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Rulings ( 14701 results )

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Income tax Appellate Tribunal

ITAT: Sec. 153D approval granted on same day of AO’s application without examining material on record, mechanical & invalid

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-583-ITAT-2026(DEL)
  • Tax Payer : JBM Auto System
High Court

HC: Confirms Trust's registration cancellation for abuse of funds, but clarifies retrospective effect impermissible

Apr 23, 2026
  • In Favour of Revenue
  • Citation Number : TS-581-HC-2026(MAD)
  • Tax Payer : Ponnaiyah Ramajeyathammal Educational And Charitable Trust
Income tax Appellate Tribunal

ITAT: STCG on sale of derivatives exempt under Article 13(4) of DTAA; Cites derivatives & shares as distinct assets

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2026(DEL)
  • Tax Payer : Em Delta One
Income tax Appellate Tribunal

ITAT: Trust’s box donations utilized for construction constitutes non-taxable capital receipts despite no registration u/s 12AA

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2026(NAG)
  • Tax Payer : Shree Sant Bhojaji Maharaj Deosthan Ajansara
Income tax Appellate Tribunal

ITAT: Compensation received from RERA taxable as LTCG, not as IoS u/s 56

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-572-ITAT-2026(DEL)
  • Tax Payer : Prem Narayan Chaurasia
Income tax Appellate Tribunal

ITAT: Salary reimbursement to Goldman Sachs’ seconded employees, not taxable as FTS

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2026(Mum)
  • Tax Payer : Goldman Sachs International
Income tax Appellate Tribunal

ITAT: Quashes Sec. 68 addition on cash-deposit duly explained by disclosed property sale with evidence

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2026(Mum)
  • Tax Payer : Hansa Harischandra Thakur
Income tax Appellate Tribunal

ITAT: Confirms Sec. 147 jurisdiction despite Sec. 153C route for proceedings basis third party search

Apr 22, 2026
  • In Favour of Revenue
  • Citation Number : TS-556-ITAT-2026(DEL)
  • Tax Payer : Vinosha Trade Pvt. Ltd
Income tax Appellate Tribunal

ITAT: 'DD' code reference insufficient to link seized material to Late Ajit Pawar; Quashes Sec. 153C order

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2026(Mum)
  • Tax Payer : Sunetra Ajit Pawar (Legal Heir of Late Shri Ajit Anantrao Pawar)
High Court

HC: Failure to pass speaking order & provide Revenue opportunity for examination of fresh evidence, vitiates CIT(A) order

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-574-HC-2026(J & K)
  • Tax Payer : Kamraz Rural Bank
Income tax Appellate Tribunal

ITAT: No capital gain arose as sale deed declared void; Deletes LTCG addition made on protective basis

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2026(Ahd)
  • Tax Payer : Suraj Jayantilal Patel L/H of Late Jayantilal Joitaram patel
Income tax Appellate Tribunal

ITAT: Sec. 54F deduction cannot be denied sans additional documents; JDA valid evidence for construction of residence

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2026(Bang)
  • Tax Payer : Javaji Naga Darshan
Income tax Appellate Tribunal

ITAT: TDS credit to be granted to deductee if tax is paid & reflected in accounts; Remands matter for verification

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-570-ITAT-2026(HYD)
  • Tax Payer : Transmission Corporation of Telangana Ltd
Income tax Appellate Tribunal

ITAT: Lack of nexus between withdrawals & deposits defeats telescoping claim; Confirms reopening & addition u/s 69A

Apr 21, 2026
  • In Favour of Revenue
  • Citation Number : TS-558-ITAT-2026(Mum)
  • Tax Payer : Naseer Ahamed
Income tax Appellate Tribunal

ITAT: Execution of JDA sans consideration & absolute possession, not ‘transfer’ u/s 45; Deletes LTCG addition

Apr 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2026(HYD)
  • Tax Payer : Vasudeva Rao Dhannavada
Income tax Appellate Tribunal

ITAT: Source of source documentation mandatory u/s 68 proviso for unsecured loans addition; Restores matter

Apr 21, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2026(Mum)
  • Tax Payer : Jumbo Electronics Corporation Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Amount utilized before filing return need not be deposited in capital gain account; Allows Sec. 54F deduction

Apr 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2026(DEL)
  • Tax Payer : Ashok Bansal
Income tax Appellate Tribunal

ITAT: Jio USA’s receipts for voice termination services not Royalty/FTS, taxable as business profits

Apr 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2026(Mum)
  • Tax Payer : Reliance Jio Infocomm USA Inc.
Income tax Appellate Tribunal

ITAT: Validates best judgment assessment u/s 144 after persistent non compliance by Assessee

Apr 21, 2026
  • In Favour of Revenue
  • Citation Number : TS-564-ITAT-2026(Ahd)
  • Tax Payer : Pradipsinh Devendrasinh Gohil
High Court

HC: Machinery replacement creating enduring benefit constitutes capital expenditure, not revenue expenditure

Apr 21, 2026
  • In Favour of Revenue
  • Citation Number : TS-562-HC-2026(MAD)
  • Tax Payer : Super Spinning Mills Ltd