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Rulings ( 14237 results )

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Income tax Appellate Tribunal

ITAT: Sec. 56(2)(vii)(b) addition unsustainable on agricultural land, excluded from capital asset u/s 2(14)

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2026(DEL)
  • Tax Payer : Vikas Agarwal
Income tax Appellate Tribunal

ITAT: AO not empowered to reopen, revise, or rectify the assessment u/s 154 post settlement under DTVsV

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-106-ITAT-2026(DEL)
  • Tax Payer : ICRA Ltd
Income tax Appellate Tribunal

ITAT: Providing essential facilities in IT/Software Park qualifies as PGBP, not income from house property

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2026(DEL)
  • Tax Payer : Advant IT Park Private Ltd
Income tax Appellate Tribunal

ITAT: Penalty towards delayed supply to Government, compensatory in nature, allowable u/s 37(1)

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2026(DEL)
  • Tax Payer : AXA Parenterals Limited
High Court

HC: Quashes criminal prosecution post compounding; Inordinate delay makes continued TDS prosecution an abuse of criminal process law

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-110-HC-2026(CAL)
  • Tax Payer : Jyotsana Investments Company Limited
Income tax Appellate Tribunal

ITAT: Declines 297 days delay condonation; Rejects Assessee’s plea of management change sans corroborative evidence

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2026(HYD)
  • Tax Payer : Agricultural Market Committee
Income tax Appellate Tribunal

ITAT: ITAT: Penalty is quasi-criminal; Clear & specific satisfaction is sine qua non for levy u/s 271(1)(c)

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2026(Mum)
  • Tax Payer : Alka Ashok Jagtap
High Court

HC: Search in FY 2024-25 cannot trigger reassessment for AY 2015-16 due to limitation bar; Quashes reassessment notice

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-104-HC-2026(GUJ)
  • Tax Payer : Jayantibhai Karamshibhai Maniya
Income tax Appellate Tribunal

ITAT: Automatic re-investment of dividends doesn't create ‘undisclosed assets’; Deletes BMA addition

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2026(Mum)
  • Tax Payer : Ketan Ramesh Dhamanaskar
Income tax Appellate Tribunal

ITAT: Quashes block assessment as time-barred for being passed beyond 2-year limit u/s 158BE

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2026(DEL)
  • Tax Payer : Vivek Chanana L/H of Late Shri O.P. Chanana
Income tax Appellate Tribunal

ITAT: Investment of capital-gains in land purchased in spouse's name not eligible for Sec. 54B exemption

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2026(DEL)
  • Tax Payer : Adel Saini
Income tax Appellate Tribunal

ITAT: Reassessment u/s 147 void ab initio sans valid Sec. 143(2) notice with DIN

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2026(DEL)
  • Tax Payer : Lalita Agarwal
Income tax Appellate Tribunal

ITAT: Definition u/s 2(24)(iv) cannot create tax liability, charging section mandatory for additions; Deletes addition u/s 28(i)

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2026(DEL)
  • Tax Payer : Jag Mohan
Income tax Appellate Tribunal

ITAT: Incriminating materials found in first search, can't be used for Sec.153A assessment initiated after second search; Quashes assessment

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2026(DEL)
  • Tax Payer : Amolak Singh Bhatia
Income tax Appellate Tribunal

ITAT: Interest income derived from FDs in nationalized bank not eligible for deduction u/s 80P(2)(d)

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2026(HYD)
  • Tax Payer : UOH Staff Cooperative Credit Society Limited
High Court

HC: When husband gets VsV benefit, wife cannot be denied; Rules spousal incomes cannot be taxed independently u/s 5A

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-98-HC-2026(BOM)
  • Tax Payer : Sharen Nitin Naik
High Court

HC: Inspection of seized articles valid for ‘any purpose’ of the Statute; Upholds notices under Rule 112(13)

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-97-HC-2026(CAL)
  • Tax Payer : Miraj Digvijay Shah
Income tax Appellate Tribunal

ITAT: ITAT: Sec. 56(2)(x) an anti-abuse shield, not tool to tax natural accretion; Cannot tax legitimate capital appreciation in OCCRPS conversion

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2026(Mum)
  • Tax Payer : Fairbridge capital (Mauritius) Limited
High Court

HC: Quashes Rs.1,284 Cr ICDS adjustment on Rallis India over procedural lapse; Rejects Revenue’s ‘alternate remedy’ objection

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-95-HC-2026(BOM)
  • Tax Payer : Rallis India Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 56(2)(vii)(b) addition; Tolerance proviso curative & applies retrospectively

Jan 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-94-ITAT-2026(Mum)
  • Tax Payer : Nilesh Pravinchandra Doshi