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Rulings ( 14973 results )

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Income tax Appellate Tribunal

ITAT: No doctrine of merger exists between orders u/s 143(1) vis-a-vis u/s 143(3), as Sec. 143(1), 143(3), & 144 operate Independently

Jun 10, 2026
  • In Favour of Revenue
  • Citation Number : TS-851-ITAT-2026(DEL)
  • Tax Payer : Marmo Home Private Limited
High Court

HC: Sec. 115BBE amendment, enhancing tax-rate to 60%, applies prospectively sans express language for retrospective effect

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-849-HC-2026(RAJ)
  • Tax Payer : Deepak Maratha
Income tax Appellate Tribunal

ITAT: Repayment of loan not taxable as unexplained expenditure u/s 69C sans P&L expense claim

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2026(Mum)
  • Tax Payer : M.A. Trading Products
Income tax Appellate Tribunal

ITAT: Ex-gratia severance compensation received upon employment termination a capital receipt, not taxable as salary

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-840-ITAT-2026(Mum)
  • Tax Payer : Swati Sameer Joshi
Income tax Appellate Tribunal

ITAT: DTVSV scheme settles disputes but doesn't obliterate reassessment orders; Sec. 154 application within limitation

Jun 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2026(Mum)
  • Tax Payer : Pushkar Chemical and Fertilisers Ltd
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