S. 80HHC : Export business-Total turnover-Excise duty, custom duty, windmill power receipts-Not part of turnover. [S.260A]
CIT v. Ramco Cements Ltd. [2025] 481 ITR 705 / 173 taxmann.com 226 (Mad)(HC)S. 80HHC : Export business-Total turnover-Excise duty, custom duty, windmill power receipts-Not part of turnover. [S.260A]
CIT v. Ramco Cements Ltd. [2025] 481 ITR 705 / 173 taxmann.com 226 (Mad)(HC)S. 80G : Donation-Registration under section 12AA granted and subsisting-Entitled to approval for purposes of section 80G(5)(vi) [S. 12AA, 80G(5)(vi)]
CIT(E) v. Dignity Education Society (2025) 481 ITR 217 /179 Taxman 373 (Chattisgarh)(HC) Editorial : CIT(E) v. Dignity Education Society (2025) 481 ITR 222/ 307 Taxman 523 (SC), SLP of revenue dismissed.S. 80G : Donation-Registration under section 12AA granted and subsisting-Entitled to approval for purposes of section 80G(5)(vi) of the Act-SLP of revenue dismissed. [S. 12AA, 80G(5))vi), Art. 136]
CIT v. Dignity Education Society (2025) 481 ITR 222 / 307 Taxman 523 (SC) Editorial : CIT(E) v. Dignity Education Society (2025) 481 ITR 217 /179 Taxman 373 (Chattisgarh)(HC)S. 69C : Unexplained expenditure-Bogus purchases-Accommodation entries from Bhanwarlal Jain Group-Addition restricted to 6 per cent of bogus purchases is fair and reasonable. [S. 147, 148, 260A]
PCIT v. Mohit Pukhraj Kawdiya (No. 1) (2025) 481 ITR 310 / 181 taxmann.com 712 (Guj.) (HC) PCIT v. Mohit Pukhraj Kawdiya (No. 2).(2025) 481 ITR 318 / taxmann.com 712 (Guj)(HC)S. 68 : Cash credits-Share capital received from three companies-Mere proof of identity of investors insufficient-Assessee must establish creditworthiness and genuineness-Tribunal ignored AO’s findings-Addition restored by High court [S. 260A]
PCIT v. Jaguar Buildcon Pvt. Ltd (2025) 481 ITR 477 /177 taxmann.com 504 (Delhi)(HC) Editorial : Jaguar Buildcon Pvt. Ltd v. PCIT (2025) 481 ITR 493/306 Taxman 349 (SC), SLP of assessee dismissed.S. 68: Cash credits-Share premium received on issue of shares-Capital or revenue-Capital account transaction-Cannot give rise to income-Addition of entire share premium as unexplained cash credit not sustainable-Delay of 271 days-SLP dismissed on account of delay as well as on merits. [S. 4,Art. 136]
DCIT v. Shendra Advisory Services (P.) Ltd. (2025) 481 ITR 457/306 Taxman 166 (SC)? Editorial : Shendra Advisory Services (P.) Ltd v. Dy.CIT (2024) 298 Taxman 261 / (2025) 482 ITR 385 (Bom)(HC)S. 67A : Association persons-Body of individuals-Member’s share-Member of syndicates engaged in liquor business-Share of assessee in income of syndicate-Not taxable when association of persons taxed at maximum marginal rate-No substantial question of law.[S.2(31),86, 167B, 260A.]
PCIT v. Ramesh Chandra Rai(2024) 168 taxmann.com 43 (2025) 481 ITR 231 (MP)(HC) Editorial : PCIT v. Harmindar Singh Bhatia (2025) 481 ITR 244 /168 taxmann.com 664 (SC), SLP of revenue dismissed.S. 67A : Association persons-Body of individuals-Member’s share-Member of syndicates engaged in liquor business-Share of assessee in income of syndicate-Not taxable when association of persons taxed at maximum marginal rate-SLP of revenue dismissed. [S.2(31),86, 167B, Art. 136]
PCIT v. Harmindar Singh Bhatia (2025) 481 ITR 244/168 taxmann.com 664 (SC) Editorial : PCIT v. Ramesh Chandra Rai (2024) 168 taxmann.com 43 (2025) 481 ITR 231 (MP)(HCS. 45 : Capital gains-Capital Asset-Agricultural Land-Sale of plot of land-Revenue records not conclusive-Negligible agriculiral income-Concurrent findings of fact-Order of Tribunal affirmed. [S. 2(14)(iii),260A]
Prashant Jaipal Reddy v. ITO (2025) 481 ITR 547 / 304 Taxman 39 (Bom)(HC) Editorial : SLP rejected, Prashant Jaipal Reddy v. ITO (2025) 306 Taxman 168/481 ITR 555. (SC)S. 45 : Capital gains-Capital Asset-Agricultural Land-Sale of plot of land-Revenue records not conclusive-Negligible agricultural income-Concurrent findings of fact-SLP of assessee dismissed. [S. 2(14)(iii), Art. 136]
Prashant Jaipal Reddy v. ITO (2025) 306 Taxman 168/481 ITR 555. (SC) Editorial: Prashant Jaipal Reddy v. ITO (2025)304 Taxman 39 / 481 ITR 547 (Bom) (HC)