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Rulings ( 14612 results )
High Court
HC: HC: Intentional failure to disclose capital gains, concealment of income; Rejects inadvertent omission plea, confirms penalty
Apr 08, 2026
- In Favour of Revenue
- Citation Number : TS-490-HC-2026(MAD)
- Tax Payer : Sarita Jain
High Court
HC: HC: No scope for fresh notices to reopen completed assessments u/s 170A(2)(a); Quashes notices
Apr 08, 2026
- In Favour of Assessee
- Citation Number : TS-488-HC-2026(BOM)
- Tax Payer : Technoforce Solutions (I) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Activities not profit driven, falls within the ambit of Sec. 2(15), entitled to exemption u/s 11/12
Apr 08, 2026
- In Favour of Assessee
- Citation Number : TS-487-ITAT-2026(CHNY)
- Tax Payer : ICT Academy of Tamil Nadu
High Court
HC: Interest income of Assessee-society, providing credit facilities to members, eligible for deduction u/s 80P(2)(a)(i)
Apr 08, 2026
- In Favour of Assessee
- Citation Number : TS-486-HC-2026(TEL)
- Tax Payer : The Ismailia Co-operative Credit Society Ltd
Income tax Appellate Tribunal
ITAT: Interest expense incurred for land acquisition part of business expenditure, correctly accounted in WIP; Deletes addition
Apr 08, 2026
- In Favour of Assessee
- Citation Number : TS-485-ITAT-2026(Mum)
- Tax Payer : Welkin Developers
Income tax Appellate Tribunal
ITAT: Deletes disallowance of trade incentive & brand promotion expenses against P&G, considering as revenue expense
Apr 08, 2026
- In Favour of Assessee
- Citation Number : TS-484-ITAT-2026(Mum)
- Tax Payer : Procter & Gamble Home Products Ltd
Income tax Appellate Tribunal
ITAT: Upholds 2% estimated commission addition on non-genuine client code modifications by MCX broker
Apr 07, 2026
- In Favour of Revenue
- Citation Number : TS-483-ITAT-2026(Ahd)
- Tax Payer : Javerilal Oswal Commodities Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Disclosure of assets without explanation of source of acquisition; Remands for denovo adjudication
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-479-ITAT-2026(DEL)
- Tax Payer : Atanu Banerjee
Income tax Appellate Tribunal
ITAT: ITAT: Upholds addition of undisclosed contractual receipts reflected in Form 26AS; Rejects CCM accounting method
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-482-ITAT-2026(DEL)
- Tax Payer : Virgo Softech Limited
Income tax Appellate Tribunal
ITAT: Restores matter as it’s not ascertainable if Rule 46A was complied with by CIT(A)
Apr 07, 2026
- In Favour of Both, Partially
- Citation Number : TS-462-ITAT-2026(Mum)
- Tax Payer : Ameet Ashok Rajput
Income tax Appellate Tribunal
ITAT: Sec. 69 addition unsustainable when cash deposits recorded in books, supported by cash flow
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-477-ITAT-2026(Bang)
- Tax Payer : Sakalaspur Veerappiiah Rudrappa Coffee Planter Harakanahally Estate
Income tax Appellate Tribunal
ITAT: Reference to DVO for computation of capital gains & valuation of asset, to be made u/s 55A & not u/s 142A
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-481-ITAT-2026(CHNY)
- Tax Payer : Renee Josephine Jaganathan
Income tax Appellate Tribunal
ITAT: No Sec. 69A addition where family’s total declared jewellery exceeds jewellery recovered in search
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-480-ITAT-2026(DEL)
- Tax Payer : Nitin Passi
Income tax Appellate Tribunal
ITAT: JDA execution alone doesn't trigger tax if property rights under dispute; Deletes capital gains addition
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-478-ITAT-2026(Bang)
- Tax Payer : Bileshivale Muddanna Govardhana Murthy
Income tax Appellate Tribunal
ITAT: Linklaters Singapore’s legal fees not FTS absent 'make available'; 21-day threshold not met for service PE
Apr 07, 2026
- In Favour of Assessee
- Citation Number : TS-476-ITAT-2026(Mum)
- Tax Payer : Linklaters Singapore Pte. Ltd
Income tax Appellate Tribunal
ITAT: Notional rent on vacant flats/shops held as stock-in-trade, to be computed under Income from House property
Apr 06, 2026
- In Favour of Assessee
- Citation Number : TS-475-ITAT-2026(Mum)
- Tax Payer : Haware Engineers and Builders Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Penalty provisions u/s 271D not automatic; Assessee presenting ‘reasonable cause’ exonerated from penalty
Apr 06, 2026
- In Favour of Assessee
- Citation Number : TS-474-ITAT-2026(HYD)
- Tax Payer : Aurora Educational Society
Income tax Appellate Tribunal
ITAT: Non-production & non-maintenance of relevant documents valid reason for rejection of books u/s 145(3)
Apr 06, 2026
- In Favour of Revenue
- Citation Number : TS-473-ITAT-2026(PAN)
- Tax Payer : Idrees Mohammed
High Court
HC: Trade credit not business income sans explanation of source, ineligible for Sec. 80IA deduction
Apr 06, 2026
- In Favour of Assessee
- Citation Number : TS-472-HC-2026(MAD)
- Tax Payer : AKR Poly Industries
Income tax Appellate Tribunal
ITAT: Validates cash deposits during demonetisation sourced from Assessee’s deceased mother; Deletes Sec. 69A addition
Apr 06, 2026
- In Favour of Assessee
- Citation Number : TS-471-ITAT-2026(Mum)
- Tax Payer : Jamshed Naval Karanjia