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Rulings ( 13580 results )

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Income tax Appellate Tribunal

ITAT: Sets aside CIT(A) order passed without taking cognizance of rectification order passed addressing Assessee’s grievance

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2025(Mum)
  • Tax Payer : Dombivali Nagari Sahakari Bank Ltd
Income tax Appellate Tribunal

ITAT: Addition of notional income unwarranted given books of accounts rejected & estimated net profit applied

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2025(Mum)
  • Tax Payer : Rakesh Natwarlal Patel
Income tax Appellate Tribunal

ITAT: Allows Sec.80P deduction on interest income of cooperative society, cites substantial justice supersedes technical issues

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2025(Mum)
  • Tax Payer : The Childrens AID Society Employees
Income tax Appellate Tribunal

ITAT: Allowability of Sec. 80IA(12A) deduction not prima facie mistake to invoke rectification u/s 154

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2025(Mum)
  • Tax Payer : Ultratech Cement Ltd
Income tax Appellate Tribunal

ITAT: Criticizes Revenue for misunderstanding Sec. 28(iv) given ‘no benefit’ accrued on unreturned shares

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2025(DEL)
  • Tax Payer : Narayan Securities Ltd
Income tax Appellate Tribunal

ITAT: Assessee entitled to interest u/s244A, no compensation for delay in interest payment on refund permissible

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2025(CHNY)
  • Tax Payer : M.N. Rangamani
Income tax Appellate Tribunal

ITAT: Sec. 115JB not applicable to Bank of Baroda, constituted as ‘corresponding new bank’ under Banking Cos Act

Apr 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2025(Bang)
  • Tax Payer : Bank of Baroda (Erstwhile Vijaya Bank)
High Court

HC: Rejecting Revenue's VsV Act interpretation, grants interest for delayed refund

Apr 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-397-HC-2025(KER)
  • Tax Payer : Satwashil Vasant Mane
High Court

HC: Non-challenge to Sec. 263 order no bar for appealing consequent order; Overturns ITAT

Apr 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-395-HC-2025(KER)
  • Tax Payer : Malabar Institute Of Medical Sciences Ltd
Income tax Appellate Tribunal

ITAT: Application of gross profit percentage on extrapolated figures basis suspicion & guess work by AO unsustainable

Apr 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2025(Mum)
  • Tax Payer : Me n Moms Private Ltd
Income tax Appellate Tribunal

ITAT: Capital loss carry forward from earlier AYs cannot be denied basis rectification order in later AY

Apr 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2025(Mum)
  • Tax Payer : BNS Asia Limited
Income tax Appellate Tribunal

ITAT: US resident's receipts for 'Passenger Services' not FTS, sans make available requirement fulfillment

Apr 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2025(Mum)
  • Tax Payer : Sita Information Networking Computing USA Inc.
Income tax Appellate Tribunal

ITAT: Assessee’s conduct & postal remark sufficient to conclude presumption of service of notice u/s 148

Apr 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2025(DEL)
  • Tax Payer : Jai Singh
Income tax Appellate Tribunal

ITAT: Upholds deletion of disallowance of expense reimbursement, Revenue unable to controvert facts

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2025(DEL)
  • Tax Payer : V & S Seair Logistics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms revision given assessment order passed without any inquiry & no application of mind

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2025(Ahd)
  • Tax Payer : Gujarat State Electricity Corporation Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec. 54 benefit for investment made in spouse name, Follows Ravinder Kumar Arora judgment

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2025(DEL)
  • Tax Payer : Dharam Veer Singh
Income tax Appellate Tribunal

ITAT: Quashes assessment as void ab-initio, sans valid issuance of notice under Sec. 143(2)

Apr 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2025(PUN)
  • Tax Payer : Dhanottam Vasant Lonkar
High Court

HC: Upholds case transfer u/s 127 to facilitate effective & co-ordinated investigation

Apr 12, 2025
  • In Favour of Revenue
  • Citation Number : TS-386-HC-2025(GUJ)
  • Tax Payer : Vishal Darshanlal Talreja
Income tax Appellate Tribunal

ITAT: Transfer of development rights, mere licence to permit construction & not transfer u/s 2(47)(v)

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2025(PUN)
  • Tax Payer : Balasaheb Popatrao Phadol
Income tax Appellate Tribunal

ITAT: Quashes reassessment for mechanical approval u/s 153D; Relies on Rishab Buildwell ruling

Apr 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2025(Mum)
  • Tax Payer : Navratan Management Private Limited