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Rulings ( 15126 results )

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Income tax Appellate Tribunal

ITAT: Allows carry forward of capital loss to Sahara India on sale of shares held as investment & not stock-in-trade

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1436-ITAT-2025(DEL)
  • Tax Payer : Sahara India Corp Investment Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec. 271B penalty for failure to audit record absent maintenance of books u/s 44AA

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1434-ITAT-2025(Mum)
  • Tax Payer : Fairdeal Medical and General Stores
Income tax Appellate Tribunal

ITAT: Benefit u/s 115BAA cannot be denied for non-filing of Form 10IC in subsequent-year once validly exercised earlier

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1438-ITAT-2025(Bang)
  • Tax Payer : Arrow Electronics India Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 263 proceedings invalid due to plausible view by AO sans prejudice to Revenue

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1432-ITAT-2025(Mum)
  • Tax Payer : Ram Baburao Salve
Supreme Court

SC: Upholds HC's ‘Knowledge = Receipt’ interpretation u/s 153(2A); Rejects Revenue's SLP

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1437-SC-2025
  • Tax Payer : Qualcomm Incorporated
Income tax Appellate Tribunal

ITAT: Revision invalid given unexplained deposit duly inquired during assessment & no error found

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1412-ITAT-2025(Bang)
  • Tax Payer : Kanigere Ramegowda Ningaraju
Income tax Appellate Tribunal

ITAT: Quashes proceedings u/s 263 initiated mechanically on AO’s proposal sans independent satisfaction

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1411-ITAT-2025(Bang)
  • Tax Payer : Anilkumar Anthony Krishna Murthy
Income tax Appellate Tribunal

ITAT: Deletes ad hoc addition u/s 69A for unexplained cash-deposits, given overall source stood accepted

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1379-ITAT-2025(Mum)
  • Tax Payer : Vijay Prakash Ghosalkar
Income tax Appellate Tribunal

ITAT: Allows appropriation of cash seized against the self-assessment tax liability

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1435-ITAT-2025(DEL)
  • Tax Payer : Kapoor Industries Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69C addition, holds investment in property made by co-owner husband in earlier AYs

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1433-ITAT-2025(Ahd)
  • Tax Payer : Renu Jagdishwar Sood
Income tax Appellate Tribunal

ITAT: Affirms revision u/s 263, as AO accepted explanation without examining statutory provisions

Nov 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-1431-ITAT-2025(Ahd)
  • Tax Payer : Hyderabad Yadgiri Tollway Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Rs. 203 Cr disallowance; Sec. 80IA(10) not applicable as PPA with related party at ALP

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-1430-ITAT-2025(Mum)
  • Tax Payer : Bhandar Power Ltd
High Court

HC: Grants DTAA benefits to shipping profits; Accepts Singapore IRS certificate's genuineness

Nov 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-1429-HC-2025(GUJ)
  • Tax Payer : Atlantic Shipping Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec. 271A penalty for non-maintenance of book of accounts sans evidence of deliberate defiance

Nov 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-1427-ITAT-2025(DEL)
  • Tax Payer : Antriksh Gupta
Income tax Appellate Tribunal

ITAT: Denies depreciation on non-compete fees being ineligible intangible asset; Follows Sharp business decision

Nov 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-1428-ITAT-2025(DEL)
  • Tax Payer : Akorn India P. Ltd.
Income tax Appellate Tribunal

ITAT: Additions u/s 153A based on third party statement unsustainable given no incriminating material found in search

Nov 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-1426-ITAT-2025(DEL)
  • Tax Payer : Ritu Jain
Income tax Appellate Tribunal

ITAT: Sets aside cryptic revisionary order u/s 263 passed without examining Assessee’s submission; Remits back for denovo adjudication

Nov 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-1425-ITAT-2025(AGR)
  • Tax Payer : Ganpati Infrastructure Development Co. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes disallowance of Director’s remuneration u/s 40A(2)(b) & unaccounted cash sales basis whatsapp chats

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1424-ITAT-2025(DEL)
  • Tax Payer : LSL Tools (P) Ltd
Income tax Appellate Tribunal

ITAT: Debatable & controversial issues cannot be classified as ‘mistake apparent on record’ u/s 154; Quashes rectification

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1423-ITAT-2025(DEL)
  • Tax Payer : Baani Landbase Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects FIITJEE's erroneous inclusion claim, rules scholarship funds taxable

Oct 31, 2025
  • In Favour of Revenue
  • Citation Number : TS-1422-ITAT-2025(DEL)
  • Tax Payer : FIITJEE Limited