Rulings ( 15364 results )

HC: BIOSOT performing sovereign welfare functions immune from Union taxation under Article 289(1); Quashes notice u/s 226(3)

  • In Favour of Assessee
  • Citation Number : TS-1248-HC-2026(TEL)
  • Tax Payer : The Biodiversity Conservation Society of Telangana (BIOSOT)

ITAT: Disallowance u/s 43B unsustainable on unclaimed GST liability in profit & loss account

  • In Favour of Assessee
  • Citation Number : TS-1244-ITAT-2026(Bang)
  • Tax Payer : M Monks Digital Media

ITAT: Upholds Sec. 263 revision for AO's failure to invoke Sec. 69A/69B on undisclosed investment & cash

  • In Favour of Assessee
  • Citation Number : TS-1225-ITAT-2026(PAT)
  • Tax Payer : Mohammed Tanweer Alam

ITAT: Deletes Sec. 69A protective addition for seized jewellery, as already substantively assessed in owner’s hands

  • In Favour of Assessee
  • Citation Number : TS-1242-ITAT-2026(Mum)
  • Tax Payer : Dev Kishan Joshi

ITAT: TDS deduction or payer’s accounting treatment cannot establish accrual of income sans any proof of services rendered; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-1243-ITAT-2026(Mum)
  • Tax Payer : Ajr Oil And Gas Engineering Services

ITAT: Sets aside Sec. 271B penalty for F&O turnover verification under ICAI Guidance Note; Remits back for denovo adjudication

  • In Favour of Assessee
  • Citation Number : TS-1240-ITAT-2026(Mum)
  • Tax Payer : Yashwant Hiralal Thakar

HC: Quashes CIT(A), ITAT orders on incorrect tax computation; Directs fresh Sec. 234B interest calculation

  • In Favour of Assessee
  • Citation Number : TS-1227-HC-2026(DEL)
  • Tax Payer : Maharishi Education Corporation Pvt Ltd

ITAT: Outstanding trade liability recorded in books sans any write off or remission, not cessation u/s 41(1)

  • In Favour of Assessee
  • Citation Number : TS-1247-ITAT-2026(Ahd)
  • Tax Payer : Shree Saras Spices And Food Private Limited

ITAT: Deletes disallowance of depreciation on goodwill against Capgemini, as transaction not a colorable device

  • In Favour of Assessee
  • Citation Number : TS-1246-ITAT-2026(PUN)
  • Tax Payer : Capgemini Technology Services India Limited (Previously known as Aricent Technologies Holdings Ltd.)

ITAT: Buy-back receipts of non-resident company outside Sec. 5(2) scope; Rejects Sec. 56(2)(viia) invocation

  • In Favour of Assessee
  • Citation Number : TS-1245-ITAT-2026(DEL)
  • Tax Payer : Gamma Pizzakraft Lanka (Pvt.) Ltd

ITAT: Advance is fund outflow, not undisclosed income; Sec. 132(4) surrender alone doesn't trigger Sec. 271AAB penalty

  • In Favour of Assessee
  • Citation Number : TS-1237-ITAT-2026(JPR)
  • Tax Payer : Kanhaiyalal Rameshwar Das

ITAT: Lack of technology transfer renders US entity's SaaS receipts non-FIS, fails make available test

  • In Favour of Assessee
  • Citation Number : TS-1239-ITAT-2026(DEL)
  • Tax Payer : Branch Metrics Inc

ITAT: Tax authorities bound by approved IBC-Plan; IndusInd General Insurance's antecedent tax proceedings extinguished

  • In Favour of Assessee
  • Citation Number : TS-1236-ITAT-2026(Mum)
  • Tax Payer : Indusind General Insurance Company Limited (Formerly Reliance General Insurance Company Limited)

HC: Double taxation due to timing of tax orders qualifies as error, rectifiable u/s 264; Remands matter

  • In Favour of Assessee
  • Citation Number : TS-1235-HC-2026(TEL)
  • Tax Payer : Premier Solar Power tech Private Limited

ITAT: Assessee not liable for broker manipulation sans proof of price-rigging link; Deletes penny stock addition

  • In Favour of Assessee
  • Citation Number : TS-1234-ITAT-2026(Ahd)
  • Tax Payer : Payal Manan Shah

ITAT: Quashes Sec. 271D penalty for being barred by limitation specified u/s 275(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-1233-ITAT-2026(DEL)
  • Tax Payer : Daya Kishan

ITAT: Quashes Sec. 263 revision; AO’s discretionary penalty initiation cannot make assessment erroneous

  • In Favour of Assessee
  • Citation Number : TS-1232-ITAT-2026(Ahd)
  • Tax Payer : Kamalkant Bhagwatiprasad Oza

ITAT: Retrospective Sec. 147A amendment cannot trigger Sec. 254(2) rectification of pre-amendment ITAT order

  • In Favour of Assessee
  • Citation Number : TS-1230-ITAT-2026(HYD)
  • Tax Payer : Mohd. Shoaib Ur Rahman

ITAT: Sec. 237 mandates TDS refund after Nil assessment; Rejects denial based on hyper-technical grounds

  • In Favour of Assessee
  • Citation Number : TS-1231-ITAT-2026(DEL)
  • Tax Payer : D.B. Engineering P. Ltd

ITAT: ITAT: Business commencement date cannot override legal incorporation date for Sec. 54GB exemption

  • In Favour of Revenue
  • Citation Number : TS-1229-ITAT-2026(HYD)
  • Tax Payer : Kamal Chand Jain