Filters
Rulings ( 14697 results )
Income tax Appellate Tribunal
ITAT: Donations made on account of fraudulent documents not eligible for deduction u/s 35(1)(ii); Upholds disallowance
Nov 28, 2025
- In Favour of Assessee
- Citation Number : TS-1576-ITAT-2025(Ahd)
- Tax Payer : Taylormade Renewables Limited
Income tax Appellate Tribunal
ITAT: Documented capital asset transfer cannot be taxed as unexplained receipt; Deletes Sec.56 addition
Nov 27, 2025
- In Favour of Assessee
- Citation Number : TS-1571-ITAT-2025(Ahd)
- Tax Payer : Rajsheel Jitendra Patel
Income tax Appellate Tribunal
ITAT: Estimation theory inapplicable where entire purchases are non-genuine; Restores addition
Nov 27, 2025
- In Favour of Assessee
- Citation Number : TS-1570-ITAT-2025(Mum)
- Tax Payer : Deepak Shah
Income tax Appellate Tribunal
ITAT: Shields ex-BYJU’S CFO from Co.’s TDS default, grants credit; Emphasises judicial discipline
Nov 27, 2025
- In Favour of Assessee
- Citation Number : TS-1569-ITAT-2025(Kol)
- Tax Payer : Ajay Kumar Goel
High Court
HC: Revenue's adverse inference sans Charity Commissioner’s finding, untenable; Trust eligible for Sec.11 exemption
Nov 27, 2025
- In Favour of Assessee
- Citation Number : TS-1568-HC-2025(BOM)
- Tax Payer : Sir Kikabhai Premchand Settlement Trust No.XI
Income tax Appellate Tribunal
ITAT: Severance compensation constitutes ‘profits in lieu of salary’, not capital receipts, under amended Sec. 17(3)(iii)
Nov 27, 2025
- In Favour of Assessee
- Citation Number : TS-1565-ITAT-2025(HYD)
- Tax Payer : Supriya Nagendla
Income tax Appellate Tribunal
ITAT: Compensation for relinquishing ‘right to sue’ is non-taxable capital receipt, not ‘profits in lieu of salary’
Nov 26, 2025
- In Favour of Assessee
- Citation Number : TS-1564-ITAT-2025(DEL)
- Tax Payer : Milan Saini
Income tax Appellate Tribunal
ITAT: Reduced shareholding due to fresh share issue, not relinquishment of right; Deletes STCG addition
Nov 26, 2025
- In Favour of Assessee
- Citation Number : TS-1563-ITAT-2025(DEL)
- Tax Payer : Sunita Sanjeev Aeren
Income tax Appellate Tribunal
ITAT: Cost of purchasing additional area in redevelopment qualifies as investment; Allows Sec.54 deduction
Nov 26, 2025
- In Favour of Assessee
- Citation Number : TS-1562-ITAT-2025(Mum)
- Tax Payer : Divyesh Ramniklal Muni
Income tax Appellate Tribunal
ITAT: Guarantee/service fee paid as per contractual obligation, not ‘rent’ liable to TDS u/s 194-I
Nov 26, 2025
- In Favour of Assessee
- Citation Number : TS-1561-ITAT-2025(DEL)
- Tax Payer : Oravel Stays Limited (formerly known as Oravel Stays Pvt. Ltd.)
High Court
HC: 'Reasons to Believe' standard u/s 24(1) doesn't require 'prima facie case' before notice; Upholds benami proceedings
Nov 25, 2025
- In Favour of Revenue
- Citation Number : TS-1559-HC-2025(DEL)
- Tax Payer : Shyamsundar Sharma
Income tax Appellate Tribunal
ITAT: Reporting income under incorrect head does not attract penalty u/s 270A; Deletes penalty
Nov 25, 2025
- In Favour of Assessee
- Citation Number : TS-1558-ITAT-2025(HYD)
- Tax Payer : Penninti Vivekananda Rao
Income tax Appellate Tribunal
ITAT: Rules bifurcation into SBN/regular currency for Sec.68, unjustified; Deletes unexplained cash credit addition
Nov 25, 2025
- In Favour of Assessee
- Citation Number : TS-1557-ITAT-2025(SUR)
- Tax Payer : Pareshbhai Natvarlal Shah
Income tax Appellate Tribunal
ITAT: HUF not 'Relative' u/s 56(2) explanation; Remands matter to examine exemption u/s 10(2)
Nov 25, 2025
- In Favour of Assessee
- Citation Number : TS-1556-ITAT-2025(Kol)
- Tax Payer : Seema Sureka
Income tax Appellate Tribunal
ITAT: Restores issues emanating from buy-back of shares sans proper appreciation of detailed documents
Nov 25, 2025
- In Favour of Assessee
- Citation Number : TS-1555-ITAT-2025(CHNY)
- Tax Payer : Updater Services Limited (formerly known as Updater Services Private Limited)
Income tax Appellate Tribunal
ITAT: ITAT: Restores issues on disallowances of advisory & legal expenses to CIT(A) for fresh verification
Nov 24, 2025
- In Favour of Both, Partially
- Citation Number : TS-1549-ITAT-2025(Bang)
- Tax Payer : Coffeeday Trading Limited
Income tax Appellate Tribunal
ITAT: Adequate enquiry by AO bars PCIT’s Sec. 263 action; Quashes revision on software depreciation
Nov 24, 2025
- In Favour of Assessee
- Citation Number : TS-1535-ITAT-2025(Bang)
- Tax Payer : ANI Technologies Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Cash from duly recorded property sale explains deposits; Deletes Sec. 69A addition
Nov 24, 2025
- In Favour of Assessee
- Citation Number : TS-1533-ITAT-2025(Mum)
- Tax Payer : Shalaka Chandrahas Chavan
Income tax Appellate Tribunal
ITAT: Excess refund of advances received by HUF from Karta constitutes ‘capital receipt’, not taxable
Nov 24, 2025
- In Favour of Assessee
- Citation Number : TS-1532-ITAT-2025(Mum)
- Tax Payer : Sanjay Kothari (HUF)
Income tax Appellate Tribunal
ITAT: NR’s investment in residential property from foreign-source not taxable as unexplained investment in India
Nov 24, 2025
- In Favour of Assessee
- Citation Number : TS-1524-ITAT-2025(Mum)
- Tax Payer : Rajnish Kasturchand Ostwal