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Rulings ( 15179 results )

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Income tax Appellate Tribunal

ITAT: Denies political party donation u/s 80GGC sans genuineness; Banking trail alone insufficient

Jul 16, 2026
  • In Favour of Revenue
  • Citation Number : TS-1054-ITAT-2026(Mum)
  • Tax Payer : Manoj Jayram Sarang
Income tax Appellate Tribunal

ITAT: ITAT: Sec. 10(11) addition on EPF interest unsustainable absent actual receipt despite erroneous ITR disclosure

Jul 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-1052-ITAT-2026(Mum)
  • Tax Payer : Manik Pratap Gole
Income tax Appellate Tribunal

ITAT: Institution of suit prohibited in moratorium u/s 14 of IBC; Remands matter to comply with Sec. 156A

Jul 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-1063-ITAT-2026(DEL)
  • Tax Payer : Vikas Wsp Limited
Income tax Appellate Tribunal

ITAT: ITAT: IPL franchise entitled to depreciation on entire franchise rights cost; Upholds cash payment disallowance

Jul 16, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-1062-ITAT-2026(Mum)
  • Tax Payer : Royal Multisports Pvt Ltd., (Formerly known as Jaipur IPL Cricket Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: ITAT: British Airways' ground handling receipts taxable in India; Pooling services not covered by India-UK DTAA

Jul 16, 2026
  • In Favour of Revenue
  • Citation Number : TS-1061-ITAT-2026(DEL)
  • Tax Payer : British Airways Plc.
Income tax Appellate Tribunal

ITAT: Accepts Assessee's suo-moto rectification of pre-incorporation expense claim; Deletes Sec. 270A penalty

Jul 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2026(Bang)
  • Tax Payer : Indo-Russian Helicopters Limited
Income tax Appellate Tribunal

ITAT: ITAT: Rejects premeditated derivative losses crafted to offset taxable income; Upholds addition on fictitious option trades

Jul 16, 2026
  • In Favour of Revenue
  • Citation Number : TS-1057-ITAT-2026(DEL)
  • Tax Payer : Superior Projects LLP
Income tax Appellate Tribunal

ITAT: Receipts being conditional, contingent & disputed, cannot be recognised, sans reasonable certainty; Deletes addition

Jul 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2026(Mum)
  • Tax Payer : Neev Homes Private Limited
High Court

HC: Advances retained as book liabilities not deemed 'forfeited' by efflux of time; Sec. 56(2)(ix) inapplicable

Jul 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-1053-HC-2026(KAR)
  • Tax Payer : Shri Ravi Shankar Shetty
Income tax Appellate Tribunal

ITAT: Revenue cannot deny rebate u/s 87A on Sec. 111A STCG absent express statutory prohibition

Jul 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-1051-ITAT-2026(Mum)
  • Tax Payer : Lisha Gajendra Marlecha
Income tax Appellate Tribunal

ITAT: Corporate support services aren't FTS & doesn't trigger PE; Deletes Sec. 40(a)(i) disallowance on foreign remittance

Jul 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-1050-ITAT-2026(CHNY)
  • Tax Payer : Anixter India Private Limited
High Court

HC: Sec. 275(1)(c) penalty limitation commences if Sec. 274 notice issued by Jt. Commissioner, within 6 months of AO’s proposal

Jul 15, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-1049-HC-2026(KAR)
  • Tax Payer : Ganesh Agarwal
High Court

HC: Quashes assessment for violation of statutory mandate to issue Sec. 143(2) notice before initiating Sec. 158BC proceedings

Jul 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-1048-HC-2026(DEL)
  • Tax Payer : Sun Aero Ltd
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Initial burden to prove benami on Revenue, onus shifts once prima facie case established

Jul 14, 2026
  • In Favour of Revenue
  • Citation Number : TS-1047-PBPTAT-2026(DEL)
  • Tax Payer : Nirmal Katyal HUF
Income tax Appellate Tribunal

ITAT: Amount transferred by Sun Pharma to DRR, provision for ascertained liability, not reserve for computation u/s 115JB

Jul 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-1046-ITAT-2026(Ahd)
  • Tax Payer : Sun Pharma Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Assignment/sale of rent receivable not borrowings u/s 2(28A) & 36(1)(iii), as no liability to repay; TDS order unsustainable

Jul 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-1045-ITAT-2026(CHNY)
  • Tax Payer : OPC Asset Solutions Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Derivative loss not speculative loss u/s 73(4) explanation; Deletes disallowance, treating as business loss

Jul 14, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-1044-ITAT-2026(DEL)
  • Tax Payer : RAAG Vihar Apartments Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 54 exemption covers multiple houses constructed up to number of houses sold, not restricted to one residential house

Jul 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-1043-ITAT-2026(Bang)
  • Tax Payer : Pavan Kumar Agarwal
Income tax Appellate Tribunal

ITAT: Extends stay of demand of approx Rs. 10,833 Cr. to Xiaomi India, citing delay in appeal disposal not attributable to Assessee

Jul 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2026(Bang)
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Unregistered agreement valid for Sec. 50C if banking channel payments proved; Holds Sec. 50C provisos apply retrospectively

Jul 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2026(CHNY)
  • Tax Payer : Aroumougam Pragalanadane