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Rulings ( 14797 results )

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Income tax Appellate Tribunal

ITAT: Business decisions for reorganization cannot be questioned without proof of sham; Cites bonafide transfer u/s 47(iv)

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2026(CHNY)
  • Tax Payer : Valeo Bayen
Supreme Court

SC: Hands Revenue an important re-assessment win, relies on Calcutta Discount & Phool Chand ratio

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-675-SC-2026
  • Tax Payer : Sanand Properties P. Ltd
Income tax Appellate Tribunal

ITAT: Quashes penalty u/s 271D as time-barred; Date of reference by AO triggers penalty initiation

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2026(HYD)
  • Tax Payer : Smitha Aailaboyina
Income tax Appellate Tribunal

ITAT: First proviso to Sec. 68 applies to companies & not partnership firms; Affirms deletion of addition

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2026(Mum)
  • Tax Payer : P Vijaykumar & CO
Income tax Appellate Tribunal

ITAT: Interest paid directly to lenders not taxable in loan facilitator’s hands; Disallows TDS credit

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2026(Bang)
  • Tax Payer : Bharath Bail
Income tax Appellate Tribunal

ITAT: CIT(A) not obliged to seek remand report while exercising powers u/s 250(4); Upholds interest exemption

May 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2026(DEL)
  • Tax Payer : National Association of Software and Service Companies
High Court

HC: Statutory definition of Jt. Commissioner includes Addl. Commissioner for penalty approval; Rejects narrow interpretation

May 12, 2026
  • In Favour of Revenue
  • Citation Number : TS-669-HC-2026(KER)
  • Tax Payer : The Service Cooperative Bank Limited
Income tax Appellate Tribunal

ITAT: ITAT: Invoices & banking documents insufficient to establish genuineness for accommodation entries

May 11, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2026(Ahd)
  • Tax Payer : Sajan Overseas Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Re-sending notice after limitation period doesn't cure jurisdictional defects; Quashes reassessment

May 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2026(CHNY)
  • Tax Payer : Kuttiappagounder Duraiyan
Income tax Appellate Tribunal

ITAT: ITAT: Allows SBI's pension provision as actuarially valued accrued liability, as not contingent liability

May 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2026(Mum)
  • Tax Payer : State Bank of India
Income tax Appellate Tribunal

ITAT: ITAT: Ambulance services with medical technicians constitute professional services u/s 194J; Rejects works contract plea

May 11, 2026
  • In Favour of Revenue
  • Citation Number : TS-666-ITAT-2026(Mum)
  • Tax Payer : State Health Society Maharashtra
Income tax Appellate Tribunal

ITAT: ITAT: Penalty proceedings u/s 270A ‘invalid’ sans recording of satisfaction in assessment order

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2026(CHNY)
  • Tax Payer : Shariq Javed
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69 addition for unexplained investment, FMV & stamp duty difference below 10%

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2026(Ahd)
  • Tax Payer : Deepak Parmanandbhai Nimbark
Income tax Appellate Tribunal

ITAT: Denies Sec. 54 exemption due to investment in ‘plinth’ instead of ‘residential property’ & failure to deposit unutilized gains in capital gains account

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2026(LKW)
  • Tax Payer : Raghav Kapoor Chand Gupta
High Court

HC: Reassessment invalid basis change of opinion on issue accepted during original assessment u/s 143(3)

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-657-HC-2026(BOM)
  • Tax Payer : Muniwar Abad Charitable Trust
High Court

HC: Quashes criminal proceedings for lack of jurisdiction & absence of penalty u/s 271(f); Relies on K.C. Builder ruling

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-658-HC-2026(MAD)
  • Tax Payer : B.Mohammad Iqbal
High Court

HC: Quashes Sec. 143(2)/142(1) notice issued to Reliance as barred by limitation & issued in name of non-existing company

May 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-663-HC-2026(BOM)
  • Tax Payer : Reliance Industries Limited
Income tax Appellate Tribunal

ITAT: ITAT: Loans to sister concerns/related party, not 'colourable device'; Deletes addition u/s 68

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2026(HYD)
  • Tax Payer : PTG Estates LLP
Income tax Appellate Tribunal

ITAT: ITAT: Quashes adjustment u/s 143(1) sans prior intimation to Assessee as required under first proviso to Sec. 143(1)(a)

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2026(HYD)
  • Tax Payer : Aragorn Renewable Energy Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Non-issuance of statutorily mandated Sec. 143(2) notice, vitiates assessment, despite belated filing of return

May 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2026(LKW)
  • Tax Payer : Arun Kumar Maurya