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Income tax Appellate Tribunal

ITAT: No Sec. 56(2)(viib) addition on valid CA valuation, cites Merchant Banker Rule not applicable

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2026(DEL)
  • Tax Payer : Lord Shiva Construction Co. Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remands to AO for addressing mismatch in reporting of warranty provision as per IND AS 37

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2026(DEL)
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Reaffirms binding nature of jurisdictional precedents; CPC cannot settle "debatable issues" u/s 143(1) intimations

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2026(Bang)
  • Tax Payer : CAE Simulation Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Non-compliance of statutory mandate u/s 148B leads to assessments as non-est; Quashes assessments

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2026(DEL)
  • Tax Payer : Vijay Kumar Agarwal
Income tax Appellate Tribunal

ITAT: Quashes assessment framed u/s 153C for AY 2015-16 as beyond the block period of preceding 6 AYs

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2026(DEL)
  • Tax Payer : Padma Logistics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition citing Revenue’s failure to make proper verification of details submitted by Assessee

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2026(Ahd)
  • Tax Payer : H R Motors
Income tax Appellate Tribunal

ITAT: ITAT: Images of computer screens are inadmissible secondary electronic evidences, not primary evidence; Quashes assessment

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2026(DEL)
  • Tax Payer : Balar Marketing Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Rejects "virtual service PE" claim against E&Y(EMEIA), cites physical presence sine qua non for service PE

Mar 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2026(DEL)
  • Tax Payer : Ernst & Young (EMEIA) Services Ltd
High Court

HC: Recording separate reasons for each year despite common incriminating material, mandatory; Upholds special audit

Mar 30, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-439-HC-2026(DEL)
  • Tax Payer : Huawei Telecommunications (India) Company Pvt. Ltd
High Court

HC: HC: AO bound by higher authorities' rulings on taxability; Affirms denial of NIL withholding certificate u/s 197

Mar 30, 2026
  • In Favour of Revenue
  • Citation Number : TS-435-HC-2026(BOM)
  • Tax Payer : Benteler Automative (China) Investment Limited
Income tax Appellate Tribunal

ITAT: ITAT: Holds Assessee entitled for depreciation on right to collect toll @25% as ‘intangible asset’; Follows Progressive Construction

Mar 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-437-ITAT-2026(DEL)
  • Tax Payer : Jalandhar Amritsar Tollways Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 36(1)(iii) disallowance where loan treatment accepted in prior AYs & transaction at arm’s length

Mar 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2026(Mum)
  • Tax Payer : Reliance Coal Resoures Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Beneficial object of provision defeated if deduction rejected on technical grounds; Allows deduction u/s 54

Mar 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2026(Mum)
  • Tax Payer : Ramesh Haribansh Singh
Income tax Appellate Tribunal

ITAT: Rules Sec. 23 inapplicable to active business assets, cites outside ambit of income from house property

Mar 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2026(Mum)
  • Tax Payer : SML EDU-INFRA Private Limited
Income tax Appellate Tribunal

ITAT: Underwriting commission not FTS, assurance for purchasing unsubscribed shares doesn’t require rendering of services

Mar 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2026(Mum)
  • Tax Payer : Merrill Lynch International
Income tax Appellate Tribunal

ITAT: ITAT: Distinguishes Hexaware, underscores concurrent/complementary jurisdiction notwithstanding faceless scheme

Mar 30, 2026
  • In Favour of Revenue
  • Citation Number : TS-431-ITAT-2026(Mum)
  • Tax Payer : Arham Anmol Projects Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 272A(1)(d) penalty given Assessee’s bona fide conduct & remand of quantum proceedings

Mar 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2026(Ahd)
  • Tax Payer : Air Wind Green Energy Ltd
Income tax Appellate Tribunal

ITAT: Failure to issue draft assessment order u/s 144C, violation of procedure; Quashes assessment

Mar 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2026(DEL)
  • Tax Payer : Aamby Valley Ltd
Income tax Appellate Tribunal

ITAT: Multiplicity of criminal proceedings & continuous incarceration constitutes ‘sufficient cause’ for condonation of delay

Mar 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2026(DEL)
  • Tax Payer : Lalit Aggarwal
Income tax Appellate Tribunal

ITAT: Quashes revision on CSR & Sec. 14A disallowance sans adjustment in MAT book profit u/s 115JB as twin conditions not fulfilled

Mar 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2026(Ahd)
  • Tax Payer : Shalby Ltd