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Rulings ( 15321 results )

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Income tax Appellate Tribunal

ITAT: Sole executor’s estate taxable u/s 168(1)(a) at individual slab rates, not MMR, on will verification

  • In Favour of Assessee
  • Citation Number : TS-1211-ITAT-2026(Mum)
  • Tax Payer : Estate of Late Rajen Krishnalal Shah
High Court

HC: Reads down Sec. 9 retrospective amendment as prospective; Clarificatory amendment cannot create fresh tax liability retrospectively

  • In Favour of Assessee
  • Citation Number : TS-1208-HC-2026(KAR)
  • Tax Payer : Jindal Thermal Power Company Limited (Earlier Known As Jindal Tractebel Power Company Ltd.)
Income tax Appellate Tribunal

ITAT: Restricts disallowance of salary, staff-welfare expenses to 10% sans non-genuine evidence

  • In Favour of Assessee
  • Citation Number : TS-1207-ITAT-2026(Mum)
  • Tax Payer : P H Financials and Investments Private Limited
Income tax Appellate Tribunal

ITAT: Allows depreciation on goodwill & non-compete fees as revenue expenditure, generated out of slump sale

  • In Favour of Assessee
  • Citation Number : TS-1206-ITAT-2026(Mum)
  • Tax Payer : HI-Tech Radiators Private Limited
High Court

HC: Co-operative banks exempt from TDS u/s 194A(3) for interest payments to non-member co-operative societies

  • In Favour of Assessee
  • Citation Number : TS-1205-HC-2026(BOM)
  • Tax Payer : Citizen Credit Co-operative Bank Ltd. (Borivali)
Income tax Appellate Tribunal

ITAT: Cooperative society promoting tribal interests eligible for Sec 10(27) exemption, cites substantial funding from Govt.

  • In Favour of Assessee
  • Citation Number : TS-1204-ITAT-2026(RAN)
  • Tax Payer : Jharkhand State Cooperative LAC Marketing & Procurement Federation Ltd
Income tax Appellate Tribunal

ITAT: Sec. 11(3) amendment applies prospectively; Allows application of income accumulated in preceding year u/s 11(2)

  • In Favour of Assessee
  • Citation Number : TS-1202-ITAT-2026(Mum)
  • Tax Payer : Our Lady of Remedy Church
Income tax Appellate Tribunal

ITAT: Non-filing by non-earning family members isn't incriminating; Deletes addition for family cash savings

  • In Favour of Assessee
  • Citation Number : TS-1200-ITAT-2026(Mum)
  • Tax Payer : Pawan Onkardas Chandak
Income tax Appellate Tribunal

ITAT: ESOP FMV qualifies as cost of acquisition u/s 49(2AA) even if perquisite not taxed in India

  • In Favour of Assessee
  • Citation Number : TS-1195-ITAT-2026(Mum)
  • Tax Payer : Rajesh R Hemrajani
Income tax Appellate Tribunal

ITAT: No PE for Honda Trading Asia sans evidence; Mere group affiliation cannot establish PE in India

  • In Favour of Assessee
  • Citation Number : TS-1194-ITAT-2026(DEL)
  • Tax Payer : Honda Trading Asia Company Ltd
Income tax Appellate Tribunal

ITAT: Indian resident withholding foreign asset details triggers BMA addition; Signing UAE entity MOA proves investment

  • In Favour of Assessee
  • Citation Number : TS-1192-ITAT-2026(DEL)
  • Tax Payer : Ashok Shankar
Income tax Appellate Tribunal

ITAT: Interest on unsold flats deductible revenue expenditure, as capitalization ends on project completion

  • In Favour of Assessee
  • Citation Number : TS-1191-ITAT-2026(Mum)
  • Tax Payer : Giraffe Developers Pvt Ltd
Supreme Court

SC: Allows LTI Mindtree’s non-contingent discount provision claim; Dismisses Revenue's SLP

  • In Favour of Assessee
  • Citation Number : TS-1190-SC-2026
  • Tax Payer : LTI Mindtree Ltd.
Income tax Appellate Tribunal

ITAT: Reprimands Revenue to not act like dumb machines; Cites system glitch can't deny genuine depreciation claim

  • In Favour of Assessee
  • Citation Number : TS-1189-ITAT-2026(DEL)
  • Tax Payer : SIDH Management Corporate Services Ltd
Income tax Appellate Tribunal

ITAT: Holds Sec. 10(23C) exemption non-contingent on return filing prior to AY 2023-24

  • In Favour of Assessee
  • Citation Number : TS-1188-ITAT-2026(HYD)
  • Tax Payer : IMC Of Iti (Girls) Nellore
Income tax Appellate Tribunal

ITAT: Upholds Sec. 68 addition as lender identification & same-year repayment fail to prove loan genuineness

  • In Favour of Revenue
  • Citation Number : TS-1187-ITAT-2026(Mum)
  • Tax Payer : Seven Rings Education Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec. 32AC deduction to Aditya Birla, rules 'acquisition' completes only upon installation & commissioning

  • In Favour of Assessee
  • Citation Number : TS-1186-ITAT-2026(Mum)
  • Tax Payer : Aditya Birla Nuvo Limited (Since amalgamated with Grasim Industries Limited)
Income tax Appellate Tribunal

ITAT: Condones 1856 days delay citing personal hardship, COVID, portal glitches establish sufficient cause

  • In Favour of Assessee
  • Citation Number : TS-1185-ITAT-2026(Bang)
  • Tax Payer : Aditya Kapoor
Income tax Appellate Tribunal

ITAT: Applies DTAA non-discrimination clause, restricts Sec. 40(a)(i) disallowance on foreign payments to 30%

  • In Favour of Assessee
  • Citation Number : TS-1174-ITAT-2026(DEL)
  • Tax Payer : GE India Industrial Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition u/s 56(2)(x) due to failure to give reasoned finding and reference to DVO

  • In Favour of Assessee
  • Citation Number : TS-1169-ITAT-2026(Ahd)
  • Tax Payer : Shantiben Girdharlal Khatri