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Rulings ( 14232 results )
Income tax Appellate Tribunal
ITAT: Deletes addition u/s 69A, accepts cash deposits as explained through withdrawals, matured FDs sans contrary evidence
Aug 23, 2025
- In Favour of Assessee
- Citation Number : TS-1096-ITAT-2025(CHNY)
- Tax Payer : Kalai Vani Rajan
Income tax Appellate Tribunal
ITAT: Deletes Sec. 271D penalty basis unregistered sale deed sans proof of cash receipt in violation of Sec. 269SS
Aug 23, 2025
- In Favour of Assessee
- Citation Number : TS-1101-ITAT-2025(CHNY)
- Tax Payer : Narayanaswamy
High Court
HC: Deletes Sec. 68 addition for post demonetization cash deposit; Accepts prior year withdrawals as valid source of cash deposits
Aug 23, 2025
- In Favour of Assessee
- Citation Number : TS-1098-HC-2025(DEL)
- Tax Payer : Pancham Realcon P. Ltd.
Income tax Appellate Tribunal
ITAT: Multiple residential units on same floor qualify for Sec. 54 exemption; Follows Lata Goel
Aug 22, 2025
- In Favour of Assessee
- Citation Number : TS-1095-ITAT-2025(DEL)
- Tax Payer : Saroj Rani
Income tax Appellate Tribunal
ITAT: Acquisition of technical drawings falls within definition of ‘plant’, eligible for Sec. 32AC deduction
Aug 22, 2025
- In Favour of Assessee
- Citation Number : TS-1094-ITAT-2025(CHNY)
- Tax Payer : TVS Motor Company Limited
Income tax Appellate Tribunal
ITAT: Deletes disallowance u/s 40A(3), as cash payment for business exigencies falls under exceptions in Rule 6DD
Aug 22, 2025
- In Favour of Assessee
- Citation Number : TS-1093-ITAT-2025(DEL)
- Tax Payer : Sabha Chand
Income tax Appellate Tribunal
ITAT: ITAT: Payments to non-resident foreign attorneys/law firms for ‘professional services’ not FTS u/s 9(1)(vii)
Aug 22, 2025
- In Favour of Assessee
- Citation Number : TS-1092-ITAT-2025(DEL)
- Tax Payer : Subramaniam Hariharan
Income tax Appellate Tribunal
ITAT: Upholds TVS Charities' 80G application, rejects Revenue's 'mutuality' & funds utilisation argument
Aug 22, 2025
- In Favour of Assessee
- Citation Number : TS-1091-ITAT-2025(CHNY)
- Tax Payer : TVS Charities
High Court
HC: Decides 'commencement of business' controversy, cites subsequent year findings to highlight ITAT's inconsistency
Aug 21, 2025
- In Favour of Assessee
- Citation Number : TS-1090-HC-2025(BOM)
- Tax Payer : Modi Business Centre Pvt. Ltd
Income tax Appellate Tribunal
ITAT: TOLA provisions cannot rescue assessment orders barred by limitation, allows Assessee's appeal
Aug 21, 2025
- In Favour of Assessee
- Citation Number : TS-1089-ITAT-2025(CHNY)
- Tax Payer : Althi Venkata Narendra Raju
High Court
HC: Slams Revenue for disregarding precedent, raps 'calculated' strategy to circumvent limitation
Aug 21, 2025
- In Favour of Assessee
- Citation Number : TS-1086-HC-2025(TEL)
- Tax Payer : Mallesh Goud Donkeni
Income tax Appellate Tribunal
ITAT: Deletes unaccounted cash payment addition against 15% rebate on construction bills, sans cogent evidence
Aug 21, 2025
- In Favour of Assessee
- Citation Number : TS-1088-ITAT-2025(CHNY)
- Tax Payer : Bannari Amman-Educational Trust
High Court
HC: HC: Second proviso to Sec. 40(a)(ia) applies retrospectively, as beneficial & curative in nature; Deletes disallowance
Aug 21, 2025
- In Favour of Assessee
- Citation Number : TS-1087-HC-2025(BOM)
- Tax Payer : Morgan Stanley India Capital Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec. 37 disallowance, cites no incriminating material found in Sec. 153C assessment
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1079-ITAT-2025(Bang)
- Tax Payer : Crystal Hatcheries Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Sets aside Sec. 143(1)(a) disallowance on carry-forward LTC loss sans mandatory prior intimation
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1081-ITAT-2025(Mum)
- Tax Payer : Nirmala Nawal Phatarphekar
Income tax Appellate Tribunal
ITAT: Quashes revision disallowing CSR expenses u/s 80G given AO’s view based on legal precedents
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1080-ITAT-2025(Mum)
- Tax Payer : Pashupati Capital Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes 3% net-profit addition post rejection of books u/s 145(3) basis assumptions sans material
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1058-ITAT-2025(Mum)
- Tax Payer : Late Mr. Shankerlal Doulatram Ramani (Through legal heir Mr. Rajesh Shankerlal Ramani)
Income tax Appellate Tribunal
ITAT: Affirms Sec. 270A penalty for non-disclosure of foreign exchange gains; Revised computation no shield
Aug 20, 2025
- In Favour of Revenue
- Citation Number : TS-1048-ITAT-2025(Mum)
- Tax Payer : Creative Ashtech Power Projects Private Limited
Income tax Appellate Tribunal
ITAT: MLI provisions unenforceable sans separate notification; Relies on Nestle, highlights Revenue's contradicting stand
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1085-ITAT-2025(Mum)
- Tax Payer : Sky High Appeal XLIII Leasing Company Limited
Income tax Appellate Tribunal
ITAT: Directs CIT(E) to grant registration u/s 12AB given assessee commenced activities, genuineness established
Aug 20, 2025
- In Favour of Assessee
- Citation Number : TS-1031-ITAT-2025(Bang)
- Tax Payer : Marine Drishti and Coastal Foundation