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Rulings ( 13821 results )
Income tax Appellate Tribunal
ITAT: Directs exclusion of cost linked to disallowed export turnover for Sec. 10AA deduction
Jun 02, 2025
- In Favour of Assessee
- Citation Number : TS-663-ITAT-2025(Mum)
- Tax Payer : Roop Ultrasonix Limited
Income tax Appellate Tribunal
ITAT: Deletes additions treating exempt MF-dividend, tax-free bond interest as business income u/s 10(35)
Jun 02, 2025
- In Favour of Assessee
- Citation Number : TS-662-ITAT-2025(Mum)
- Tax Payer : Lintas Employees Hobbies and Craft Trust
Income tax Appellate Tribunal
ITAT: Expenses allowable u/s 37(1) when incurred for business purposes & are revenue in nature
Jun 02, 2025
- In Favour of Assessee
- Citation Number : TS-658-ITAT-2025(Mum)
- Tax Payer : Shrem Infraventures Pvt. Ltd
High Court
HC: No requirement to explain source of source of funds for AY 2015-16; Deletes addition u/s 68
Jun 02, 2025
- In Favour of Assessee
- Citation Number : TS-675-HC-2025(DEL)
- Tax Payer : Sheela Overseas Private Limited
Income tax Appellate Tribunal
ITAT: Deletes Sec. 43CA disallowance as sale value within tolerable limit; Agreement date valuation applies u/s 43CA(3)
May 31, 2025
- In Favour of Assessee
- Citation Number : TS-671-ITAT-2025(CHANDI)
- Tax Payer : CSJ Infrastructure Pvt.Ltd.
High Court
HC: Allows belated return for claiming refund; Directs AO for denovo order condoning delay
May 31, 2025
- In Favour of Assessee
- Citation Number : TS-669-HC-2025(GUJ)
- Tax Payer : Suryakant Khodidas Panchal
Income tax Appellate Tribunal
ITAT: Sales tax subsidy claim disallowed in search assessment sans declaration in original or Sec. 153A return
May 31, 2025
- In Favour of Revenue
- Citation Number : TS-673-ITAT-2025(DEL)
- Tax Payer : Jindal Photo Limited
High Court
HC: Upholds denial of Sec.10(26A) exemption to scheduled tribe for failing to prove income origin & residence in Ladakh
May 31, 2025
- In Favour of Revenue
- Citation Number : TS-670-HC-2025(J & K)
- Tax Payer : Mehmood Askari
Income tax Appellate Tribunal
ITAT: ITAT: Quashes reassessment for AO’s failure to furnish reasons u/s 148; Relies on Jagat Talkies judgment
May 31, 2025
- In Favour of Assessee
- Citation Number : TS-674-ITAT-2025(DEL)
- Tax Payer : Alka Sand
High Court
HC: Open terrace/portico area without walls, not part of built-up area for Sec.80-IB deduction
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-667-HC-2025(TEL)
- Tax Payer : Modi Builders & Realtors (P) Ltd. and Others
Income tax Appellate Tribunal
ITAT: Restores registration issue u/s 12AB; CIT(E) to conduct enquiry on genuineness of Assessee’s activities
May 30, 2025
- In Favour of Revenue
- Citation Number : TS-666-ITAT-2025(DEL)
- Tax Payer : Ideal Relief Trust
High Court
HC: HC: AO must apply mind, not blindly act on audit flags for initiating reassessment proceedings
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-665-HC-2025(DEL)
- Tax Payer : Springer Healthcare Limited
Income tax Appellate Tribunal
ITAT: Non-consideration of binding judgments, 'mistake apparent from record'; Recalls penalty order
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-664-ITAT-2025(Bang)
- Tax Payer : Rashtrotthana Parishat
High Court
HC: Assessee to bare own responsibility for failure to opt for lower taxation u/s 115BAA; Rejects inadvertent error plea
May 30, 2025
- In Favour of Revenue
- Citation Number : TS-660-HC-2025(DEL)
- Tax Payer : Sarla Holdings Private Limited
High Court
HC: AWS receipts for provision of cloud computing services not taxable as royalty under India-US DTAA
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-661-HC-2025(DEL)
- Tax Payer : Amazon Web Services, Inc
Income tax Appellate Tribunal
ITAT: Confirms Sec. 14A addition over lack of ownership proof; Rejects remand request
May 29, 2025
- In Favour of Revenue
- Citation Number : TS-659-ITAT-2025(COCH)
- Tax Payer : Thomas Muthoot
Income tax Appellate Tribunal
ITAT: Share sale delay being 'depravation' of capital for Grasim, holds escrow a/c interest non-taxable
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-657-ITAT-2025(Mum)
- Tax Payer : Grasim Industries Ltd
Income tax Appellate Tribunal
ITAT: Additions basis uncorroborated dumb documents in form of loose diaries, ‘unsustainable’
May 29, 2025
- In Favour of Revenue
- Citation Number : TS-656-ITAT-2025(Bang)
- Tax Payer : Sri Adichunchanagiri Shikshana Trust
Income tax Appellate Tribunal
ITAT: Holds assessment order u/s 143(3) in accordance with law; Deletes Sec. 68 addition
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-655-ITAT-2025(Bang)
- Tax Payer : Narayana Rao Hebri
Income tax Appellate Tribunal
ITAT: Quashes Sec. 153A proceedings citing non-compliance with procedure under Rule 112F
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-644-ITAT-2025(Mum)
- Tax Payer : Vijay Madan Varma