Direct tax Rulings

In Favour of Assessee
Citation Number : TS-627-HC-2026(BOM)
Tax Payer : Pragati Aroma Oil Distillers Private Ltd. (formerly known as M/s. Hindustan Essential Oil Company)

High Court

HC: Reassessment basis manual Form 10 filing, already examined in original assessment, sans tangible material impermissible

May 02, 2026

In Favour of Assessee
Citation Number : TS-625-HC-2026(TEL)
Tax Payer : Piramal Swasthya Management and Research Institute

Income tax Appellate Tribunal

ITAT: ITAT: Sale proceeds from uprooted old rubber trees, constitutes agricultural income, exempt u/s 2(1A) & 10(1)

May 02, 2026

In Favour of Assessee
Citation Number : TS-623-ITAT-2026(CHNY)
Tax Payer : Antony Micheal Joseph

Income tax Appellate Tribunal

ITAT: ITAT: One-time bonus paid to Chief Scientific Officer not part of scientific research, not eligible for deduction u/s 35(2AB)

May 02, 2026

In Favour of Assessee
Citation Number : TS-624-ITAT-2026(DEL)
Tax Payer : Curadev Pharma Pvt. Ltd.

Income tax Appellate Tribunal

ITAT: Nature of benefit, not status of employer at time of retirement to be considered u/s 10(10AA); Grants full exemption

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-622-ITAT-2026(Bang)
Tax Payer : Bindumadavan Prakash

Income tax Appellate Tribunal

ITAT: Securitization Trust income taxable in hands of security receipt holders, not Trust; Rejects AOP status for Trust

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-621-ITAT-2026(Mum)
Tax Payer : Arcil Retail Loan Portfolio-001-H Trust

Income tax Appellate Tribunal

ITAT: Entrepreneurial risks, involvement in design qualifies Assessee as 'developer'; Sec. 80-IA doesn’t mandate infra-facility ownership

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-620-ITAT-2026(CHANDI)
Tax Payer : SPS Construction India Private Ltd

Income tax Appellate Tribunal

ITAT: ‘Project Falcon’ findings are only triggers, not conclusive evidence of tax evasion; Deletes addition u/s 68

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-619-ITAT-2026(Mum)
Tax Payer : Mentor Capital Limited

Income tax Appellate Tribunal

ITAT: Bond interest taxable only after deducting corresponding interest paid to fund provider; Deletes disallowance

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-618-ITAT-2026(Bang)
Tax Payer : Hutchinson & Co. (India) Pvt. Ltd

Income tax Appellate Tribunal

ITAT: Holds purchase of shares to be bogus & non-genuine; Confirms Sec. 69 addition

Apr 30, 2026

In Favour of Revenue
Citation Number : TS-617-ITAT-2026(DEL)
Tax Payer : Dinesh Kumar (HUF)

Income tax Appellate Tribunal

ITAT: Retrospective cancellation of registration invoking Sec. 12AB(4), unjustified as ‘specified violations’

Apr 30, 2026

In Favour of Assessee
Citation Number : TS-613-ITAT-2026(ASR)
Tax Payer : Open Door Welfare Society

Filters

Rulings ( 14756 results )

ITAT: Bonafide procedural delay in filing Form 10B, without malafide intentions, a curable defect; Allows exemption to trust

ITAT: Deletes STCG addition on surrender of tenancy rights; Taxability occurs on alternative permanent accommodation possession

ITAT: Refuses to condone delay of 2856 days as bereft of cogent reasons

ITAT: Right to defend one’s case a natural and inviolable right; Remits for denovo adjudication

ITAT: BSNL eligible for Sec. 35ABB deduction for 3G & BWA services; Deletes Rs. 983Cr. addition u/s 43B & 115JB

HC: Confirms deferred income concept for Mahindra Holidays’ time-share membership fees; Cites not contingent expenditure

ITAT: ITAT: Myntra's receipts towards manpower support services from Flipkart not taxable as FTS sans ‘make available’ condition

HC: No disallowance u/s 40(a)(ia) warranted in cases of short deduction of tax at source

ITAT: ITAT: Disallowance u/s 14 not applicable without exempt income; Relies on SC judgment in Cheminvest

HC: Sec. 10B deduction cannot be capped at 19% sans conclusive evidence of EOU-sister concern arrangement to inflate profit

HC: Reassessment basis manual Form 10 filing, already examined in original assessment, sans tangible material impermissible

ITAT: ITAT: Sale proceeds from uprooted old rubber trees, constitutes agricultural income, exempt u/s 2(1A) & 10(1)

ITAT: ITAT: One-time bonus paid to Chief Scientific Officer not part of scientific research, not eligible for deduction u/s 35(2AB)

ITAT: Nature of benefit, not status of employer at time of retirement to be considered u/s 10(10AA); Grants full exemption

ITAT: Securitization Trust income taxable in hands of security receipt holders, not Trust; Rejects AOP status for Trust

ITAT: Entrepreneurial risks, involvement in design qualifies Assessee as 'developer'; Sec. 80-IA doesn’t mandate infra-facility ownership

ITAT: ‘Project Falcon’ findings are only triggers, not conclusive evidence of tax evasion; Deletes addition u/s 68

ITAT: Bond interest taxable only after deducting corresponding interest paid to fund provider; Deletes disallowance

ITAT: Holds purchase of shares to be bogus & non-genuine; Confirms Sec. 69 addition

ITAT: Retrospective cancellation of registration invoking Sec. 12AB(4), unjustified as ‘specified violations’