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Income tax Appellate Tribunal

ITAT: Commission on accommodation entries cannot be estimated on both purchases and sales

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2026(Mum)
  • Tax Payer : Samnik General Trading Company Pvt. Ltd
Income tax Appellate Tribunal

ITAT: 50% presumptive rate u/s 44ADA inapplicable to business correspondent; Upholds Sec. 44AD declaration

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2026(Mum)
  • Tax Payer : Manoj Rajaram Sharma
Income tax Appellate Tribunal

ITAT: Non-issuance of Sec. 143(2) notice doesn’t invalidate assessment proceedings pursuant to revision order

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2026(Bang)
  • Tax Payer : G Corp Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 263 jurisdiction validly exercised given assessment order ‘erroneous’ for absence of inquiry

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-492-ITAT-2026(CHANDI)
  • Tax Payer : Pavit Pal Singh
High Court

HC: HC: Intentional failure to disclose capital gains, concealment of income; Rejects inadvertent omission plea, confirms penalty

Apr 08, 2026
  • In Favour of Revenue
  • Citation Number : TS-490-HC-2026(MAD)
  • Tax Payer : Sarita Jain
High Court

HC: HC: No scope for fresh notices to reopen completed assessments u/s 170A(2)(a); Quashes notices

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-488-HC-2026(BOM)
  • Tax Payer : Technoforce Solutions (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Activities not profit driven, falls within the ambit of Sec. 2(15), entitled to exemption u/s 11/12

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2026(CHNY)
  • Tax Payer : ICT Academy of Tamil Nadu
High Court

HC: Interest income of Assessee-society, providing credit facilities to members, eligible for deduction u/s 80P(2)(a)(i)

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-486-HC-2026(TEL)
  • Tax Payer : The Ismailia Co-operative Credit Society Ltd
Income tax Appellate Tribunal

ITAT: Interest expense incurred for land acquisition part of business expenditure, correctly accounted in WIP; Deletes addition

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2026(Mum)
  • Tax Payer : Welkin Developers
Income tax Appellate Tribunal

ITAT: Deletes disallowance of trade incentive & brand promotion expenses against P&G, considering as revenue expense

Apr 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2026(Mum)
  • Tax Payer : Procter & Gamble Home Products Ltd
Income tax Appellate Tribunal

ITAT: Upholds 2% estimated commission addition on non-genuine client code modifications by MCX broker

Apr 07, 2026
  • In Favour of Revenue
  • Citation Number : TS-483-ITAT-2026(Ahd)
  • Tax Payer : Javerilal Oswal Commodities Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Disclosure of assets without explanation of source of acquisition; Remands for denovo adjudication

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2026(DEL)
  • Tax Payer : Atanu Banerjee
Income tax Appellate Tribunal

ITAT: ITAT: Upholds addition of undisclosed contractual receipts reflected in Form 26AS; Rejects CCM accounting method

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2026(DEL)
  • Tax Payer : Virgo Softech Limited
Income tax Appellate Tribunal

ITAT: Restores matter as it’s not ascertainable if Rule 46A was complied with by CIT(A)

Apr 07, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-462-ITAT-2026(Mum)
  • Tax Payer : Ameet Ashok Rajput
Income tax Appellate Tribunal

ITAT: Sec. 69 addition unsustainable when cash deposits recorded in books, supported by cash flow

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2026(Bang)
  • Tax Payer : Sakalaspur Veerappiiah Rudrappa Coffee Planter Harakanahally Estate
Income tax Appellate Tribunal

ITAT: Reference to DVO for computation of capital gains & valuation of asset, to be made u/s 55A & not u/s 142A

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2026(CHNY)
  • Tax Payer : Renee Josephine Jaganathan
Income tax Appellate Tribunal

ITAT: No Sec. 69A addition where family’s total declared jewellery exceeds jewellery recovered in search

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2026(DEL)
  • Tax Payer : Nitin Passi
Income tax Appellate Tribunal

ITAT: JDA execution alone doesn't trigger tax if property rights under dispute; Deletes capital gains addition

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2026(Bang)
  • Tax Payer : Bileshivale Muddanna Govardhana Murthy
Income tax Appellate Tribunal

ITAT: Linklaters Singapore’s legal fees not FTS absent 'make available'; 21-day threshold not met for service PE

Apr 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2026(Mum)
  • Tax Payer : Linklaters Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: Notional rent on vacant flats/shops held as stock-in-trade, to be computed under Income from House property

Apr 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2026(Mum)
  • Tax Payer : Haware Engineers and Builders Pvt. Ltd