| 18916300 | Section 145A Accounting method - Valuation of closing stock - Change in method from LIFO to ICDS- -- Assessee, a partnership firm engaged in manufacturing and selling gold and silver ornaments, had con......
Kol-Trib -- 22 Jul 2025
Chandra Bros. v. ITO Assessee Appeal Partly Allowed
ITA No. 1572/KOL/2024
2025 TaxPub(DT) 5457 (Kol-Trib)
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| 18862000 | Section 145 Accounting method - Revenue recognition - For real estate developer - Project Comple -- Assessee, a real estate developer, was engaged in constructing a housing project on its own land. It......
Ahd-Trib -- 03 Jul 2025
Vyapti Enterprise v. ITO Assessee Appeal Allowed
ITA No. 835/Ahd/2024
2025 TaxPub(DT) 5095 (Ahd-Trib)
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| 18824000 | Section 145(3) Accounting method - Rejection - Estimation of income on bogus purchases and applic -- Assessee, engaged in manufacturing and trading copper products, faced scrutiny for alleged bogus pur......
Ahd-Trib -- 25 Jun 2025
ITO v. Madhav Copper Ltd. In favour of assessees.
ITA Nos. 254, 255 and 256/Ahd/2024, ITA Nos. 274, 275 and 276/Ahd/2024
2025 TaxPub(DT) 4832 (Ahd-Trib)
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| 18687600 | Section 145 Accounting method - Revenue recognition - Royalty income and revenue uncertainty
-- Assessee, engaged in manufacturing and marketing slurry pumps, entered into a sub-license agreement ......
Del-Trib -- 06 Jun 2025
Weir Mineral (India) (P) Ltd. v. Dy. CIT Partly in assessee|s favour.
ITA No. 4713/DEL/2019
2025 TaxPub(DT) 3897 (Del-Trib)
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| 18816700 | Section 145A Accounting method - Valuation of inventory - Addition of VAT on closing stock made wit -- AO made addition of VAT on closing stock. CIT(A) upheld the addition. Assessee relying on the provis......
Coch-Trib -- 26 May 2025
ABC Buildwares India (P) Ltd. v. Pr. CIT Assessee Appeal Allowed
ITA No. 373/Coch/2024, ITA No. 389/Coch/2024
2025 TaxPub(DT) 4759 (Coch-Trib)
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| 18612200 | Section 145(3) Accounting method - Rejection of books of account - Estimation of income on bogus p -- Assessee, engaged in pesticide business, reported total purchases of Rs. 25.73 crore, out of which R......
Ahd-Trib -- 22 May 2025
Anam Pesticides (P) Ltd. v. ITO Matter remanded
I.T.A. No. 1444/Ahd/2024
2025 TaxPub(DT) 3401 (Ahd-Trib)
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| 18615600 | Section 145A Accounting method - Calculation of total turnover - AO included excise duty while calc -- Assessee was a domestic company. AO completed its assessment and computed tax @ 30% plus applicable ......
Kol-Trib -- 22 May 2025
Satyam Smelters (P) Ltd. v. DCIT In assessee|s favour.
ITA No. 2493/Kol/2024
2025 TaxPub(DT) 3430 (Kol-Trib)
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| 18626400 | Sections 143(3) & 145(3) Assessment - Addition to income - Alleged bogus purchases and sales and -- AO having found bogus purchases and sales neither rejected books of account nor passed any order und......
Del-HC -- 22 May 2025
Pr. CIT v. Garg Acrylics Ltd. In favour of assessees.
ITA No. 178/2023
2025 TaxPub(DT) 3538 (Del-HC) : (2025) 476 ITR 0737 : (2025) 305 TAXMAN 0285
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