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Rulings ( 15058 results )

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Income tax Appellate Tribunal

ITAT: ITAT: DRP directions binding in nature, no discretion for selective implementation; Remands matter

Jun 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2026(DEL)
  • Tax Payer : Isha Kacker
Income tax Appellate Tribunal

ITAT: ITAT: Mckinsey’s receipts from ‘borrowed services’, neither FTS nor taxable as business profits, sans PE in India

Jun 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2026(Mum)
  • Tax Payer : Mckinsey & Company Lme Limited
Income tax Appellate Tribunal

ITAT: ITAT: NRI must substantiate proximate travel expenses incurred wholly & exclusively for transfer; Remands claim

Jun 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-930-ITAT-2026(Bang)
  • Tax Payer : Santanu Arun Nandi
Income tax Appellate Tribunal

ITAT: ITAT: Cannot rely on unaudited draft financials for valuation of unquoted equity shares under Rule 11UA

Jun 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-932-ITAT-2026(CHNY)
  • Tax Payer : Geo Finanace Petroleum SA
Income tax Appellate Tribunal

ITAT: ITAT: Teaching professionals engaged as consultants, not employees, subject to TDS u/s 194J & not u/s 192

Jun 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-931-ITAT-2026(COCH)
  • Tax Payer : Brilliant Study Centre Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Registration granted u/s 12A during pending assessment applies retrospectively to earlier AYs

Jun 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-929-ITAT-2026(AGR)
  • Tax Payer : Shri 1008 Digambar Jain Atishay Kshetra Papoura Ji
Income tax Appellate Tribunal

ITAT: ITAT: Ignoring 'audi alteram partem maxim' renders revision order legally fragile, but curable defect; Restores issue

Jun 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-928-ITAT-2026(AGR)
  • Tax Payer : Narendra Kumar
Income tax Appellate Tribunal

ITAT: ITAT: Quashes penalty u/s 271E as primary assessment proceedings being null & void, for lack of jurisdiction

Jun 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-925-ITAT-2026(CHNY)
  • Tax Payer : Rathinam Viswanathan
Income tax Appellate Tribunal

ITAT: No Sec. 69A addition where cash deposits during demonetisation linked to recorded milk sales

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-924-ITAT-2026(Mum)
  • Tax Payer : Pushpavati Janardhan Rao
Income tax Appellate Tribunal

ITAT: Quashes Sec. 68 addition on recycled accommodation entry, cites no evidence of fresh cash infusion

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2026(Mum)
  • Tax Payer : Madhuban Motors Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment orders & notices due to absence of territorial jurisdiction

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-927-ITAT-2026(PAT)
  • Tax Payer : Dream Projects
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271(1)(c) penalty for failure to file return absent intention to evade tax

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-926-ITAT-2026(Ahd)
  • Tax Payer : Sanjoy Santosh Sikdar
Income tax Appellate Tribunal

ITAT: Allows Sec. 80P deduction, rules nominal members under State law do not defeat co-op benefits

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-904-ITAT-2026(Bang)
  • Tax Payer : Panchagangavali Souharda Credit Cooperative Ltd
Income tax Appellate Tribunal

ITAT: Deletes commission disallowance; Rejects AO's isolated Sec. 145A closing stock adjustment as it distorts profit

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-923-ITAT-2026(Mum)
  • Tax Payer : Siemens Limited
Income tax Appellate Tribunal

ITAT: Confirms Sec.69A addition citing GSTR discrepancy with receipts & no cogent reasons substantiating genuineness

Jun 23, 2026
  • In Favour of Revenue
  • Citation Number : TS-922-ITAT-2026(DEL)
  • Tax Payer : Lokesh Thakur
High Court

HC: Systemic tech failures cannot deny Assessee's statutory rights; Grants refund interest u/s 244A till payment date

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-917-HC-2026(BOM)
  • Tax Payer : Bedmutha Industries Limited
Income tax Appellate Tribunal

ITAT: Legal services by law-firms, not FTS; Deletes addition pertaining to profit share of non-UK partners

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-920-ITAT-2026(DEL)
  • Tax Payer : Herbert Smith Freehills LLP
Income tax Appellate Tribunal

ITAT: Sans presumptive hallmarks of sham transaction, Assessee entitled to LTCG exemption; Addition u/s 68 unjustified

Jun 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-919-ITAT-2026(JODH)
  • Tax Payer : Madan Lal Paliwal
High Court

HC: Unsubstantiated belated retraction of statement u/s 132(4) by filing ITR/explanations, unacceptable; Confirms addition u/s 69

Jun 22, 2026
  • In Favour of Revenue
  • Citation Number : TS-918-HC-2026(KAR)
  • Tax Payer : Kudlur Ramaswamy Sathyanarayana
Income tax Appellate Tribunal

ITAT: Purchase of subsidiary's units not strategic business transaction but investment, sales profit taxable as “Capital Gain”

Jun 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2026(Mum)
  • Tax Payer : Kohinoor Planet Constructions Private Limited