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Income tax Appellate Tribunal
ITAT: ITAT: Remands Britannia's dividend taxability case to verify non-resident TRCs & PE declarations
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-715-ITAT-2026(Kol)
- Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal
ITAT: Compensation received for surrendering right to sue is non-taxable capital receipt
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-714-ITAT-2026(Kol)
- Tax Payer : Belani Housing Development Limited
Income tax Appellate Tribunal
ITAT: ITAT: Deletes ‘on-money’ addition as no flats sold in relevant AY; Cites AO exceeded specific remand direction
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-713-ITAT-2026(Mum)
- Tax Payer : Mumbai Shelter Housing Development Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Reassessment notice issued before NCLT restores struck-off company, bad in law
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-712-ITAT-2026(DEL)
- Tax Payer : Metlon India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Assessee, key person in company, not owner of unaccounted cash; Cannot invoke Sec. 69A provisions
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-711-ITAT-2026(DEL)
- Tax Payer : Dolly Kumar
Income tax Appellate Tribunal
ITAT: Sets-aside CIT(A) order; Cites no tax relief for SEBI debarred manipulator, confirms addition @5% of commission
May 18, 2026
- In Favour of Revenue
- Citation Number : TS-710-ITAT-2026(Mum)
- Tax Payer : Santosh Deshmal Oswal
Income tax Appellate Tribunal
ITAT: Generation Based Incentive receipts, directly linked with business activity, eligible for Sec. 80-IA deduction
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-709-ITAT-2026(Bang)
- Tax Payer : Sokke Kaliveerappa Shivaraj
Income tax Appellate Tribunal
ITAT: Reasons recorded for re-opening, invalid, sans PCIT’s approval & without tangible material
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-700-ITAT-2026(Rjt)
- Tax Payer : Prafulla Jagdishchandra Sedani
Supreme Court
SC: SC: Copy of SC order dismissing Revenue's Engineering Analysis review petition on software taxation
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-708-SC-2026
- Tax Payer : Engineering Analysis Centre Of Excellence Private Limited Etc
Income tax Appellate Tribunal
ITAT: ITAT: Situs of income, not source of receipts, determines taxability u/s 9(1); Restores exemption of royalty income issue
May 16, 2026
- In Favour of Both, Partially
- Citation Number : TS-703-ITAT-2026(DEL)
- Tax Payer : Amphenol Fci Asia Pte. Ltd
Income tax Appellate Tribunal
ITAT: Allows Sec. 54B exemption on investment in new agricultural land despite non-deposit in capital gains account scheme
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-701-ITAT-2026(DDN)
- Tax Payer : Rajesh Jain
Income tax Appellate Tribunal
ITAT: Sec. 263 order on deemed dividend unsustainable where AO made due inquiry & order not erroneous
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-704-ITAT-2026(DEL)
- Tax Payer : MED Freshe Private Limited
Income tax Appellate Tribunal
ITAT: ITAT: Deletes penalty u/s 270A levied solely on third-party ledger entries sans corroborative evidence
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-705-ITAT-2026(CHNY)
- Tax Payer : Virinchipuram Radhakrishna Narayanan
High Court
HC: Quashes Sec. 270AA immunity rejection order sans established misrepresentation or suppression of facts
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-699-HC-2026(DEL)
- Tax Payer : Airpay Money Private Limited
Income tax Appellate Tribunal
ITAT: Sec. 271(1)(c)/270A unsustainable merely on depreciation disallowance sans concealment or misreporting of income
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-707-ITAT-2026(Mum)
- Tax Payer : Quant Transactional Services Private Limited
High Court
HC: Sets aside Sec. 154 order as barred by limitation, for absence of DIN & violation u/s 154(3)
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-706-HC-2026(CAL)
- Tax Payer : Surajit Ghosh
High Court
HC: Procedural lapse in filing audit report in Form 10BB instead of Form 10B, cannot defeat entitlement of exemption u/s 12A
May 16, 2026
- In Favour of Assessee
- Citation Number : TS-673-HC-2026(CAL)
- Tax Payer : Howrah Heritage Society and Anr
Supreme Court
SC: Dismisses SLP against re-assessment despite assessee's fervent plea on warranty provision treatment
May 15, 2026
- In Favour of Assessee
- Citation Number : TS-702-SC-2026
- Tax Payer : Huawei Telecommunications (India) Company Pvt. Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Deletes Sec. 56(2)(x) addition as Assessee not in possession of immovable property in relevant AY
May 15, 2026
- In Favour of Assessee
- Citation Number : TS-698-ITAT-2026(Mum)
- Tax Payer : Snchalata Heramb Dhayagude
Income tax Appellate Tribunal
ITAT: Gujarat Maritime Board entitled to exemption u/s 11/12 as services rendered within scope of charitable purpose
May 15, 2026
- In Favour of Assessee
- Citation Number : TS-696-ITAT-2026(Ahd)
- Tax Payer : Gujarat Maritime Board