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Rulings ( 15036 results )

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Income tax Appellate Tribunal

ITAT: Partly deletes Sec. 69A addition; Cash already taxed in preceding AY cannot be taxed again

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-911-ITAT-2026(CHNY)
  • Tax Payer : Sengodan Govindarajan
Income tax Appellate Tribunal

ITAT: Restricts Sec. 69A cash-deposit addition to 15% being profit element from transport receipts; Gross turnover cannot be taxed

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2026(CHNY)
  • Tax Payer : Sennakrishnan Venkatachalam
Income tax Appellate Tribunal

ITAT: ITAT: Application filed for registration u/s 80G(5) post-amendment valid, cites within timeframe as per CBDT circulars

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-888-ITAT-2026(ASR)
  • Tax Payer : Kukreja Charitable Foundation
High Court

HC: HC: Remands Sec. 119(2)(b) condonation plea rejected mechanically by applying subsequent restrictive CBDT circular

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-910-HC-2026(KER)
  • Tax Payer : SURESH VELU ELLATHUKALATHIL
High Court

HC: HC: Quashes reassessment on Sec. 80-IA deduction, as accepted during original assessment; Change of opinion impermissible

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-906-HC-2026(BOM)
  • Tax Payer : Chennai Container Terminal Pvt.Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Restricts Sec. 69A addition on agricultural overdraft cash deposits to 50% sans contrary material/evidence

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-913-ITAT-2026(CHNY)
  • Tax Payer : Govindaraj Ravichandran
Income tax Appellate Tribunal

ITAT: ITAT: Sans actual fund misutilization abroad Sec. 11 violations cannot be presumed; Allows Sec. 12AB registration

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-909-ITAT-2026(Mum)
  • Tax Payer : Inspira Global Foundation
Income tax Appellate Tribunal

ITAT: ITAT: Cannot deny exemption u/s 54 on hypertechnical grounds; Beneficial provision deserves liberal interpretation

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2026(CHNY)
  • Tax Payer : Palani Vel Rajan
Income tax Appellate Tribunal

ITAT: ITAT: Withholding condoned delay refunds tantamounts to unjust enrichment by Revenue; Allows TDS refund

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-892-ITAT-2026(DEL)
  • Tax Payer : Gurcharan Singh Bhatia
Income tax Appellate Tribunal

ITAT: ITAT: WhatsApp chats, alone, insufficient evidence sans supporting corroborative material; Deletes additions

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-887-ITAT-2026(Ahd)
  • Tax Payer : Dhaval Patel
Income tax Appellate Tribunal

ITAT: ITAT: Receiving NCD interest from buyer instead of issuer doesn't alter tax character; Taxable as IFoS, not capital gains

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2026(DEL)
  • Tax Payer : Macquarie SBI Infrastructure Investments Pte Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Disallows derivative loss as non-genuine basis co-ordinated & premediated bogus trading

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2026(DEL)
  • Tax Payer : Ravi Prakash Aggarwal
Income tax Appellate Tribunal

ITAT: Sec. 54 deduction allowable on allotment of under-construction flat despite non-possession & non-registration

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2026(Mum)
  • Tax Payer : Vaibhav Vijay Sawant
Income tax Appellate Tribunal

ITAT: Allows Sec. 80P deduction on interest income of cooperative society; Distinguishes Totagar Ruling

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2026(Bang)
  • Tax Payer : Kundapura Vyavasaya Seva Sahakari Sangha
Income tax Appellate Tribunal

ITAT: Deletes Sec. 56(2)(x) addition, applies retrospective 10% safe harbour limit

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2026(Mum)
  • Tax Payer : Jeevak Constructions LLP
Income tax Appellate Tribunal

ITAT: Assessee eligible for Sec. 54F deduction despite non-receipt of possession due to builder dispute

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-895-ITAT-2026(Mum)
  • Tax Payer : Balgopal Trust
High Court

HC: EY US retains overarching control & employee lien during India secondments, satisfies make available test

Jun 18, 2026
  • In Favour of Revenue
  • Citation Number : TS-903-HC-2026(DEL)
  • Tax Payer : Ernst And Young U.S. LLP
High Court

HC: Addl. Commissioner lacks jurisdiction to pass order u/s 271D sans authorization; Penalty order vitiated without satisfaction

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-901-HC-2026(TEL)
  • Tax Payer : Ramoji Rao and another
Income tax Appellate Tribunal

ITAT: No deduction u/s 80IB(10) if specific plot of land for housing project below statutory requirement of 1 acre

Jun 18, 2026
  • In Favour of Revenue
  • Citation Number : TS-900-ITAT-2026(COCH)
  • Tax Payer : P.V. Hemalatha
Income tax Appellate Tribunal

ITAT: Prior year loss disallowances cannot be remedied in later years; Rejects capital gains set-off against STCL

Jun 18, 2026
  • In Favour of Revenue
  • Citation Number : TS-893-ITAT-2026(DEL)
  • Tax Payer : Tanisha Chaudhary