  • Tax Payer : RBS AA Holdings (Netherlands) B.V.
Income tax Appellate Tribunal

ITAT: Deletes Sec.56(2)(x) addition; Rules stamp duty valuation cannot override actual agricultural land character

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1531-ITAT-2025(Ahd)
  • Tax Payer : Ishwarbhai Gordhanbhai Prajapati
Income tax Appellate Tribunal

ITAT: Quashes Sec.68 addition against Preity Zinta, holds loans were mere liability transfers with no benefit

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1530-ITAT-2025(Mum)
  • Tax Payer : Preity G Zinta
Income tax Appellate Tribunal

ITAT: Quashes reassessment for lack of AO signature & Sec. 148A violation; Rules mere digital signing insufficient

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1529-ITAT-2025(ASR)
  • Tax Payer : Khurshid Ahmad Dar
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271(1)(c) penalty passed 17-years after CIT(A) order, for being time-barred basis Form 36

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1528-ITAT-2025(Mum)
  • Tax Payer : Commerzbank AG
High Court

HC: Assessment post-amalgamation time-barred as prior order lacked Sec. 153(6) ‘finding’ or ‘direction’

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1527-HC-2025(BOM)
  • Tax Payer : Shell India Markets Private Limited
Income tax Appellate Tribunal

ITAT: Allows leave encashment benefit u/s 10(10A) for service with Government undertaking prior to restructuring

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1526-ITAT-2025(CHANDI)
  • Tax Payer : Chander Shekher Saini
Income tax Appellate Tribunal

ITAT: Nominal members cannot be treated separately for deduction u/s 80P(2)(a)(i)

Nov 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-1525-ITAT-2025(Bang)
  • Tax Payer : Udayravi Credit Coop
Income tax Appellate Tribunal

ITAT: Rejects belated jurisdictional challenge u/s 124(3)(c); Affirms 35% gross profit rate as consistent & justified

Nov 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1523-ITAT-2025(Mum)
  • Tax Payer : Prakash H. Mutha
Income tax Appellate Tribunal

ITAT: Quashes reassessment absent specific averment in ‘reasons’ recorded u/s 147 on alleged penny-stock

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1522-ITAT-2025(Ahd)
  • Tax Payer : Navneetbhai Ramanlal Patel
Income tax Appellate Tribunal

ITAT: Interest on enhanced compensation taxable as IoS post-amendment u/s 56(2)(viii); Ghanshyam (HUF) ruling inapplicable

Nov 18, 2025
  • In Favour of Revenue
  • Citation Number : TS-1519-ITAT-2025(CHANDI)
  • Tax Payer : Shri Ajay Kumar
Income tax Appellate Tribunal

ITAT: Deletes addition made on protective basis in Assessee’s hand, absent any substantive addition

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1521-ITAT-2025(DEL)
  • Tax Payer : Surendra Kumar Jain
Income tax Appellate Tribunal

ITAT: Grants Sec.11 exemption despite clerical error in return; Revenue cannot take advantage of Assessee's mistake

Nov 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-1520-ITAT-2025(Bang)
  • Tax Payer : Fig Tree Foundation
High Court

HC: Condones delay in filing revised ROI largely caused due to disruptions in Covid 19 pandemic

Nov 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-1518-HC-2025(BOM)
  • Tax Payer : Perks Links and Services Pvt. Ltd