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Income tax Appellate Tribunal

ITAT: Sec. 14A disallowance cannot be mechanically sustained sans recording dissatisfaction despite audit report mismatch

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-839-ITAT-2026(Mum)
  • Tax Payer : Parle Biscuits Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Actual property transfer date determines year of capital gains taxation liability

Jun 09, 2026
  • In Favour of Revenue
  • Citation Number : TS-846-ITAT-2026(JAB)
  • Tax Payer : Surendra Singh
Income tax Appellate Tribunal

ITAT: CIT(A) cannot delete Sec. 68 addition without examining creditworthiness and genuineness; Remits matter

Jun 09, 2026
  • In Favour of Revenue
  • Citation Number : TS-838-ITAT-2026(Mum)
  • Tax Payer : Giri Prime Housing Properties Private Limited
Income tax Appellate Tribunal

ITAT: Rejects re-characterisation of SEBI registered AIF's income as business income; Grants exemption u/s 10(23FBA)

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-845-ITAT-2026(CHNY)
  • Tax Payer : Sundaram Alternative Opp Series High Yield Secured Debt Fund
Income tax Appellate Tribunal

ITAT: Grants benefit of deemed application of income under Explanation 2(ii)(b) to Sec. 11(1) to Assessee-trust

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-844-ITAT-2026(CHNY)
  • Tax Payer : GRG Trust
Income tax Appellate Tribunal

ITAT: AO cannot deny weighted R&D deduction u/s 35(2AB) once DSIR issues Form 3CL

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2026(HYD)
  • Tax Payer : Sri Rama Agri Genetics (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms Dolly Khanna's investor status; Rejects recharacterization of STCL to business loss

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-843-ITAT-2026(CHNY)
  • Tax Payer : Dolly Khanna
Income tax Appellate Tribunal

ITAT: Incriminating material doctrine weakened by deeming fiction of Expl. 2 to Sec. 148; Confirms post-search reassessment

Jun 09, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2026(Mum)
  • Tax Payer : Sonu Pankaj Shakti Sagar Sood
Income tax Appellate Tribunal

ITAT: Reassessment initiated sans fresh tangible material, invalid; Quashes reassessment based on change of opinion

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-836-ITAT-2026(DEL)
  • Tax Payer : AVSL Securities Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 271(1)(c) penalty not applicable where tax liability fully discharged before issuance of notice u/s 148

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-834-ITAT-2026(DEL)
  • Tax Payer : D.B. Engineering P. Ltd
Income tax Appellate Tribunal

ITAT: Special Bench rules extended reassessment timeline applies to non-residents; No distinction b/w residents & NR u/s 149

Jun 08, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-835-ITAT-2026(Mum)
  • Tax Payer : Jaspal Singh Sahney as Executor of late Devinder Singh Sahney
Income tax Appellate Tribunal

ITAT: Holds taxpayer’s accounting policy of revenue recognition for extended warranty, inconsonance with AS-9 & ICDS

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2026(Mum)
  • Tax Payer : Onsite Electro Services Private Limited
Income tax Appellate Tribunal

ITAT: AO erred in valuing underlying company shares instead of shares actually purchased; Deletes addition

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-832-ITAT-2026(Mum)
  • Tax Payer : Kanchan Markhedkar
Income tax Appellate Tribunal

ITAT: McAfee software sales cannot be royalty if copyright not transferred; AO to assess correct income, remits matter

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2026(Mum)
  • Tax Payer : McAfee Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: AO cannot travel beyond Tribunal directions while passing order giving effect; Deletes addition

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-830-ITAT-2026(CHNY)
  • Tax Payer : Kaipathur Venkatakrishnan
Income tax Appellate Tribunal

ITAT: Only embedded profit from bogus purchases can be added where genuineness of purchases are proved

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-829-ITAT-2026(Mum)
  • Tax Payer : Marvell Nutex Pvt Ltd
Income tax Appellate Tribunal

ITAT: Bad debt write-off allowable u/s 36(1)(vii) & subsequent recovery doesn't preclude deduction

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-828-ITAT-2026(DEL)
  • Tax Payer : Aamby Valley Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, validates demonetization-period cash as genuine business advances despite VAT non-compliance

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2026(DEL)
  • Tax Payer : Rakesh Kumar
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 43 of BMA on foreign assets disclosed in Sec. 153C return sans addition

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2026(Ahd)
  • Tax Payer : Anshul Darshan Shah
Income tax Appellate Tribunal

ITAT: Denies Sec. 80P deduction for invalid belated ITR filed after completion of assessment

Jun 06, 2026
  • In Favour of Revenue
  • Citation Number : TS-808-ITAT-2026(Bang)
  • Tax Payer : Adat Farmers Service Co-operative Bank Ltd