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Income tax Appellate Tribunal

ITAT: Prior rejection doesn't bar subsequent Sec. 80G approval application; Rejects order treating Form 10AB non-est

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-766-ITAT-2026(Bang)
  • Tax Payer : Mohammediya Educational Trust
Income tax Appellate Tribunal

ITAT: Publication of books for youth, an educational activity, not hit by proviso to Sec. 2(15); Grants benefit u/s 11&12

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2026(Bang)
  • Tax Payer : Rashtrotthana Sahitya and Mudrana Trust
Income tax Appellate Tribunal

ITAT: Deletes penalty for under-reporting citing AO’s failure to mention specific limb of fault u/s 270A

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2026(Ahd)
  • Tax Payer : Ansh Organisers Private Limited
Income tax Appellate Tribunal

ITAT: Interest received on fixed deposit of subsidy, a business income, eligible for deduction u/s 80IB(11)

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-764-ITAT-2026(Rjt)
  • Tax Payer : Shreenath Spediaters Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Income is taxable when right to receive accrues, not merely on actual receipt; Deletes addition

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-763-ITAT-2026(Rjt)
  • Tax Payer : Vishal Mahendrabhai Modi (HUF)
Income tax Appellate Tribunal

ITAT: Sec. 14A amendment is prospective; Deletes notional interest addition, only real income taxable, not hypothetical

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2026(DEL)
  • Tax Payer : Aamby Valley City Ltd
Income tax Appellate Tribunal

ITAT: Substantial justice cannot be denied over mere technicalities; Condones delay in filing Form 10B

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-758-ITAT-2026(AGR)
  • Tax Payer : Vidhya Vati Mishra
Income tax Appellate Tribunal

ITAT: Mere abnormal increase in sales during demonetization period cannot justify addition u/s 69A

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2026(Ahd)
  • Tax Payer : Bharatji Designer Jewellery Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Purchaser's future use cannot determine land nature at sale date; Deletes LTCG addition

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2026(Ahd)
  • Tax Payer : Jignesh Harshadbhai Patel
Income tax Appellate Tribunal

ITAT: Alleged financial irregularities don't justify Sec. 12AB cancellation; Quashes PCIT’s order

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-755-ITAT-2026(DEL)
  • Tax Payer : G.D. Education Society
Income tax Appellate Tribunal

ITAT: Unsigned penalty notice is akin to 'body without soul'; Quashes notice citing defect cannot be cured by DIN

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2026(Bang)
  • Tax Payer : Dhiren Gopal
Income tax Appellate Tribunal

ITAT: Shifting expenses from rented to own premises, revenue expenditure, capitalization serves no purpose

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2026(Bang)
  • Tax Payer : NPR Auto Parts Manufacturing India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remands matter allowing trust to file Sec. 12AB registration; Directs Revenue to consider delay condonation

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2026(Bang)
  • Tax Payer : Karnataka State Foot Ball Association
Income tax Appellate Tribunal

ITAT: Difference in view cannot lead to invocation of proceedings u/s 263; Quashes revision against Asian Paints

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2026(Mum)
  • Tax Payer : Asian Paints Limited
Income tax Appellate Tribunal

ITAT: Orders penalty recomputation by reducing Sec. 143(1)(a) income from assessed income

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2026(Ahd)
  • Tax Payer : Arjun Green Power Private Limited
Income tax Appellate Tribunal

ITAT: Unclaimed expenditure embedded in WIP cannot be disallowed u/s 40(a)(ia)

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2026(Mum)
  • Tax Payer : Orbit Ventures Developers
Income tax Appellate Tribunal

ITAT: Quashes reassessment based on borrowed satisfaction sans independent inquiry; Assessee discharged onus of unexplained loan

May 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-742-ITAT-2026(DEL)
  • Tax Payer : Peakwood Reality Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes unexplained share capital addition in Public Limited Company, as subscriber creditworthiness established

May 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-743-ITAT-2026(DEL)
  • Tax Payer : OK Play India Ltd
Income tax Appellate Tribunal

ITAT: Omission to specify exact limb u/s 270A, vitiates penalty proceedings; Deletes penalty for misreporting

May 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-694-ITAT-2026(CHNY)
  • Tax Payer : Mangadu Natarajan Balasundharam
Income tax Appellate Tribunal

ITAT: Upholds deemed dividend u/s 2(22)(e) on interest-bearing loan due to accumulated profits, no money-lending business

May 23, 2026
  • In Favour of Revenue
  • Citation Number : TS-748-ITAT-2026(DEL)
  • Tax Payer : International Management Technologies Pvt. Ltd