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Income tax Appellate Tribunal

ITAT: Deletes Sec. 69 addition for unexplained investment, FMV & stamp duty difference below 10%

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2026(Ahd)
  • Tax Payer : Deepak Parmanandbhai Nimbark
Income tax Appellate Tribunal

ITAT: Denies Sec. 54 exemption due to investment in ‘plinth’ instead of ‘residential property’ & failure to deposit unutilized gains in capital gains account

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2026(LKW)
  • Tax Payer : Raghav Kapoor Chand Gupta
High Court

HC: Reassessment invalid basis change of opinion on issue accepted during original assessment u/s 143(3)

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-657-HC-2026(BOM)
  • Tax Payer : Muniwar Abad Charitable Trust
High Court

HC: Quashes criminal proceedings for lack of jurisdiction & absence of penalty u/s 271(f); Relies on K.C. Builder ruling

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-658-HC-2026(MAD)
  • Tax Payer : B.Mohammad Iqbal
High Court

HC: Quashes Sec. 143(2)/142(1) notice issued to Reliance as barred by limitation & issued in name of non-existing company

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-663-HC-2026(BOM)
  • Tax Payer : Reliance Industries Limited
Income tax Appellate Tribunal

ITAT: ITAT: Loans to sister concerns/related party, not 'colourable device'; Deletes addition u/s 68

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2026(HYD)
  • Tax Payer : PTG Estates LLP
Income tax Appellate Tribunal

ITAT: ITAT: Quashes adjustment u/s 143(1) sans prior intimation to Assessee as required under first proviso to Sec. 143(1)(a)

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2026(HYD)
  • Tax Payer : Aragorn Renewable Energy Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Non-issuance of statutorily mandated Sec. 143(2) notice, vitiates assessment, despite belated filing of return

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2026(LKW)
  • Tax Payer : Arun Kumar Maurya
High Court

HC: HC: Issuing Sec. 245 notice without time to respond invalidates adjustment, must comply with principles of natural justice

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-655-HC-2026(CAL)
  • Tax Payer : P. S. Srijan Height Developers
Income tax Appellate Tribunal

ITAT: Receipts from fly ash sale, an additional income stream, falling within ambit of taxable business income

May 07, 2026
  • In Favour of Revenue
  • Citation Number : TS-654-ITAT-2026(CHANDI)
  • Tax Payer : Haryana Power Generation Corporation Limited
Income tax Appellate Tribunal

ITAT: Ongoing Sec. 153C merits litigation doesn't automatically justify 9-year delay in filing appeal

May 07, 2026
  • In Favour of Revenue
  • Citation Number : TS-653-ITAT-2026(DEL)
  • Tax Payer : Rishi Aggarwal
High Court

HC: HC: Binding HC precedent warrant complete stay; AO cannot mechanically demand 20% deposit for stay of tax recovery

May 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-652-HC-2026(DEL)
  • Tax Payer : Cadence Design Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Validates application of pre-amended Sec. 153C provisions to prevent absurdity in tax law interpretation

May 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2026(VIZ)
  • Tax Payer : Venkata Rosaiah Kilari
High Court

HC: Validates Sec. 148 notice for post-april 2021 third-party search discoveries; Rejects lack of jurisdiction plea

May 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-650-HC-2026(MAD)
  • Tax Payer : S. Palani
Income tax Appellate Tribunal

ITAT: Quashes Sec. 50C addition citing failure to make mandatory DVO reference despite objection

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2026(LKW)
  • Tax Payer : Vijay Pal Singh
Income tax Appellate Tribunal

ITAT: Sec. 54F deduction cannot be denied without cogent reasoning, upholds tax-planning within legal framework

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2026(Mum)
  • Tax Payer : Nidhi Siddharth Kejriwal
Income tax Appellate Tribunal

ITAT: CIT(A) cannot fundamentally alter appellate orders via restrictive rectification powers under guise of Sec. 154

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2026(Mum)
  • Tax Payer : A.P.L Civilcon Pvt. Ltd
High Court

HC: CIT(E) cannot revise assessment order u/s 263 merely because further details were required

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-648-HC-2026(BOM)
  • Tax Payer : Impact Foundation (India)
Income tax Appellate Tribunal

ITAT: Sec. 11(5) investment shortfall from prior years not taxable in current-AY post-2022 amendment

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2026(Mum)
  • Tax Payer : Shri Sant Sitarambua Walawalkar Charitable Trust
Income tax Appellate Tribunal

ITAT: IPL franchise fees paid to BCCI are revenue expenditure; Deletes disallowance

May 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-638-ITAT-2026(Mum)
  • Tax Payer : Indiawin Sports Private Limited