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Rulings ( 14958 results )

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Income tax Appellate Tribunal

ITAT: Special Bench rules extended reassessment timeline applies to non-residents; No distinction b/w residents & NR u/s 149

Jun 08, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-835-ITAT-2026(Mum)
  • Tax Payer : Jaspal Singh Sahney as Executor of late Devinder Singh Sahney
Income tax Appellate Tribunal

ITAT: Holds taxpayer’s accounting policy of revenue recognition for extended warranty, inconsonance with AS-9 & ICDS

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2026(Mum)
  • Tax Payer : Onsite Electro Services Private Limited
Income tax Appellate Tribunal

ITAT: AO erred in valuing underlying company shares instead of shares actually purchased; Deletes addition

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-832-ITAT-2026(Mum)
  • Tax Payer : Kanchan Markhedkar
Income tax Appellate Tribunal

ITAT: McAfee software sales cannot be royalty if copyright not transferred; AO to assess correct income, remits matter

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2026(Mum)
  • Tax Payer : McAfee Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: AO cannot travel beyond Tribunal directions while passing order giving effect; Deletes addition

Jun 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-830-ITAT-2026(CHNY)
  • Tax Payer : Kaipathur Venkatakrishnan
Income tax Appellate Tribunal

ITAT: Only embedded profit from bogus purchases can be added where genuineness of purchases are proved

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-829-ITAT-2026(Mum)
  • Tax Payer : Marvell Nutex Pvt Ltd
Income tax Appellate Tribunal

ITAT: Bad debt write-off allowable u/s 36(1)(vii) & subsequent recovery doesn't preclude deduction

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-828-ITAT-2026(DEL)
  • Tax Payer : Aamby Valley Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition, validates demonetization-period cash as genuine business advances despite VAT non-compliance

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2026(DEL)
  • Tax Payer : Rakesh Kumar
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 43 of BMA on foreign assets disclosed in Sec. 153C return sans addition

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2026(Ahd)
  • Tax Payer : Anshul Darshan Shah
Income tax Appellate Tribunal

ITAT: Denies Sec. 80P deduction for invalid belated ITR filed after completion of assessment

Jun 06, 2026
  • In Favour of Revenue
  • Citation Number : TS-808-ITAT-2026(Bang)
  • Tax Payer : Adat Farmers Service Co-operative Bank Ltd
High Court

HC: Upholds Sec. 69 addition on unexplained investment lacking transfer or ownership documents

Jun 06, 2026
  • In Favour of Revenue
  • Citation Number : TS-822-HC-2026(MAD)
  • Tax Payer : Seyadu Beedi Company
Income tax Appellate Tribunal

ITAT: Unexplained cash addition solely on third party statement, unsustainable; Sec. 132(4A) presumption inapplicable sans corroboration, cross-examination

Jun 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2026(DEL)
  • Tax Payer : Jagdeep Singh Gill
Income tax Appellate Tribunal

ITAT: Confirms Sec. 69A addition towards cash deposit during demonetization, relying on unbiased google data used by AO

Jun 05, 2026
  • In Favour of Revenue
  • Citation Number : TS-827-ITAT-2026(DEL)
  • Tax Payer : Garima Leather Exports
Income tax Appellate Tribunal

ITAT: No time limit extension by TOLA for Black Money Act assessments; Holds assessment order u/s 10(3) as time-barred

Jun 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-826-ITAT-2026(DEL)
  • Tax Payer : Bindu Todi
Income tax Appellate Tribunal

ITAT: FMV of tenancy rights on surrender date constitutes CoA of permanent alternate accommodation under redevelopment

Jun 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2026(Mum)
  • Tax Payer : Sarjit Ghanshyam Desai
High Court

HC: Foreign remittance by Vedanta to NR parent company not allowable as reimbursement sans break-up of expenses

Jun 05, 2026
  • In Favour of Revenue
  • Citation Number : TS-821-HC-2026(MAD)
  • Tax Payer : Vedanta Limited, (Successor in Interest to Cairn India Limited)
Income tax Appellate Tribunal

ITAT: Oyo's FEMA compliant investments aren’t unaccounted money; Deletes addition u/s 56(2)(viib) rejecting share revaluation

Jun 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2026(DEL)
  • Tax Payer : OYO Hotels And Homes Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Not ‘wholly & substantially financed by Government’ if grant is below 50%; Ineligible for exemption u/s 10(23C)(iiiab)

Jun 04, 2026
  • In Favour of Revenue
  • Citation Number : TS-813-ITAT-2026(RAI)
  • Tax Payer : Hidayatullah National Law University HNLU Campus
Income tax Appellate Tribunal

ITAT: Rejects invocation of revisionary proceedings to determine profits u/s 43CB, as inapplicable to builder/developer

Jun 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-818-ITAT-2026(Mum)
  • Tax Payer : Jaydeep Construction
Income tax Appellate Tribunal

ITAT: ITAT: Employees’ five day visit not sufficient to establish existence of PE; No income attributable to Imax Corporation

Jun 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-817-ITAT-2026(DEL)
  • Tax Payer : IMAX Corporation